Angel One’s stock climbed sharply on Friday, gaining about 7.5% after the broker released its third‑quarter numbers and announced a cash dividend and a stock split.
Key Takeaways
- Share price rose to Rs 2,714.30, an intraday high.
- Net profit fell 4% YoY to Rs 269 crore.
- Revenue grew 11% QoQ to Rs 1,336 crore.
- Board approved an interim dividend of Rs 23 per share.
- A 1‑for‑10 stock split was approved; record dates to be announced.
Financial Performance
Revenue increased to Rs 1,336 crore, helped by higher market activity and stronger non‑broking businesses such as distribution, credit and wealth management. Earnings before depreciation, amortisation and taxes (EBDAT) rose 24.8% quarter‑on‑quarter to Rs 405 crore, pushing the margin up to 39.4%.
Dividend and Stock Split Details
The board declared an interim dividend of Rs 23 per share. The record date for this dividend is set for January 21, with payment expected by February 13. A 1‑for‑10 stock split has also been approved; the record date will be announced later.
Growth Across Business Segments
- Broking & distribution: EBDAT rose 25% QoQ to Rs 434 crore, with the margin improving to 43%.
- Client funding: The funding book grew 10% to Rs 5,860 crore.
- Mutual fund SIPs: 23 lakh new SIPs were added, showing rising retail interest.
- Credit disbursals: Jumped 55.7% QoQ to Rs 710 crore.
- Wealth management: Assets under management rose 34% to Rs 8,220 crore, with the client base exceeding 1,600.
- Asset management: Expanded to nine schemes, with AUM of Rs 470 crore.
What This Means for Investors
The dividend and upcoming split make the stock more attractive to current shareholders and potential buyers. While profit fell slightly, the strong revenue growth and improving margins suggest the business is scaling well. Retail investors may view the dividend payout and split as a sign of confidence from the company’s board.
Remember, this is perspective, not a prediction. Do your own research before making investment decisions.