Mumbai, January 15, 2026: Angel One Limited reported its unaudited consolidated financial results for the quarter ended December 31, 2025, showing a year-on-year decline in net profit despite an increase in total income, primarily due to higher operating expenses.
Q3 FY26 Financial Performance
For the December quarter, Angel One recorded total income of ₹13,376.97 million, compared with ₹12,637.96 million in the corresponding quarter of the previous year. Revenue from operations increased to ₹13,348.96 million, up from ₹12,622.06 million in Q3 FY25.Net profit for the quarter stood at ₹2,686.64 million, lower than ₹2,814.66 million reported in the same period last year.
Consolidated Results Comparison
| Particulars (₹ million) | Q3 FY26 | Q3 FY25 |
|---|---|---|
| Revenue from operations | 13,348.96 | 12,622.06 |
| Total income | 13,376.97 | 12,637.96 |
| Total expenses | 9,641.54 | 8,764.76 |
| Profit before tax | 3,734.36 | 3,873.20 |
| Profit after tax | 2,686.64 | 2,814.66 |
Income Breakup
During the quarter, interest income increased to ₹4,408.62 million from ₹3,493.86 million a year earlier. Fees and commission income was reported at ₹8,895.84 million, compared with ₹9,052.64 million in Q3 FY25. Net gain on fair value changes declined to ₹44.50 million from ₹75.56 million.Other income stood at ₹28.01 million, higher than ₹15.90 million reported in the same quarter last year.
Expense Profile
Total expenses rose to ₹9,641.54 million from ₹8,764.76 million in the year-ago period. Employee benefit expenses increased to ₹2,743.15 million, compared with ₹2,373.22 million last year. Finance costs were reported at ₹1,270.96 million, up from ₹835.24 million. Other expenses amounted to ₹3,470.71 million, against ₹3,344.02 million in Q3 FY25.Nine-Month Performance
For the nine months ended December 31, 2025, Angel One reported total income of ₹36,849.88 million, compared with ₹41,898.28 million in the corresponding period last year. Profit after tax for the nine-month period stood at ₹5,948.62 million, lower than ₹9,975.60 million reported in the same period a year ago.Nine-Month Consolidated Snapshot
| Particulars (₹ million) | 9M FY26 | 9M FY25 |
|---|---|---|
| Total income | 36,849.88 | 41,898.28 |
| Total expenses | 28,530.11 | 28,336.04 |
| Profit after tax | 5,948.62 | 9,975.60 |
About the Company
Angel One Limited is a listed financial services company engaged in stock broking and related financial services, offering equity, derivatives, commodities, currency trading, and investment products through its digital platforms across India.Source:
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