In the world of money and markets, Angel One recently shared how well it did from October to December 2023. Some people were happy, while others weren’t so sure because the company’s value dropped by 12.5% to a low point in two weeks. Now, let’s break down the numbers and events to understand how Angel One is doing and what affects its place in the market.
Money Check
Earnings and Money Growth
Angel One made ₹260 crore in profit during Q3FY24, which is a bit less (14.50% less) than the previous three months. But, when we look at a year ago, it’s actually 14% better. The total money the company got from its operations in this time went up by 1% compared to the last three months and a big 41% compared to the same time last year, reaching ₹1,059 crore.
Making More Friends
Angel One did something cool in Q3FY24 – it got 2.5 million new friends (clients). Now, in total, the company has 19.5 million friends. That’s a 14% increase from the last three months and a whopping 55% more compared to last year.
Buying and Selling Stuff
Orders and How Much Money Changed Hands
In Q3FY24, Angel One got a lot of orders – 350 million to be exact. That’s 54% more than a year ago. The amount of money changing hands every day (Average Daily Turnover or ADTO) went up by 21.4% compared to the last three months and a huge 148.5% more compared to the same time last year, reaching ₹36 trillion.
How Big Angel One is in the Market
Angel One is doing well in the market, with a big chunk – 26.8% – of the retail turnover market in Q3FY24. That’s 529 basis points more than last year. Also, it’s the second-best when it comes to adding new clients (Incremental NSE Active Clients), with a 14.8% share and growing 273 basis points.
Boss’s Thoughts
Mr. Dinesh Thakkar, the big boss at Angel One, said the company is working hard to give friends (clients) good products in a smooth way. They are using cool technology to make the experience better, and it’s paying off – people like their app more.
How People Reacted
Even though Angel One did well in the last three months of 2023, its value in the stock market dropped. It started at ₹3,500 per share, which is less (9.60% less) than the price before. It went down even more to ₹3,392 per share, which is a big 12.5% drop. But here’s the interesting part – since Angel One started in 2020, its shares have been doing well every year.
Looking Back and Ahead
In 2021, Angel One’s shares made people happy by going up a lot – 250%! The next year, it went up by 11%. In 2023, it went up again by 166%, and just in the first part of this year, it’s already up by 1.50%. At 10:15 am, the shares were at ₹3,409, which is 12.30% less than before.
To Sum It Up
Even though the market got a bit worried, Angel One has a good history of doing well. They use cool tech and make lots of money, making them a strong player in finance. But if you’re thinking about investing, be smart and talk to the experts first!
Note: Before making money decisions, it’s a good idea to talk to the experts!
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