Angel One Shares Soar After Strong Q4 Numbers

Shares of Angel One jumped 6% at market open on Tuesday as the company reported its earnings for the quarter ended March.

What Happened: The brokerage firm late on Monday released its earning report for the final quarter of FY23 (April 2022-March 2023). The company’s net revenue jumped 26.9% year-over-year to ₹644.2 crore. The company’s net profits grew 30.4% YoY and 17.1% sequentially to ₹267 crore. The company’s EPS for the quarter stood at ₹32/share, up 29.5% YoY.

See Also: When Will Tata Power Share Price Go Up?

The firm’s total client base as of March 31, 2023 stood at 1.38 crore, up around 49% YoY. The company said that it accounts for around 12% of demat accounts in the country. The number of orders received by the stock broking housing also surged 24.6% YoY to 263 million.

The company also declared a final dividend of ₹4/share. This is in addition to the ₹9.6/share interim dividend it announced last month.

Price Action: Angel One share price surged up 6.02% to ₹1,351 at market open on Tuesday.

Read Next: Is Olectra Greentech Share A Good Buy At Current Price?

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Posted In: EarningsNewsDividendsTrading IdeasAngel One
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!