ADVERTISEMENT
Angel One Q3 Review - Inline Revenue; High C/I Ratio Leads To PAT Miss; 'Buy' Says Motilal Oswal, Here's Why
The brokerage has cut its target multiple owing to a weaker-than-expected impact of the cash brokerage introduction and uncertainty around the price hike to tackle the F&O regulation impact.
15 Jan 2025, 10:01 AM IST 
Angel One reported total income of Rs 9.9 billion, up 19% YoY/down 18% QoQ and largely in line with the brokerage's estimate.. (Photo: Adam Nowakowski/ Source: Unsplash)
Angel One has demonstrated the ability to protect its profitability by taking corrective pricing actions to offset the impact of true-to-label charge regulations. However, the timing of usage of levers to offset the impact of F&O regulations remains uncertain. Investments in new business segments have kept the cost structure elevated and we are yet to factor in upsides that could arise from revenues in new segments.
