Angel One Limited — Important, 06-01-2025: Monthly Business Updates

Angel One has shared its monthly business update for December 2024 and Q3 FY25, showcasing mixed performance metrics. The client base grew 2.6% month-over-month (MoM) to 29.52 million, reflecting a significant 51.7% increase year-over-year (YoY). However, gross client acquisition dropped 25.9% YoY, totaling 0.78 million for December. The average client funding book rose to Rs. 40.72 billion, marking a strong 121.5% YoY growth.

Trading activity saw a decline with an average daily orders drop of 21.8% MoM and 17.1% YoY, totaling 5.69 million orders. The overall Average Daily Turnover (ADTO) based on notional turnover decreased significantly by 32% MoM. Interestingly, the unique mutual fund SIPs registered increased by nearly 99% YoY, indicating a positive development in client engagement.

Despite the mixed trends, the growth in client base and funding points towards long-term potential. Investors should watch closely for how the company addresses declining trading volumes and acquisition metrics.