Angel Broking Q1 Review - Business Momentum Continues: ICICI Securities
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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).
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