Angel Broking Ltd reports consolidated PAT of Rs. 101.97 crore in Q4FY21

Angel Broking Ltd has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.418.86 crores during the period ended March 31, 2021 as compared to Rs.315.60 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.101.91 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.73.16 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.12.37 for the period ended March 31, 2021 as compared to Rs.8.81 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 418.86 crs	₹ 315.60 crs	32.72%
Net Profit	₹ 101.91 crs	₹ 73.16 crs	39.3%
EPS	₹ 12.37	₹ 8.81	40.41%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.418.86 crores during the period ended March 31, 2021 as compared to Rs.199.63 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.101.91 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.30.88 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.12.37 for the period ended March 31, 2021 as compared to Rs.4.29 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 418.86 crs	₹ 199.63 crs	109.82%
Net Profit	₹ 101.91 crs	₹ 30.88 crs	230.02%
EPS	₹ 12.37	₹ 4.29	188.34%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1298.98 crores during the 12 months period ended March 31, 2021 as compared to Rs.754.71 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.296.85 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.82.34 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.38.32 for the 12 months period ended March 31, 2021 as compared to Rs.11.44 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 1298.98 crs	₹ 754.71 crs	72.12%
Net Profit	₹ 296.85 crs	₹ 82.34 crs	260.52%
EPS	₹ 38.32	₹11.44	234.97%

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 underpenetrated 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."

Source : Equity Bulls

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