Angel One Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
April 17, 2024 at 08:43 am EDT
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Angel One Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported revenue was INR 13,585.37 million compared to INR 8,310.85 million a year ago. Net income was INR 3,399.42 million compared to INR 2,669.12 million a year ago. Basic earnings per share from continuing operations was INR 40.48 compared to INR 32.01 a year ago. Diluted earnings per share from continuing operations was INR 39.76 compared to INR 31.47 a year ago. Basic earnings per share was INR 40.48 compared to INR 32 a year ago. Diluted earnings per share was INR 39.76 compared to INR 31.47 a year ago.
For the full year, revenue was INR 42,797.88 million compared to INR 30,211.18 million a year ago. Net income was INR 11,255.28 million compared to INR 8,899.54 million a year ago. Basic earnings per share from continuing operations was INR 134.22 compared to INR 106.91 a year ago. Diluted earnings per share from continuing operations was INR 131.82 compared to INR 105.12 a year ago. Basic earnings per share was INR 134.21 compared to INR 106.88 a year ago. Diluted earnings per share was INR 131.81 compared to INR 105.09 a year ago.
Angel One Limited is a full-service retail brokerage company. It is engaged in the business of stock, currency, and commodity broking, providing margin trading facilities, depository services and distribution of mutual funds to its clients. The Company also provides portfolio management services. The Company operates through Broking and related services segment. Its digital platforms include Angel One Super App, Angel One Trading, and Smart API. The Angel One Super App is a multifaceted, artificial intelligence (AI) -driven digital platform core journeys comprising educating about investing and trading across multiple asset classes like equities, commodities, currencies, mutual funds, and bonds. The Company's subsidiaries include Angel Financial Advisors Private Limited, Angel Fincap Private Limited, Angel Securities Limited, Angel DigiTech Services Private Limited, and Mimansa Software Systems Private Limited.