Whalesbook
Client Acquisition Momentum
Angel One Ltd. saw its gross client acquisition surge in December, adding 0.68 million new clients, a 35.3% increase from November. While this figure was down 12.8% year-on-year, the company's total client base reached an impressive 35.71 million by the end of December, marking a 21% annual growth. The third quarter also reflected this expansion, with the client base growing 4.8% sequentially and 21% annually.
Market Share Gains
The broking firm bolstered its market position across various segments. In December, its retail turnover market share stood at 20.4%, an increase of 62 basis points from the previous year. Its F&O market share also climbed to 22% in December, up 39 basis points year-on-year. Cash turnover market share saw a 56 basis point increase year-on-year to 17.9% in December. However, commodity turnover market share experienced a significant year-on-year decline.
Shareholder Returns Under Review
Further bolstering its appeal to investors, Angel One announced its board of directors will convene on January 15. The primary agenda will be to consider a stock split, proposing the sub-division of existing equity shares with a face value of ₹10. Additionally, the board will evaluate declaring the company's first interim dividend for the financial year 2026. The company has set January 21 as the record date for determining eligibility for this interim dividend.