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Angel One client base rises 4.7% MoM in May

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Capital Market
Last Updated : Jun 03 2022 | 11:31 AM IST

The stock broker's client base stood at 10.10 million in May 2022 as against 4.84 million in the month of May 2021, registering a jump of nearly 109% year on year.

Sequentially, the company's client base rose by 4.7% month-on-month (MoM) last month from 9.64 million clients in April 2022.

Gross client acquisition stood at 0.47 million in May 2022 compared with 0.44 million in April 2022 (up 6%) and 0.43 million in May 2021 (up 10.2%).

Angel's overall average daily turnover (ADTO) was Rs 8,94,200 crore in May 2022 (down 5.7% month on month and up 88.2% year on year). The company's ADTO from the F&O segment stood at Rs 8,72,900 crore, accounting for 97.61% of the overall ADTO during the month.

The company's F&O market share stood at 19.9% (down 151 bps month on month and down 388 bps year on year). Retail turnover market share in commodity segment was reported at 45.1% (up 184 bps month on month and up 1,915 bps year on year) in May 2022.

The company did not disclose its retail turnover market share for other segments like overall equity and cash due to unavailability of industry data.

Angel One is the largest listed retail stock broking house in India, in terms of active clients on NSE. Angel One is a technology-led financial services company providing broking and advisory services, margin funding, loans against shares and distribution of third-party financial products to its clients.

The company's consolidated net profit doubled to Rs 204.7 crore in Q4 FY22 from Rs 101.9 crore in Q4 FY21. Total revenue from operations increased by 64.3% YoY to Rs 671.3 in Q4 FY22 as against 408.61 crore in Q4 FY21.

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Shares of Angel One were up 0.96% at Rs 1493.25 on the BSE.

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First Published: Jun 03 2022 | 11:09 AM IST

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