Angel One, a prominent financial services provider in India, reported a remarkable 84% year-on-year increase in profit after tax, reaching ₹320 crore for the March quarter. This growth was fueled by heightened client activity and effective monetization strategies, with total gross revenue climbing to ₹1,467 crore, reflecting a 39% YoY increase. The company achieved a six-quarter high in client orders, totaling 43.1 crore, and expanded its client base to 3.74 crore, capturing 16.7% of India's demat accounts.

Despite a slight decline in cash segment activity, the derivatives and commodities sectors experienced robust growth. Angel One's wealth management assets under management (AUM) surged 23% sequentially to ₹10,080 crore, indicating a strong market position. However, credit disbursals saw a 14.7% sequential decline, suggesting a cooling in lending activities. Management attributed the strong performance to a normalization in client activity and the increased adoption of digital platforms, alongside investments in AI technologies to enhance customer experience and operational efficiency. Angel One is evolving into a comprehensive digital financial platform, expanding its services beyond broking into wealth and asset management.