• Financial and operational growth: Despite ₹136 crore in IPL expenses impacting quarter-on-quarter profit, year-over-year revenue grew over 25% and PAT more than doubled. Total users expanded to 3.8 crore, the MTF book exceeded ₹7,000 crore, and Wealth AUM grew over 160% year-over-year to surpass ₹13,440 crore.
• Revenue diversification mix: The core broking business is expected to account for 85–90% over the next two to three years, while non-broking segments like wealth, AMC, and lending scale toward 10% or more. Angel One has also initiated a loan against shares (LAS) pilot through its own NBFC.
• IPL sponsorship commitment: The company has two years remaining on its five-year IPL contract, which is utilized as a brand-building investment to boost top-of-mind recall and consideration.
• Order volume trajectory: Average daily orders rose from 49 lakh in February to 73 lakh in March, averaging about 67 lakh in the fourth quarter before experiencing an expected seasonal tapering in Q1.