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Angel One Ltd

Q4 FY26Capital Markets

Angel One Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹288
Market cap₹27.3K Cr
P/E26.5
Updated23 Aug 2026
Read4 min read

The short version

Expect continued healthy growth in client funding book and cash business over time, indicating strong revenue growth potential. Broking and distribution margins are expected to expand beyond 45% by FY28, with further margin expansion likely thereafter, depending on growth opportunities (Page 14).

From Angel One Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Expect continued healthy growth in client funding book and cash business over time, indicating strong revenue growth potential.
  • Broking and distribution margins are expected to expand beyond 45% post-FY27 due to operational efficiencies and cost management.
  • Revenue growth to be supported by scaling emerging businesses like wealth management and NBFC platform through capital infusion and diversification.
  • Ongoing optimization in customer acquisition funnel aims to improve efficiency and possibly increase the number of higher quality clients.
  • Marketing and technology investments will continue to drive long-term growth despite short-term market fluctuations.

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Profitability & Margins

See what Angel One Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Angel One Limited is focused on strengthening and scaling emerging businesses alongside their core broking franchise.
  • The company has proposed capital infusion of up to ₹1.5 billion each into their wealth management business and NBFC platform.
  • This capital injection aims to scale these businesses meaningfully and diversify growth engines over the medium term.
  • Investments continue in technology, product innovation, and adjacent businesses to capture long-term structural opportunities in India's capital markets.

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Top-ranked in Capital Markets

Ranked on what management guided this quarter

Guidance-ranked
1BSE
Rev 2Mar 3
2Nippon Life Ind.
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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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

The provided transcript does not explicitly mention the current or expected orderbook or pending orders for Angel One Limited. However, relevant points on order execution and trading activity include: - Orders executed on the platform increased by 13.3% sequentially to 431 million in the quarter, marking a six-quarter high. - Average daily orders scaled from 5 million in February 2025 to 7.4 million in March 2026. - There is strong client participation and improving trading intensity.

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Angel One Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

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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Frequently Asked Questions

What were Angel One Ltd Q4 FY26 results?

Expect continued healthy growth in client funding book and cash business over time, indicating strong revenue growth potential. Broking and distribution margins are expected to expand beyond 45% by FY28, with further margin expansion likely thereafter, depending on growth opportunities (Page 14).

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?

Angel One Limited is focused on strengthening and scaling emerging businesses alongside their core broking franchise.

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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.