Angel One Q1 FY26 Results: Revenue Grows 7.3% QoQ; Adjusted Profit Up 26% Despite Higher IPL Spending
Angel One Limited, India’s leading fintech platform, reported its unaudited consolidated financial results for Q1 FY26, showcasing resilient growth across core business segments, even as one-off marketing expenses related to the IPL season impacted reported profitability.
For the quarter ended June 30, 2025, Angel One recorded consolidated net revenue of ₹891.3 crore, up 7.3% quarter-on-quarter (QoQ) compared to ₹830.8 crore in Q4 FY25. The reported Earnings Before Depreciation, Amortization, and Taxes (EBDAT) came in at ₹194.4 crore, down 26.5% QoQ, largely due to ₹111.7 crore in IPL-related marketing spends. However, adjusted EBDAT stood at ₹306.1 crore, a sharp 30.5% growth QoQ, reflecting strong underlying business momentum.
Adjusted PAT (Profit After Tax) rose 26% QoQ to ₹192.2 crore, while the reported PAT was ₹114.5 crore, down 34.4% QoQ due to the one-time expenses. Adjusted EBDAT margins stood at a healthy 34.3%, up from 28.2% in the previous quarter.
Angel One’s total client base rose to 32.5 million, with 1.5 million gross client additions in Q1, up 4.4% QoQ. The company continues to deepen its market presence, now commanding a 16.3% share of India’s total demat accounts and ranking 3rd in NSE active client base, with 7.3 million active NSE clients.
In the broking segment, the client funding book touched a record ₹4,800 crore, while total order volumes rose to 343 million, up 4.8% QoQ. Commodity turnover rose sharply by 23.2% QoQ.
In non-broking verticals, the platform scaled its credit disbursals to ₹230 crore (up 123.6% QoQ), while unique SIPs rose 0.9% QoQ to 1.9 million. Angel One’s wealth management AUM grew 33.6% to ₹5,070 crore, with the client base surpassing 1,000. In asset management, two new schemes were launched, taking total schemes to five with an AUM of ₹340 crore.
On the tech front, Angel One continued to invest in data, AI, and analytics across its platform. Its flagship offerings—ARQ Prime, SmartAPI, and Smart Money—are designed to empower India’s mobile-first, tech-savvy investors with intelligent tools for investing, planning, and wealth creation.
CMD Dinesh Thakkar emphasized the company’s mission to build a fintech platform that empowers every Indian across their financial journey. Group CEO Ambarish Kenghe reiterated Angel One’s focus on intelligent, data-driven operations to drive higher engagement, retention, and lifetime value per client while diversifying revenues across broking, credit, wealth, and AMC verticals.
Despite temporary cost pressures, Angel One continues to scale efficiently, emerging as one of India’s most inclusive and future-ready fintech platforms.
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