Angel One’s Q1 FY26 profit before tax plunged 58.56% YoY as margins fell despite a rising client base and record funding.

• EBDAT dropped 53.64% YoY to ₹194.40 crore; margins fell to 21.8% amid slowing client acquisitions and rising costs.
• Client base grew 31% to 32.47 million; broking client funding book hit a record ₹48,000 crore in June 2025.
• Angel One focuses on tech-led, data-driven fintech services expansion beyond Tier 1 cities to power the next growth phase.