Share News: Angel One surges 14%, impact of Damdara performance after Q2 results

The stock of brokerage firm Angel One is seeing a rise of more than 14% on Tuesday (October 15). The company has released the results of the second quarter of the financial year 2025 a day earlier. The company's results have been strong on the operational front. However, the income has been weaker than estimates. In the September quarter, Angel One's income grew 8% on a quarter-on-quarter basis to ₹ 1,515 crore. Talking about interest income, it has also reached ₹ 359 crore with a growth of 22% on a quarterly basis. Whereas, gross booking income increased by 2% to ₹ 936 crore.

EBITDA margin is also seeing an improvement of 1,000 basis points on a quarterly basis. EBITDA margin increased to 44.4% as against 33.5% in the June quarter. The company's profit increased by 45% on a quarterly basis to Rs 423 crore. During the July-September quarter, Angel One's gross client acquisition has increased by 41% year-on-year to 30 lakhs. It has a growth of 15.9% as compared to the June quarter. Stock performance Angel One's stock is seen trading at ₹ 3,095 per share with a gain of more than 13%. In the last 4 days, this stock has shown a gain of 14% amid continuous rise. This stock has seen a great recovery from the low level of ₹ 2,025 per share. This stock had slipped to this level in July 2024 itself. From this level, the stock has shown a recovery of more than 50%. The stock of Angel One was up 19% in August itself. But, there was no special action in the stock in the month of September and it was at a flat level. So far in October, the stock has seen a rise of 17%. Out of the 9 analysts who have included this stock in the coverage list, 6 have given the opinion of Buy. Whereas, 2 have given the opinion of Hold and 1 has given the opinion of Sell. After the results, today this company will make an earnings call, where clarity will be available on the impact due to the tough rules related to F&O. Along with this, information will also be available about volume and future strategy to deal with such risks. 

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