Angel One Reports April 2026 Business Update: Client Base Hits 37.79 Mn, Overall Equity ADTO Jumps 130.5% YoY

Angel One Limited released its monthly business parameters update for April 2026, highlighting robust year-on-year growth across client base, trading volumes, and market share metrics. The disclosure was made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and covers key operational indicators for the month.

Client Base and Acquisition Trends

Angel One's total client base expanded to 37.79 Mn in April 2026, registering a year-on-year growth of 20.0% from 31.48 Mn in April 2025, and a sequential increase of 1.1% from 37.39 Mn in March 2026. Gross client acquisition, however, moderated to 0.46 Mn, reflecting a month-on-month decline of 9.1% and a year-on-year decline of 6.2% compared to 0.49 Mn in April 2025.

The average client funding book stood at ₹53.13 Bn in April 2026, down 3.5% sequentially from ₹55.05 Bn in March 2026, though it remained significantly higher—up 35.8%—compared to ₹39.12 Bn in April 2025. Unique MF SIPs registered came in at 576.54 ('000), a marginal decline of 1.6% month-on-month but up 2.9% year-on-year.

Order Activity and Trading Days

April 2026 had 20 trading days, compared to 19 each in March 2026 and April 2025, translating to a 5.3% increase both month-on-month and year-on-year. Total number of orders reached 135.75 Mn, down 3.0% sequentially from 139.98 Mn but up 27.3% year-on-year from 106.61 Mn. Average daily orders stood at 6.79 Mn, declining 7.9% month-on-month from 7.37 Mn, yet growing 21.0% year-on-year from 5.61 Mn.

ADTO Performance

Angel One's Average Daily Turnover (ADTO) metrics showed strong year-on-year momentum across segments. The following table summarizes the ADTO figures:

Metric: Apr '26 Mar '26 Apr '25 M-o-M Growth (%) Y-o-Y Growth (%) Overall ADTO – Notional Turnover (₹ Bn): 52,210 49,957 36,957 4.5% 41.3% F&O ADTO – Notional Turnover (₹ Bn): 49,917 48,032 36,024 3.9% 38.6% Overall ADTO – Option Premium Turnover (₹ Bn): 2,459 2,109 1,067 16.6% 130.5% F&O ADTO – Option Premium Turnover (₹ Bn): 166 184 134 -9.8% 24.0% Cash ADTO (₹ Bn): 94 69 71 35.3% 32.9% Commodity ADTO (₹ Bn): 2,199 1,855 862 18.6% 155.0%

Notably, overall ADTO based on option premium turnover surged 130.5% year-on-year to ₹2,459 Bn, while commodity ADTO jumped 155.0% year-on-year to ₹2,199 Bn. Cash ADTO also posted strong gains, rising 35.3% month-on-month and 32.9% year-on-year to ₹94 Bn.

Retail Turnover Market Share

Angel One recorded sequential improvements in market share across overall equity, equity cash, and equity derivatives segments during April 2026. The table below outlines the retail turnover market share metrics:

Metric: Apr '26 Mar '26 Apr '25 M-o-M Change Y-o-Y Change Overall Equity Market Share – Option Premium (%): 20.5% 19.7% 19.6% 75 bps 89 bps F&O Market Share – Option Premium (%): 22.3% 21.6% 20.6% 63 bps 169 bps Cash Turnover Market Share (%): 17.9% 16.0% 18.0% 193 bps -2 bps Commodity Turnover Market Share (%): 56.7% 57.2% 56.1% -46 bps 61 bps

The cash segment saw a particularly strong sequential gain of 193 bps in market share, rising to 17.9% in April 2026 from 16.0% in March 2026. F&O market share based on option premium turnover improved 169 bps year-on-year to 22.3%. Commodity turnover market share remained dominant at 56.7%, though it edged down 46 bps sequentially.

Management Commentary

According to the company's disclosure, Angel One recorded sequential improvement in market share across overall equity, equity cash, and equity derivatives segments in April 2026. The cash segment saw volumes pick-up in line with expectations. While average daily orders moderated from March 2026 levels—reflecting typical seasonality—they remained above the FY2026 average, indicating sustained strength in underlying client activity. The average client funding book softened during the month, in line with broader industry trends. The above information is as per limited review by the Management Team, and the company intends to provide updates on a monthly basis.

Angel One Limited has completed the allotment of equity shares to its employees under the company's long-term incentive program. The Securities Allotment Committee approved the distribution of shares to eligible employees as part of the Angel Broking Employee Long Term Incentive Plan 2021.

Share Allotment Details

The Securities Allotment Committee, constituted by the Board of Directors, conducted its meeting on April 30, 2026, concluding at 05:09 p.m. The committee approved the allotment of shares with specific parameters outlined in the employee incentive scheme.

Parameter Details Shares Allotted 11,39,549 equity shares Face Value Rs. 1 each Beneficiaries Eligible employees Meeting Date April 30, 2026 Meeting End Time 05:09 p.m.

Updated Capital Structure

Following the completion of this allotment, Angel One Limited's capital structure has been updated to reflect the additional shares issued to employees. The allotment represents the exercise of options under the established employee incentive framework.

Capital Component Amount/Quantity Issued Capital Rs. 911,998,779 Subscribed Capital Rs. 911,998,779 Paid-up Capital Rs. 911,998,779 Total Equity Shares 911,998,779 shares Face Value per Share Rs. 1

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing the stock exchanges about this corporate action. The intimation was made pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015. Company Secretary Naheed Patel signed the regulatory filing, ensuring compliance with the prescribed disclosure requirements for listed companies.

The allotment demonstrates the company's commitment to its employee incentive programs while maintaining transparency with regulatory authorities and stakeholders through timely disclosures.

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