Angel One (ANGELONE) Q1 26/27 earnings summary

Executive summary

• Delivered strong Q1 FY27 results with 25.4% year-over-year revenue growth to INR 14.3 billion and 102.1% increase in consolidated profit after tax to INR 2.3 billion, despite sequential moderation in market activity.

• 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 focus on building a diversified, technology-led financial platform, expanding product ecosystem, and embedding AI across user and operational journeys.

• Broking remains a key gateway, but nearly 40% of revenues now come from non-broking businesses, enhancing resilience and earnings quality.

• 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

• Consolidated revenue from operations for Q1 FY27 was INR 14.3 billion, up 25.4% year-over-year; consolidated profit after tax rose 102.1% year-over-year to INR 2.3 billion.

• Standalone revenue from operations for Q1 FY27 was INR 14.1 billion, with standalone net profit at INR 2.7 billion.

• Reported consolidated EBITDA at INR 3.6 billion, with a 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% QoQ).

• Board approved first interim dividend of INR 1 per share; consolidated net worth at INR 64.2 billion as of June 30, 2026.

Outlook and guidance

• Confident in delivering sustainable, profitable growth; margin guidance of 45%-50% remains intact.

• Wealth and AMC businesses expected to break even in 3-4 years; current operating margin impact from these segments is about 4%.

• 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.