Angel One Limited  Average Daily Orders M-O-M Grow 17.0%

Angel One Limited demonstrates a significant 17.0% month-on-month growth in Average Daily Orders (ADO) in June 2024, highlighting strong operational performance amidst dynamic market conditions.  

by Damodharan N

Updated Jul 08, 2024

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Angel One Limited Average Daily Orders M-O-M Grow 17.0%

Angel One Limited, a prominent player in India's financial services sector, has revealed impressive growth metrics for the month of June 2024, showcasing a robust 17.0% increase in Average Daily Orders (ADO) compared to May 2024. This surge highlights the company's strong operational performance amidst dynamic market conditions.

Key Highlights:

  1. Monthly Performance: Angel One observed an Average Daily Orders figure of 8.84 million in June 2024, up from 7.56 million in May 2024, marking a significant 17.0% month-on-month growth.
  2. Year-on-Year Comparison: Compared to June 2023, where the Average Daily Orders stood at 4.27 million, this year's performance reflects an impressive 107.1% increase, underscoring substantial year-over-year growth.
  3. Client Base Expansion: The company reported a robust growth in its client base, reaching 24.72 million by June 2024, up from 15.06 million in June 2023, indicating a remarkable 64.2% year-on-year expansion.
  4. Market Share and Turnover: Angel One's market share in various segments, including cash and commodities, also showed positive trends. Notably, the Cash Turnover Market Share increased to 16.4% in June 2024, up from 13.8% in June 2023, showcasing a 259 basis points improvement year-over-year.
  5. Strategic Insights: The company's strategic focus on enhancing client acquisition and expanding its funding book has proven effective, with an Average Client Funding Book of Rs. 30.38 billion, reflecting a substantial 172.1% growth compared to June 2023.

Angel One's notable performance metrics in June 2024, particularly the 17.0% month-on-month growth in Average Daily Orders, underscore its robust operational capabilities and strategic vision. As the company continues to expand its client base and enhance service offerings, it is poised to capitalize on emerging opportunities in India's dynamic financial markets.

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Angel One Limited

Founded in 1996 as a traditional stock brokerage firm, Angel One Limited has evolved into a leading digital-first company in India's financial services sector. Emphasizing customer empathy and technological innovation, Angel One embarked on its digital journey in 2019, revolutionizing the investment landscape with a comprehensive, app-based financial platform.

By prioritizing customer needs and leveraging advanced technology, Angel One has expanded its footprint across diverse geographies, catering to millions of clients including those in tier-2 and tier-3 cities. As of December 2021, the company stands as the largest listed retail broking house in India by active clients on the NSE, reflecting its commitment to excellence and customer-centric approach over 25 years of service.

Angel One Limited Average Daily Orders M-O-M grow 17.0% - FAQs

1. What was the month-on-month growth in Average Daily Orders (ADO) for Angel One in June 2024?    

ADO grew by 17.0% from May 2024.

2. How much did Angel One's client base increase year-on-year as of June 2024?  

The client base grew by 64.2% compared to June 2023.

3. What was the growth percentage in Gross Client Acquisition for Angel One in June 2024?  

Gross Client Acquisition grew by 6.3% compared to May 2024.

4. What was the year-on-year growth in Average Client Funding Book for Angel One in June 2024?  

It grew by 172.1% compared to June 2023.

5. How many Unique MF SIPs were registered by Angel One in June 2024?  

576,180 Unique MF SIPs were registered.

6. What was the year-on-year growth in Number of Orders processed by Angel One in Q1 FY25?  

There was an 85.9% increase compared to Q1 FY24.

7. What was the month-on-month change in Angel One's Cash ADTO in June 2024?  

Cash ADTO increased by 27.8% from May 2024.

8. What was the percentage change in Angel One's Retail Turnover Market Share for Equity F&O in June 2024 compared to June 2023?  

It increased by 56 basis points (bps).

9. How many trading days were there in June 2024 for Angel One?  

There were 19 trading days.

10. What was the growth percentage in Angel One's Commodity ADTO in Q1 FY25 compared to Q1 FY24?  

 The growth percentage in Angel One's Commodity ADTO grew by 35.2%.

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