Angel One's business updates for the quarter ending September 2026 reveal steady growth despite a subdued market environment. The company’s total client base increased by 17.3% year-on-year, reaching nearly 40 million clients. Although market activity was muted, Angel One maintained strong core business metrics, including growth in client funding and market share in key segments.
- Client base grew 17.3% year-on-year to 39.98 million.
- Gross client acquisition declined 14% year-on-year.
- Average client funding book rose 40% year-on-year to ₹74.5 billion.
- Average daily turnover remained stable year-on-year but dropped 13.9% sequentially.
- Mutual fund SIP registrations declined 19% year-on-year.
What were Angel One's key client base changes in Q2 2026?
Angel One's total client base stood at 39.98 million at the end of September 2026. This represents a 1.1% increase month-on-month and a 17.3% increase compared to 34.08 million clients in the same quarter last year. Despite this growth, gross client acquisition decreased by 14% year-on-year to 1.49 million clients, indicating slower new customer additions during the quarter.
How did Angel One's client funding book perform?
The average client funding book showed strong growth, increasing 40% year-on-year to ₹74.5 billion from ₹53.05 billion in the same period last year. On a month-on-month basis, the funding book grew 6.1% to ₹78.7 billion, up from ₹74.1 billion in the previous month. This growth reflects higher funds available with clients for trading and investment activities.
What were the trends in market activity and turnover?
The average daily turnover (ADTO) was largely unchanged year-on-year at ₹45,134 billion compared to ₹45,087 billion in the same quarter last year. However, sequentially, ADTO dropped 13.9% from ₹52,402 billion in the previous quarter. The subdued market activity contributed to this decline, which may impact the company’s revenue growth.
How did mutual fund SIP registrations change?
Unique mutual fund Systematic Investment Plan (SIP) registrations declined by 19% year-on-year to 19.29 lakh registrations in Q2 2026, down from 23.8 lakh in the same quarter last year. Monthly SIP registrations also fell by 25.3% to 5.87 lakh in September 2026 compared to 7.20 lakh in the previous month.
What did Angel One say about its Q2 performance?
The company stated that despite a challenging market environment, its user base showed underlying strength. While average daily orders moderated sequentially due to subdued market activity, core business metrics remained healthy. Angel One maintained its turnover market share in equity derivatives, expanded the client funding book to a record high, and sustained strong SIP momentum. In the commodities segment, average daily turnover grew 105.5% year-on-year, although market share softened due to significant market expansion.
Frequently Asked Questions
Q: Did Angel One's client base grow in Q2 2026?
A: Yes, the total client base grew 17.3% year-on-year to 39.98 million clients.
Q: How did market activity affect Angel One's turnover?
A: Market activity was subdued, leading to a 13.9% sequential drop in average daily turnover from the previous quarter, although turnover remained stable year-on-year.
Q: What happened to mutual fund SIP registrations?
A: Unique mutual fund SIP registrations declined 19% year-on-year, indicating lower new SIP investments during the quarter.
