Angel One (ANGELONE) Q1 26/27 earnings summary

Executive summary

• Achieved strong year-on-year growth in revenue and profit, driven by a diversified business model, disciplined execution, and a multi-product ecosystem spanning broking, mutual funds, wealth management, credit, insurance, and asset management.

• Achieved 38.6 million users and 1.7 trillion in assets under custody as of Q1'27, with 1.3 million gross acquisitions in the quarter.

• Continued investment in technology, AI, and platform expansion to deepen customer engagement and cross-sell opportunities.

• Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, and declared a first interim dividend of Re. 1 per equity share.

Financial highlights

• Q1 FY27 consolidated revenue grew 25.4% year-on-year to INR 14.3 billion; consolidated profit after tax rose 102.1% year-on-year to INR 2.3 billion.

• EBITDA for the quarter was INR 3.6 billion, with a reported margin of 32.7%; normalized EBITDA margin at 43.6%.

• Asset management AUM reached INR 6.2 billion (+70.6% QoQ); wealth management AUM at INR 134.4 billion (+33.3% YoY).

• Client funding book averaged INR 61.4 billion, with period-end at INR 71.5 billion.

• Board approved an interim dividend of INR 1 per share.

Outlook and guidance

• Margin guidance of 45%-50% remains intact, with continued focus on standalone and consolidated margins.

• Expectation of long-term growth in lending, wealth, and distribution businesses, with responsible scaling.

• Wealth and AMC businesses expected to break even in three to four years, with current burn at about 4% of operating margin.

• Focus remains on deepening user engagement, expanding product adoption, and leveraging AI for operational efficiency.

• Structural growth expected from underpenetrated Indian financial markets and rising digital adoption.