Angel One Ltd
Angel One Q1 FY26 earnings call: Revenue & Margins
Q1 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Top-line growth is expected at around 8% quarter-on-quarter, supported by continued client acquisition and retail engagement. Expect gradual market share improvement in F&O segment driven by customer acquisition and expanding market volume, aiming for normalized operating profit margin (OPM) by end of Q4 FY26.
From Angel One Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Top-line growth is expected at around 8% quarter-on-quarter, supported by continued client acquisition and retail engagement.
- Total orders rose 4.8% sequentially, indicating healthy client participation with no loss in market share.
- The F&O volume pie is expected to expand, aiding gradual market share gains over coming months.
- Wealth and asset management businesses are in incubation but scaling as expected, with wealth management likely to break even sooner.
- Mutual fund SIP inflows and credit distribution are growing steadily; credit disbursals reached ₹2.3 billion in Q1 FY26.
- The margin trading book is growing secularly, supported by improving client experience and advisory initiatives.
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Profitability & Margins
See what Angel One Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company is continuing to invest in brand and technology to deepen client engagement and expand their financial product suite.
- Investment focuses on building an omni-channel wealth platform and enhancing digital stack for a seamless, intuitive client experience.
- There are deliberate and consistent investments in stock options (ESOP) to attract, reward, and retain talent, with an estimated ₹210 crore cost for FY 2026.
- The company is scaling emerging verticals like wealth management, asset management, and credit carefully and in a disciplined long-term manner.
- New product launches in asset management and wealth management suggest ongoing strategic investments in these areas.
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Top-ranked in Capital Markets
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Angel One Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Total orders executed during the quarter reached 343 million, a 4.8% sequential increase, indicating healthy client engagement.
- The daily average orders in June were slightly tepid compared to May, with the number of contracts trading on exchanges remaining slightly subdued.
- Market share in F&O has shown some fluctuation month-to-month but is expected to improve gradually with more customer acquisitions.
- Despite short-term variability, the broader volume on the F&O side is anticipated to expand, supporting market share gains.
- The exit quarter operating margins are guided towards 40%+ OPM, assuming steady top-line growth of around 8% and controlled costs.
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Angel One Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.5K Cr, net profit ₹320 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Angel One's management said in earlier quarters
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Frequently Asked Questions
What were Angel One Ltd Q1 FY26 results?
Top-line growth is expected at around 8% quarter-on-quarter, supported by continued client acquisition and retail engagement. Expect gradual market share improvement in F&O segment driven by customer acquisition and expanding market volume, aiming for normalized operating profit margin (OPM) by end of Q4 FY26.
What is Angel One Ltd share price analysis?
Angel One Ltd currently shows a neutral. The stock trades at a P/E of 26.5 with a market cap of ₹27,338 Cr. Investors should review the full earnings analysis for detailed insights.
Is Angel One Ltd planning capital expenditure?
The company is continuing to invest in brand and technology to deepen client engagement and expand their financial product suite.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.