Are Angel One latest results good or bad?

Angel One has reported its financial results for the quarter ending March 2025, revealing a challenging operational environment. The company's net sales for this quarter were Rs 1,056.01 crore, which represents a notable decline of 23.7% compared to the average of the previous four quarters. This figure marks the lowest sales recorded in the last five quarters.
Profit Before Tax less Other Income (PBT) also experienced a significant reduction, falling by 48.2% to Rs 233.90 crore, while Profit After Tax (PAT) decreased by 47.8%, reaching Rs 174.52 crore. Both metrics indicate a considerable drop from the averages of prior quarters, suggesting a decline in profitability.

Operating profit and operating profit margin were similarly affected, with operating profit recorded at Rs 342.72 crore and a margin of 32.45%, both hitting their lowest points in five quarters. Additionally, earnings per share (EPS) fell to Rs 19.33, reflecting lower earnings for shareholders.

The financial performance indicates that Angel One faced a difficult quarter, leading to an adjustment in its evaluation. Overall, the results highlight a period of operational challenges for the company.