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Angel Broking shares surge 13%, hits record high after robust Q1 show:

angelbroking

Angel Broking share price hit record high on July 16, surging over 13 percent intraday after the company declared its Q1 numbers.

ngel Broking reported 19 percent increase in consolidated net profit to Rs 121.37 crore in Q1 FY22 over Q4 FY21. he stock broker’s consolidated net profit jumped 156.6 percent while revenue from operations jumped 94 percent in Q1 FY22 over Q1 FY21.

Total income stood at Rs 474.5 crore in Q1 FY22 as against Rs 418.9 crore in Q4 FY21, a growth of 13 percent QoQ. The board, in its meeting held on July 15 also approved the change of name of the company from ‘Angel Broking Limited’ to ‘Angel One Limited’ or Angel One Fintech Limited’ or any other name as may be approved by the Central Registration Center of Ministry of Corporate Affairs.

News Source:- Moneycontrol

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