Angel One Ltd

📊 Angel One Q4 FY26: Daily Orders Reach 7.4M, Margins Improve 498bps

• Average daily orders increased from 5 million in February '25 to 7.4 million in March '26

• Total orders for the quarter reached 431 million, a six-quarter high

• Gross income grew 9.7% quarter-on-quarter to ₹14.7 billion

• Net income rose 10.4% sequentially to ₹11.3 billion

• Broking revenue accounted for 60.7% of total gross income

• Commodity broking income up 15.8% quarter-on-quarter

• F&O revenues increased 16.1% quarter-on-quarter

• Profit after tax increased by 19.2% sequentially to ₹3.2 billion

• Normalized EBDIT margin improved 498 basis points to 44.4%

• Wealth management business Ionic Wealth's AUM crossed ₹100 billion, up 23% quarter-over-quarter

• Credit business disbursed ₹6.1 billion in Q4, with lifetime cumulative disbursements reaching ₹27.1 billion

• Employee costs expected to remain flat in FY27 at around ₹11 billion despite AI-driven efficiency improvements

• Capital infusion of up to ₹1.5 billion each into wealth management and NBFC businesses to support growth