Angel One Limited — PPTs, 16-04-2025: Investor Presentation

**Financial Highlights:** In Q4 FY25, Angel One reported total net income of ₹8.3 bn, down 15.7% QoQ, and PAT of ₹1.7 bn, reflecting a significant 48.7% decline from the previous quarter. The company's total client base grew to 31.0 million, a QoQ increase of 5.1%. The EPS for the trailing twelve months stands at ₹130.0, with a book value of ₹624.5.

**Strategic Initiatives and Growth Drivers:** Angel One is expanding its business model to include wealth management, asset management, and third-party financial products. The firm seeks to capitalize on growth trends by diversifying its offerings, particularly in mutual funds and insurance.

**Business Developments:** Active client metrics reveal a 2.3% decrease QoQ to 7.6 million. Despite this, the company remains competitive, holding the third position in terms of NSE active clients, with market share in demat accounts rising to 16.1%.

**Market Position and Competitive Advantage:** With a significant share in India's demat market, Angel One is well-positioned to leverage its expansive client base, particularly from Tier 2 and Tier 3 cities, driving long-term growth.

**Investor Implications:** Though facing current market challenges, the firm maintains a positive outlook through strategic expansion into diverse financial services, which could unlock future growth opportunities for investors.