Rs 12.70/Share Dividend For FY24: Mid Cap Stock Declares 38% QoQ Surge In PAT

Mid cap financial services sector stock, Angel One Ltd today declared 2nd interim dividend of Rs 12.70 per share on equity share having face value of Rs 10 per share. The company earlier fixed October 20 as the record date. Last trading price of Angel One share on BSE is Rs 2103.65 per share with intraday fall of 0.03%. The company also announced its unaudited standalone and consolidated financial results today. Check details below:

Angel One Declares 2nd Interim Dividend: According to the BSE filing of the company dated today, "The Board has declared 2nd 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."

Further, as already intimated, the Record Date for determining eligibility of shareholders for payment of the said Interim Dividend, as declared by the Board of Directors shall be Friday, October 20, 2023.

Angel One Q2 Results: Angel One today declared its September quarter earnings for the financial year 2023-24. The company's PAT witnessed a surge of 38% for the quarter ended September 30, 2023 at Rs 3045 crore as against Rs 2208 crore declared for the quarter ended June 30, 2023.

Its total income recorded a surge of 29% for the quarter ended September 30, 202 at Rs 10,493 crore as compared to Rs 8,111 crore in June 2023 quarter.
EBDAT witnessed a surge of 37% at 4185 crore for the quarter under review as compared to Rs 3056 announced in the June 2023 quarter.

Dinesh Thakkar, Chairman & Managing Director said, "We are delighted to announce that Q2 '24 has marked a historic milestone for us, as we have achieved our best-ever performance across financial and operational metrics."

Angel One Stock Outlook & Return: Last trading price of Angel One share on BSE is Rs 2103.65 per share. Its 52-week high price is Rs 2148.00 per share and 52-week low price is Rs 1000.00 per share, respectively. The company has a market capitalisation of Rs 17,648.26 crore. Angel One shares rallied 19% in last 1-month, gained 68% in last 6-months, soared 32% in last 1-year, and offered highest return of 680% 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.

Disclaimer: The stock just highlights the dividend, Q2 results and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.