Angel One Limited (ANGELONE) Earnings Call Transcripts

Angel One Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Angel One Limited reported a strong performance with revenue reaching INR 14.7 billion, a sequential growth of 9.7%, and net income of INR 11.3 billion, up 10.4% sequentially. The company achieved a notable increase in average daily orders, which rose to 431 million, marking a six-quarter high. Management maintained a positive outlook, indicating that client engagement and platform activity are expected to continue improving, supported by a capital infusion of up to INR 1.5 billion each into Wealth Management and the NBFC platform to scale these businesses further.

Reported metrics

Guidance from management

Management expects continued improvement in trading activity and client engagement, with a focus on scaling emerging businesses. They have proposed a capital infusion of up to INR 1.5 billion each into Wealth Management and NBFC platforms.

What management said

We don't guide on the monthly active users, Swarnabha, but we are continuing to add -- what we do disclose is that we are continuing to add new users. We do disclose our client acquisitions. In fact, we disclose that every month. So we are continuing to have a healthy mix and MAU in general is continuing to go up. When the markets, and you know this, when the markets are not doing well, something like what happened i...

Swarnabha, on the employee cost, we will likely be within the same range of the FY 2026 number, which is about INR 11 billion, including the ESOP cost. ESOP numbers are being finalized as we speak. So I will be able to give you a more detailed answer about this in the July call, but it's likely to be in that same range as it was last year.

What analysts pressed on

Analysts expressed concerns about the stagnation in active client numbers despite increased order volumes, questioning the effectiveness of customer acquisition strategies. There were also inquiries regarding the impact of rising customer acquisition costs and the sustainability of margins in the face of market volatility.

Main topics on the call

• Revenue Growth — Angel One's revenue grew by 9.7% sequentially to INR 14.7 billion, driven primarily by a recovery in trading activity. Management noted, "the quarter reflects the resilience of our platform and the strength of client eng...
• Client Engagement — The average daily orders increased to 431 million, up from 5 million in February '25 to 7.4 million in March '26. This reflects a strong recovery in client participation, with management stating, "engagement rebounded me...
• Cost Control — Employee and ESOP costs declined sequentially, contributing to an expanded EBDAT margin of 41.7%. Management emphasized disciplined fiscal control, stating, "the underlying cost structure remained well within control."
• Emerging Businesses Scaling — The Credit business reported cumulative disbursements of INR 27.1 billion, with INR 6.1 billion disbursed in the quarter. Management highlighted, "the embedded opportunity within our ecosystem remains large," indicating ...

Read the full Angel One Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 18 Angel One Limited earnings call transcripts on record, spanning April 21, 2022 to July 16, 2026. Based on this history, Angel One Limited reports quarterly. The most recent call on file is dated July 16, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ANGELONE

Exchange

NSEI

Country

IN

Sector

Financials

Industry

Capital Markets

Calls on record

18

First call

April 21, 2022

Most recent

July 16, 2026

Reporting cadence

quarterly