Angel One Q4 Results | Net profit rises 27%, revenue jumps 64%

Fintech player Angel One Ltd on Wednesday (April 17) reported a 27.3% year-on-year (YoY) growth in net profit at ₹340 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, Angel One posted a net profit of ₹267 crore, the company said in a regulatory filing.

The company’s revenue from operations jumped 64.3% to ₹1,357.2 crore against ₹826 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA increased 37.2% to ₹529.7 crore in the fourth quarter of this fiscal over ₹386 crore in the year-ago period.

The EBITDA margin stood at 39% in the reporting quarter compared to 46.7% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

Shares of Angel One Ltd ended at ₹2,851.65 on Tuesday, April 16, up by ₹15.15, or 0.53%, on the BSE.