FY24 Q1 Results By Angel One Ltd
Angel One Limited (formerly known as Angel Broking Ltd) (BSE: 543235) (NSE: ANGELONE), announced its Unaudited consolidated financial results for the quarter and year ended 30th June 2023.
Commenting on Angel One’s performance, Mr. Dinesh Thakkar, Chairman & Managing Director said, ”Angel One continues to deliver a strong performance, as we surpassed the 15 million clients’ mark, achieved our highest ever market share across retail overall equity turnover and NSE active clients.
We continued to invest in technology and product, as we refine client experience on all our digital platforms, roll out key functionalities and enhancements regularly. This led to a significant improvement in overall NPS, to a historic high. I am happy to share that Angel One features in the Top-15 club of free finance apps across Playstore and Appstore, as we compete with banking, payment, lending and wealth apps.
As a dominant retail focused Fintech platform, we are expanding our financial services playbook. Our direct mutual fund journey on the Super App met with resounding success as we witnessed a 4-fold growth in registered SIPs, to become amongst top 2 players in India, in terms of incremental registered SIPs. We are in the process of building partnerships to operationalise the distribution of consumer credit products during the current year.
We are augmenting our data analytics capabilities to harness the benefit of big data through our AI/ML capabilities and leverage on the huge data lake. We plan to utilize this strength to cover our vast affiliate channel and build greater efficiencies there.
In our pursuit to become India’s most trusted and preferred Fintech brand, we will continuously explore opportunities that are synergic to this objective. In this context, we are also exploring inorganic acquisition and partnership opportunities, which could enhance and complement our existing and future offerings.
It gives me great pleasure to announce that we have been ranked 52nd amongst top 100 Best Companies to Work for in India, by the “Great Place to Work” Institute, besides topping the Fintech Category and also being amongst top 25 in BFSI sector.”
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.angelone.in/
SEBI Regn. No.: INZ000161534
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Tag News
Quote on Silver : Silver price falls in recent weeks Says Prathamesh Mallya, Angel One