Angel One’s Dividend Bonanza: Rs 12.70/Share, Stock Up 87% in 3 Months, Q3 PAT Takes a Hit

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Angel One’s Financial Performance and Dividend Declaration: A Detailed Analysis


Introduction

In the dynamic world of finance, Angel One has emerged as a significant player. This article delves into the company's recent financial performance, dividend declaration, and stock returns.

About Angel One

Angel One is a prominent financial services company, known for its robust performance and consistent growth. It has carved a niche for itself in the market with its innovative strategies and customer-centric approach.

Angel One, a leading player in the financial market, has recently declared its 3rd Interim Dividend for the Financial Year 2023-24. The dividend is set at a rate of Rs 12.70 per share on equity shares, each having a face value of Rs 10 per share. This announcement is significant for shareholders who were on record as of the declaration date.

Q3 Results Overview


Angel One has released its unaudited standalone and consolidated financial results for the quarter and nine months ending December 31, 2023. The company's Profit After Tax (PAT) for Q3 2024 stands at Rs 2603 million, marking a 14.5% quarter-on-quarter decrease from the Rs 3045 million declared in Q2 2024.

The company's Earnings Before Interest and Taxes (EBIT) for Q3 2024 came in at Rs 3641 million, down 13% QoQ from the Q2 2024 EBIT of Rs 4185 million. Meanwhile, the total income was reported at Rs 10,608 million, a slight decrease of 1% from the previous quarter's total income of Rs 10,493 million.

Stock Performance and Returns


Angel One's stock has shown remarkable performance over the past few years. The 52-week high price for the company's shares is Rs 3900.35 per share, while the 52-week low price is Rs 1000.00 per share. The company boasts a market capitalisation of Rs 32,528.28 crore.

Investors in Angel One have seen substantial returns on their investments. The company's shares have gained 196% in the last year, soared 192% in the last two years, and rallied an impressive 1008% in the last three years.

Conclusion

Angel One's financial performance and dividend declaration reflect its strong market position and commitment to shareholder value. The company's impressive stock returns further underscore its potential for sustained growth.

Disclaimer

This blog post is for informational purposes only and should not be construed as financial advice. Investors are advised to do their own research or consult a financial advisor before making any investment decisions.

Search Description

Explore Angel One's financial journey, from its Q3 results to its impressive stock performance. Dive into the details of its dividend declaration and what it means for investors.

Keywords : Angel One, Financial Performance, Dividend Declaration, Stock Returns, Q3 Results, Investment, Financial Market

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