“₹23 dividend + 1:10 stock split — Angel One rewards shareholders despite profit pressure.

📊 Angel One Q3 FY26 Highlights - Revenue: ₹1,334.8 crore, up 5.8% YoY - Net Profit: ₹268.6 crore, down 4.5% YoY - EBITDA: ₹529.1 crore, up 6.7% YoY - Margins: 39.6% - Dividend: Interim dividend of ₹23 per share - Stock Split: 1:10 (face value reduced from ₹10 to ₹1 per share) 📈 Stock Market Impact - Current price: ₹2,531.90 (down 3.94%) - Negative reaction likely due to profit decline despite revenue growth. - Dividend and stock split announcements may cushion sentiment in the medium term. ⚠️ Investor Watchouts - Profitability Pressure: Net profit declined YoY, suggesting rising costs or margin compression. - Competition: Discount brokers and fintech platforms continue to erode market share. - Regulatory Risks: SEBI tightening norms on leverage and client onboarding could impact growth. - Market Cyclicality: Broking revenues are highly dependent on trading volumes, which fluctuate with market sentiment. 🚀 Strategic Outlook - Wealth Management & Credit: Diversification beyond broking is helping stabilize revenues. - Digital Expansion: Angel One continues to invest in tech-driven client acquisition. - Shareholder Value: Dividend + stock split signal confidence in long-term growth. - Medium-Term View: If trading volumes remain strong and diversification pays off, Angel One could sustain growth, but margin pressures need close monitoring.