Brokerage house Angel One Ltd on Thursday (January 15) reported a net profit of ₹268.6 crore for the third quarter, down 4.5% year-on-year from ₹281.4
crore in the same period last year. Revenue for the quarter increased 5.8% year-on-year to ₹1,334.8 crore from ₹1,262.2 crore.
EBITDA rose 6.7% year-on-year to ₹529.1 crore, compared with ₹495.9 crore in Q3FY25. EBITDA margin improved slightly to 39.6% from 39.3% in the corresponding quarter last year.
The company reported consolidated total gross revenues of ₹1,337.7 crore in Q3FY26, up 11.1% quarter-on-quarter from ₹1,204.2 crore in Q2FY26. Consolidated EBDAT (earnings before depreciation, amortisation and taxes) rose 24.8% QoQ to ₹405 crore, with EBDAT margin improving to 39.4% from 34.5% in the previous quarter.
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EBDAT from broking and distribution (MF + credit) businesses increased 25.3% QoQ to ₹433.6 crore, with margin rising to 43.0% from 37.7% in Q2FY26. Consolidated profit after tax grew 26.9% QoQ to ₹268.7 crore, while PAT from broking and distribution businesses rose 27.4% QoQ to ₹301 crore.
In the broking segment, the client funding book scaled to ₹5,860 crore as of December 2025, marking a 10.4% QoQ growth. In non-broking businesses, unique SIPs registered reached 23 lakh in Q3FY26, and credit disbursals grew 55.7% QoQ to ₹710 crore.
The wealth management business saw AUM rise 33.7% QoQ to ₹8,220 crore, with the client base expanding to over 1,600. In asset management, two new schemes were launched in Q3FY26, taking the total to nine schemes, with AUM reaching ₹470 crore as of December 2025.
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The board approved a first interim dividend of ₹23 per share and 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.
Ambarish Kenghe, Group CEO, said, “Technology and AI remain key drivers of growth and efficiency. This quarter, we launched the beta of our in-house data analyst agent and began adopting agentic AI across our development lifecycle, reducing decision and execution time, boosting productivity and helping us stay ahead.”
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“Our direct and assisted channels remain strong, supported by a nationwide base of 10,000+APs and 11,000+ MFDs. We delivered our highest-ever orders in commodities at 35 million and ₹1.7 trillion ADTO. Our emerging businesses continue to scale well, supported by strong SIP momentum and a 56% QoQ rise in credit disbursements to ₹7.1 billion, translating into a ₹28 billion annual run rate," he noted.
On Wednesday (January 14), shares of Angel One Ltd ended at ₹2525.25, up by ₹86.05, or 3.53%, on the BSE.
