Angel One’ Q1 net profit down 60% on year to ₹114.5 crore on SEBI F&O curbs

Broking firm Angel One’s net profit for the June quarter fell over 60 per cent to ₹114.5 crore from ₹292.7 crore a year ago, as its revenue took a hit from SEBI’s curbs on excessive speculation in the equity derivatives market.

Total consolidated revenue fell to ₹1,141 crore (₹1,405 crore), down over 18 per cent. Sequentially, revenue rose 8 per cent from ₹1,056 crore, and net profit fell 34 per cent from ₹174.5 crore.

Since the market regulator’s six-step measures for the futures and options (F&O) market from November, the trading volumes and F&O turnover have slowed down. Consequently, brokers such as Angel One, who have a heavy reliance on the derivatives segment, have been affected.

Client funding book

However, the firm’s average client funding book increased 60 per cent on year to ₹4,206 crore for the quarter, while the number of orders rose 4.8 per cent to 343.11 million orders.

Angel One’s Average Daily Turnover (ADTO) based on premium turnover stood at ₹1 lakh crore in the June quarter, up 23 per cent sequentially and up 40 per cent year on year. The firm retained healthy market share across segments in Q1 FY26, with 19.7 per cent in option premium-based equity, 21 per cent in F&O, 18 per cent in cash, and 57 per cent in commodities.

“Angel One’s platform continues to deliver healthy performance in a dynamic business environment. This quarter, we added over 1.5 million clients and maintained a stable market share of 15.3 per cent in NSE active clients and 19.7 per cent in overall retail equity turnover, a testament to the resilience and scalability of our model,” said Ambarish Kenghe, Ggroup CEO at Angel One, in a press release.

Published on July 16, 2025