Angel One (ANGELONE) Q4 16/17 earnings summary

Executive summary

• FY2016-17 consolidated revenue rose to ₹5,523,120,282 from ₹4,622,261,757; consolidated profit after tax increased to ₹317,246,988 from ₹310,142,993. Standalone profit after tax fell to ₹206,989,554 from ₹254,835,417.

• The business remained centered on broking and related financial services, with consolidated operations also covering finance and investing, health and fitness, and agency-based activities.

Financial highlights

• Consolidated revenue from operations was ₹5,377,740,083 versus ₹4,477,360,102; total revenue was ₹5,523,120,282 versus ₹4,622,261,757.

• Consolidated profit before tax was ₹479,070,853 versus ₹519,487,873; profit after tax was ₹317,246,988 versus ₹310,142,993.

• Standalone total revenue increased to ₹4,714,073,653 from ₹3,813,050,519, while profit before tax fell to ₹280,283,756 from ₹395,709,308.

• Standalone profit after tax was ₹206,989,554 versus ₹254,835,417; basic and diluted EPS were ₹14.41 versus ₹17.74.

• Consolidated basic and diluted EPS were ₹21.59 versus ₹22.09.

Segment performance

• Standalone operations were principally equity broking and related activities, with no other reportable business segment; operations were within India.

• Consolidated reporting identified finance and investing, health and allied fitness, and agency-based activities, including broking, advisory, distribution and other fee-based services.

• The six wholly owned subsidiaries covered commodities broking, financial advice, securities, lending, wellness and software; subsidiary results varied, including a reported loss at the wellness subsidiary.