Angel One Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2021
January 17, 2022 at 01:56 pm
Share
Angel One Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported revenue was INR 6,071.06 million compared to INR 3,156.08 million a year ago. Net income was INR 1,645.47 million compared to INR 731.68 million a year ago. Basic earnings per share from continuing operations was INR 19.9 compared to INR 8.99 a year ago. Diluted earnings per share from continuing operations was INR 19.55 compared to INR 8.81 a year ago. Basic earnings per share was INR 19.89 compared to INR 8.99 a year ago. Diluted earnings per share was INR 19.54 compared to INR 8.81 a year ago.
For the nine months, revenue was INR 16,197.49 million compared to INR 8,801.22 million a year ago. Net income was INR 4,201.11 million compared to INR 1,949.44 million a year ago. Basic earnings per share from continuing operations was INR 51 compared to INR 26.04 a year ago. Diluted earnings per share from continuing operations was INR 50.08 compared to INR 25.86 a year ago. Basic earnings per share was INR 50.98 compared to INR 25.89 a year ago. Diluted earnings per share was INR 50.06 compared to INR 25.71 a year ago.
Angel One Limited is a full-service retail brokerage company. It is engaged in the business of stock, currency, and commodity broking, providing margin trading facilities, depository services and distribution of mutual funds to its clients. The Company also provides portfolio management services. The Company operates through Broking and related services segment. Its digital platforms include Angel One Super App, Angel One Trading, and Smart API. The Angel One Super App is a multifaceted, artificial intelligence (AI) -driven digital platform core journeys comprising educating about investing and trading across multiple asset classes like equities, commodities, currencies, mutual funds, and bonds. The Company's subsidiaries include Angel Financial Advisors Private Limited, Angel Fincap Private Limited, Angel Securities Limited, Angel DigiTech Services Private Limited, and Mimansa Software Systems Private Limited.