Angel One Shares Rise Despite 61% Profit Plunge in Q1 FY2026 Amid SEBI's F&O Crackdown

ne, a leading stockbroking firm, reported a significant 61 percent year-on-year decline in net profit for the first quarter of FY2026 (April-June 2025), with profits falling to Rs 114.4 crore from Rs 292.7 crore in the same quarter of the previous fiscal year. Despite the steep drop, the company’s shares rose in trading on July 17, reflecting investor optimism about its long-term prospects. Financial Performance Overview The brokerage’s financial results for the quarter ended June 30, 2025, were impacted by regulatory changes, particularly SEBI’s crackdown on futures and options (F&O) trading, which has affected trading volumes and profitability in the broking industry. Key highlights from the Q1 FY2026 results include: Net Profit: Dropped 61 percent year-on-year to Rs 114.4 crore from Rs 292.7 crore in Q1 FY2025. On a sequential basis, net profit fell 34.4 percent from Rs 175 crore in Q4 FY2025. Revenue: Declined 19 percent year-on-year to Rs 1,140 crore, compared to Rs 1,405 crore in Q1 FY2025. However, revenue from operations saw an 8 percent quarter-on-quarter increase from Rs 1,056 crore in Q4 FY2025. EBITDA: Plummeted 41.7 percent to Rs 274.1 crore from Rs 469.9 crore in the year-ago quarter, reflecting operational challenges. EBITDA Margin: Contracted significantly to 24.04 percent from 33.44 percent in Q1 FY2025, underscoring the pressure on profitability.