Angel One shares plunged nearly 7% to an intra-day low of Rs 2,280 after the company reported a fall in EBITDA margins in its quarterly earnings for the third quarter.
Angel One’s EBITDA margin dipped 500 basis points to 39.3% from 44.4% quarter-on-quarter, while its net profit fell by 34% from the previous quarter to Rs 281 crore. The broker’s revenue declined by 17% QoQ to Rs 1,262 crore in Q3 FY25. Plus, the company’s operating profit (EBITDA) fell by 26% sequentially to Rs 496 crore in the third quarter of the current financial year.
However, the company’s net profit rose to Rs 281.47 crore, an 8.13% increase from Rs 260.31 crore in Q3 FY24. Its revenue from operations stood at Rs 1262.21 crore, up 19.18% from Rs 1059.05 crore during the third quarter of the previous financial year.
To fortify against the results impact and lure investors, the company declared a dividend of Rs 11 per equity share, equivalent to Rs 99.30 crore. This is 35.3% of the consolidated net profit of Q3 FY25. Angel One announced the record date for determining the eligibility of shareholders for payment of the said Interim Dividend, as Tuesday, January 21, 2025.
The company’s performance was impacted after the markets’ watchdog (SEBI) implemented new rules to curb the F&O participation of retail investors. It raised minimum contract size, reduced weekly expiries, upfront collection of premiums, discontinued popular contracts, etc.
Also ReadAngel One appoints former Google Pay VP Ambarish Kenghe as Group CEO; posts 8.13% YoY profit growth for Q3 Angel One’s performance in Q2
The company reported a jump of 44% year-on-year in its consolidated net profit standing at Rs 423.4 crore in Q2FY25. The company’s total income from the stock broking and allied services grew 8% on year to Rs 1,516 crore for Q2 FY25.
Angel One Vs Nifty 50
The stock of Angel One has fallen 12.5% in the last five trading sessions. It has wiped out almost 27% in the past one month, including today’s stock movement. However, the stock has risen 3.8% in the past six months. It has declined 20.5% from year to date and more than 39% in the previous one year.
To compare, the benchmark index, Nifty 50 has fallen 2% in the last five trading days.
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