Angel One Q4 FY26 profit jumps 19% QoQ; order volumes hit six-quarter high

DBT Bureau

Pune, 17 April 2026

Angel One Limited reported its audited consolidated financialresults for the quarter and year ended 31st March 2026.

Business Performance

▪ Consolidated Total Gross Revenues
₹ 14,672 mn in Q4 ‘26 vs ₹ 13,377 mn in Q3 ‘26, a growth of 9.7% on QoQ basis

▪ Consolidated EBDAT
Reported EBDAT of ₹ 4,728 mn in Q4 ‘26 vs ₹ 4,050 mn in Q3 ‘26, a growth of 16.7% on QoQ basis
Reported EBDAT Margin (as % of Total Net Income) stood at 41.7% in Q4 ’26 vs 39.4% in Q3 ’26
EBDAT (Broking & Distribution (MF + Credit) Businesses) at ₹ 4,996 mn in Q4 ’26 vs ₹ 4,336 mn in Q3 ’26, a growth of 15.2% QoQ
EBDAT Margin (Broking & Distribution (MF + Credit) Businesses) stood at 44.6% in Q4 ‘26 vs 43.0% in Q3 ‘26

▪ Consolidated Profit After Tax
Reported PAT of ₹ 3,202 mn in Q4 ‘26 vs ₹ 2,687 mn in Q3 ‘26, a growth of 19.2% on QoQ basis
Reported PAT (Broking & Distribution (MF + Credit) Businesses) at ₹ 3,514 mn in Q4 ’26 vs ₹ 3,010 mn in Q3 ’26, a growth of 16.7% QoQ

No. of Orders

Broking
Average Client Funding Book remained stable at ₹ 58.5 bn in Q4 ‘26
▪ Non-Broking
Unique SIPs registered in Q4 ‘26: 2.1 mn
Credit disbursal in Q4 ‘26 came in at ₹ 6.1 bn, a de-growth of 14.7% QoQ
▪ Wealth Management
AUM stood at ₹ 100.8 billion as of March 2026, up 22.7% QoQ
The client base expanded to over 1,900 clients
▪ Asset Management
Launched 2 new schemes in Q4 ‘26, taking the total number of schemes to 11.
AUM stood at ₹ 3.6 billion as of March 2026.

Commenting on Angel One’s performance, Dinesh Thakkar, Chairman & Managing Director said, “India’s financial participation continues to deepen, driven by rising financial awareness, a young population entering formal markets at scale and strong adoption of digital platforms. Angel One is proactively aligning to this shift through disciplined execution, strengthening its core business while scaling new growth engines. Business performance for the quarter reflected an improvement in client activity, average daily orders and operating margins returning to our guided range, reinforcing our confidence in the structural drivers of the core business.
Early progress across new businesses is helping us to expand our ecosystem, deepening client relationships and support our long-term platform strategy. Our ambition is to build a unified, technology-led financial platform that supports the entire lifecycle of our clients — from investing to wealth creation and access to credit solutions. Looking ahead, we are well positioned to participate at scale in the next phase of growth in India’s financial services market, driven by both increasing participation and deeper engagement.”

Commenting on Angel One’s performance, Ambarish Kenghe, Group CEO said, “Q4 FY26 marked a very strong overall performance with our gross revenues growing by ~39% YoY, EBDAT margin expanding to ~42% and Profit after Tax increasing by 83% YoY to ₹ 3.2 billion, driven by normalisation of client activity. Average daily orders scaled from a low of 5.0 million in February ’25 to 7.4 million in March ’26, thus taking the aggregate order count to 431 million for the quarter, marking a six-quarter high, reflecting resilient performance despite a softer macro environment.
FY26 was a defining year for us as we focused on adopting AI to build efficiencies, both for the client and the organisation. During the quarter we elevated Ask Angel into a conversational AI-driven assistant, helping clients resolve queries, explore IPOs and access stock insights. AI is increasingly shaping how we build, with ~25% of the total committed code being AI generated today, reducing development timelines, hence improving time to market.
AI is now embedded across multiple efficiency led initiatives, including grievance email and ticket automation, real time e-signature validation, internal data analyst agent and onboarding KYC face match, etc. enhancing overall client experience on the platform. Our emerging businesses continues to grow with discipline. Credit, Mutual Funds, Wealth and Asset Management—are scaling steadily, supported by increasing adoption from clients.
Wealth management, in particular, continues to show strong momentum with AUM reaching nearly ₹ 101 billion, a 23% QoQ growth. Here too, AI is playing an important role, 80% of Ionic Wealth’s codebase is AI-generated, accelerating development and enabling faster innovation.
Our focus remains on disciplined execution, technology leadership and earning client trust. Our foundations are strong, our capabilities are compounding and we remain well positioned to create long term sustainable value.”