Angel One Ltd

The key equity benchmarks traded with moderate losses in morning trade as the rupee weakened against US dollar. Investors' focus now shifts to fresh IPO activity, upcoming PMI data and the RBI's monetary policy meeting scheduled later this week. The Nifty traded below the 25,950 mark. PSU Bank shares witnessed selling pressure for second consecutive trading session. At 10:25 IST, the barometer index, the S&P BSE Sensex, declined 258.84 points or 0.30% to 84,879.43. The Nifty 50 index fell 100.75 points or 0.39% to 25,931.45. In the broader market, the S&P BSE Mid-Cap index shed 0.91% and the S&P BSE Small-Cap index fell 0.59%. The market breadth was weak. On the BSE, 1,260 shares rose and 2,306 shares fell. A total of 210 shares were unchanged. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 90.1100 compared with its close of 89.9650 during the previous trading session. The currency slipped to a fresh record low after breaching the 90-mark. Buzzing Index: The Nifty PSU Bank index fell 0.85% to 8,373.40. The index decilined 1.90% for two consecutive trading sessions. Indian Bank (down 3.55%), Punjab National Bank (down 2.5%), Bank of India (down 1.72%), Bank of Baroda (down 1.55%), Bank of Maharashtra (down 1.44%) , Punjab & Sind Bank (down 1.42%), Canara Bank (down 1.41%), UCO Bank (down 1.41%), Central Bank of India (down 1.23%) and Indian Overseas Bank (down 0.91%) declined. Stocks in Spotlight; Angel One declined 5.74% after the company reported that its gross client acquisition declined 16.6% year-on-year (YoY) to 0.50 million in November 2025 from 0.60 million in November 2024. Mahindra Lifespace Developers shed 0.55%. The company said that it has been selected as the preferred development partner for a major residential redevelopment project in Matunga, Mumbai. Quality Power Electrical Equipment fell 0.41%. The company announced that it has secured an order worth Rs 13.90 crore for the supply of coil products.Powered by Capital Market - Live

Angel One's orders stood at 117.3 million, down 12.3% month-on-month (MoM) and 10.4% YoY. The company reported an Average Daily Turnover (ADTO), based on notional turnover, of Rs 53,48,600 crore in November 2025, reflecting a 9.8% MoM decline but a strong 25.4% YoY rise. The Futures & Options (F&O) segment contributed Rs 51,75,200 crore, down 10.1% MoM yet up 23.7% YoY. Based on option-premium turnover, the ADTO in the cash segment stood at Rs 7,300 crore, declining 7.5% MoM and 2.2% YoY. The commodity segment reported a significantly higher ADTO of Rs 166,100 crore, slipping 0.6% MoM but soaring 129.3% YoY. Angel One's client base jumped 21.9% year-on-year (YoY) to 35.08 million in November 2025, compared with 28.78 million in November 2024. The company's client base also rose 1.5% month-on-month (MoM) in November 2025 from 34.57 million recorded in October 2025. Angel One is the largest listed retail stockbroking house in India in terms of active clients on NSE. The company provides brokerage and advisory services, margin funding, loans against shares, and distribution of third-party financial products to its clients. The brokerage and allied services are offered through online and digital platforms and a network of authorized persons. The company's consolidated net profit dropped 49.98% to Rs 211.73 crore on a 20.56% fall in total revenue from operations to Rs 1,204.20 crore in Q2 FY26 over Q2 FY25.Powered by Capital Market - Live

Angel One announced its key business parameters for month of November 2025: Particulars Nov'25 MoM Growth  YoY Growth  Client Base (Million)  35.08 1.5% 21.9% Avg. Client Funding Book (Rs crore) 5950 2.7% 50.1% Average Daily Turnover (Rs crore)        Overall         53,48,600 -9.8% 25.4% F&O         51,75,200 -10.1% 23.7% Cash                 7,300 -7.5% -2.2% Commodity           1,66,100 -0.6% 129.3%Powered by Capital Market - Live

The company's client base also rose 1.5% month-on-month (MoM) in October 2025 from 34.08 million recorded in September 2025. Gross client acquisition dropped 19.8% YoY to 0.56 million in October 2025 as against 0.70 million in October 2024. Angel One reported an Average Daily Turnover (ADTO), based on Notional Turnover, of Rs 59,29,400 crore in October 2025, reflecting a 23.1% MoM growth and a 22.4% YoY increase. The ADTO from the Futures & Options (F&O) segment stood at Rs 57,54,400 crore for the month, marking a 23.2% MoM rise and a 20.4% YoY increase. Based on option premium turnover, the ADTO in the cash segment increased to Rs 7,900 crore in October 2025, up 3.9% MoM and 1.4% YoY. The commodity segment reported a significantly higher ADTO of Rs 1,67,100 crore, marking an increase of 19.8% MoM and a massive 200.8% YoY surge. Angel One is the largest listed retail stockbroking house in India in terms of active clients on NSE. The company provides brokerage and advisory services, margin funding, loans against shares, and distribution of third-party financial products to its clients. The brokerage and allied services are offered through online and digital platforms and a network of authorized persons. The company's consolidated net profit dropped 49.98% to Rs 211.73 crore on a 20.56% fall in total revenue from operations to Rs 1,204.20 crore in Q2 FY26 over Q2 FY25. The counter shed 0.25% to Rs 2,514.50 on the BSE. Powered by Capital Market - Live

Angel One announced the following key business parameters for month of October 2025: Particulars Oct'25 MoM Growth  YoY Growth  Client Base (Million)  34.57 1.5% 22.5% Avg. Client Funding Book (Rs crore) 5791 4.3% 40.6% Average Daily Turnover (Rs crore)        Overall*         59,29,400 23.1% 22.4% F&O*         57,54,400 23.2% 20.4% Cash                 7,900 3.9% 1.4% Commodity           1,67,100 19.8% 200.8% * Overall ADTO is based on turnover for cash segment, notional turnover for equity futures & equity options and commodity segments. F&O ADTO is based on notional turnover for equity futures & equity options segments.  Powered by Capital Market - Live

Angel One has allotted 90,821 equity shares under Angel Broking Employee Long Term Incentive Plan 2021 on 30 October 2025. Consequent to the said allotment, the issued, subscribed, and paid-up capital of the Company stands at Rs. 908,077,490 comprising of 90,807,749 equity shares of face value of Rs. 10 each. Powered by Capital Market - Live

Profit before tax tanked 48.60% year on year to Rs 294 crore in the quarter ended 30 September 2025. Consolidated earnings before depreciation, amortization, & taxes (EBDAT) in Q2 FY26 stood at Rs 324.6 crore (down 45.69% YoY). EBDAT margin slipped to 34.5% in Q2 FY26 as against 49.9% posted in Q2 FY25. Despite the earnings decline, the client base grew 24% YoY to 34.1 million. However, gross client acquisition fell 41.9% YoY to 1.7 million in September 2025. The company's average client funding book for the quarter stood at Rs 5,310 crore. Angel One's asset management arm launched two new schemes during the quarter, bringing the total number of offerings to seven. The assets under management (AUM) grew 16.8% QoQ to Rs 400 crore as of September 2025. Dinesh Thakkar, chairman & managing director said, 'Fintech platforms like us are reshaping how India invests, borrows and builds wealth. Our AI-driven platform bridges the formal and informal financial worlds, delivering personalized journeys at scale. With new products and annuity revenues emerging, Angel One is well positioned to lead India's fintech evolution and empower long-term wealth creation. We are building Angel One to grow with every client's financial journey ' intelligent, responsive and designed to empower a billion lives.' Ambarish Kenghe, Group CEO said, 'We continue to strengthen client engagement through technology, data and design. AI is at the core of this transformation. Our in-house built chatbot, Ask Angel, is now live, resolving more queries instantly and with higher accuracy. We are also responding to a significant percentage of support emails using AI. We have streamlined the entire client journey and enhanced partner experiences, driving deeper engagement and higher lifetime value. Momentum across businesses remains strong ' Mutual fund SIPs touched record high, credit disbursals nearly doubled and Ionic Wealth crossed over Rs 61 billion in AUM. Our focus remains on scaling with technology, trust and transparency. We are excited to set up a branch in GIFT City, a strategic move that opens new growth avenues. Our total orders grew by 5.0% QoQ to 360 mn and average client funding book grew to an all time high of over Rs 53 billion, driving our total net income higher by 5.6% QoQ to Rs 9.4 billion. Our reported net profit grew by 85.0% QoQ to Rs 2.1 billion. Our expanding product universe, deep AI capabilities and unified digital ecosystem positions us well in India's digital financial services landscape.' Angel One is the largest listed retail stock broking house in India in terms of active clients on NSE. The company provides broking and advisory services, margin funding, loans against shares, and distribution of third-party financial products to its clients. The broking and allied services are offered through online and digital platforms and a network of authorized persons. Shares of Angel One rose 2.66% to Rs 2,510.40 on the BSE. Powered by Capital Market - Live

Net profit of Angel One declined 49.99% to Rs 211.73 crore in the quarter ended September 2025 as against Rs 423.37 crore during the previous quarter ended September 2024. Sales declined 20.66% to Rs 1201.76 crore in the quarter ended September 2025 as against Rs 1514.71 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales1201.761514.71 -21 OPM %34.5744.35 - PBDT324.65597.68 -46 PBT294.00572.08 -49 NP211.73423.37 -50 Powered by Capital Market - Live

Angel One updates the following key business parameters for September 2025 and Q2 FY26: Particulars Sep'25 MoM Growth  YoY Growth  Client Base (Million)  34.08 1.5% 24.0% Avg. Client Funding Book (Rs crore) 5553 4.9% 35.8% Average Daily Turnover (Rs crore)        Overall         48,18,300 5.1% 0.5% F&O         46,71,200 4.9% -1.0% Cash                 7,600 9.8% -16.2% Commodity           1,39,500 10.6% 109.3% Particulars Q2 FY26 QoQ Growth  YoY Growth  Client Base (Million)  34.08 4.90% 24.00% Avg. Client Funding Book (Rs crore) 5305 26.10% 36.40% Average Daily Turnover (Rs crore)        Overall         45,08,700 25.60% -0.70% F&O         43,82,600 25.30% -1.90% Cash                 7,400 -9.30% -26.50% Commodity           1,18,700 42.70% 91.90%Powered by Capital Market - Live

Angel One has allotted 48,342 equity shares under Angel Broking Employee Long Term Incentive Plan 2021. Consequent to the said allotment, the issued, subscribed, and paid-up capital of the Company stands at Rs. 907,169,280 comprising of 90,716,928 equity shares of face value of Rs. 10 each. Powered by Capital Market - Live