{"id":73143,"date":"2026-04-17T12:50:43","date_gmt":"2026-04-17T07:20:43","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=73143"},"modified":"2026-04-17T12:50:44","modified_gmt":"2026-04-17T07:20:44","slug":"angel-one-q4-fy26-results-pat-320-crore-borrowing-limit-20000-crore","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/angel-one-q4-fy26-results-pat-320-crore-borrowing-limit-20000-crore\/","title":{"rendered":"Angel One Q4 FY26 Results: PAT \u20b9320 Crore (+19% QoQ), Revenue \u20b91,467 Crore, FY26 Annual PAT \u20b9915 Crore \u2014 Borrowing Limit Hiked to \u20b920,000 Crore"},"content":{"rendered":"<p>Angel One Limited \u2014 India&#8217;s largest listed retail stockbroker \u2014 declared its Q4 FY26 results on April 16, 2026. Consolidated gross revenues for Q4 FY26 reached \u20b91,467.2 crore \u2014 up 9.7% quarter-on-quarter from Q3&#8217;s \u20b91,337.2 crore. PAT for the quarter was \u20b9320.24 crore, up approximately 19.1% sequentially from \u20b9269 crore in Q3 FY26. For the full financial year FY26, Angel One delivered revenue of \u20b95,136.6 crore and PAT of \u20b9915.10 crore (\u20b99,150.99 million), with basic EPS of \u20b910.09 per share.<\/p><p>The board approved several significant capital allocation decisions: raising the company&#8217;s borrowing limit to \u20b920,000 crore (subject to shareholder approval at the AGM on June 12, 2026), investing \u20b9150 crore each into wholly-owned subsidiaries Angel Fincap Private Limited and Angel One Wealth Limited, and raising \u20b950 crore through a private placement of non-convertible debentures during Q4. These moves collectively signal an aggressive scaling of the lending and wealth management verticals.<\/p><p>Get live research on Angel One and broking sector on <a href=\"https:\/\/univest.in\/user\/log-in\">Univest<\/a>.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/angel-one-q4-fy26-results-pat-320-crore-borrowing-limit-20000-crore\/#Angel_One_Q4_FY26_Financial_Results\" title=\"Angel One Q4 FY26 Financial Results\">Angel One Q4 FY26 Financial Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/angel-one-q4-fy26-results-pat-320-crore-borrowing-limit-20000-crore\/#Sequential_Recovery_The_Key_Narrative\" title=\"Sequential Recovery: The Key Narrative\">Sequential Recovery: The Key Narrative<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/angel-one-q4-fy26-results-pat-320-crore-borrowing-limit-20000-crore\/#The_%E2%82%B920000_Crore_Borrowing_Limit_What_It_Signals\" title=\"The \u20b920,000 Crore Borrowing Limit: What It Signals\">The \u20b920,000 Crore Borrowing Limit: What It Signals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/angel-one-q4-fy26-results-pat-320-crore-borrowing-limit-20000-crore\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/angel-one-q4-fy26-results-pat-320-crore-borrowing-limit-20000-crore\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/angel-one-q4-fy26-results-pat-320-crore-borrowing-limit-20000-crore\/#1_What_was_Angel_Ones_Q4_FY26_PAT\" title=\"1. What was Angel One&#8217;s Q4 FY26 PAT?\">1. What was Angel One&#8217;s Q4 FY26 PAT?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/angel-one-q4-fy26-results-pat-320-crore-borrowing-limit-20000-crore\/#2_What_was_Angel_Ones_Q4_FY26_revenue\" title=\"2. What was Angel One&#8217;s Q4 FY26 revenue?\">2. What was Angel One&#8217;s Q4 FY26 revenue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/angel-one-q4-fy26-results-pat-320-crore-borrowing-limit-20000-crore\/#3_What_is_the_Angel_One_borrowing_limit_increase\" title=\"3. What is the Angel One borrowing limit increase?\">3. What is the Angel One borrowing limit increase?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/angel-one-q4-fy26-results-pat-320-crore-borrowing-limit-20000-crore\/#4_What_is_Angel_Ones_client_base\" title=\"4. What is Angel One&#8217;s client base?\">4. What is Angel One&#8217;s client base?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/angel-one-q4-fy26-results-pat-320-crore-borrowing-limit-20000-crore\/#5_What_investments_did_Angel_One_approve_for_subsidiaries\" title=\"5. What investments did Angel One approve for subsidiaries?\">5. What investments did Angel One approve for subsidiaries?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/angel-one-q4-fy26-results-pat-320-crore-borrowing-limit-20000-crore\/#6_What_is_Angel_Ones_FY26_EPS\" title=\"6. What is Angel One&#8217;s FY26 EPS?\">6. What is Angel One&#8217;s FY26 EPS?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/angel-one-q4-fy26-results-pat-320-crore-borrowing-limit-20000-crore\/#7_When_do_TCS_announce_Q4_results\" title=\"7. When do TCS announce Q4 results?\">7. When do TCS announce Q4 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/angel-one-q4-fy26-results-pat-320-crore-borrowing-limit-20000-crore\/#8_Is_Angel_One_a_good_buy_after_Q4_FY26_results\" title=\"8. Is Angel One a good buy after Q4 FY26 results?\">8. Is Angel One a good buy after Q4 FY26 results?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/angel-one-q4-fy26-results-pat-320-crore-borrowing-limit-20000-crore\/#Recent_Articles\" title=\"Recent Articles\">Recent Articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Angel_One_Q4_FY26_Financial_Results\"><\/span><strong>Angel One Q4 FY26 Financial Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Metric<\/strong><\/td><td><strong>Q3 FY26<\/strong><\/td><td><strong>Q4 FY25 (Base)<\/strong><\/td><td><strong>Q4 FY26 (Actual)<\/strong><\/td><\/tr><tr><td>Gross Revenue<\/td><td>\u20b91,337.2 Cr (Q3)<\/td><td>\u20b91,264 Cr (Q4 FY25)<\/td><td>\u20b91,467.2 Cr (+9.7% QoQ)<\/td><\/tr><tr><td>PAT<\/td><td>\u20b9269 Cr (Q3)<\/td><td>\u20b9281 Cr (Q4 FY25)<\/td><td>\u20b9320.24 Cr (+19.1% QoQ)<\/td><\/tr><tr><td>FY26 Revenue<\/td><td>\u2014<\/td><td>\u2014<\/td><td>\u20b95,136.6 Cr (Full Year)<\/td><\/tr><tr><td>FY26 PAT<\/td><td>\u2014<\/td><td>\u2014<\/td><td>\u20b9915.10 Cr (\u20b99,151 Mn)<\/td><\/tr><tr><td>FY26 EPS<\/td><td>\u2014<\/td><td>\u2014<\/td><td>\u20b910.09 per share (basic)<\/td><\/tr><tr><td>Client Base<\/td><td>37.39 Mn<\/td><td>\u2014<\/td><td>37.39 Mn active clients<\/td><\/tr><tr><td>Borrowing Limit<\/td><td>\u2014<\/td><td>\u2014<\/td><td>\u20b920,000 Cr (board approved)<\/td><\/tr><tr><td>NCD Raised (Q4)<\/td><td>\u2014<\/td><td>\u2014<\/td><td>\u20b950 Cr private placement<\/td><\/tr><\/tbody><\/table><\/figure><p>Source: Angel One BSE\/NSE outcome filing April 16, 2026; Screener.in, InvestYWise, EquityBulls.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sequential_Recovery_The_Key_Narrative\"><\/span><strong>Sequential Recovery: The Key Narrative<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The quarter-on-quarter recovery is the most important read from Angel One&#8217;s Q4 FY26 results. Q3 FY26 had seen margin compression and a 4% YoY PAT dip to \u20b9269 crore despite revenue growth \u2014 a concerning combination that weighed on the stock. Q4 FY26&#8217;s 19.1% QoQ PAT improvement to \u20b9320 crore and 9.7% revenue recovery to \u20b91,467 crore reverse that trend decisively. The sequential momentum is driven by higher equity market activity volumes in January\u2013March 2026, recovery in derivatives trading revenue, and the broadening client base across Tier 2 and Tier 3 cities.<\/p><p>The 37.39 million active client base \u2014 with FY26 total orders reaching 1,514.28 million \u2014 underscores the scale of Angel One&#8217;s distribution franchise. The 1:10 stock split executed earlier in FY26 has broadened retail participation in the stock itself. KPMG has been appointed as internal auditor for FY27, reinforcing the governance framework as the company scales.<\/p><p>Screen Angel One&#8217;s historical financials on <a href=\"https:\/\/univest.in\/screeners\">Univest Screener<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_%E2%82%B920000_Crore_Borrowing_Limit_What_It_Signals\"><\/span><strong>The \u20b920,000 Crore Borrowing Limit: What It Signals<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The most strategic announcement is the proposed increase in borrowing limits from the current level to \u20b920,000 crore. This is not a current borrowing \u2014 it is a ceiling that requires shareholder approval \u2014 but it signals Angel One&#8217;s intent to dramatically scale its NBFC lending operations through Angel Fincap. The \u20b9150 crore equity investment into Angel Fincap and \u20b9150 crore into Angel One Wealth simultaneously expands both the lending (credit against securities, margin funding, personal loans) and wealth management (PMS, AIF, advisory) verticals. These are the two highest-growth adjacencies to core broking.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Angel One&#8217;s Q4 FY26 results mark a clean sequential recovery from a disappointing Q3. With PAT up 19% QoQ, revenue up 9.7% QoQ, and the full-year FY26 PAT at \u20b9915 crore, the company demonstrates resilience. The aggressive capital allocation \u2014 \u20b920,000 crore borrowing limit, \u20b9300 crore subsidiary investment, NCD issuance \u2014 signals a transition from a pure-play broker to an integrated financial services platform. The Q1 FY27 earnings call on April 17 will be critical for understanding whether this expansion is proceeding on schedule and whether management can hold PAT margins above 20% as the cost base scales.<\/p><p>For more Q4 FY26 results coverage, visit <a href=\"https:\/\/univest.in\/blogs\">Univest Blogs<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_What_was_Angel_Ones_Q4_FY26_PAT\"><\/span><strong>1. What was Angel One&#8217;s Q4 FY26 PAT?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Angel One reported Q4 FY26 PAT of \u20b9320.24 crore \u2014 up approximately 19.1% quarter-on-quarter from \u20b9269 crore in Q3 FY26. For the full year FY26, PAT was \u20b9915.10 crore (\u20b99,150.99 million).<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_What_was_Angel_Ones_Q4_FY26_revenue\"><\/span><strong>2. What was Angel One&#8217;s Q4 FY26 revenue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Angel One&#8217;s consolidated gross revenues for Q4 FY26 were \u20b91,467.2 crore \u2014 up 9.7% quarter-on-quarter from \u20b91,337.2 crore in Q3 FY26. Full-year FY26 revenue was \u20b95,136.6 crore.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_What_is_the_Angel_One_borrowing_limit_increase\"><\/span><strong>3. What is the Angel One borrowing limit increase?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Angel One&#8217;s board approved increasing the company&#8217;s overall borrowing limits to \u20b920,000 crore, subject to shareholder approval at the AGM on June 12, 2026. This expansion is to support growth in the NBFC lending business through Angel Fincap Private Limited.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_What_is_Angel_Ones_client_base\"><\/span><strong>4. What is Angel One&#8217;s client base?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Angel One had 37.39 million active clients as of March 2026, with FY26 total orders reaching 1,514.28 million. The company operates across 25+ cities and has been expanding in Tier 2 and Tier 3 markets.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_What_investments_did_Angel_One_approve_for_subsidiaries\"><\/span><strong>5. What investments did Angel One approve for subsidiaries?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Angel One&#8217;s board approved \u20b9150 crore each into Angel Fincap Private Limited (NBFC lending) and Angel One Wealth Limited (wealth management \/ PMS \/ advisory). These investments are through equity shares or compulsorily convertible preference shares.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_What_is_Angel_Ones_FY26_EPS\"><\/span><strong>6. What is Angel One&#8217;s FY26 EPS?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Angel One&#8217;s basic EPS for FY26 was \u20b910.09 per share. Note that this is post the 1:10 stock split executed in early FY26, which increased the share count tenfold. Pre-split equivalent EPS would be approximately \u20b9100.9 per share.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"7_When_do_TCS_announce_Q4_results\"><\/span><strong>7. When do TCS announce Q4 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p><a href=\"https:\/\/univest.in\/blogs\/tcs-q4-results-2026-date-preview\">TCS declared Q4 FY26 results on April 9, 2026<\/a>. <\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"8_Is_Angel_One_a_good_buy_after_Q4_FY26_results\"><\/span><strong>8. Is Angel One a good buy after Q4 FY26 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Angel One&#8217;s Q4 sequential recovery, 37 million+ client base, and expansion into lending and wealth management are positive long-term signals. Near-term concerns include margin pressure as the cost base scales and regulatory headwinds in the broking industry. Consult a SEBI-registered financial advisor before investing.<\/p><p>Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data is sourced from publicly available NSE\/BSE filings and company investor relations pages. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Articles\"><\/span><strong>Recent Articles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/best-agrolife-q4-fy26-results-expectations\">Best Agrolife Q4 FY26 Results Preview &amp; Earnings Expectations<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/bhansali-engineering-polymers-q4-fy26-results-expectations\">Bhansali Engineering Polymers Q4 FY26 Results Preview &amp; Earnings Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/berger-paints-q4-fy26-results-expectations\">Berger Paints Q4 FY26 Results Preview &amp; Earnings Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/beml-q4-fy26-results-expectations\">BEML Q4 FY26 Results Preview &amp; Earnings Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/belrise-industries-q4-fy26-results-expectations\">Belrise Industries Q4 FY26 Results Preview &amp; Earnings Outlook<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Angel One Limited \u2014 India&#8217;s largest listed retail stockbroker \u2014 declared its Q4 FY26 results on April 16, 2026. Consolidated gross revenues for Q4 FY26 reached \u20b91,467.2 crore \u2014 up 9.7% quarter-on-quarter from Q3&#8217;s \u20b91,337.2 crore. PAT for the quarter was \u20b9320.24 crore, up approximately 19.1% sequentially from \u20b9269 crore in Q3 FY26. For the<\/p>\n","protected":false},"author":23,"featured_media":73145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[4027],"class_list":["post-73143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-q4-fy26-results"],"metadata":{"_edit_lock":["1776410690:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_seo_score":["61"],"rank_math_primary_category":["842"],"rank_math_robots":["a:2:{i:0;s:8:\"nofollow\";i:1;s:7:\"noindex\";}"],"rank_math_title":["Angel One Q4 FY26 Results: PAT \u20b9320 Crore, Revenue \u20b91,467 Crore, Borrowing Limit Raised to \u20b920,000 Crore"],"rank_math_description":["Angel One Q4 FY26 results: PAT \u20b9320.24 crore (+19.1% QoQ), revenue \u20b91,467 crore (+9.7% QoQ), FY26 PAT \u20b9915 crore. Borrowing limit raised to \u20b920,000 crore. Client base 37.39 million. 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