Angel One Limited — PPTs, 16-07-2025: Investor Presentation

Here's a summary of the attached investor presentation:

**1. Financial Highlights:**

Q1 FY26 Gross Income: ₹1,143.1 Cr. Reported PAT: ₹114.5 Cr (Normalised: ₹192.2 Cr, excluding one-offs). Normalised EBDAT margin: 34.3%. Client Funding Book grew to ₹4,787.6 Cr (+16.9% QoQ). Wealth Management AUM: ₹5,060 Cr; Asset Management AUM: ₹340 Cr.

**2. Strategic Initiatives & Growth Drivers:**

Angel One is evolving as a full-stack fintech platform, using AI/ML for client engagement and lifetime value. Strategic product expansion into Mutual Funds, Credit, Wealth, and Asset Management. The focus is on intelligence-driven journeys and ecosystem lock-in for client retention.

**3. Business Developments:**

Total Client Base hit 32.5 Mn (+4.7% QoQ), with 1.5 Mn new clients acquired. Total orders grew to 343 Mn (+4.8% QoQ). Credit disbursals surged 123.6% QoQ to ₹230 Cr. Unique SIPs registered reached 1.9 Mn, solidifying market leadership.

**4. Market Position & Competitive Advantage:**

The company holds strong market shares: Demat accounts (16.3%), NSE Active Client Base (15.3%), and Overall Retail Equity Turnover (19.7%). As a tech-first leader, it capitalizes on India's under-penetrated, young market. Its robust fintech model and regulatory environment bolster trust and growth.

**5. Investor Implications:**

Angel One exhibits positive growth potential, driven by its diversified fintech strategy and significant market share gains. Consistent client acquisition and expanding offerings like credit suggest sustainable revenue streams. Normalised profitability trends point to a healthy underlying business, positioning it as a key player in India's financialization journey.