Latest news with #AmbarishKenghe
Time of India
23-07-2025
- Business
- Time of India
Angel One to invest Rs 400 cr in life insurance JV with Singapore's Livwell
Mumbai: Domestic brokerage Angel One on Wednesday announced a plan to invest at least Rs 400 crore in a life insurance company in a joint venture with Singapore's Livwell Holding Company . The domestic company, which has interests across the financial services landscape, will hold a 26 per cent stake in the venture while its Singaporean partner will hold the rest 74 per cent, a statement said. Explore courses from Top Institutes in Please select course: Select a Course Category others Public Policy Degree Others Healthcare PGDM Management Product Management Technology Data Science Finance Leadership MBA Data Analytics Data Science CXO Project Management Cybersecurity Digital Marketing MCA healthcare Artificial Intelligence Design Thinking Operations Management Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details This will be a 'digital-first' life insurance company, the statement said, adding that India is "overwhelmingly" under insured. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indonesia: New Container Houses (Prices May Surprise You) Container House | Search ads Search Now Undo "As India embraces digital financial services, insurance too must be accessible, transparent and seamlessly delivered through trusted platforms," Angel One's group chief executive Ambarish Kenghe said. Wilf Blackburn , ex-regional CEO of Prudential Asia, is proposed to chair the proposed venture, while Nikhil Verma , former deputy CEO of Aviva Vietnam, is proposed to lead as CEO. Live Events Livwell is backed by PE major Olympus Capital, who has other bets including HDFC Bank , CreditAccess Grameen , Thai Credit Bank, Karur Vysya Bank , Utkarsh SFB and CreditAccess Life Insurance. "India presents a unique opportunity not just because of the protection gap, but because consumer expectations have fundamentally evolved. With Angel One's digital reach and market credibility, we see a strong alignment to build a next-generation digital-insurer that is relevant to today's customers, accessible and future-ready," Verma said.
News18
23-07-2025
- Business
- News18
Angel One to invest Rs 400 cr in life insurance JV with Singapores Livwell
Agency: PTI Mumbai, Jul 23 (PTI) Domestic brokerage Angel One on Wednesday announced a plan to invest at least Rs 400 crore in a life insurance company in a joint venture with Singapore's Livwell Holding Company. The domestic company, which has interests across the financial services landscape, will hold a 26 per cent stake in the venture while its Singaporean partner will hold the rest 74 per cent, a statement said. This will be a 'digital-first' life insurance company, the statement said, adding that India is 'overwhelmingly" under insured. 'As India embraces digital financial services, insurance too must be accessible, transparent and seamlessly delivered through trusted platforms," Angel One's group chief executive Ambarish Kenghe said. Wilf Blackburn, ex-regional CEO of Prudential Asia, is proposed to chair the proposed venture, while Nikhil Verma, former deputy CEO of Aviva Vietnam, is proposed to lead as CEO. Livwell is backed by PE major Olympus Capital, who has other bets including HDFC Bank, CreditAccess Grameen, Thai Credit Bank, Karur Vysya Bank, Utkarsh SFB and CreditAccess Life Insurance. 'India presents a unique opportunity not just because of the protection gap, but because consumer expectations have fundamentally evolved. With Angel One's digital reach and market credibility, we see a strong alignment to build a next-generation digital-insurer that is relevant to today's customers, accessible and future-ready," Verma said. PTI AA MR view comments First Published: July 23, 2025, 21:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Standard
17-07-2025
- Business
- Business Standard
Angel One Q1 PAT tanks 61% YoY to Rs 114 cr
Angel One's consolidated net profit declined 60.89% to Rs 114.47 crore on a 18.85% fall in total revenue from operations to Rs 1,140.5 crore in Q1 FY26 over Q1 FY25. Profit before tax tanked 58.56% year on year to Rs 164.44 crore in the quarter ended 30 June 2025. Consolidated earnings before depreciation, amortization, & taxes (EBDAT) in Q1 FY26 stood at Rs 194.40 crore (down 53.64% YoY). EBDAT margin slipped to 21.8% in Q1 FY26 as against 37.7% posted in Q1 FY25. In Q1 FY26, client base jumped 31.35% to 32.47 million, compared with 24.72 million Q1 FY25. The companys gross client acquisition fell 41.5% to 0.55 million in June 2025 as against 0.94 million in June 2024. The company's broking client funding book hits record high of Rs 48,000 crore as of June 2025. Angel One's asset management arm launches 2 new schemes in Q1FY26, taking total to 5; AUM at Rs 340 crore as of June 2025. Dinesh Thakkar, chairman & managing director said, India is at the cusp of a financial revolution, with digital adoption accelerating and vast sections still underserved. At Angel One, we are using technology, data and AI to bridge the gap, creating smarter and more inclusive access to financial services. Our product-agnostic fintech platform already addresses the full spectrum of client needs, from investing and borrowing to protecting and planning, through one seamless, trusted experience. With the next wave of growth coming from beyond Tier 1 cities, the opportunity for inclusive impact is both vast and urgent. Powered by data and platform intelligence, our focus remains on delivering low-cost, high-engagement services at scale, strengthening our position as Indias most client-centric, technology-driven fintech platform. We are building Angel One to grow with every clients financial journey intelligent, responsive and designed to empower a billion lives. Ambarish Kenghe, Group CEO said, Angel Ones platform continues to deliver healthy performance in a dynamic business environment. This quarter we added over 1.5 million clients and maintained a stable market shares of 15.3% in NSE active clients and 19.7% in overall retail equity turnover, a testament to the resilience and scalability of our model. We are embedding intelligence across every layer of our operations, harnessing the power of data, AI and advanced analytics to deliver more meaningful engagement, improve retention and drive greater efficiency across the ecosystem. These capabilities are enabling us to deepen client relationships, unlock higher lifetime value and sustained operating leverage, even as we diversify revenues through credit, wealth and asset management verticals that are scaling steadily. Our brand investments, including IPL and other high-visibility digital campaigns, are building trust, credibility and recall at scale, laying a strong foundation for broader adoption and cross-sell our expanding product suite. As we grow, our focus remains on disciplined execution, innovation and staying ahead of evolving client needs. We are confident that our intelligent, data driven platform will continue to compound value, strengthen our leadership position and take us closer to our vision of being Indias most trusted fintech platform, empowering a billion lives through the power of data and technology. Angel One is the largest listed retail stock broking house in India in terms of active clients on NSE. The company provides broking and advisory services, margin funding, loans against shares, and distribution of third-party financial products to its clients. The broking and allied services are offered through online and digital platforms and a network of authorized persons. Shares of Angel One rose 1.98% to Rs 2,768.95 on the BSE.
Economic Times
21-04-2025
- Business
- Economic Times
Angel One shares rally 5% on announcing Rs 26 dividend despite Q4 profit slump. Here's what brokerages say
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Angel One climbed as much as 5.4% on Monday to Rs 2,483.75 on the BSE after the stockbroker firm announced a final dividend of Rs 26 per share for FY25, despite posting a sharp decline in quarterly profit and broking firm's consolidated net profit for the January–March quarter fell 48.7% year-on-year to Rs 174.5 crore, while revenue declined 22.2% to Rs 1,056 crore. Operating margins also contracted to 32.5% from 39% in the same period a year ago, with EBITDA dropping 35.3% to Rs 342.8 Securities downgraded the stock to "Add" from "Buy" and cut its target price to Rs 2,500 from Rs 3,000, citing an expected earnings trough in the first half of FY26 due to weak market conditions and regulatory headwinds. The revised target implies a potential upside of about 0.7% from Monday's brokerage said it expects a rebound in Angel One's earnings with a projected PAT of Rs 8.3 billion in FY26, and Rs 12.5 billion in FY27. Over the longer term, ICICI Securities sees potential for significant recovery, projecting a PAT of Rs 15 billion by Securities, however, maintained a 'Buy' rating and set a target price of Rs 2,850, implying a potential upside of nearly 15% from current levels. 'Net revenue and PAT collapsed 31% and 60% versus Q2 FY25, while high acquisition costs and IPL-related spends also took a toll,' HDFC Securities said in a research note. 'We believe F&O activity has now stabilised and is likely to start improving on a sequential basis.'Angel One's Q4 performance reflected the full impact of regulatory changes in the equity derivatives segment, with average daily orders declining to 5.3 million from a peak of 8.8 million in June 2024. F&O orders dropped 25.6% quarter-on-quarter, according to ICICI company also reported a 5.5% sequential drop in its margin trading funding (MTF) book to Rs 38.5 billion and a 10.2% fall in total borrowings to Rs 33.8 billion. Interest income declined 3.3% quarter-on-quarter to Rs 3.4 the weak quarter, Angel One's leadership highlighted strong annual performance. Chairman and Managing Director Dinesh Thakkar said FY25 was a 'transformative year,' while Group CEO Ambarish Kenghe noted the company achieved record client additions and its highest-ever annual One's board has recommended the Rs 26 per share final dividend, to be paid within 30 days of the Annual General Meeting. The stock remains down 29% from its 52-week high of Rs 3,502.60 hit in December.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
21-04-2025
- Business
- Time of India
Angel One shares rally 5% on announcing Rs 26 dividend despite Q4 profit slump. Here's what brokerages say
Shares of Angel One climbed as much as 5.4% on Monday to Rs 2,483.75 on the BSE after the stockbroker firm announced a final dividend of Rs 26 per share for FY25, despite posting a sharp decline in quarterly profit and revenue. The broking firm's consolidated net profit for the January–March quarter fell 48.7% year-on-year to Rs 174.5 crore, while revenue declined 22.2% to Rs 1,056 crore. Operating margins also contracted to 32.5% from 39% in the same period a year ago, with EBITDA dropping 35.3% to Rs 342.8 crore. ICICI Securities downgraded the stock to "Add" from "Buy" and cut its target price to Rs 2,500 from Rs 3,000, citing an expected earnings trough in the first half of FY26 due to weak market conditions and regulatory headwinds. The revised target implies a potential upside of about 0.7% from Monday's high. The brokerage said it expects a rebound in Angel One's earnings with a projected PAT of Rs 8.3 billion in FY26, and Rs 12.5 billion in FY27. Over the longer term, ICICI Securities sees potential for significant recovery, projecting a PAT of Rs 15 billion by FY27E. HDFC Securities, however, maintained a 'Buy' rating and set a target price of Rs 2,850, implying a potential upside of nearly 15% from current levels. 'Net revenue and PAT collapsed 31% and 60% versus Q2 FY25, while high acquisition costs and IPL-related spends also took a toll,' HDFC Securities said in a research note. 'We believe F&O activity has now stabilised and is likely to start improving on a sequential basis.' Angel One's Q4 performance reflected the full impact of regulatory changes in the equity derivatives segment, with average daily orders declining to 5.3 million from a peak of 8.8 million in June 2024. F&O orders dropped 25.6% quarter-on-quarter, according to ICICI Securities. The company also reported a 5.5% sequential drop in its margin trading funding (MTF) book to Rs 38.5 billion and a 10.2% fall in total borrowings to Rs 33.8 billion. Interest income declined 3.3% quarter-on-quarter to Rs 3.4 billion. Despite the weak quarter, Angel One's leadership highlighted strong annual performance. Chairman and Managing Director Dinesh Thakkar said FY25 was a 'transformative year,' while Group CEO Ambarish Kenghe noted the company achieved record client additions and its highest-ever annual profit. Angel One's board has recommended the Rs 26 per share final dividend, to be paid within 30 days of the Annual General Meeting. The stock remains down 29% from its 52-week high of Rs 3,502.60 hit in December. Also read | Angel One shares slump 6% after reporting 49% YoY drop in Q4 PAT ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
