Angel One shares surge nearly 9% after co reported 39% YoY jump in Q2 PAT
[hfe_template id='11223']
[ad_1]
Shares of Angel One jumped 8.6% to their day’s high of Rs 2,956.60 on the BSE after the company on Tuesday reported its best-ever quarterly performance across key financial metrics in the three month period ended September 30, 2024. The domestic brokerage on Monday reported a consolidated net profit at Rs 423 crore in Q2FY25, which was up 39% from Rs 304 crore reported by the company in the year ago period. The total revenue from operations in the reported quarter stood at Rs 1,515 crore which was up 44.5% over Rs 1,048 crore reported by the company in the corresponding quarter. On a sequential basis, profit after tax (PAT) was up by 45% as against Rs 293 crore in Q1FY25, the company filing said. Company's consolidated total gross revenues for the reported quarter stood at Rs 1516 crore versus Rs 1,410 crore in Q1FY25, which was a growth of 7.5% on QoQ basis. Also Read: HDFC Life Q2 Results Preview: APE may grow up to 26% YoY, VNB in ...