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 mom from 0.51 million and 6.2 per cent yoy 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 mom but rising 27.3 per cent yoy 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 mom and surged 130.5 per cent yoy to ₹2.45 lakh crore. In the futures and options segment, ADTO declined 9.8 per cent sequentially but increased 24 per cent yoy to ₹16,600 crore.
Market share metrics remained strong, with retail turnover market share improving to 20.5 per cent, up 75 basis points mom and 89 basis points yoy. 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 mom but largely flat yoy. Commodity market share, however, declined 46 basis points from the previous month, though it remained higher by 61 basis points on an annual basis at 56.7 per cent.
Published on May 6, 2026