Angel One Limited — Investor Meet, 23-10-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Angel One reported strong Q2 FY26 with gross revenue up 5.3% QoQ to ₹ 1,200 Cr and PAT grew 85% QoQ to ₹ 210 Cr. Client base expanded to 34 million (+1.7 million new clients), pushing Demat market share to 16.5% and retail equity turnover to 20.5%. Credit disbursals surged 97% QoQ to ₹ 460 Cr. Management launched an AI chatbot "Ask Angel," announced a life insurance joint venture with LivWell (26% stake in a ₹ 400 Cr venture), and plans a GIFT City branch. The company remains focused on achieving a 40-45% operating margin exit, confident in long-term growth and tech-led financial expansion.