Angel One Share Price: 17 January 2024
๐ Good News for Angel One: Company’s Net Profit Increases by 14.16% to โน260.3 Crores in Q3
๐ Angel One, a leading brokerage firm, recently announced its financial results for the third quarter ended on 15th January. The company’s net profit for the December quarter increased by 14.16% to โน260.3 crores, compared to โน228 crores in the same quarter last year.
๐น Impressive Performance: Angel One Reports Third Interim Profit of โน1,059 Crores
๐ According to exchange filings, Angel One reported a profit of โน1,059 crores from operations, marking a significant increase of 41.86% compared to the same quarter last year, where the company recorded a profit of โน7,486 crores.
๐ Expanding Customer Base: Angel One Witnesses a 55.5% Increase, Reaching โน1.95 Crores
๐ The company’s customer base in India has grown exponentially, with an annual increase of 55.5% to reach โน1.95 crores. The company’s ownership in demat accounts has also increased by 14%, reaching 241 basis points.
๐ฐ Promising Future Ahead: Angel One Announces Third Interim Dividend of โน12.70 per Share
๐ผ Angel One’s board of directors has announced a third interim dividend of โน12.70 per share for the financial year 2023-24. This dividend represents 41% of the combined interim profit. The record date for determining the eligibility of shareholders for dividend payment is set for 23rd January 2024, and the payment will be made on or before 14th February 2024.
๐ฑ Chairman’s Statement: Angel One’s Digital Assets Continue to Grow
๐ฃ๏ธ Dinesh Thakkar, Chairman and Managing Director of Angel One, stated, “Our digital assets continue to thrive, providing a unique investment experience filled with innovative features. We have enhanced the onboarding process to simplify the user experience and added unique features for both new and existing customers. This will make investing through our app easier and more accessible.”
๐ก In Short: Angel One’s Strong Financial Performance and Promising Outlook
๐ Angel One’s impressive financial results for the third quarter, including a significant increase in net profit, expanding customer base, and the announcement of a generous interim dividend, reflect the company’s strong position in the brokerage industry. With its focus on digital innovation and customer-centric approach, Angel One is poised for continued success in the future.
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