Angel One Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 16, 2023 at 08:57 am
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Angel One Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported revenue was INR 7,596.6 million compared to INR 6,052.5 million a year ago. Net income was INR 2,279.82 million compared to INR 1,645.47 million a year ago. Basic earnings per share from continuing operations was INR 27.36 compared to INR 19.9 a year ago. Diluted earnings per share from continuing operations was INR 26.74 compared to INR 19.55 a year ago. Basic earnings per share was INR 27.35 compared to INR 19.89 a year ago. Diluted earnings per share was INR 26.73 compared to INR 19.54 a year ago.
For the nine months, revenue was INR 21,900.33 million compared to INR 16,136.28 million a year ago. Net income was INR 6,230.42 million compared to INR 4,201.11 million a year ago. Basic earnings per share from continuing operations was INR 74.89 compared to INR 51 a year ago. Diluted earnings per share from continuing operations was INR 73.2 compared to INR 50.08 a year ago. Basic earnings per share was INR 74.87 compared to INR 50.98 a year ago. Diluted earnings per share was INR 73.17 compared to INR 50.06 a year ago.
Angel One Limited is a full-service retail brokerage company. It is engaged in the business of stock, currency, and commodity broking, providing margin trading facilities, depository services and distribution of mutual funds to its clients. The Company also provides portfolio management services. The Company operates through Broking and related services segment. Its digital platforms include Angel One Super App, Angel One Trading, and Smart API. The Angel One Super App is a multifaceted, artificial intelligence (AI) -driven digital platform core journeys comprising educating about investing and trading across multiple asset classes like equities, commodities, currencies, mutual funds, and bonds. The Company's subsidiaries include Angel Financial Advisors Private Limited, Angel Fincap Private Limited, Angel Securities Limited, Angel DigiTech Services Private Limited, and Mimansa Software Systems Private Limited.