Angel One's consolidated PAT up 58.2% y-o-y in September quarter
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- ✓Angel One reported a 58.2 per cent year-on-year rise in consolidated net profit to ₹334.9 crore for the September quarter.
- ✓Revenue also rose 17.8 per cent to ₹1,426.9 crore.
- ✓Ambarish Kenghe said, "The second quarter reinforced the resilience of our client franchise despite significant changes in India's market structure."
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- India Economy
Angel One reported a 58.2 per cent year-on-year (y-o-y) rise in consolidated net profit to ₹334.9 crore for the September quarter, compared with ₹211.7 crore in the previous year.
Revenue also rose 17.8 per cent to ₹1,426.9 crore, against ₹1,211.7 crore in the same quarter last year. Earnings before interest, tax, depreciation and amortisation (EBITDA), however, rose to ₹493.3 crore from ₹485.4 crore. The EBITDA margin expanded to 45.1 per cent from 34.5 per cent in the previous quarter, an increase of 1,064 basis points.
The company also announced an interim dividend of ₹1.40 per share. Shares of Angel One closed 2.13 percent higher at ₹312.10 on the BSE ahead of the earnings announcement.
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