Rs 12.70/Share Dividend: Financial Stock Rallies 87% In 3-Months, Q3 PAT Falls

Mid cap company operating in financial services sector, Angel One today declared its financial results for the quarter and nine months ended December 31, 2023 and 3rd interim dividend of Rs 12.70/- per share on equity shares having face value of Rs 10 per share.

The company already fixed Jan 23, 2024 as the record date for interim dividend. Last trading price of Angel One share on BSE is Rs 3874.70 per share with intraday gain of 2.07%. Angel One shares soared 87% in last 3-months and gained 126% in last 6-months. Check details below:

Angel One Declares Dividend: As per the BSE filing of the company dated January 15, 2024, "The Board has declared 3rd Interim Dividend for the Financial Year 2023-24 at the rate of Rs, 12.70/- per share on equity shares having face value of Rs 10 per share, as on the Record date."

Angel One Sets Record Date For 3rd Interim Dividend: The record date for reckoning the shareholders who shall be entitled to receive the interim dividend, if any, so declared, will be Tuesday, January 23, 2024.

Angel One Q3 Results: The company declared its unaudited standalone and consolidated financial results (with Limited Review) for the quarter and nine months ended December 31, 2023. Angel One announced its PAT for Q3 2024 at Rs 2603 million, down 14.5% QoQ from Rs 3045 million declared in Q2 2024. The EBIT of Angel One for Q324 came at Rs 3641 million, down 13% QoQ from Q2 2024 EBIT of Rs 4185 million. Meanwhile, it reported its total income at Rs 10,608 million, down 1% from Rs 10,493 million.

Commenting on Angel One's performance, Mr. Dinesh Thakkar, Chairman & Managing Director said, "Angel One has always focused its efforts to offer clients the most suitable products, in a seamless and efficient manner, by harnessing the power of data and technology. Our digital assets are continuously evolving, enriched with innovative features to ensure an unparalleled investing experience. We undertook process improvements, to ease the onboarding experience and incorporated some unique features, for both new and experienced clients, thus simplifying their investment journey on the app. These focused efforts yielded into sustained improvement in our NPS and Playstore and Appstore rankings."

I am delighted with our historic performance in Q3 '24, as we acquired more than a million clients in a month and 2.5 million clients in a quarter for the first time, accounting for nearly a quarter of the industry's net client addition, added Dinesh Thakkar.

Angel One Stock Outlook & Return: Its 52-week high price is Rs 3900.35 per share and 52-week low price is Rs 1000.00 per share, respectively. The company has a market capitalisation of Rs 32,528.28 crore. Angel One shares gained 196% in last 1-year, soared 192% in last 2-years, and rallied 1008% in last 3-years.

About Angel One: Angel One is the largest listed retail stock broking house in India, in terms of active clients on NSE. Angel One is a technology-led financial services company providing broking and advisory services, margin funding and distribution of third-party financial products to its clients. The broking and allied services are offered through online and digital platforms to clients acquired directly and through assisted business.

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