Angel One Profit Rises 58 Percent
Indian brokerage Angel One reported a fifty-eight percent rise in second quarter profit driven by higher trading volumes and growing user numbers. Consolidated profit reached 3.35 billion rupees while operational revenue climbed nearly nineteen percent.
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Angel One posted a 58% rise in second-quarter profit to 3.35 billion rupees ($35.24 million) on Thursday, driven by higher trading volumes. The result topped expectations from analysts tracked by LSEG, who had forecast a profit of 3.33 billion rupees. India continues to see a surge in retail investor participation through low-cost brokerage applications and streamlined digital onboarding.
