Angel One has appointed Manmohan Singh as Group Chief Risk Officer. Before joining Angel One, Manmohan served as Head of Enterprise Risk Management (ERM), Operational Risk Management (ORM) and Credit and Market Risk at Aditya Birla Capital Group where he was responsible for leading the `Centre of Excellence` for overseeing such risks across all businesses, including lending, insurance, broking and mutual funds. He has been pivotal in enhancing risk management practices and driving strategic initiatives for the Group. Manmohan also held the position of Chief Risk Officer at Fincare Small Finance Bank and Head - Enterprise Risk at IDFC FIRST Bank Ltd. He also led the Credit Administration Department for Wholesale Banking at Yes Bank. Manmohan is a Chartered Accountant (CA), Financial Risk Manager (FRM) and holds a Diploma in Information System Audit (DISA).Powered by Capital Market - Live News

Angel One`s client base increased to 25.79 million in month of July 2024, compared to 24.72 million in June 2024 and 15.65 million in July 2023. Average client funding book stood at Rs 3732 crore in July 2024, recording a MoM growth of 22.8% and YoY growth of 216.4%. No. of orders stood at 17.13 crore in July 2024, recording a MoM growth of 2% and YoY growth of 57.1%. Average daily turnover in overall equity segment stood at Rs 43,48,700 crore in July 2024, recording a MoM decline of 4.9% and YoY growth of 54.5%.Average daily turnover in F&O segment stood at Rs 42,79,100 crore in July 2024, recording a MoM decline of 5.1% and YoY growth of 54.3%.Average daily turnover in cash segment stood at Rs 11,300 crore in July 2024, recording a MoM growth of 6.7% and YoY growth of 160.4%.Average daily turnover in commodity segment stood at Rs 58,300 crore in July 2024, recording a MoM growth of 11.2% and YoY growth of 128.1%.Powered by Capital Market - Live News

Angel One announced that the 28th Annual General Meeting (AGM) of the company will be held on 9 August 2024.Powered by Capital Market - Live News

Angel One has granted 1,724 Restrictive Stock Units (RSUs) convertible into equal number of equity shares of the Company of face value of Rs.10 each to 2 (Two) eligible employees of the Company under the Angel Broking Employee Long Term Incentive Plan 2021 (LTI Plan 2021). Powered by Capital Market - Live News

Net profit of Angel One rose 32.57% to Rs 292.73 crore in the quarter ended June 2024 as against Rs 220.81 crore during the previous quarter ended June 2023. Sales rose 74.05% to Rs 1405.45 crore in the quarter ended June 2024 as against Rs 807.51 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1405.45807.51 74 OPM %33.4739.68 - PBDT419.45305.64 37 PBT396.83296.70 34 NP292.73220.81 33 Powered by Capital Market - Live News