Angel One Results Analysis-Q1FY26

Operating Revenue for Q1FY26 is Rs. 1,141 Crs., 18.79% Negative growth YoY, Total Income is Rs. 1,143 Crs., 18.94% Negative growth YoY, Normalised EBDAT is Rs. 306 Crs., 27% Negative growth YoY, Normalised EBDAT Margin is 34.3% decreased by 777 Basis points YoY (Q1 ‘26 EBDAT margin impacted by 2.6% on account of incubating new businesses), PBT Rs. 164 Crs., 58.7% Negative growth YoY, PAT Rs. 115 Crs., 60.9% Negative growth YoY. On QoQ basis Operating Revenue and Total Income is up by 8%, Normalised EBDAT is up by 30%, Normalised EBDAT Margin is also up by 610 bps, However PAT is down by 34%. Total Client base is 32.5 Mn., 4.7% growth QoQ basis, Broking Market share is 16.3% which is also increased by 19 bps QoQ basis.