Angel Broking Q4 and FY21 Results

 

Mumbai, May 6th, 2021: Angel Broking Limited (BSE: 543235) (NSE: ANGELBRKG), announced its audited consolidated financial results for the Quarter and Full Year ended 31st March 2021

 

Key Performance Highlight	Q4 ’21	QoQ Growth	FY21	YoY Growth
Highest Gross Client Addition	0.96 mn	87%	2.36 mn	322%
Highest Share In Incremental Demat Accounts	17.6%	245bps	16.2%	561bps
Highest Number of Trades	218 mn	33%	671 mn	149%
Highest Avg. Daily Turnover*	₹ 3.7 trn	66%	₹ 2.0 trn	380%
Highest Overall Retail Equity Turnover Market Share	20.8%	468bps	16.0%	1,055bps
Avg. Client Funding Book Size	₹ 9.6 bn	69%	₹ 7.2 bn	1%
Total Gross Revenues	₹ 4,189 mn	33%	₹ 12,990 mn	72%
Profit from continuing operations	₹ 1,020 mn	39%	₹ 2,981 mn	243%

* Highest Avg. Daily Turnover For The Period is average for the entire period i.e. Q4 ‘21 and FY21

Market share in incremental Demat Accounts = Net client addition of Angel Broking for the period / Net demat addition of industry for the period

 

Commenting on the performance , Mr. Dinesh Thakkar, Chairman & MD said, “Being one of the foremost digital brokers in the country, we have registered a record growth in FY21 and accomplished many milestones, such as highest ever quarterly and yearly gross client addition of approximately 1 mn and 2.4 mn clients in Q4FY21 and FY21 respectively. This translated into significant market-share gain in NSE active client base, overall ADTO and overall retail equity turnover market share.

 

We have reported the highest quarterly total Income and profit after tax at Rs 4,189 mn and Rs 1,020 mn respectively in Q4FY21. The Company’s asset light model gives it bandwidth for high cash generation and regular dividend payouts. For FY21, the company has distributed Rs. 1,040 mn as dividend amounting to 35% of its profit after tax, as Dividend payout.

 

Our adoption of intuitive Artificial Intelligence and Machine Leaning based approach to all our processes and platforms have shown tremendous transformation and revolution in the customer experience we provide through our digital platforms. In spite of the substantial clients added by the industry over the last few quarters, India still remains a highly under-penetrated market w.r.t financial inclusion as compared to USA or China, especially in the smaller cities and towns. Therefore, the ongoing growth shall remain sustainable in the foreseeable future, with Fintech brokers like us garnering a significant share.”

 

 

Commenting on his vision for Angel Broking, Mr. Narayan Gangadhar, Chief Executive Officer said, “We aim to become India’s largest, most trusted and revered Fintech company. With India at the cusp of an unprecedented growth trajectory, I am sure that digitalization will play a very crucial role in this growth across all industries. In the broking space, Angel Broking has created a niche for itself by transforming into a full-fledged digital broker and is completely prepared to ride this growth journey. Our focus on continuously improving client experience, will continue to accelerate our journey to become the first choice Fintech partner for every Indian.”

 

Business Performance at a Glance:

Angel’s Turnover Market Share

 

Particulars	Q4FY21	Q3FY21	Growth
Overall Equity	20.8%	16.1%	468bps
F&O	20.9%	16.1%	483bps
Cash	16.3%	17.6%	-134bps
Commodity	25.5%	26.8%	-136bps

 

Angel’s Average Daily Turnover (ADTO)

 

Particulars (₹ bn)	Q4FY21	Q3FY21	Growth
Overall Equity	3,753	2,261	66%
F&O	3,599	2,120	70%
Cash	69	61	13%
Commodity	60	60	–

• Client Additions

The Company continued to witnessed strong gross client additions of 0.96 mn in Q4FY21 as compared to 0.51 mn in Q3FY21

 

• Total Income

₹ 4,189 mn in Q4FY21 vs ₹ 3,156 mn in Q3FY21, a growth of 33% QoQ     ₹ 12,990 mn in FY21 vs ₹ 7,547 mn in FY20 , a growth of 72% YoY

 

• EBDAT / Operating Profit

₹ 1,463 mn in Q4FY21 vs ₹ 1,093 mn in Q3FY21, a growth of 34% QoQ

EBDAT Margin (as % of Net Income) remain stable at 49% in Q4FY21 as compared to Q3FY21 despite substantially higher client additions

The Asset Light model, backed by Digital First Approach continues to deliver operating leverage benefits

 

• Profit After Tax From Continuing Operations

₹ 1,020 mn in Q4FY21 vs ₹ 732 mn in Q3FY21, a growth of 39% QoQ, which includes tax impact for earlier years of ₹ 36 mn

₹ 2,981 mn in FY21 vs ₹ 868 mn in FY20, a growth of 243% YoY

 

 

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