Angel One shares drop 7% after June and Q1 FY26 business update

Synopsis

Angel One shares: As of June 2025, the client base reached 32.47 million, marking a 31.3% increase year-on-year and a 1.6% rise from the previous month. Gross client additions for the month were 0.55 million, up 9.3% compared to the previous month but down 41.5% year-on-year.

Angel One shares fell 7% to Rs 2,740 on the BSE in Friday’s trade following the release of its June 2025 and Q1 FY26 business update. The company reported strong growth in client base and mutual fund SIPs, though weakness in trading volumes and F&O turnover weighed on sentiment.

As of June 2025, the client base grew to 32.47 million, up 31.3% year-on-year and 1.6% month-on-month. Gross client acquisition for the month stood at 0.55 million, rising 9.3% sequentially but down 41.5% from a year ago. On a quarterly basis, Angel One added 1.55 million clients, reflecting steady expansion despite a slight dip from Q4 FY25.

The average client funding book surged to Rs 4,708 crore in June, up 17.5% MoM and 55% YoY. For Q1 FY26, it stood at Rs 4,206 crore, a 60.2% YoY increase.

However, trading volumes declined in June. Total orders dropped to 114.95 million, down 5.4% MoM and 31.6% YoY, while average daily orders fell to 5.47 million. Still, quarterly data showed improvement, with 343.11 million orders in Q1 FY26 — a 4.8% rise over Q4 FY25.

Also Read: Suzlon, Adani Ports among 10 stocks that earned upgrades in last 1 month. Check revised target price

Angel One’s Average Daily Turnover (ADTO) based on notional turnover stood at Rs 34,995 crore in June, down 2.3% MoM and 23.5% YoY, largely due to weakness in the F&O segment. In contrast, option premium turnover rose 12.9% MoM and 33.8% YoY to Rs 1,102 crore, while commodity ADTO surged 19.4% MoM and 69.7% YoY to Rs 890 crore.

Also Read: 10 Nifty smallcaps with up to 29 buy calls; analysts see up to 26% upside

Mutual fund SIP registrations remained strong. The company added 736,360 SIPs in June, up 17.2% MoM and 27.8% YoY. For Q1 FY26, total SIPs stood at 1.93 million, a 28.9% YoY increase.

Angel One retained healthy market share across segments in Q1 FY26, with 19.7% in option premium-based equity, 21.0% in F&O, 18.0% in cash, and 57.0% in commodities.

Also Read: Defence outshines all sectors with 35% rally in 2025: What’s driving the surge and will it last?

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

...moreless

...moreless