1st Interim Dividend of Rs 11 For FY25: January 21 Record Date, Payable By February 12; Buy For Passive Income

According to the number of active clients on the NSE, Angel One Limited is the largest retail stock broking company in India. Angel One is a technology-driven financial services firm that offers its customers margin funding, advisory and broking services, and distribution of third-party financial products.

Angel One Dividend

"The Board has declared 1st Interim Dividend for the Financial Year 2024-25 at the rate of Rs. 11 .00/- per share on equity shares having face value of Rs. 10 per share, as on the Record date. Further, as already intimated, the Record Date for determining eligibility of shareholders for payment of the said Interim Dividend, as declared by the Board of Directors shall be Tuesday, January 21, 2025. The dividend shall be paid on or before February 12, 2024 to those members, whose names appear on the Register of Members or in records of Depositories as beneficial owners of the shares as on the closure of business hours of Tuesday, January 21, 2025, which is the Record Date fixed for the purpose," said Angel One in a stock exchange filing.

Angel One Q3 Results

In comparison to the Rs 260.31 crore reported in Q3 FY24, Angel One reported an 8.1% rise in consolidated net profit to Rs 281.47 crore in Q3 FY25. In the quarter that concluded on December 31, 2024, revenue from operations increased 19.2% year over year to Rs 1,262.21 crore. In Q3 FY25, total income increased 19.1% to Rs 1263.80 crore from Rs 1,060.84 crore in Q3FY24. In Q3 of FY25, EBITDA was Rs 414 crore, up 14% year over year and down 31% quarter over quarter. In Q3 FY25, the EBDAT margin was 42%, as opposed to 49.9% in Q2 FY25 and 44% in Q3 FY24.

Mr. Dinesh Thakkar, Chairman & Managing Director said, "India's capital market remains on a growth trajectory, reflecting increasing trust among retail investors. The evolving regulatory landscape has fostered greater client confidence, ensuring long-term retention and participation. While a few regulations introduced this quarter caused a temporary industry-wide impact, we are confident that our aggressive client acquisition strategy, coupled with the normalisation of client activity, will drive renewed growth momentum in the coming quarters."

"We continued to invest in the SuperApp, which is becoming the preferred digital product for clients. This quarter, we launched the beta version of the insurance journey on the SuperApp, further strengthening our client relationships. We also secured regulatory approvals to launch our mutual fund and portfolio management services under Angel One Asset Management Ltd. and Angel One Wealth Ltd., respectively, advancing our transformation into a comprehensive non-banking financial services platform," he added.

"Our focus remains on achieving sustainable growth while maintaining strong controls over unit economics. Our digital model enables economies of scale with superior LTVs, allowing us to sustain robust profitability metrics in a dynamic external environment. The Board of Directors has approved reinstating dividend distribution at 35% of the quarterly consolidated profits," Dinesh Thakkar commented.

Angel One Share Price Target

Hardik Matalia - Derivative Analyst at Choice Broking said ANGELONE is currently trading around Rs 2,375 and has formed a bullish hammer pattern on the daily chart near a critical support zone, indicating potential reversal signals. If the stock manages to close near today's higher levels, it would confirm the bullish hammer formation, which is typically a positive sign for a trend reversal. The reversal observed today has occurred around the 0.786% Fibonacci retracement level, further strengthening the probability of a bounce from current levels.

The upward movement is also supported by increased trading volumes, reflecting buying interest at lower levels. RSI is currently around 24, indicating oversold conditions, which can often lead to a technical rebound. Despite this, ANGELONE remains significantly below all its key moving averages, including short-term, medium-term, and long-term EMAs. This suggests the possibility of a corrective bounce to retest these averages if buying momentum sustains, according to Hardik Matalia.

"A sustainable close above the Rs 2,400 mark could trigger further upward movement, potentially testing the Rs 2,700 to Rs 2,850 levels in the short to medium term. The confluence of a bullish candlestick pattern, Fibonacci support, and oversold RSI strengthens the bullish case for a technical rebound. Traders seeking short-term gains may consider buying only on a confirmed close above Rs 2,400, with a strict stop-loss set at Rs 2,270 to manage risk effectively. Upside targets could be around Rs 2,700-2,850 if the momentum sustains while maintaining caution due to the overall weak trend," claimed Hardik Matalia.

Disclaimer

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