October 17, 2025

In a surprising twist, Angel One's shares jumped 3.5% on Thursday, October 16, to Rs 2,530 on the BSE, even though the company reported a sharp 50% drop in profit compared to last year. Why this market cheer? Because Angel One showed a strong 85.1% profit rise from the previous quarter! Their profit in Q2 FY25 was Rs 212 crore, up from Rs 114 crore last quarter. Revenue also grew 5.4% sequentially to Rs 1,202 crore. But hold on—the year-on-year picture is grim. Angel One’s consolidated profit for July-September fell by half compared to last year. The main culprit is SEBI's new rules on derivatives trading. Since November last year, SEBI raised minimum contract values and limited weekly index options to just one per exchange. The idea was to stop risky retail speculation, but it also sharply cut trading volumes and broker revenue. Angel One felt the heat as gross client acquisition dropped nearly 42% in October, and total orders fell 26.3% in Q2. Revenue slipped 20.7% year-on-year to Rs 1,202 crore. These hit Angel One hard because derivatives were a major money-spinner. To fight this slowdown, Angel One is not sitting still. Their bold plan is to grow beyond broking. They are expanding into margin funding, wealth management, insurance, loan distribution, and asset management. Experts say this smart move could boost non-broking income over the next 5 to 7 years and lower risk from volatile derivatives trading. Adding fuel to the fire, SEBI hinted in August that it might bring more changes—like longer contract tenures and stricter trading restrictions. This means broking companies like Angel One must stay nimble and adapt fast. In short, Angel One’s journey feels like a rollercoaster. Shares rising, quarterly profit improving, but yearly results showing a tough fight ahead due to new rules. The company’s big bet on fresh business lines could be the golden ticket to a brighter future.

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Tags: Angel one, Sebi regulations, Derivatives trading, Profit decline, Stock market, Brokerage,