Key Highlights
- Consolidated net revenue rose 5.6% QoQ to ₹941 crore in Q2 FY26
- Profit after tax surged 85% QoQ to ₹212 crore
- EBDAT increased 67% QoQ to ₹325 crore with a margin of 34.5%
- Total client base reached 3.41 crore, up 24% YoY
- Retail equity turnover share improved by 71 bps to 20.5%
- Wealth management AUM rose 21.3% QoQ to ₹6,140 crore
- Launched two new asset management schemes, taking total to seven
Angel One Limited (NSE: ANGELONE, BSE: 543235) announced a strong financial performance for the second quarter of FY26, supported by robust client acquisition, product diversification, and the adoption of AI-driven technology to enhance efficiency.
The company reported consolidated net revenue of ₹941 crore in Q2 FY26, up 5.6% quarter-on-quarter. Its EBDAT stood at ₹325 crore, a 67% QoQ increase, while maintaining an EBDAT margin of 34.5%. The profit after tax (PAT) rose sharply by 85% QoQ to ₹212 crore, reflecting operational efficiency and consistent business momentum. On an adjusted basis, PAT grew 10.1% QoQ.
Strong Business Momentum Across Segments
The total number of orders during the quarter rose 5% QoQ to 360 million, with the F&O segment growing 7.2%, while the cash segment declined slightly by 2.2%. The average client funding book touched an all-time high of ₹5,310 crore.
In emerging businesses, unique SIP registrations increased 23.8% QoQ to 24 lakh, while credit disbursals nearly doubled to ₹460 crore. The Wealth Management vertical saw its AUM increase by 21.3% QoQ to ₹6,140 crore, expanding the client base to over 1,250. In the Asset Management segment, two new schemes were launched, taking the total to seven, with AUM rising 16.8% QoQ to ₹400 crore and total folios up by 50.4% QoQ to over 1.38 lakh.
Expanding Client Base and Market Presence
Angel One’s total client base grew to 3.41 crore, an increase of 4.9% QoQ and 24% YoY, while gross client acquisition stood at 17 lakh, up 12.2% QoQ. The company’s share in India’s demat accounts improved to 16.5%, and NSE active clients rose 5.9% QoQ to 69 lakh. Its retail market share in overall equity turnover climbed 71 bps to 20.5%.
AI-Led Digital Transformation
Commenting on the results, Chairman and Managing Director Dinesh Thakkar said that fintech platforms like Angel One are reshaping how India invests and builds wealth. “Our AI-driven platform bridges formal and informal financial systems, delivering personalized experiences at scale. With new products and annuity revenues emerging, we are well-positioned to lead India’s fintech evolution,” he noted.
Group CEO Ambarish Kenghe highlighted that the company continues to enhance client engagement through AI, data, and design. “Our in-house chatbot Ask Angel is resolving more queries with greater accuracy, and AI is now handling a significant share of client support. These initiatives have improved efficiency and client satisfaction,” he added.
The company also announced plans to open a branch in GIFT City, which is expected to unlock new opportunities in international financial services.