Angel One Limited: January 2026 Operational Performance Update

Executive Summary Angel One Limited has delivered a robust start to the calendar year, reporting significant year-on-year (YoY) expansion across key operational metrics for January 2026. Key Operational Metrics Turnover & Volume Growth: Overall ADTO (Notional): Surged 107.8% YoY to ₹6.4 lakh crore, driven by a 107.5% jump in F&O turnover. Sequential growth stood at 20%. Option Premium ADTO: Overall ADTO on a premium basis rose 108.7% YoY to ₹1.79 lakh crore. F&O Premium Turnover: Increased 27.6% YoY and 29.6% MoM to ₹16,500 crore, highlighting strong derivative activity. Commodity Segment: ADTO grew 134% YoY to ₹1.54 lakh crore, despite a sequential moderation. Client Engagement & Order Flow: Order Velocity: Total orders rose 16.4% YoY to 146.7 million. Average daily orders climbed 34% YoY to 7.33 million. Client Funding Book: Reached a record high of ₹6,118 crore, up 45.7% YoY and 4.8% MoM, indicating deepening client participation. Client Acquisition & Wealth Products: Client Base: Expanded to 36.39 million (+20.8% YoY). New Additions: Gross client acquisition stood at 0.74 million (+12.6% YoY). Wealth Management: Unique Mutual Fund SIP registrations grew 13.5% YoY to ~8.69 lakh, reflecting successful cross-selling momentum. Market Share Analysis Angel One strengthened its competitive positioning in key segments: Retail Equity Options: Market share (premium basis) expanded by 46 bps YoY to 20.6%. F&O Segment: Market share rose to 22.4%. Cash Equity: Remained stable at 17.6%. Financial Context & Corporate Actions This operational surge follows Q3FY26 results where revenue grew 5.8% YoY to ₹1,334.8 crore with EBITDA margins improving to 39.6%. Additionally, the Board has approved a 1:10 stock split, enhancing liquidity and accessibility for retail investors.