Angel One (ANGELONE) Q4 15/16 earnings summary

Executive summary

• FY16 standalone revenue rose 4.64% YoY to ₹3.813bn; standalone and consolidated profit fell, with consolidated PAT at ₹317.2m vs ₹469.5m.

• Auditors issued unqualified opinions; internal financial controls were considered adequate and operating effectively at year-end.

Financial highlights

• Standalone total revenue ₹3.813bn vs ₹3.644bn; PBT ₹395.7m vs ₹608.5m; PAT ₹254.8m vs ₹389.1m.

• Consolidated total revenue ₹4.622bn vs ₹4.617bn; PBT ₹519.5m vs ₹742.6m; PAT ₹317.2m vs ₹469.5m.

• Standalone revenue from operations reached ₹3.639bn vs ₹3.446bn; other income was ₹173.8m vs ₹198.2m.

• Consolidated revenue from operations was ₹4.477bn vs ₹4.473bn; other income was ₹144.9m vs ₹144.4m.

Segment performance

• Consolidated agency-based activities generated revenue of ₹4.207bn and segment results of ₹352.8m; segment includes broking, advisory, distribution and fee-based services.

• Finance and investing activities recorded revenue of ₹281.3m and segment results of ₹111.3m; health and allied fitness generated ₹66.5m revenue and a ₹12.4m segment loss.

• Six subsidiaries covered broking, lending, institutional broking, insurance agency, fitness and software services.