Angel One Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 15, 2024 at 07:23 am EST
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Angel One Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported revenue was INR 10.61 million compared to INR 7,597 million a year ago. Net income was INR 2,603 million compared to INR 2,280 million a year ago. Basic earnings per share from continuing operations was INR 31.02 compared to INR 27.36 a year ago. Diluted earnings per share from continuing operations was INR 30.48 compared to INR 26.74 a year ago. Basic earnings per share was INR 31.02 compared to INR 27.35 a year ago. Diluted earnings per share was INR 30.47 compared to INR 26.73 a year ago.
For the nine months, revenue was INR 29,212 million compared to INR 21,900 million a year ago. Net income was INR 7,856 million compared to INR 6,230 million a year ago. Basic earnings per share from continuing operations was INR 93.73 compared to INR 74.89 a year ago. Diluted earnings per share from continuing operations was INR 92.09 compared to INR 73.2 a year ago. Basic earnings per share was INR 93.72 compared to INR 74.87 a year ago. Diluted earnings per share was INR 92.08 compared to INR 73.17 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.