Angel One Q1 profit more than doubles to ₹231 crore as wealth, lending businesses gain traction

Angel One reported a strong set of earnings for the June quarter, with consolidated net profit more than doubling year-on-year as the fintech platform benefited from robust growth across its wealth management, lending and asset management businesses, alongside improved operating leverage.

The company's consolidated net profit surged 102.1% to ₹231.4 crore in the first quarter of FY27, compared with ₹114.5 crore in the year-ago period. Revenue from operations rose 25.3% to ₹1,429.6 crore from ₹1,140.5 crore a year earlier. EBITDA climbed 76.5% to ₹484.7 crore, while the EBITDA margin expanded to 33.9% from 24.0% a year ago.

Margins improve despite volatile markets

The sharp rise in profitability came despite a mixed market environment, reflecting better operating efficiency and a growing contribution from higher-margin businesses.

On a standalone basis, revenue increased 26.2% year-on-year to ₹1,413.5 crore, while profit after tax rose 102.2% to ₹270.7 crore.

Commenting on the performance, Dinesh Thakkar, chairman and managing director, said India's financialisation presents "one of the most compelling long-term opportunities."

"Our strategy is to build India's most trusted fintech, serving users across every stage of their financial journey. Every interaction on our platform strengthens our understanding of user needs, enabling us to deliver increasingly relevant, personalised and timely financial solutions," he said.

Wealth, lending businesses drive growth

Angel One continued to diversify beyond its core broking business during the quarter.

The company's wealth management assets under management (AUM) jumped 165.3% year-on-year to ₹134.4 billion, while its asset management business AUM grew 81.4% to ₹620 crore.

Its average client funding book reached a record ₹6140 crore, up 45.9% from a year earlier, while credit distribution more than doubled to ₹530 crore, registering a 129.7% year-on-year increase.

The platform's user base rose 18.8% to 38.6 million, while assets under custody climbed 19.3% to ₹1.7 lakh crore. During the quarter, Angel One added 1.3 million new users and processed 406 million orders, up 18.4% year-on-year.

AI-led platform expansion

Group CEO Ambarish Kenghe said the company continued to strengthen its product ecosystem while embedding artificial intelligence across its platform.

"AI is increasingly becoming integral to how we operate—from enhancing user discovery and support to improving onboarding, decisioning and internal productivity," he said, adding that investments in wealth, asset management and security are helping position the company for durable, profitable growth over the long term.

Angel One also announced an interim dividend of Re 1 per equity share for FY27.

Shares of Angel One closed 3.13% higher at ₹344 apiece on the NSE on Wednesday. The stock has surged over 28% in the past year, outperforming the benchmark Nifty 50 index, which has declined nearly 5% during the same period.