Powered by: Motilal Oswal
18/04/2023 11:40:38 AM | Source: Accord Fintech
Angel One surges on reporting 30% rise in Q4 consolidated net profit
News By Tags | #6943 #1302 #572
Angel One surges on reporting 30% rise in Q4 consolidated net profit

Angel One is currently trading at Rs. 1328.75, up by 54.50 points or 4.28% from its previous closing of Rs. 1274.25 on the BSE.

The scrip opened at Rs. 1331.10 and has touched a high and low of Rs. 1357.35 and Rs. 1315.45 respectively. So far 52956 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2022.00 on 29-Apr-2022 and a 52 week low of Rs. 1000.00 on 01-Mar-2023.

Last one week high and low of the scrip stood at Rs. 1357.35 and Rs. 1230.75 respectively. The current market cap of the company is Rs. 11078.14 crore.

The promoters holding in the company stood at 43.68%, while Institutions and Non-Institutions held 26.52% and 29.81% respectively.
 
Angel One has reported results for fourth quarter (Q4) and year ended March 31, 2023.

Angel One has reported rise of 30.81% in its net profit at Rs 264.57 crore for the quarter under review as compared to Rs 202.26 crore for the same quarter in the previous year. Total income of the company increased by 22.26% at Rs 825.13 crore for Q4FY23 as compared Rs 674.91 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported rise of 30.40% in its net profit at Rs 266.91 crore for fourth quarter ended March 31, 2023 as compared to Rs 204.69 crore for the same quarter in the previous year. Total income of the company increased by 21.59% at Rs 831.08 crore for Q4FY23 as compared Rs 683.49 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported 43.40% rise in its net profit at Rs 881.74 crore as compared to Rs 614.87 crore for the previous year. Total income of the company increased by 32.02% at Rs 3,001.68 crore for year under review as compared to Rs 2,273.58 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the company has reported 42.44% rise in its net profit at Rs 889.95 crore as compared to Rs 624.81 crore for the previous year. Total income of the company increased by 31.52% at Rs 3,021.12 crore for year under review as compared to Rs 2,297.12 crore for year ended March 31, 2022.

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here