Angel One Limited, a leading retail brokerage firm in India, has released its key business parameters for June 2025 and Q1 FY26. While the filing included a minor typographical correction (changing “M-o-M Growth (%)” to “Q-o-Q Growth (%)”), the underlying data highlights robust growth in several areas, despite subdued market activity in the futures and options (F&O) segment.
Key Business Highlights
The company reported strong year-on-year (YoY) and quarter-on-quarter (QoQ) growth across multiple metrics:
- Client Base: Grew to 32.47 million in Q1 FY26, up 4.7% QoQ and 31.3% YoY.
- Client Funding Book: Reached an all-time high of Rs. 42.06 billion, reflecting 60.2% YoY growth.
- Commodity ADTO: Surged 68.2% YoY to Rs. 832 billion, showcasing strong traction in the commodity segment.
- Market Share: Angel One maintained dominance in retail turnover, with a 57% share in commodities and 18% in cash turnover.
Challenges in the F&O Segment
- The F&O segment faced headwinds, with Average Daily Turnover (ADTO) declining 19% YoY. However, the company offset this with growth in other areas:
- Cash ADTO: Increased 24.7% QoQ.
- Option Premium Turnover: Rose 40% YoY, indicating resilience in derivatives trading.
Strategic Focus and Outlook
Angel One’s ability to grow its client base and funding book amid market volatility underscores its strong execution and customer-centric approach. The company continues to innovate in digital brokerage services, attracting retail investors even in challenging conditions.
Despite subdued F&O activity, Angel One’s Q1 FY26 performance demonstrates its adaptability and leadership in India’s retail brokerage space. With a growing client base and diversified revenue streams, the firm remains well-positioned for future growth.
