Fintech and broking firm Angel One Limited disclosed a 27.8% decrease in its consolidated net profit for the first quarter of FY27. The company’s net profit fell to Rs 231 crore from Rs 320 crore in the previous quarter. Revenue from operations also saw a 2.1% decline to Rs 1,430 crore compared to Rs 1,459 crore in the prior quarter.
Operating performance faced challenges during the quarter, with EBITDA dropping by 19% to Rs 485 crore from Rs 599 crore in the preceding quarter. The EBITDA margin shrank to 33.9% from 41%, indicating a contraction of 710 basis points. Angel One announced an interim dividend of Re 1 per equity share for FY27, with July 21 set as the record date for dividend eligibility.
Despite the profit dip, the company witnessed strong growth in key business metrics. The average client funding book surged by 45.9% year-on-year to Rs 61.4 billion. Credit distribution spiked by 129.7% to Rs 5.3 billion, and wealth management assets under management rose by 165.3% to Rs 134.4 billion as of June 2026. The firm closed the quarter with over 2,400 wealth management clients and saw asset management AUM climb by 81.4% to Rs 6.2 billion.
However, the number of unique systematic investment plans (SIPs) registered in the quarter decreased by 10.3% to 1.7 million.
