Angel One earnings calls.

Angel One delivered Q1 FY27Current reported value: Q1 FY27. No comparable prior figure is available in the source record. results with revenue of Rs 1,430 croreCurrent reported value: Rs 1,430 crore. No comparable prior figure is available in the source record. growing 25.4Current reported value: 25.4. No comparable prior figure is available in the source record.% YoY, while consolidated PAT surged 102.1% YoY to Rs 230 croreCurrent reported value: 102.1% YoY to Rs 230 crore. No comparable prior figure is available in the source record.. Normalized EBITDA margins of 43.6% (vs 44.4% in Q4) remained within guided operating range despite seasonal headwinds including IPL marketing spend, annual increments, and variable pay approvals. The diversified business model is gaining traction with non-trading revenues now comprising 40% of gross revenuesCurrent reported value: 40% of gross revenues. No comparable prior figure is available in the source record.—interest income grew 2.6% sequentially to Rs 470 crore on record client funding book of Rs 61.4 billion average. Credit disbursement moderated to Rs 530 crore (down from Rs 710 crore peak in Q3) due to lender risk calibration and platform friction, though management reiterated long-term confidence. Total AUM reached Rs 134.4 billionCurrent reported value: Rs 134.4 billion. No comparable prior figure is available in the source record. (+33.3% YoY) driven by wealth and AMC scaling. New businesses (wealth, AMC) continue to burn ~400bps but remain on track for incremental breakeven in 3-4 years. The margin guidance of 45-50% (standalone) remains intact. Key risks include credit sequential decline, muted July volumes, and slower client acquisition amid flat market activity.