Angel One Profit Slumps
- 17th April 2025
Aaj Ka Bazaar
US equity markets declined sharply after Federal Reserve Chair Jerome Powell indicated signs of a slowdown in economic growth. Speaking at the Economic Club of Chicago, Powell noted that higher-than-expected tariffs could lead to elevated inflation and slower growth, though he emphasized that the Fed would await further data before adjusting interest rates. Among the major indices, the Nasdaq Composite registered the steepest decline, weighed down by Nvidia’s warning of significant charges stemming from new the US restrictions on chip exports to China. In contrast, Asian markets reflected a more optimistic tone. The Nikkei posted strong gains, supported by bullish sentiment in technology and export-driven stocks, aided by favorable global cues and currency movements. The Hang Seng also rebounded as investors monitored developments in the US tariff negotiations. Back home, domestic indices are likely to open on a muted note, as suggested by GIFT Nifty. With the earnings season underway, market sentiment is expected to be driven by corporate results. Key earnings to watch today include Jio Financial Services, HDFC Life, and Infosys.
Markets Around Us
BSE Sensex – 76,743.65 (-0.39%)
Nifty 50 – 23,309.70 (-0.54%)
Bank Nifty – 53,142.75 (0.05%)
Dow Jones – 39,938.37 (0.68%)
Nasdaq – 16,307.16 (-3.07%)
FTSE – 8,275.60 (0.32%)
Nikkei 225 – 34,226.19 (0.90%)
Hang Seng – 21,367.81 (1.48%)
Sector: StockBroking
Angel One Tumbles On Profit Plunge
Angel One shares dropped after the company reported a 49% year-on-year decline in net profit for Q4FY25, falling to ₹174.5 crore. Quarter-on-quarter, profit fell 38%, and total income also dropped 16% to ₹1,057.8 crore. Operating earnings (EBDAT) slipped 36%. Despite the weak earnings, Angel One added more clients—its total client base rose 39.5% YoY to 3.1 crore, and its share in India’s demat accounts increased to 16.1%. However, new client additions fell 43.9% YoY. The number of active clients on NSE grew 24% YoY to 76 lakh, helping the company maintain its position as the third-largest by active clients. Angel One declared a ₹26 final dividend per share. Looking ahead, the company remains optimistic about long-term growth, believing that ongoing regulatory changes will support a stronger, more transparent market environment.
Why it Matters:
Angel One’s steep drop in Q4 profit highlights growing challenges in the broking industry, despite market participation rising. The company’s strong growth in client base shows retail interest remains strong, but declining income and profitability raise concerns. This earnings miss and share price fall could affect sentiment across the entire broking sector.
NIFTY 50 GAINERS
ICICI BANK – 1382.00 (1.89%)
GRASIM – 2737.80 (1.29%)
HDFCBANK– 1896.10 (0.96%)
NIFTY 50 LOSERS
WIPRO – 233.60 (-5.67%)
HCLTECH – 1393.10 (-2.70%)
HEROMOTOCO- 3687.10 (-2.51)
Sector : Financial Institution
IRFC Jumps as GST Demand Cancelled
IRFC shares are likely to be in focus after the Madras High Court cancelled a ₹230.55 crore GST demand against the company. The court accepted IRFC’s appeal and asked the tax department to review the matter again, allowing IRFC to submit its objections and documents within four weeks. A personal hearing will be scheduled before any fresh order is passed. This brings temporary relief to IRFC, as the earlier tax demand is no longer valid for now. Although the case is not fully closed, the company no longer has to account for this large tax amount immediately. IRFC also clarified that this development has no impact on its financial statements and there are no legal cases against its top management. This legal win removes uncertainty around
Why it Matters:
The Madras High Court cancelling IRFC’s ₹230.55 crore GST demand eases a major financial burden for the company. It clears legal uncertainty and boosts investor confidence in the near term. While the case will be reviewed again, this development supports a more stable outlook for the stock.
Around the World
Asian currencies traded mixed today as investors weighed the impact of persistent U.S.–China trade tensions and awaited fresh cues from central banks. The Indian rupee held steady after yesterday’s gains, while the Japanese yen edged slightly lower on profit booking. The Chinese yuan remained under pressure despite strong Q1 growth, as uncertainty around U.S. tariff exemptions lingered. Meanwhile, the South Korean won reacted positively after the central bank held rates unchanged, in line with expectations. Currency markets remained cautious overall, with traders focusing more on geopolitical risks and potential Fed signals than on regional economic indicators.
Option Traders Corner
Max Pain
Nifty 50 – 23300
Bank Nifty – 52500
Nifty 50 – 23387 (Pivot)
Support – 23,322, 23,208, 23,143
Resistance – 23,501, 23,566, 23,681
Bank Nifty – 52243 (Pivot)
Support – 51,999, 51,620, 51,376
Resistance – 52,917, 52,224, 51,978
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Did you know?
India’s Retail Investor Surge: Market Participation Hits Record Highs in 2024
India’s stock market has seen a 36% rise in retail participation, with over 50 million investors active by 2024. This surge is driven by increased financial literacy, digital trading platforms, and government initiatives. Systematic Investment Plans (SIPs) have also gained popularity, with monthly contributions hitting ₹14,000 crore in early 2025. These trends reflect growing confidence in India’s equity markets.
