Angel One

Angel One, a leading retail brokerage and wealth management firm, reported a 4.5% decline in net profit for Q3, registering Rs 269 crore, down from Rs 281.5 crore in the corresponding quarter last year. The marginal drop reflects subdued trading volumes in equities and derivatives, coupled with increased operational costs. Despite the slowdown, the company’s focus on expanding its digital trading platform and diversified revenue streams, including advisory and distribution services, continues to drive long-term growth.

Stockbroking major Angel One Ltd. has settled a regulatory case with the Securities and Exchange Board of India (SEBI) concerning lapses in mandatory disclosures. The resolution, achieved through SEBI’s settlement mechanism, involved the company paying a monetary fee to close the matter without admission or denial of guilt.

Motilal Oswal has reiterated a BUY rating on Angel One Ltd., despite recent headwinds in customer acquisition costs and a sequential dip in earnings. The firm has revised its price target to Rs 2,800, reflecting a potential 19% upside from the current market price of Rs 2,356. While Q4 FY25 results were weaker than expected due to F&O regulations and muted market activity, management remains optimistic about a rebound in FY26, with normalized margins and steady growth from digital investments.