Angel One Limited announced the release of its Investor Presentation for Q4 FY25 on April 16, 2025.
The presentation highlights strong growth trajectories, including:
Expanding boundaries: ~31 million clients added since FY20, with ~90% from Tier 2, 3 & beyond cities.
Attaining leadership: +1,168 bps expansion in demat market share since FY20 to reach 16% in FY25.
Client activity: ~67% CAGR in annual orders over FY20-25, reaching 1.7 billion orders in FY25.
Financial prudence: >68% CAGR in PAT, reaching ₹ 12 billion in FY25.
Key Q4 FY25 performance metrics include:
Total Client Base: 31.0 million (+5.1% QoQ).
NSE Active Client Base: 7.6 million (-2.3% QoQ).
Number of Orders: 327 million (-22.4% QoQ).
Total Net Income: ₹ 8.3 billion (-15.7% QoQ).
Share in India’s Demat Accounts: 16.1% (+19 bps QoQ).
Share in NSE Active Client Base: 15.4% (-6 bps QoQ).
Share in Retail Overall Equity Turnover: 19.9% (-16 bps QoQ).
PAT For The Period: ₹ 1.7 billion (-38.0% QoQ).
Share in India’s Incremental Demat Accounts: 21.0% (+50 bps QoQ).
Assets Under Custody: ₹ 1.2 trillion.
Final Dividend: ₹ 26.0 Per Share.
The company is strategically diversifying to build a holistic financial services play, including:
Distribution of 3rd Party Financial Products (Mutual Funds, Insurance, IPOs).
New Business Opportunities (Credit Products, Fixed Income Products).
AMC (Passive Mutual Funds).
Wealth Management (PMS & AIF).
Angel One AMC launched 3 schemes and achieved ₹ 740 million in AUM, covering 8.8k pincodes.
Ionic Wealth is redefining wealth management with an omni-channel platform and diverse product offerings.
The company is diversifying future revenue via distribution, including Mutual Funds, Credit, Fixed Income, and Insurance, evolving its Super App.
Credit distribution has reached ~₹ 7.0 billion in cumulative disbursements till March 2025.
The presentation emphasizes sustainable revenues from clients and consistent total net income from every cohort.
Client demography is focused on younger clients from Tier 2, 3 & beyond cities.
Growth opportunities are being explored in manufacturing, distribution, wealthtech, broking adjacencies, content & learning platforms, and talent/IP acquisition.
India's market is highlighted as under-penetrated, offering huge growth opportunities, with digital brokers driving penetration.
Regulations are seen as strengthening guardrails and building retail confidence.
Consolidated financial performance for Q4 FY25 shows Gross Revenues of ₹ 10.58 billion and Profit After Tax of ₹ 1.75 billion.
Gross Broking Revenue mix and Broking & Distribution EBDAT margins are detailed for Direct and Assisted businesses.
Client Funding Book size is mentioned at ₹ 38.59 billion with low per client exposure and negligible NPAs.