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Angel One Limited (BSE: 543235) (NSE: ANGELONE), announceditsunaudited consolidated financial results for the quarter and nine months ended31 st Dec2023

Commenting on Angel One’s performance, Mr. Dinesh Thakkar, Chairman&ManagingDirector said, ”Angel One has always focused its efforts to offer clients themostsuitableproducts, in a seamless and efficient manner, by harnessing the power of dataandtechnology. Our digital assets are continuously evolving, enriched with innovativefeaturesto ensure an unparalleled investing experience. We undertook process improvements,toease the onboarding experience and incorporated some unique features, for bothnewandexperienced clients, thus simplifying their investment journey on the app. Thesefocusedefforts yielded into sustained improvement in our NPS and Playstore and Appstorerankings.

It is through such exceptional experiences, that clients choose to remainengagedonourplatform, over the long-term. This has led to constant expansion in our market share, acrossmultiple metrics and maintain very robust unit economics. A testimony to theeffectivenessof our Super App strategy, is clearly visible from our accomplishment in distributingMutualFunds, as we continue to be India’s second largest player for incremental registeredSIPs.We are in the process of expanding our offerings to partner with our clientsateveryimportant phase of their lives, as we extend our touchpoints in distributingcreditandfixedincome products.

Our sustained growth is a testament to the success of our data-driven strategy, aswereapbenefits of vast pool of data and leverage it to create models using complex algorithms.Thisequips us to swiftly adapt to market shifts, thus ensuring our strategies remain agileand responsive.

We sharpened focus on our content strategy, forming the bedrock to engageand educate people about various financial products. We will leverage social media, communities and users to promote awareness, and will be rolling out multiple content initiatives.

I am delighted with our historic performance in Q3 ‘24, as we acquired morethana million clients in a month and 2.5 million clients in a quarter for the first time, accounting for nearly a quarter of the industry’s net client addition.

In line with our established dividend policy, the Board of Directors has approved the distribution of 41% of the quarter's profit as a third interimdividend, reaffirmingourcommitment to delivering value to our shareholders.

Business Performance at a Glance:

Turnover Market Share

* Client Addition & Client Base

Highest ever clients added in a quarter at 2.5 mn, a growth of 16.2%on QoQ basis

Client base stood at nearly 19.5 mn, a growth of 14.0% on QoQ basis

* Average Daily Turnover (ADTO) ? 36.0 trillion in Q3 ‘24 vs ? 29.6 trillion in Q2 ‘24, a growth of 21.4%on QoQbasis

* Consolidated Total Gross Revenues ? 10,608 mn in Q3 ‘24 vs ? 10,493 mn in Q2 ‘24, a growth of 1.1%on QoQ basis

* Consolidated EBDAT ? 3,641 mn in Q3 ‘24 vs ? 4,185 mn in Q2 ‘24, a decline of 13.0%on QoQ basis EBDAT Margin (as % of Net Income) stood at 44.0% in Q3 ‘24

* Consolidated Profit After Tax From Continuing Operations ? 2,603 mn in Q3 ‘24 vs ? 3,045 mn in Q2 ‘24, a decline of 14.5%on QoQ basis

* Dividend The Board of Directors has recommended a dividend of ? 12.7 per equity shareof?10/-each, as an interim, equivalent to 41% of consolidated profit after tax for thequarter

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