Angel One –CNBC Interview with CEO N Gangadhar –Q2FY23 -Earning Highlights –17th Oct22 :
–Payout in 1st Friday of the Qtr will be beneficial for us. We are tech enabled so it did not have any impact. Infact the next Monday of the friday transfer –the no. of orders actually went up by consumers.
–Q2FY23–Revenue QnQ change –+7%
EBITDA –17% increase QnQ
PAT –18% increase QnQ
–Revenue per client has been declining ( Q2FY23 its at 430/-per client from 544/- per client last year Q2 ? –As the mkt has expanded , the volumes have gone up and its at all time high & ARPU has declined and it will trend down-wards.
With Economies of scale the order volume is going to go up so we are not really focused on ARPU decline but focus on client acquisitions and tech/innovations.
–The tech and product innovations will increase our margins, we are currently at 45/50% OPM & for the last 3 Qtrs we are operating at 52%
–Added 1.2Mn new clients last Q2FY23 , run rate will be ? –Out of all the brokers in India only a few of us are adding clients , The rate of cust. addition is going to increase as equity participation is only 5% and nationally the country has 8 to 10% additional head-room for growth. So the next 3 yrs we will see the broking industry grow 3 or 4 times & we dont see any slow-down here.
–FY23 growth ? –Client acquisition to grow at 3.5 to 5 lakh clients per month and this will continue for the next 6 months.
–We are a growth company and solely focusing on topline and bottom-line to create share-holder value.
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