Angel One Outperforms Peer Brokerages In Q3
Angel One beats peers on all fronts in the quarter ended December.
The profit and revenue of most listed brokerage houses rose in the quarter ended December, aided by a rise in business.
While ICICI Securities Ltd. and Angel One Ltd. either met estimates or beat them for profit and revenue, 5Paisa Capital Ltd. didn't meet them.
Here’s how the three brokers fared in the October-December period:
Revenue
The revenue of all the three companies rose in the third quarter, with Angel One reporting the highest year-on-year growth in percentage terms, driven by higher interest income and its broking segment. ICICI Securities' revenue grew the least over the preceding year.
Net Profit
While Angel One reported the highest profit growth in percentage terms, the metric fell the most for 5Paisa Capital.
Client Onboaring
Angel One added the highest number of clients during the quarter followed by ICICI Securities, which reported its highest-ever quarterly addition.
Shares of Angel One closed 2% higher on Tuesday, while ICICI Securities and 5Paisal Capital fell 0.5% and 1.8%. The benchmark S&P BSE Sensex closed 0.9% lower.