Detailed Summary
Board Meeting Details
The Board meeting was held at Maple Conference Room, 6th Floor, Ackruti Star, Central Road, MIDC, Andheri East, Mumbai - 400093. It commenced at 02:45 p.m. and concluded at 04:55 p.m.
Key Approvals and Disclosures
1. Financial Results
The Board approved and took on record the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, along with the Limited Review Report by the auditors.
Standalone Financial Highlights (₹ in million):
- Revenue from operations: ₹14,097.51 (Q1 FY27) vs ₹11,170.14 (Q1 FY26)
- Total income: ₹14,134.50 (Q1 FY27) vs ₹11,202.81 (Q1 FY26)
- Profit before tax: ₹3,635.73 (Q1 FY27) vs ₹1,825.92 (Q1 FY26)
- Profit for the period: ₹2,707.39 (Q1 FY27) vs ₹1,339.13 (Q1 FY26)
- Basic EPS: ₹2.97 (Q1 FY27) vs ₹1.48 (Q1 FY26)
- Diluted EPS: ₹2.88 (Q1 FY27) vs ₹1.44 (Q1 FY26)
- Equity share capital: ₹913.52 million
Consolidated Financial Highlights (₹ in million):
- Revenue from operations: ₹14,296.91 (Q1 FY27) vs ₹11,405.31 (Q1 FY26)
- Total income: ₹14,337.18 (Q1 FY27) vs ₹11,430.93 (Q1 FY26)
- Profit before tax: ₹3,246.71 (Q1 FY27) vs ₹1,644.36 (Q1 FY26)
- Profit for the period: ₹2,313.98 (Q1 FY27) vs ₹1,144.68 (Q1 FY26)
- Basic EPS: ₹2.54 (Q1 FY27) vs ₹1.27 (Q1 FY26)
- Diluted EPS: ₹2.46 (Q1 FY27) vs ₹1.23 (Q1 FY26)
Key Financial Ratios (Standalone):
- Operating Margin: 25.79% (Q1 FY27) vs 27.17% (FY26)
- Net Profit Margin: 19.20% (Q1 FY27) vs 20.24% (FY26)
- Current Ratio: 1.24 times
- Total Debt to Total Assets: 0.28 times
2. Dividend Declaration
The Board declared the first interim dividend for FY 2026-27 at the rate of Re. 1 per equity share (face value Re. 1 per share).
- Record date: Tuesday, July 21, 2026
- Payment date: On or before Friday, August 14, 2026
3. Auditor Appointment
The Board approved the intention to appoint M/s. Deloitte Haskins & Sells LLP, Chartered Accountants (Firm Registration No. 117366W/W100018) as Statutory Auditors effective from FY 2027-28. This is subject to regulatory compliances and shareholder approval at the 31st AGM. The appointment is for a term of five consecutive years until the conclusion of the 36th AGM.
4. Utilization of Issue Proceeds
- Amount raised: ₹50 crore
- Amount utilized: ₹49.96 crore
- No deviation or variation in the use of proceeds
5. Security Cover Statement
Additional Information
Employee Stock Incentives:
- During Q1 FY27, the Nomination and Remuneration Committee granted 85,73,114 restricted stock units under the Angel Broking Employee Long Term Incentive Plan 2021.
- As of June 30, 2026, outstanding incentives include 2,64,23,770 restricted stock units, 8,85,880 performance stock units, and 7,94,199 stock options.
- Angel One Wealth Limited (subsidiary) granted 50,41,555 Performance Stock Units and 76,95,818 Restricted Stock Units under AOWL LTI Plan 2024.
Credit Rating:
- ICRA Limited rating of IND AA- (Stable) for Redeemable Non-Convertible Debentures. No change during the quarter.
Significant Expenses:
- Other expenses include IPL sponsorship and related expenses of ₹1,366.22 million (Q1 FY27) and ₹1,267.25 million (FY26).
Segment Information:
- The company operates primarily in one business segment: "Broking and related services."
Subsidiaries and Associate:
- The consolidated results include 12 subsidiaries and 1 associate (Angel One Livwell Life Insurance Limited).
- Six subsidiaries were reviewed by their independent auditors (total revenues ₹78.17 million, net profit ₹15.41 million).
- Two subsidiaries and one associate provided unaudited results (not reviewed by auditors).
Auditor's Review:
- S.R. Batliboi & Co. LLP conducted a limited review of both standalone and consolidated financial results.
- The review provides moderate assurance that the financial results are free from material misstatement.
Enclosures
- Annexure-1: Financial Results with Limited Review Report
- Annexure-2: Details of proposed auditor appointment
- Annexure-3: Statement of utilization of issue proceeds
- Annexure-4: Statement of Security Cover