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Kundan Motwani

17th Oct ยท SEBI-Registered Analyst

๐Ÿ’ผ ANGEL ONE | Q2FY26 CONCALL HIGHLIGHTS
ANGELONE

๐Ÿ“Š Financial Performance: ๐Ÿ’ฐ Gross Revenue: โ‚น12 bn ๐Ÿ”ผ +5.3% QoQ ๐Ÿ“ˆ Net Revenue: โ‚น9.4 bn ๐Ÿ”ผ +5.6% QoQ ๐Ÿ’น Net Broking Income: โ‚น5.5 bn ๐Ÿ”ผ +5.4% QoQ (77% from direct business) ๐Ÿฆ Interest Income: โ‚น3.8 bn ๐Ÿ”ผ +6.5% QoQ โ€” driven by 26% rise in avg. MTF book ๐Ÿ’ณ Distribution Income: ๐Ÿ”ผ +28% QoQ โ€” strong traction in credit products, IPOs & MFs ๐Ÿ’ธ Other Expenses: โ‚น3.4 bn ๐Ÿ”ป -19.2% QoQ (no IPL costs this quarter) โš™๏ธ EBDAT Margin: 34.5% ๐Ÿ”ผ +1,270 bps QoQ ๐Ÿ“Š Normalized EBDAT Growth: +6.1% QoQ (ex-IPL) ๐Ÿ PAT: โ‚น2.1 bn ๐Ÿ”ผ +85% QoQ ๐Ÿ“ˆ Normalized PAT: +10.1% QoQ (ex-IPL) Angel One delivers a strong quarter backed by margin expansion and steady revenue growth! ๐Ÿš€

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