• Source:JND
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Angel One Share Price:  The shares of Angel One surged up to 15% in the early trade after the brokerage firm announced a consolidated jump in the net profit in the second quarter. At around 2:10 pm, Angel One stock was trading at 3,132.20, up 15 per cent or Rs 409. Angel One's shares have been on an upward trend for the past 30 days as they rose over 14.5%, while in the last 5 trading sessions, they surged over 11 per cent.

Angel One Q2 Result

Angel One said its net profit increased 39.1 per cent to Rs 423.4 crore compared to the same quarter last year. Year-on-year revenue increased 44.5 per cent to Rs 1,514.7 crore from Rs 1,047.9 crore.

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Angel One's earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 51.5 per cent to Rs 671.9 crore, while its EBITDA margin increased 210 basis points to 44.4 per cent from 42.3 per cent last year.

For the quarter ended Sept. 30, Angel One's total client base grew 61 per cent to 27.5 million. On a sequential basis, the total client base grew by 11.2 per cent. Angel One's total client acquisitions for the quarter increased 41 per cent from the year-ago quarter to 3 million. That is up 15.9 per cent from the June quarter.

Brokers' share of India's demat accounts increased 251 basis points from last year and 44 basis points from the previous quarter to 15.7 per cent. The number of orders placed on Angel One's platform in the quarter increased 44.5 per cent from last year to 489 million.

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Disclaimer: This is only a piece of news about the recent development in the stock. Jagran does not advise investing, please take expert opinion before investing.