Angel One Ltd (BOM:543235)

Q1 2026 Angel One Ltd Earnings Call Transcript

Jul 17, 2025 / 05:30 AM GMT

Release Date Price: ₹273.9 (+0.87%)

Transcript

Key Points

Positve

Angel One Ltd (BOM:543235) reported an 8.1% quarter-on-quarter increase in gross revenues, reaching INR 11.4 billion.
The company added over 1.5 million clients in Q1 FY26, with 88% coming from tier 2 and tier 3 cities, indicating strong market penetration beyond major urban areas.
Angel One Ltd's client funding book reached an all-time high of INR 48 billion, showcasing strong client confidence and platform stickiness.
The company is leveraging AI and machine learning to enhance client engagement and operational efficiency, which is expected to drive long-term growth.
Angel One Ltd is expanding its product offerings, including mutual funds and credit products, which are showing strong growth metrics and are expected to contribute significantly to future revenues.

Negative

The company's operating margin was impacted by IPL sponsorship costs, resulting in a lower reported margin of 21.8% for the quarter.
There is increased competitive intensity in the margin trading segment, which could pressure profit margins.
The effective tax rate for the quarter was higher due to loss-making businesses and non-deductible CSR contributions, impacting net profitability.
New business segments like wealth and asset management are still in the incubation stage and are currently impacting overall margins.
Market share gains in the F&O segment have been inconsistent, with fluctuations observed month-to-month, indicating potential volatility in this revenue stream.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ANGO.NS - Angel One Ltd
Q1 2026 Angel One Ltd Earnings Call
Jul 17, 2025 / 05:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Q1 F 526 earnings conference call hosted by Angel One Limited.

This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions, and expectations of the company as of date of this call. These statements are not the guarantees of future performance and involve risk and uncertainties that are difficult to predict. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance in the conference call, please signal an operator by pressing 10 on a touchstone phone. Please note that this conference is being recorded. I now

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