February 28, 2024

The broker’s client base increased 55.5 percent year on year to 1.95 crore. Its share in India’s demat account base improved 241 basis points to 14 percent.

Angel One on January 15 said its consolidated net profit for the quarter ended December 2023 rose 14.16 percent year-on-year to Rs 260.3 crore. The company had reported a net profit of Rs 228 crore in the same quarter last year.

Its revenue from operations stood at Rs 1,059 crore, registering a growth of 41.86 percent from Rs 7,486 crore in the corresponding quarter last year, according to an exchange filing.

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The Board of the company declared a third interim dividend for FY24 at the rate of Rs 12.70 per share. The dividend to be distributed is equivalent to 41 percent of consolidated profit after tax for the quarter. The record date for determining eligibility of shareholders for payment of the dividend shall be Tuesday January 23, 2024. The dividend shall be paid on or before February 14, 2024.

The broker’s client base increased 55.5 percent year on year to 1.95 crore. Its share in India’s demat account base improved 241 basis points to 14 percent.

“Our digital assets are continuously evolving, enriched with innovative features to ensure an unparalleled investing experience. We undertook process improvements, to ease the onboarding experience and incorporated some unique features, for both new and experienced clients, thus simplifying their investment journey on the app,” said  Dinesh Thakkar, Chairman & Managing Director, Angel One.

“A testimony to the effectiveness of our Super App strategy, is clearly visible from our accomplishment in distributing Mutual Funds, as we continue to be India’s second largest player for incremental registered SIPs.”