Angel Broking Q1 Review - Business Momentum Continues: ICICI Securities
Computer keyboards and screens used for trading on the financial markets are seen on a trader’s desk. (Photographer: Chris Ratcliffe/Bloomberg)

Angel Broking Q1 Review - Business Momentum Continues: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Angel Broking Ltd. has successfully maintained its business momentum in Q1 FY22 with 99%/19% YoY/QoQ profit after tax growth.

Flat fee revenues have grown 21% QoQ to Rs 1.6 billion in Q1 FY22 compared to Rs 3.3 billion in FY21.

Traditional revenues were Rs 503 million in Q1 FY22 compared to Rs 2.1 billion in FY21.

The authorised person driven segment revenue grew 7% QoQ to Rs 527 million compared to Rs 1.6 billion in FY21.

Margin trading funding net interest income was Rs 469 million in Q1 FY22 compared to Rs 1.4 billion in FY21.

Angel Broking also declared first interim dividend of Rs 5.15 per share (total dividend of Rs 12.9 per share in FY21).

Click on the attachment to read the full report:

ICICI Securities Angel Broking Q1FY22 Results Update.pdf

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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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