Angel One reported a mixed operating performance for April, with a decline in client additions and trading activity on a month-on-month basis even as overall scale and market share continued to improve.
Shares were up over 1 per cent, hitting a high of ₹318.60 in early trade before trading flat at ₹317.10 from the previous close of ₹314.40.
Gross client acquisition stood at 0.46 million during the month, down 9.1 per cent m-o-m from 0.51 million and 6.2 per cent y-o-y from 0.49 million, indicating a moderation in onboarding momentum. However, the total client base rose to 37.79 million, up 1.1 per cent from 37.39 million in March and 20 per cent higher than 31.49 million a year ago.
Trading activity showed a similar trend, with the number of orders falling 3 per cent m-o-m but rising 27.3 per cent y-o-y to 135.75 million. Average daily orders came in at 6.79 million, down 7.9 per cent from the previous month but up 21 per cent compared with 5.61 million in the year-ago period.
On the turnover front, average daily turnover on a notional basis rose 16.6 per cent m-o-m and surged 130.5 per cent y-o-y to ₹2.45 lakh crore. In the futures and options segment, ADTO declined 9.8 per cent sequentially but increased 24 per cent y-o-y to ₹16,600 crore.
Market share metrics remained strong, with retail turnover market share improving to 20.5 per cent, up 75 basis points m-o-m and 89 basis points y-o-y. Retail F&O market share rose to 22.3 per cent, gaining 63 basis points sequentially and 169 basis points from a year ago.
In the cash segment, market share increased to 17.9 per cent, up 193 basis points m-o-m but largely flat y-o-y. Commodity market share, however, declined 46 basis points from the previous month, though it remained higher by 61 basis points on a yearly basis at 56.7 per cent.