Angel One Limited — Investor Meet, 21-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Angel One reported strong Q3 FY26 results: gross income rose 11.1% QoQ to ₹1,340 Cr, and PAT increased 26.9% to ₹270 Cr, with EBDAT margin at 39.4%. Revenue diversification is a key trend, with interest and distribution income gaining share.

Operational highlights: client funding book grew 10.4% QoQ to ₹5,860 Cr, commodity ADTO hit ₹170,000 Cr, and Ionic Wealth AUM was up 34% QoQ to ₹8,217 Cr. Credit disbursements reached ₹710 Cr for the quarter.

Management noted a temporary finance cost rise due to regulatory changes, expected to normalize. They affirmed focus on AI, new business growth, and 40-45% standalone operating margins, projecting a confident path of disciplined execution.