Mumbai–Fintech and brokerage firm Angel One Limited reported a 27.8 percent sequential decline in consolidated net profit for the first quarter of fiscal 2027, as lower revenue and weaker operating margins weighed on earnings.
The company posted a consolidated net profit of Rs 231 crore for the April-to-June quarter, down from Rs 320 crore in the preceding quarter, according to a regulatory filing.
Revenue from operations declined 2.1 percent quarter over quarter to Rs 1,430 crore from Rs 1,459 crore during the January-to-March period.
Operating performance also weakened, with earnings before interest, taxes, depreciation and amortization falling 19 percent to Rs 485 crore from Rs 599 crore in the previous quarter.
The EBITDA margin narrowed to 33.9 percent from 41 percent, a contraction of 710 basis points.
Angel One also declared an interim dividend of Re 1 per equity share, its first dividend announcement for fiscal 2027.
The company set July 21 as the record date for determining shareholders eligible to receive the dividend. The payment will be made on or before Aug. 14 to shareholders listed in the company’s register of members or depository records as of the record date.
Despite weaker earnings, several business indicators posted strong year-over-year growth.
The average client funding book increased 45.9 percent to a record Rs 61.4 billion during the quarter. Credit distribution rose 129.7 percent to Rs 5.3 billion, while wealth management assets under management climbed 165.3 percent to Rs 134.4 billion as of June.
Angel One had more than 2,400 wealth management clients at the end of the quarter. Asset management assets under management increased 81.4 percent from a year earlier to Rs 6.2 billion.
However, the number of unique systematic investment plans registered during the quarter declined 10.3 percent to 1.7 million. (Source: IANS)
