Angel One Announces Q4 FY26 Results, Reports Growth Across Core and Emerging Businesses

Angel One Announces Q4 FY26 Results, Reports Growth Across Core and Emerging Businesses​

Angel One Limited, a leading FinTech platform, announced its audited consolidated financial results for the quarter and year ended March 31, 2026. The company reported key metrics demonstrating growth in client activity and revenues across its broking and distribution segments.

Business Performance Highlights​

For the fourth quarter of fiscal year 2026 (Q4 '26), Angel One recorded significant increases in its top-line metrics compared to the preceding quarter (Q3 '26).

Consolidated Total Gross Revenues grew 9.7% on a Quarter-on-Quarter (QoQ) basis, reaching ₹ 14,672 million in Q4 '26 from ₹ 13,377 million in Q3 '26.

The consolidated EBITDA (EBDAT) saw a QoQ increase of 16.7%, standing at ₹ 4,728 million in Q4 '26, up from ₹ 4,050 million in Q3 '26. The EBDAT Margin, relative to Total Net Income, was reported at 41.7% in Q4 '26, compared to 39.4% in Q3 '26.

Analyzing the core broking segment, the EBDAT for Broking & Distribution (MF + Credit) Businesses reached ₹ 4,996 million in Q4 '26, marking a 15.2% QoQ growth from ₹ 4,336 million in Q3 '26. The EBDAT Margin for this segment improved to 44.6% in Q4 '26 from 43.0% in Q3 '26.

Consolidated Profit After Tax (PAT) increased by 19.2% QoQ, arriving at ₹ 3,202 million in Q4 '26, compared to ₹ 2,687 million in Q3 '26. The PAT from the Broking & Distribution (MF + Credit) Businesses stood at ₹ 3,514 million in Q4 '26, up 16.7% QoQ from ₹ 3,010 million.

Operational Metrics and Market Share​

In terms of trading activity, the total number of orders processed showed robust growth. Orders recorded in Q4 '26 were 431 million, up 13.3% QoQ from 380 million in Q3 '26. F&O orders increased 15.7% to 320 million, while Commodity orders saw the highest growth, rising 21.8% to 43 million.

The company's market share metrics also reflected varied performance across segments:

• Overall Equity Turnover: Angel One maintained a 20.4% share in Q4 '26 (Q3 '26: 20.4%, QoQ Change: -4 bps).
• F&O Turnover: The share grew by 51 bps, reaching 22.2% in Q4 '26.
• Commodity Turnover: The share showed a 100 bps increase, capturing 54.1% of the turnover.

Growth in Wealth and Client Base​

The non-broking segments continued to demonstrate expansion, particularly in Wealth Management. As of March 2026, the Asset Under Custody (AUM) stood at ₹ 100.8 billion, representing a 22.7% Quarter-on-Quarter increase. The client base for Wealth Management expanded to over 1,900 clients.

The company also noted the following specific operational figures:

• Average Client Funding Book remained stable at ₹ 58.5 billion in Q4 '26.
• Credit disbursal in Q4 '26 was ₹ 6.1 billion, marking a de-growth of 14.7% QoQ.
• In the Asset Management segment, Angel One launched two new schemes in Q4 '26, bringing the total number of schemes to 11.

Industry Leadership Commentary​

Commenting on the company's performance, Dinesh Thakkar, Chairman & Managing Director, stated that India's financial participation continues to deepen, driven by rising financial awareness and strong adoption of digital platforms. He noted that the business performance reflected an improvement in client activity, average daily orders, and operating margins returning to the guided range.

Ambarish Kenghe, Group CEO, highlighted the strong overall performance in Q4 FY26, noting that gross revenues grew by approximately 39% Year-over-Year (YoY). Kenghe attributed the performance to the normalization of client activity, stating that average daily orders reached 7.4 million in March '26, contributing to 431 million total orders for the quarter, marking a six-quarter high.

He emphasized the deep integration of AI across various initiatives, including automating grievance email and internal data analyst agents, enhancing the overall client experience. Furthermore, Kenghe pointed out the strong momentum in Wealth Management, where AUM reached approximately ₹ 101 billion, showing a 23% QoQ growth.

ANGELONE Stock Price Movement​

Shares of Angel One Limited today slipped by 1.63% to close at ₹292.61. The equity settled with a drop of ₹4.84, following significant trading activity with 14.44 million shares traded throughout the session.

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