Angel One Ltd

Meeting Details

• 12 Aug 2026, 09:00 onward (HKT); Avendus Spark INDX-Asia Edition; One-on-one and group; Physical; Hong Kong.
• 17 Aug 2026, 10:00–15:00 IST; Motilal Oswal 22nd Annual Global Investor Conference; One-on-one and group; Physical; Mumbai.

Purpose

• Interacting with investors/analysts under SEBI LODR regulations; discussions based on public information.

Additional Notes

• Investor Presentation uploaded on the company website and with exchanges on July 15, 2026.
• Discussions will be based on publicly available information; UPSI not discussed.

Key Metrics

• Trading days in Jul '26: 23; MoM +9.5%, YoY flat.
• Client base: 39.03 million; MoM +1.1%, YoY +18.1%.
• Gross client acquisition: 0.47 million; MoM +4.0%, YoY -26.7%.
• Avg client funding book: ₹70.81 Bn; MoM +4.4%, YoY +39.4%.
• Number of orders: 134.68 million; MoM -3.8%, YoY +9.5%.
• Average daily orders: 5.86 million; MoM -12.2%, YoY +9.5%.
• Unique MF SIPs registered: 621.76k; MoM +10.1%, YoY -30.1%.
• Overall Notional Turnover ADTO: ₹48,787 Bn; MoM -7.9%, YoY +17.6%.
• F&O Notional Turnover ADTO: ₹46,889 Bn; MoM -6.4%, YoY +15.8%.
• SIP registrations rose to five-month high; overall equity market share 20.0%, MoM +12 bps.

Earnings call audio release

• Audio recording of the earnings call is now available on the investor relations financials page.

Meeting Details

• Date: July 16, 2026.
• Type: earnings call with analysts and investors (group call).
• Organizer: Angel One Limited.
• Purpose: discuss earnings and investor interaction.

Availability

• Audio recording of the earnings call is available on the company website.

Business overview

• Fintech platform offering broking, distribution, credit, wealth, and asset management.
• JV with LivWell Holdings for life insurance; AI-led ecosystem.
• Multi-product model drives lifecycle monetisation with data-driven AI insights.

Operational highlights

• Q1 FY27: 406 million orders; 20.2% retail equity turnover share.
• June 2026: demat market share 16.7%.
• Wealth AUM ₹134.4 Bn, +33% QoQ.
• Client funding book ₹71.5 Bn; average funding ₹61.4 Bn.
• 365k users; 1.7 million unique SIPs.
• Credit distributed ₹5.3 Bn; 151k credit users.

Financial performance

• Total income ₹14.34 Bn in Q1 FY27, +25.4% YoY.
• Total expenses ₹11.09 Bn; PAT ₹2.31 Bn; YoY PAT +102%.
• EBDAT around ₹3.60 Bn; margin ~44% in Q1 FY27.

Capital structure & liquidity

• Borrowings ₹63.6 Bn, down from ₹78.8 Bn.
• Cash and equivalents ₹140.4 Bn.
• Net worth ₹64.2 Bn.
• Client funding book ₹71.5 Bn.

Strategic priorities & outlook

• AI-led ecosystem across user and operating stack.
• Expand multi-product offerings; deepen wallet share.
• Cross-sell across lifecycle to improve LTV.
• FY26 transition to STARs pillars; ongoing AI product development.

Risks & mitigation

• Macro slowdown could dampen user activity and revenues.
• Credit risk mitigated by granular, collateral-backed book.
• IPL-related revenue impact noted; cost adjustments underway.

Governance & leadership

• Chairman and MD: Dinesh Thakkar; board includes independent directors.
• Key executives: Vineet Agrawal (CFO); Rohit Chatter (Chief AI Officer).

Business Overview

• Core: online wealth platform offering broking, mutual funds, wealth, credit, and asset management in India.
• Multi-product ecosystem with AI-enabled services spanning life stages.
• JV with LivWell for tech-led life insurance; assets under custody ₹1.7 trillion.
• 6 million users; 1.3 million gross acquisitions; platform assets under custody ₹1.7 trillion.

Key Operational Highlights

• Q1 FY27 standalone total income ₹14.3B; YoY +25.4%.
• Wealth AUM ₹134.4B, +33% QoQ.
• Credit distributed ₹5.3B; 151k credit users.
• Client funding book ₹71.5B; QoQ +31.3%.
• Orders: 406 million in Q1 FY27.
• Demat market share 16.7% (as of Jun 2026); retail turnover 20.2%.
• 365k+ platform users; 1.7M unique SIPs registered.
• UHNI AUM ₹87.3B; UHNI families 170 → 263.

Financial Performance

• Total income ₹14.3B; YoY +25%.
• EBDAT ₹3.6B; QoQ -23.9%; YoY +85.1%.
• PAT ₹2.7B; YoY +102.1%.
• Avg. client funding book ₹61.4B; QoQ +4.9%.

Capital Structure & Liquidity

• Borrowings ₹63.6B; down from ₹78.8B QoQ.
• Cash & equivalents ₹140.4B; down from ₹165.6B.
• Total assets ₹2,241.63B; net worth ₹64.19B.

Strategic Priorities & Outlook

• AI-driven onboarding, engagement, and compliance across stack.
• Expand multi-product offerings to deepen lifetime value.
• Scale credit via 7 lender integrations and LivWell insurance JV.
• Invest in STARs pillars; ~75% of code AI-enabled.

Risks & Mitigation

• Macro/market risk affecting broking volumes.
• Regulatory and data privacy risk; adherence to CSCRF and privacy governance.
• Forward-looking statements disclaimer and reliance on market conditions.

Governance & Leadership

• MD & Chair: Dinesh Thakkar; Group CEO: Ambarish Kenghe.
• CFO: Vineet Agrawal.
• Independent directors: Mala Todarwal; Krishnaswamy Sridhar; others.
• Chief Product Officer: Ankit Rastogi.