Angel One reported a 5.3% sequential increase in gross revenue, reaching ₹12 billion in Q2 FY’26, with net revenue up 5.6% to ₹9.4 billion. The client base exceeded 34 million, adding 1.7 million new clients. The company is expanding its product suite and venturing into life insurance through a joint venture, enhancing its digital ecosystem and AI capabilities.
Financial Performance
Angel One’s gross revenues increased by 5.3% quarter-on-quarter to ₹12 billion, while net revenues grew by 5.6% to ₹9.4 billion in Q2 FY’26. Broking commissions from the F&O segment contributed 46%. Interest income from client funding books and fixed deposits accounted for approximately 32% of total gross income.
The client funding book averaged ₹53 billion during the quarter, a 26.1% increase. Finance costs increased by 12.4% to ₹932 million, and net interest income grew by 4.6% to nearly ₹2.9 billion. The reported EBDAT margin was 34.5%, 1,270 basis points higher than Q1 FY’26.
Business Growth and Expansion
The company’s client base surpassed 34 million, with over 1.7 million new clients added during the quarter. Demat market share rose to 16.5%, and retail equity turnover market share increased by 71 bps to 20.5%. Average client funding book touched ₹53 billion, and clients executed over 360 million orders during the quarter.
Angel One registered nearly 2.4 million new SIPs, a growth of nearly 24% sequentially. Credit adoption also accelerated, with nearly ₹4.6 billion disbursed during the quarter, up 97% sequentially. Ionic Wealth’s AUM expanded to over ₹61 billion, and the asset management business launched its first commodity fund.
Strategic Initiatives and Future Plans
Angel One is entering a joint venture with LivWell Holding Company PTE Limited to launch a digital-led, pure protection life insurance offering, holding a 26% stake in the venture. It is also planning to set up a branch in GIFT City.
AI Integration and Platform Enhancements
The company launched Ask Angel, an AI-powered chatbot that has shown exceptional results with over 80% of users resolving queries without escalation and a 67% reduction in resolution time. Cross-widget discovery engine facilitates seamless navigation across mutual funds, loans, commodities and ETFs.
Source: BSE
