Angel One Q3: ₹23 Dividend, 1:10 Stock Split Approved Amidst Revenue Growth

• Angel One reported a Q3 net profit of ₹268.6 crore, a 4.5% year-on-year decrease, but revenue rose 5.8% to ₹1,334.8 crore.
• EBITDA increased by 6.7% year-on-year to ₹529.1 crore, with a slight improvement in EBITDA margin to 39.6%.
• The board approved a first interim dividend of ₹23 per share and a 1:10 stock split (from ₹10 to ₹1 face value).
• Client funding book grew 10.4% QoQ to ₹5,860 crore; unique SIPs reached 23 lakh, and credit disbursals surged 55.7% QoQ to ₹710 crore.
• Wealth management AUM increased 33.7% QoQ to ₹8,220 crore, and asset management launched two new schemes, reaching ₹470 crore AUM.

Why It Matters: Angel One declared a ₹23 dividend and approved a 1:10 stock split despite a slight profit dip, driven by strong revenue growth.