Why Did Angel One’s Q3 Profit Decline by 4% to Rs 269 Crore?
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Synopsis
Angel One Limited announced a 4% decline in its Q3 profit, amounting to Rs 269 crore. Despite this drop, the company experienced growth in various sectors, including a significant rise in revenue and client funding. The board approved an interim dividend and a stock split, showcasing a proactive approach amid market fluctuations.
Key Takeaways
- 4% YoY decline in consolidated net profit to Rs 269 crore.
- Revenue growth of 5.8%, reaching Rs 1,334.8 crore.
- Interim dividend of Rs 23 per share approved.
- Stock split in ratio of 1:10.
- Strong growth in wealth management sector.
Mumbai, Jan 15 (NationPress) The stock broking company Angel One Limited disclosed on Thursday a 4% year-on-year (YoY) contraction in its consolidated net profit, amounting to Rs 269 crore for the third quarter of FY26.
In conjunction with these financial results, the company’s board sanctioned an interim dividend of Rs 23 per share and approved a stock split in the ratio of 1:10, as per its filing with the stock exchange.
The revenue for this quarter surged by 5.8% YoY, reaching Rs 1,334.8 crore, compared to Rs 1,262.2 crore in the corresponding quarter of the previous fiscal year.
EBITDA saw a rise of 6.7%, climbing to Rs 529.1 crore from Rs 495.9 crore, while the EBITDA margin displayed a slight improvement, moving to 39.6% from 39.3% a year prior.
When evaluated on a quarter-on-quarter (QoQ) scale, Angel One exhibited robust growth. Consolidated gross revenue increased by 11.1% to Rs 1,337.7 crore in Q3 FY26, up from Rs 1,204.2 crore in Q2 FY26.
Consolidated EBDAT improved by 24.8%, reaching Rs 405 crore, with the margin escalating to 39.4% from 34.5% in the preceding quarter.
EBDAT from the broking and distribution sectors, including mutual funds and credit, experienced a 25.3% QoQ growth, totaling Rs 433.6 crore.
The margin in this particular segment rose to 43% from 37.7% in Q2 FY26.
Consolidated profit after tax ascended by 26.9% QoQ to Rs 268.7 crore, while profit from the broking and distribution sectors increased by 27.4% to Rs 301 crore.
Within the broking division, the client funding book expanded to Rs 5,860 crore as of December 2025, marking a 10.4% growth compared to the previous quarter.
In non-broking ventures, the unique SIP count reached 23 lakh during this quarter, while credit disbursements soared by 55.7% QoQ to Rs 710 crore.
The company’s wealth management sector also thrived, with assets under management increasing by 33.7% QoQ, totaling Rs 8,220 crore.
Point of View
I view Angel One's financial results as a reflection of the broader trends in the financial market. While the decline in profit may raise concerns, the overall growth in revenue and operational segments indicates resilience and adaptability, crucial for stakeholders in this dynamic environment.
NationPress
16/01/2026
Frequently Asked Questions
What caused Angel One's profit decline in Q3?
The 4% decline in Angel One's profit can be attributed to increased operational costs and market volatility, though the company has shown growth in other areas.
What is the interim dividend declared by Angel One?
Angel One's board has approved an interim dividend of Rs 23 per share.
How did Angel One's revenue perform this quarter?
The company's revenue rose by 5.8% year-on-year, reaching Rs 1,334.8 crore.
What is the significance of the stock split?
The stock split in the ratio of 1:10 is aimed at improving liquidity and making shares more affordable for investors.
How did the wealth management sector perform?
Angel One's wealth management sector saw a 33.7% increase in assets under management, totaling Rs 8,220 crore.
