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India
Reported ownership for FY2027-Q2 as of 2026-09-30.
As of 06 Nov 2026, 03:30 pm
Yes. In October 2026, Angel One overtook Zerodha to become India’s second-largest stockbroker by active NSE investors, with 69.98 lakh active users compared to Zerodha’s 67.6 lakh. Groww remains the largest with 1.37 crore active investors.
Angel One reported a client base of 40.60 million (+1.6% month-on-month) and gross client additions of 0.66 million (the highest in nine months). Total orders reached 139.31 million, hitting a seven-month high, while F&O market share also reached an all-time high.
The stock closed at ₹326.15 on November 5, 2026, with a YTD return of +38.0%. Financially, revenue increased 18.7% year-on-year to ₹1,427 crore in Q2 FY27. The technical trend is bullish, though annualized volatility stands at +42.8%.
As of 06 Nov 2026, 03:30 pm
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Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price swings are higher than typical
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
Latest complete financial results for Q2 FY27 and comparative quarterly trends.
| Metric | Q2 FY26 | Q1 FY27 | Q2 FY27(Latest) |
|---|---|---|---|
| Income | ₹1,204.20 crore | PEAK₹1,433.72 crore | ₹1,431.54 crore |
| Interest Earned | ₹379.43 crore | ₹466.87 crore | PEAK₹510.03 crore |
| Other Income | ₹2.44 crore | ₹4.03 crore | PEAK₹4.55 crore |
| Expenses | ₹910.20 crore | PEAK₹1,109.05 crore | ₹973.04 crore |
| Finance Costs | ₹93.20 crore | ₹129.18 crore | PEAK₹147.46 crore |
| Other Expenses | ₹342.68 crore | PEAK₹472.57 crore | ₹344.33 crore |
| Profit Before Exceptional Items And Tax | ₹294 crore | ₹324.67 crore | PEAK₹458.50 crore |
| Profit Loss For Period | ₹211.73 crore | ₹231.40 crore | PEAK₹334.97 crore |
| Tax Expense | ₹82.27 crore | ₹93.27 crore | PEAK₹123.52 crore |
| Basic Earnings Loss Per Share From Continuing And Discontinued Operations | PEAK₹23.39 per share | ₹2.54 per share | ₹3.67 per share |
| Diluted Earnings Loss Per Share From Continuing And Discontinued Operations | PEAK₹22.71 per share | ₹2.46 per share | ₹3.57 per share |
Angel One Limited’s consolidated profit before tax rose 41.2% quarter on quarter to ₹458.50 crore in Q2 FY2026-27, while revenue from operations was nearly flat at ₹1,426.99 crore. Lower expenses and higher interest earned supported the sequential profit increase. Compared with Q2 a year earlier, revenue from operations grew 18.7% and profit before tax rose 56.0%.
Revenue from operations slipped 0.2% from the previous quarter and increased 18.7% year on year. Total income was ₹1,431.54 crore, down 0.2% sequentially and up 18.9% year on year.
Interest earned rose 9.2% quarter on quarter to ₹510.03 crore, an increase of 34.4% from Q2 a year earlier. Fees and commission income from operations was ₹909.50 crore, while net gains on fair value changes contributed ₹7.42 crore. Other income was ₹4.55 crore.
Q2 was marked by a sharp sequential profit recovery despite nearly flat revenue, as total expenses fell and interest earned increased. The loan balance expanded substantially, while total assets and borrowings declined and debt securities rose. Investors will be watching whether the stronger interest-income contribution and lower sequential expense base persist as the lending book grows.
Disclosed bulk and block transactions involving Angel One, shown for the latest 90 days.
Exchange disclosures and regulatory announcements for Angel One.
Angel One Limited reported October 2026 monthly business parameters, including sequential increases in client base, gross client additions, orders and average daily turnover based on notional and option premium turnover. Client base was 40.60 million (+1.6% month-on-month; +17.4% year-on-year), gross client additions were 0.66 million (+44.7%; +16.4%), and orders were 139.31 million (+13.9%; +4.2%). The company said trading activity and client engagement improved; total orders and average daily orders reached seven-month highs, client additions were the highest in nine months, commodity ADTO reached an all-time high, and F&O market share was at an all-time high. Cash and commodity market shares moderated. The update was dated November 4, 2026, and was based on limited review by management.
Angel One Limited redeemed its commercial papers bearing ISIN INE732I14DS2, amounting to ₹200 crore, on their maturity date, November 4, 2026. The company confirmed payment of the redemption amount on that date.
Angel One Limited granted 19,671 restrictive stock units (RSUs) to 3 eligible employees under its LTI Plan 2021, effective November 03, 2026. The RSUs cover 19,671 equity shares of face value Re. 1 each, carry an exercise price of Re. 1, and vest over 4 years. The exercise period begins on vesting and expires 10 years from the respective grant date, or such other period as the NRC may decide. This is a new grant under the scheme, not an allotment of shares on exercise.
Angel One Limited’s Nomination and Remuneration Committee approved a grant of 19,671 restrictive stock units (RSUs) to 3 eligible employees under the Angel Broking Employee Long Term Incentive Plan 2021, effective November 03, 2026. Each RSU is convertible into one equity share of face value Re. 1; the exercise price is Re. 1. The RSUs vest over 4 years, and the exercise period runs from vesting until 10 years from the respective grant date, or such period as the NRC may decide. This is an employee incentive grant, not an allotment of shares on exercise.
Angel One Limited confirmed the redemption and payment of its Commercial Papers (ISIN: INE732I14DR4) with a total value of Rs. 200 Crores on November 03, 2026, which was the maturity date.
Angel One Limited informed the NSE and BSE on October 30, 2026, that its Securities Allotment Committee approved the allotment of 524,942 equity shares to eligible employees under the Angel Broking Employee Long Term Incentive Plan 2021. The approval occurred during a committee meeting held on the same date, resulting in an increase in the company's issued, subscribed, and paid-up capital to Rs. 91,51,19,718 comprising 91,51,19,718 equity shares.
ANGEL ONE LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL
Record Date Updates |SUBJECT: Record Date Updates
Recent market and company developments associated with Angel One.
Angel One has overtaken Zerodha to become India's second-largest brokerage by active investors, marking a shift in the discount broking market. Concurrently, foreign investors are reducing their exposure to India's new-age tech stocks, while the government is clearing additional electronics manufacturing projects with stricter scrutiny on applicant seriousness.
Angel One has overtaken Zerodha to become India's second-largest stockbroker by active NSE investors, adding 2.43 lakh clients in October 2026 while Groww retained the top position with 1.37 crore active users. This marks the first reshuffle among the top three discount brokers in three years, driven by Angel One's highest monthly client additions in nine months and improved trading activity metrics. Despite these gains, Angel One's shares traded slightly lower on the NSE as the company navigated a broader slowdown in retail trading, particularly in the futures and options segment.
Angel One has overtaken Zerodha to become India's second-largest stockbroker by active investors on the National Stock Exchange, with October 2026 data showing Angel One at 69.98 lakh active investors compared to Zerodha's 67.6 lakh. This ranking shift occurs as India's total demat account base approaches 19.7 crore, reflecting sustained retail participation despite regulatory tightening in derivatives trading. Groww retains its position as the largest broker with 1.37 crore active investors, while Angel One reported an 18.7% year-on-year revenue increase to ₹1,427 crore in Q2 FY27.
The Nifty index closed above 23,800 for the first time since August 2026, driven by falling crude prices and strong corporate earnings, while the Sensex rose 1.62 per cent. The Indian rupee extended gains against the US dollar, though crude oil rebounded on geopolitical reports, sustaining market volatility.
Shares of Angel One, CDSL, and Motilal Oswal rose by up to 7% after Finance Minister Nirmala Sitharaman indicated openness to reviewing concerns regarding equity taxation. The market movement reflects investor reaction to the Finance Minister's statement on potential policy adjustments.
The company is rolling out the facility in phases, with access currently available to select users
Investors will track several corporate actions on October 21. VRL Logistics moved its buyback record date to October 22, 2026; JSW Dulux set the same date for its proposed 1:10 stock split. Tips Music announced a ₹6.50 interim dividend, while Angel One declared ₹1.40 per share.
Fintech, Angel One, investment, US Stocks, Bonds, Ambarish Kenghe, Groww, Zerodha
Comprehensive Section Breakdown for Angel One
Strategic Vision: Digital-first investment platform for trading and financial products.
• Digital-first platform with a comprehensive SuperApp
• Extensive network of membership across major Indian exchanges
• Focus on personalized financial journeys and user experience
Total expenses fell 12.3% sequentially to ₹973.04 crore, although they were 6.9% higher than in the year-ago quarter. Other expenses declined 27.1% from the previous quarter to ₹344.33 crore. Employee benefit expense was ₹255.51 crore and fees and commission expense was ₹191.09 crore.
Finance costs increased 14.1% sequentially to ₹147.46 crore and were 58.2% higher year on year. Impairment on financial instruments was a net reversal of ₹19.70 lakh, compared with a ₹55.10 lakh charge in the previous quarter.
Profit for the period attributable to owners of the parent was ₹334.97 crore, up 44.8% quarter on quarter and 58.2% year on year. Tax expense was ₹123.52 crore, up from ₹93.27 crore in the previous quarter.
Basic earnings per share from continuing operations were ₹3.67, compared with ₹2.54 in the previous quarter; diluted earnings per share were ₹3.57, against ₹2.46. The equity share face value was ₹1 at quarter-end, compared with ₹10 in Q2 a year earlier.
Loans stood at ₹7,958.23 crore on 30 September 2026, up 55.2% from 30 June. Interest earned also increased sequentially, although the reported figures do not establish how much of that increase came from loan growth.
Total assets declined 5.1% from the end of June to ₹22,677.05 crore. Bank balances other than cash and cash equivalents fell to ₹12,993.17 crore from ₹16,398.13 crore. Cash and cash equivalents were ₹87.38 crore, down from ₹162.36 crore.
Borrowings decreased to ₹2,236.02 crore from ₹4,926.25 crore, while debt securities rose to ₹5,318.88 crore from ₹2,952.81 crore. Total liabilities fell to ₹15,964.65 crore. Equity increased to ₹6,712.40 crore, including ₹6,667.47 crore attributable to owners of the parent.
Management said revised bank funding norms and the introduction of the Closing Auction Session in cash equities temporarily weighed on broking activity, while client engagement recovered steadily, with average daily orders reaching 5.8 million in September 2026. The average client funding book reached a record ₹74.5 billion in Q2 FY27, up 40.5% year on year. Credit distribution of ₹6.9 billion rose 51.8% year on year, supported by AI and ML-powered underwriting and risk models, and the company began an early beta of Loan Against Securities within its NBFC.
Category: Financial Services
Core business offering clients the ability to trade across various financial markets.
Category: Financial Services
Services provided to institutional clients for their investment and trading needs.
Category: Financial Services
Facilitating the holding and transfer of securities for clients.
Category: Financial Services
Providing clients with funding solutions to facilitate trading activities.
Category: Financial Services
Distributing a range of financial products from other providers.
Category: Financial Services
Offering wealth management solutions including portfolio advisory services.
Category: Financial Services
Acting as a corporate agent for insurance companies to distribute insurance products.
Core Thesis: The company leverages its digital-first 'Angel One SuperApp' to offer a personalized and comprehensive financial journey for investing and trading.
• Digital Transformation: The company transformed into a digital-first entity in 2019, focusing on personalized financial journeys. • Integrated SuperApp: The 'Angel One SuperApp' serves as a central platform for seamless investing and advanced trading with a suite of tools. • Comprehensive Product Offering: Provides access to a wide range of trading segments, investment products, and ancillary financial services. • Technology and Tools: Emphasizes advanced charting, fast order placement, and transparent pricing to enhance user experience.