StockWatch
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Angel One Ltd

BSE: 543235

P/L Snapshot

Q2 FY27 · standalone

vs Q1 FY27·vs Q2 FY26
Revenue
1.4K
-0.9%+18.5%
Expenditure
912.67
-13.1%+5.5%
Net Profit
366.74
+35.5%+55.2%
OPM %
47.48%
+10.52pp+10.50pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
0.00406.52813.051.2K1.6KQ4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
Price Chart
Reports

Angel One Q2 FY27: consolidated PAT jumps 58% YoY to ₹335 Cr as NPM expands to 23.4%

broking · margin trading book · npm expansion

ResultsQ2 FY2715 Oct 20263 minFinancial Services

Growth momentum under test: can Angel One sustain 25%+ revenue growth and wealth AUM acceleration?

broking · wealth management · AUM growth

Result previewQ2 FY2709 Oct 20263 minFinancial Services

Strong YoY growth masks sequential softness; execution risks on new ventures

financialization · diversification · margin compression

TranscriptDeep diveQ1 FY2702 Aug 20266 minFinancial Services
Latest
Board Meeting15 Oct, 5:20 pm

Angel One Q2 FY27: consolidated PAT jumps 58% YoY to ₹335 Cr as NPM expands to 23.4%

Angel One's consolidated Q2 FY27 (quarter ended September 30, 2026) PAT came in at ₹334.97 Cr, up 58.2% YoY from ₹211.73 Cr and up 44.8% QoQ from ₹231.40 Cr — its strongest print since the regulatory-driven profit slump through FY26. Total income rose 18.9% YoY to ₹1,431.54 Cr, while revenue from operations was essentially flat QoQ at ₹1,426.99 Cr (-0.2%) against ₹1,429.69 Cr in Q1 FY27. Net profit margin expanded sharply to 23.4%, from 17.6% a year ago and 16.1% last quarter. Basic EPS was ₹3.67 versus ₹2.34 a year ago (split-adjusted). Standalone PAT was ₹366.74 Cr on revenue of ₹1,400.66 Cr — higher than the consolidated figure, with the gap reflecting continued investment-stage drag from Angel One Wealth, the AMC arm and other subsidiaries that consolidate into Group numbers; consolidated remains the primary basis here. Interest income — largely margin-funding interest — was the biggest swing factor, up 34.4% YoY to ₹510.03 Cr, as the consolidated loan book grew 55.2% since March 2026 to ₹7,958.23 Cr, funded by an 80.1% rise in debt securities to ₹5,318.88 Cr. That funding trade-off also pushed consolidated finance costs up 58.2% YoY to ₹147.46 Cr. Despite that, total expenses grew just 6.9% YoY to ₹973.04 Cr — well below 18.9% income growth — which is what drove the margin expansion: employee benefit expense actually fell 6.9% YoY to ₹255.51 Cr, and other expenses were roughly flat YoY at ₹344.33 Cr. Sequentially, other expenses fell 27.1% QoQ (₹472.57 Cr to ₹344.33 Cr), largely because the IPL sponsorship cost (₹136.66 Cr booked over H1 FY27 per the filing's notes) front-loads into Q1, flattering the Q2 opex base. No street consensus PAT estimate for this specific quarter could be confirmed via search, unlike some past quarters with hard brokerage previews — vsStreet is recorded as unknown rather than guessed. No management press release was available in our records to quote directly for this result. Against the qualitative guidance from the July 16, 2026 concall — sustained profitable growth via ecosystem expansion into wealth, credit and asset management, while maintaining "healthy operating margins (43-45% adjusted)" — this quarter's NPM expansion to 23.4% and 58% YoY PAT growth is directionally consistent, though the company's own 43-45% "adjusted operating margin" band uses a metric not disclosed in this filing and cannot be independently verified here. Client base grew 17.3% YoY to 39.98 Mn per the October 6 business update, even as gross additions, SIP registrations and average daily turnover softened in the same update — a client-engagement-versus-activity divergence worth watching. The board also declared a second interim FY27 dividend of ₹1.40/share (record date October 22, 2026), the company's second payout this fiscal year, alongside the results.

15 Oct 2026, 05:20 pm

Corporate Events

DividendANGELONE
2026
22Oct

₹1.4 / share

BSE Filing ↗
DividendANGELONE
2026
22Oct

Dividend

BSE Filing ↗
Board MeetingANGELONE
2026
15Oct

Board Meeting

To consider and approve the unaudited standalone and consoli…

BSE Filing ↗
DividendANGELONE
2026
21Jul

₹24.75 / share

BSE Filing ↗
DividendANGELONE
2026
21Jul

₹1 / share

BSE Filing ↗
DividendANGELONE
2026
21Jul

Dividend

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Board MeetingANGELONE
2026
15Jul

Board Meeting

The Board of Directors meeting is scheduled to consider and …

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Board MeetingANGELONE
2026
12Jun

Board Meeting

The 30th Annual General Meeting will be held to adopt financ…

BSE Filing ↗
Board MeetingANGELONE
2026
16Apr

Board Meeting

To consider and approve standalone and consolidated audited …

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DividendANGELONE
2026
27Mar

₹1.75 / share

BSE Filing ↗
Board MeetingANGELONE
2026
20Mar

Board Meeting

Board of Directors will consider declaration of the 2 interi…

BSE Filing ↗
Stock SplitANGELONE
2026
26Feb

Stock Split

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Board MeetingANGELONE
2026
15Jan

Board Meeting

Consider and approve Intimation of Board Meeting to be ... a…

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Board MeetingANGELONE
2025
15Oct

Board Meeting

Consider and approve Intimation of Board Meeting, Consider a…

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Board MeetingANGELONE
2025
16Jul

Board Meeting

Intimation of Board Meeting to investors, closure of trading…

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Board MeetingANGELONE
2025
16Apr

Board Meeting

Consider and approve the recommendation of final dividend fo…

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DividendANGELONE
2025
20Mar

₹11 / share

BSE Filing ↗
DividendANGELONE
2025
21Jan

₹1 / share

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Board MeetingANGELONE
2025
13Jan

Board Meeting

Update on board meeting, unaudited standalone and consolidat…

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Board MeetingANGELONE
2024
14Oct

Board Meeting

Consider and approve unaudited standalone and consolidated f…

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Board MeetingANGELONE
2024
15Jul

Board Meeting

Consider and approve Intimation of Board Meeting, consider a…

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DividendANGELONE
2024
23Jan

₹12.7 / share

BSE Filing ↗
DividendANGELONE
2023
20Oct

₹12.7 / share

BSE Filing ↗
Board MeetingANGELONE
2023
9Aug

Board Meeting

internal restructuring between group companies

BSE Filing ↗