Angel One shares tanked 6 per cent before ending flat on Thursday as its profit tumbled 49 per cent in Q4FY25.
The stock ended the day’s trade at ₹2,356.05 on the BSE, after opening at ₹2,200.
Post market hours on Wednesday, the company reported its consolidated net profit for the quarter ended March 2025 at ₹174.52 crore, as against ₹339.94 crore in the corresponding quarter previous year.
Its net broking revenue was down 28 per cent to ₹490.6 crore. The brokerage added 16 lakh clients in Q4, a 22.4 per cent decline.
In addition, its consolidated revenue shrank 22.2 per cent to ₹1,056 crore in the March 2025 quarter, from ₹1,357.27 crore in the same period previous year.
The board also recommended a dividend of ₹26 per share.
Motilal Oswal emphasised that the Q4 numbers were affected by F&O regulations and a weak market environment, while its profit was hit by an elevated cost structure and IPL spends.
Motilal believes that Angel One has the lever of corrective pricing, among others, to recover revenue growth and protect profitability, pushing margins to 45-50 per cent in the longer term. In addition, new businesses such as distribution of loans, fixed deposits, wealth management and AMC are likely to gain traction over the medium term.
Published on April 17, 2025