Angel One approves fourth interim dividend of ₹9.60 per share; shares gain 3%
1 min read 22 Mar 2023, 01:49 PM ISTThe record date for determining the eligibility of shareholders for payment of the said interim dividend is 31 March, 2023
PremiumShares of retail brokerage company Angel One Ltd rallied over 3 per cent on Wednesday as the company's board of directors have approved a fourth interim dividend of ₹9.60 per equity share for the financial year 2022-23. The stock was trading at ₹1,127.65 per share, up 3.28 per cent during noon deals.
The record date for determining the eligibility of shareholders for payment of the said interim dividend is 31 March, 2023.
The dividend will be paid on or before 20 April, 2023 to those members, whose names appear on the Register of members or in records of depositories as beneficial owners of the shares as on Friday, March 31, 2023, Angel One said.
Angel One Q3
Angel One Ltd reported a 38 per cent rise in third-quarter profit at ₹228 crore as its client base grew, bringing in higher orders. Angel One's consolidated profit rose for the quarter ended 31 December from ₹165 crore, a year ago.
Average daily trading volumes rose 25.7 per cent for the quarter from a year ago to ₹14.5 lakh crore.
The company's client base expanded by 60.7 per cent to 125 lakh in the third quarter.
Consolidated total revenue from operations rose 20.3 per cent to ₹718 crore.
The company continued to gain market share in total demat accounts, which rose to 11.6 per cent, said Narayan Gangadhar, the company's chief executive officer.
