Angel One FY26 profit ₹915 crore; ₹20,000 crore borrow cap

Key developments from FY26 disclosures

Angel One reported a strong consolidated performance for the year ended March 31, 2026, alongside a set of balance sheet and governance actions. The company said its FY26 consolidated total income rose to ₹5,152.23 crore and consolidated net profit was ₹915.10 crore. For Q4 (January to March 2026), it reported net profit of ₹320.24 crore, pointing to continued profitability even as market conditions turned volatile.

On the corporate actions and capital planning side, the board approved two capital infusions of ₹150 crore each into wholly-owned subsidiaries Angel Fincap Private Limited and Angel One Wealth Limited. It also proposed a higher borrowing limit of up to ₹20,000 crore, subject to shareholder approval at the Annual General Meeting (AGM) scheduled for June 12, 2026. Separately, Angel One said it plans to raise up to ₹1,500 crore through non-convertible debentures (NCDs) via private placement.

FY26 consolidated performance snapshot

Angel One’s FY26 numbers indicate scale-up across multiple revenue streams. The company reported consolidated total income of ₹5,152.23 crore for the year ended March 31, 2026. Consolidated net profit for FY26 stood at ₹915.10 crore.

For the final quarter of FY26, Angel One posted net profit of ₹320.24 crore. The company attributed the quarter’s outcome to operational efficiency despite market volatility. While the update does not provide a full cost and margin breakdown for Q4, it frames the quarter as a period where profitability held up.

Q3 FY26 details: revenue up, profit mixed year-on-year

For the quarter ended December 31, 2025 (Q3 FY26), Angel One reported consolidated revenue of ₹1,334.80 crore, up 5.80% year-on-year and 11.10% sequentially, as disclosed in its Q3 updates. Consolidated profit after tax (PAT) for the quarter was ₹268.60 crore, down 4.50% year-on-year but up 26.9% quarter-on-quarter.

Other Q3 operating metrics disclosed by the company included a 20.4% overall retail equity turnover market share and a demat market share of 16.5%. It also highlighted record activity in commodities, reporting highest-ever orders of 3.5 crore and average daily turnover (ADTO) of ₹1,70,000 crore.

Capital infusions into lending and wealth subsidiaries

Angel One’s board approved a ₹150 crore capital investment into Angel Fincap Private Limited and another ₹150 crore into Angel One Wealth Limited. The company said these infusions are intended to meet working capital requirements and support scaling within lending and wealth management verticals.

The decision is aligned with its stated approach of building diversified revenue streams beyond core broking. In Q3 disclosures, Angel One also discussed traction in emerging businesses, including mutual fund SIP registrations and credit disbursements of ₹710 crore during the quarter.

Borrowing limit proposal and NCD fundraising plan

As part of its longer-term capital strategy, the board proposed enhancing the company’s borrowing limits up to ₹20,000 crore. This proposal requires shareholder approval, which the company plans to seek at the AGM on June 12, 2026.

Angel One also outlined an intent to raise up to ₹1,500 crore through issuance of NCDs via private placement. The stated purpose is to ensure adequate liquidity to support future expansion.

Governance: KPMG appointed internal auditor for FY27

Angel One said it has appointed M/s KPMG Assurance and Consulting Services LLP as its Internal Auditor for the financial year 2026-27. The company positioned this step as strengthening its internal audit framework as operations scale.

The company has also faced regulatory scrutiny in the past, including fines from SEBI for compliance and supervisory issues, as noted in the provided updates. No specific amounts were disclosed in the information shared.

Board actions in January 2026: dividend, stock split, and restructuring withdrawal

At its board meeting on January 15, 2026, Angel One approved unaudited results for the quarter ended December 31, 2025. The board declared a first interim dividend of ₹23 per share and approved a 1:10 stock split, subject to approvals including a postal ballot. The record date for the interim dividend was fixed as January 21, 2026.

The same meeting also saw the board withdraw a proposed business transfer to its wholly-owned subsidiary Angel Securities Limited. The earlier proposal involved transferring securities broking, depository participant, mutual fund distribution, and research analyst businesses. The withdrawal was attributed to a review of internal and external developments.

Upcoming audited results, earnings call, and trading window

Angel One disclosed that its board would meet on April 16, 2026, to approve audited financial results for FY26 and Q4 ended March 31, 2026. It also scheduled an earnings call for April 17, 2026 at 11:00 AM IST to discuss performance.

The company noted a trading window closure as a standard compliance practice. For Angel One, the window began on April 1, 2026 and is to remain closed until 48 hours after the results are officially declared.

Client growth and business momentum indicators

Angel One reported that its client base reached 3.571 crore by December 2025, reflecting 21% year-on-year growth. The company attributed this to its digital-first strategy aimed at younger investors across India.

On the balance sheet-linked businesses, the company disclosed a client funding book of ₹5,860 crore in Q3, up 10.4% sequentially. It also cited credit disbursals of ₹230 crore in Q1 FY26 across six partners, with cumulative disbursals of ₹930 crore within a year of launch.

Market reaction around Q3 results

Following the Q3 results announcement and the board’s dividend and stock split decisions, Angel One shares were reported to have jumped 7.5% on the BSE, hitting an intraday high of ₹2,716 per share. At 9:51 AM, the stock was quoted 7.33% higher at ₹2,710.35.

Summary table of disclosed figures and dates

Why the developments matter for investors

The FY26 profit and income figures set the baseline for evaluating Angel One’s ability to fund growth while maintaining profitability. The proposed borrowing cap of ₹20,000 crore and the planned ₹1,500 crore NCD programme indicate a readiness to expand balance sheet-driven activities, particularly when paired with ₹300 crore of equity infusions into lending and wealth subsidiaries.

At the same time, the Q3 disclosures show that Angel One is tracking business mix and market-share metrics closely, including a reported decline in FnO share to 44.30% from 52.50% year-on-year, signalling a push towards diversification. Investors will likely focus on how these capital actions translate into execution in lending, wealth, and asset management, while monitoring compliance and governance signals such as the internal auditor appointment.

Conclusion

Angel One’s FY26 update combines reported consolidated income of ₹5,152.23 crore and net profit of ₹915.10 crore with clear balance sheet plans, including ₹300 crore of subsidiary capital infusions, a proposed ₹20,000 crore borrowing cap, and an NCD issuance plan of up to ₹1,500 crore. The next immediate milestones are the board’s approval of audited FY26 results on April 16, 2026 and the earnings call scheduled for April 17, 2026, followed by the shareholder vote on borrowing limits at the June 12, 2026 AGM.