Angel One Posts Weak Business Update For February 2025 As Client Base Growth Slows

Angel One Ltd. has reported a weak business update for February 2025. The company's performance metrics indicate a challenging month, with several key indicators showing a decline.

Despite a 1.5% month-on-month growth in its client base, which reached 3.06 crore, the gross client addition of 5 lakh was down by 26% MoM. This slowdown in client base growth, especially on a high base, suggests that the company is facing difficulties in attracting new clients at the same pace as before.

The average daily orders for February stood at 49.6 lakh, marking a 9% decline MoM. While the volume of orders has decreased, the overall trading activity remains significant. However, the cash average daily turnover saw a 12% drop MoM, indicating reduced trading activity in the cash segment.

Angel One's market share in the Futures & Options retail turnover segment fell by 23 basis points (bps) MoM to 21.5%. This decline highlights the company's struggle to maintain its foothold in the competitive F&O market. On a positive note, the cash turnover market share improved by 9 bps MoM to 16.7%, showing some resilience in this segment.

The overall negative business could put pressure on Angel One's stock, which has been underperforming in recent weeks.

Angel One Limited, formerly known as Angel Broking Limited, was established in 1996.

In 2019, Angel One embarked on its digital journey by introducing a digital investment solution for its customers. The following year, in 2020, Angel Broking went public through an initial public offering and was subsequently listed on both the Bombay Stock Exchange and the National Stock Exchange. In 2021, the company underwent a rebranding and adopted the name Angel One.

The company offers a wide range of financial services, including broking and advisory services, margin funding, loans against shares, and financial product distribution.