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21 April 2025
1 min read
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Shares of brokerage firm Angel One came under pressure after the company reported a sharp 49% year-on-year decline in net profit, which fell to βΉ174.5 crore in Q4 FY24. Revenue also dropped 22% to βΉ490.6 crore, reflecting a subdued performance in the quarter.
The company cited increased costs, including client acquisition and platform-related expenses, as key reasons for the margin squeeze. Despite sequential growth in its client base and transaction volumes, the financial results disappointed investors, leading to a 6% drop in Angel One’s stock price in post-earnings reaction.
The results come as the broader broking and fintech space experiences heightened competition, regulatory shifts, and evolving investor behavior amid market volatility.
References:
The Hindu Business Line
ET BFSI
NewKerala
Moneycontrol
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