Mumbai, January 8, 2026 – Angel One Limited (NSE: ANGELONE, BSE: 543235) reported stable operational momentum in December 2025 and the December quarter of FY26, supported by continued expansion in its client base, resilient order activity, and strong growth in derivatives and commodity trading.
December 2025 Business Update
Angel One closed December 2025 with a total client base of 35.71 million, marking a 21 percent year-on-year increase and a 1.8 percent month-on-month rise. Gross client acquisition stood at 0.68 million, higher sequentially, though lower compared to the same period last year.The average client funding book remained robust at Rs 58.36 billion, reflecting a 43.3 percent year-on-year growth, despite a marginal month-on-month decline.
Order execution activity showed improvement, with 129.01 million orders executed during the month, up 10 percent month-on-month and 8 percent year-on-year. Average daily orders stood at 5.86 million.
Mutual fund engagement moderated, with 768,770 unique SIPs registered, up sequentially but lower on an annual basis.
Key Monthly Metrics – December 2025
| Particulars | Dec 2025 | Nov 2025 | Dec 2024 | MoM Growth | YoY Growth |
|---|---|---|---|---|---|
| Client Base (Mn) | 35.71 | 35.08 | 29.52 | 1.8% | 21.0% |
| Gross Client Acquisition (Mn) | 0.68 | 0.50 | 0.78 | 35.3% | -12.8% |
| Avg Client Funding Book (Rs bn) | 58.36 | 59.50 | 40.72 | -1.9% | 43.3% |
| Number of Orders (Mn) | 129.01 | 117.30 | 119.46 | 10.0% | 8.0% |
| Avg Daily Orders (Mn) | 5.86 | 6.17 | 5.69 | -5.0% | 3.1% |
Trading Turnover and Market Share
During December, Angel One’s overall average daily turnover based on notional turnover remained largely stable at Rs 53,374 billion, while turnover based on option premium increased 4.6 percent month-on-month and more than doubled year-on-year.Commodity trading continued to be a strong growth driver, with commodity average daily turnover rising 178 percent year-on-year to Rs 1,765 billion, reinforcing Angel One’s leadership position in this segment.
Retail market share based on option premium turnover in overall equity improved to 20.4 percent, while the F&O segment market share increased to 22 percent.
Q3 FY26 Performance Snapshot
For the December quarter, Angel One reported a 4.8 percent sequential growth in its client base to 35.71 million, representing a 21 percent year-on-year expansion. The average client funding book grew 10.4 percent quarter-on-quarter and 44.5 percent year-on-year to Rs 58.58 billion.Quarterly order volumes rose sequentially to 380.07 million, though they remained lower compared to the same quarter last year. Derivatives and commodities remained the key growth engines, with overall notional average daily turnover rising 22.8 percent quarter-on-quarter.
Key Quarterly Metrics – Q3 FY26
| Particulars | Q3 FY26 | Q2 FY26 | Q3 FY25 | QoQ Growth | YoY Growth |
|---|---|---|---|---|---|
| Client Base (Mn) | 35.71 | 34.08 | 29.52 | 4.8% | 21.0% |
| Avg Client Funding Book (Rs bn) | 58.58 | 53.05 | 40.53 | 10.4% | 44.5% |
| Number of Orders (Mn) | 380.07 | 360.43 | 421.68 | 5.4% | -9.9% |
| Avg Daily Orders (Mn) | 6.23 | 5.63 | 6.91 | 10.6% | -9.9% |
| Commodity ADTO (Rs bn) | 1,702 | 1,187 | 633 | 43.4% | 169.0% |
About the Company
Angel One Limited is a listed, technology-led financial services company offering a wide range of broking and investment solutions across equity, derivatives, commodities, mutual funds, and wealth management. The company is listed on the NSE and BSE and continues to expand its digital-first retail franchise across India.Source:
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