Angel One’s average daily turnover more than doubles, total orders up 16%

Angel One Limited reported a sharp surge in trading activity in January 2026, with its average daily turnover (ADTO) more than doubling year-on-year to ₹6.4 lakh crore on a notional basis, underscoring strong momentum across its broking platform despite fewer trading days in the month.

In a business update filed with the exchanges on Wednesday, February 4, the company said its overall ADTO — based on notional turnover — rose 107.8% from the previous year and 20% from the previous month, led by a 107.5% YoY jump in F&O turnover. Average daily orders climbed to 7.33 million, a 34% increase from a year ago and the highest level in about 15 months, while total orders for the month stood at 146.7 million, up 16.4% YoY.

On an option premium turnover basis, Angel One’s overall ADTO stood at ₹1.79 lakh crore in January, reflecting a 108.7% annual jump, even as it declined 8.7% month-on-month. F&O option premium ADTO rose to ₹16,500 crore, up 27.6% from the previous year and 29.6% sequentially.

Angel One’s client base expanded to 36.39 million in January, reflecting a 20.8% rise over the previous year and 1.9% sequential growth. Gross client additions during the month were 0.74 million, up 12.6% YoY and 9.2% monthly, while the average client funding book hit a record ₹6,118 crore, marking a 45.7% year-on-year and 4.8% month-on-month increase.

The company also saw continued traction in its wealth and investment products, with unique mutual fund SIP registrations rising 13.5% YoY and 13% sequentially to 8,68,820 during the month.

In terms of market share, Angel One strengthened its position in retail equity derivatives. Its overall retail equity market share based on option premium turnover increased to 20.6%, up 46 basis points YoY, while F&O market share rose to 22.4%. Cash equity market share remained steady at 17.6% on a yearly basis.

Commodity turnover, however, showed mixed trends, with ADTO declining 12.5% month-on-month to ₹1.54 lakh crore, even as it surged 134% compared with January last year. Commodity market share slipped to 48.5% from 60.9% a year ago.

Commenting on the update, the company said January delivered a “sharp step-up in platform activity,” driven by strong client acquisition, record funding book levels and sustained SIP registrations, reinforcing the depth of client engagement on its platform.

The brokerage house reported a net profit of ₹268.6 crore for Q3FY26, down 4.5% year-on-year from ₹281.4 crore in the same period last year. Revenue increased 5.8% YoY to ₹1,334.8 crore from ₹1,262.2 crore. EBITDA increased 6.7% YoY to ₹529.1 crore from  ₹495.9 crore in Q3FY25. EBITDA margin improved slightly to 39.6% from 39.3% in the December quarter last year.

On January 15, Angel One's board approved a stock split from the current ₹10 face value per equity share to ₹1 per share, subject to approvals from shareholders and statutory and regulatory authorities.

Shares of the company ended 7.86% higher at ₹2,590 on Tuesday, ahead of the business update announcement. The stock has gained 10.20% in the past year.

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