Angel One shares are up 2% as its February business update shows its customer base is up 21%. Check details

Shares of Angel One rose as much as 2.2% to the day’s high of Rs 230 on the BSE on Friday after its customer base increased to 36.93 million from 30.58 million in the previous year, registering a growth of 20.8% year-on-year. Gross customer acquisition also increased from 0.49 million to 0.57 million, reflecting a 17.8% increase year-over-year.The average customer finance portfolio grew significantly from Rs 40.53 billion to Rs 59.33 billion, registering a 46.4% year-on-year growth. Trading activity also increased during the period, with total orders rising from 99.27 million to 144.01 million, an increase of 45.1% year-on-year.

Average daily orders rose to 6.86 million, compared to 4.96 million previously, reflecting a 38.25% increase year-over-year.Angel One’s average daily turnover (ADTO) based on notional turnover stood at Rs 55.74 lakh crore in February, compared to Rs 29.59 lakh crore a year ago, reflecting an increase of 88.4% year-on-year. The figure fell 13% sequentially from Rs 64.08 lakh crore in January.

Within these figures, F&O ADTO stood at Rs 54.13 lakh crore, up 87.4% year-on-year but down 13.3% month-on-month.

Based on option premium turnover, total ADTO stood at Rs 1.78 lakh crore, compared to Rs 0.83 lakh crore a year earlier, registering a growth of 113.5% year-on-year. F&O premium revenue stood at Rs 0.164 lakh crore, up 36.7% year-on-year.

In other segments, cash ADTO stood at Rs 0.078 lakh crore, up 28.3% year-on-year, while commodity ADTO stood at Rs 1.535 lakh crore, more than doubling from Rs 0.651 lakh crore a year earlier.

Angel One Q3 snapshot

The company reported a 4% year-on-year decline in consolidated net profit at Rs 269 crore for the quarter ended December 2025.

Subsequently, revenue rose 11% to Rs 1,336 crore, compared to Rs 1,204 crore in the September quarter, driven by increased market participation, improved customer activity and stronger contributions from non-brokerage verticals such as distribution, credit and asset management.

Earnings before depreciation, amortization and taxes (EBDAT) stood at Rs 405 crore, up 24.8% quarter-on-quarter from Rs 325 crore. EBDAT margin increased to 39.4% from 34.5% in Q2FY26, supported by higher operating leverage and improved cost efficiency.

The brokerage and distribution segment, which includes mutual fund and lending businesses, reported an EBDAT of Rs 434 crore for the quarter, marking a sequential increase of 25% from Rs 346 crore in the second quarter.

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