Highlights

• Angel One shares gained over 3% following improved quarterly financial performance.
• Revenue, EBDAT, and profit recorded sequential growth in Q4 FY26.
• Client activity and order volumes showed recovery during the quarter.

Shares of Angel One Limited (NSE:ANGELONE) were trading at ₹301.83, up ₹9.22 or 3.15% as of April 17, 2026. The stock opened at ₹302.00 and moved within a range of ₹298.00 to ₹305.61 during the session.

The VWAP stood at ₹301.26, indicating trading activity around current levels. The price movement reflects market reaction to quarterly performance updates.

Q4 FY26 Financial Performance

The company reported consolidated gross revenue of ₹14,672 million in Q4 FY26, marking a 9.7% quarter-on-quarter increase.

EBDAT stood at ₹4,728 million, up 16.7% QoQ, while EBDAT margin expanded to 41.7% from 39.4% in the previous quarter.

Profit after tax (PAT) came in at ₹3,202 million, rising 19.2% QoQ. Performance in the broking and distribution segment also showed improvement, with segment PAT growing 16.7% sequentially.

Business Activity and Client Metrics

Order activity improved during the quarter, with total orders reaching 431 million, reflecting a 13.3% QoQ increase. The F&O segment recorded a 15.7% rise, while commodity orders grew 21.8%.

The total client base expanded to 37.4 million, up 4.7% sequentially. Gross client acquisition stood at 1.8 million during the quarter.

Assets under custody were reported at ₹1.4 trillion, while wealth management AUM rose 22.7% QoQ to ₹100.8 billion.

Segment Performance Trends

The company’s broking and distribution businesses continued to contribute significantly to earnings, with EBDAT of ₹4,996 million in Q4 FY26.

In the non-broking segment, credit disbursal stood at ₹6.1 billion, reflecting a decline of 14.7% QoQ. Unique SIP registrations came in at 2.1 million during the quarter.

Asset management AUM stood at ₹3.6 billion, while two new schemes were launched during the quarter.

Market Share and Operational Metrics

Retail market share in overall equity segment remained stable at 20.4%, while F&O market share improved to 22.2%. Commodity segment share increased to 54.1%.

Average daily turnover on a premium basis stood at ₹1.9 trillion, reflecting changes in trading activity during the period.

Management Commentary

Dinesh Thakkar said, “India’s financial participation continues to deepen, driven by rising financial awareness, a young population entering formal markets at scale and strong adoption of digital platforms. Angel One is proactively aligning to this shift through disciplined execution, strengthening its core business while scaling new growth engines.”

Ambarish Kenghe said, “Q4 FY26 marked a very strong overall performance with our gross revenues growing by ~39% YoY, EBDAT margin expanding to ~42% and Profit after Tax increasing by 83% YoY to ₹ 3.2 billion, driven by normalisation of client activity.”

Key Risks

• Dependence on market trading volumes may impact revenue consistency.
• Decline in credit disbursal could affect non-broking growth.
• Market volatility may influence client activity and order volumes.
• Competitive pressure in broking space may affect market share.

Summary

Angel One shares moved higher following its Q4 FY26 performance, supported by sequential growth in revenue, profitability, and order volumes. Client activity showed improvement, while wealth management assets expanded during the quarter. Despite positive operational trends, certain segments such as credit disbursal saw a decline, and overall performance remains linked to market activity levels and investor participation trends.

FAQs

What was Angel One’s Q4 FY26 revenue?
The company reported gross revenue of ₹14,672 million, up 9.7% quarter-on-quarter.

How much profit did Angel One report in Q4 FY26?
Profit after tax stood at ₹3,202 million, rising 19.2% sequentially.

What is Angel One’s total client base?
The company’s client base reached 37.4 million during Q4 FY26.