Angel Broking Limited (BSE: 543235) (NSE: ANGELBRKG), announced its un-audited consolidated financial results for the Quarter and Nine months ended 31st December 2020.
Commenting on the performance, Mr. Dinesh Thakkar, Chairman & MD said, \u201cOur gross client addition continued to pass 5 lakh mark for second consecutive quarter indicating a strong momentum to business. On NSE, we continued to remain 4th Largest in terms of active clients and 3rd largest in incremental NSE active clients in 9MFY21.
We are leveraging our Digital First approach to business which is leading to healthy margin profile and Cost to Net Income ratio. Financial Investment has become a necessary consumption tool to achieve goals & aspiration, and we are happy to assist our clients through our Digital products & platform.
Commenting on the performance, Mr. Vinay Agrawal, CEO said, \u201cOur ongoing investments in technology and product development which primarily focuses on enhancing customer experience has been our growth engine. Our Complete digital business model has facilitated market share gain in competitive and growing market. Our overall ADTO and F&O ADTO has grown exponentially for the quarter as compared to last quarter. Cash ADTO was soft due to implementation of new margin rule, however, overall volumes growth continued to remain strong despite new regulations.
We are engaging with customers on regular basis with the help of artificial intelligence and machine learning. We are updating and educating them through nudges on latest news on stock, products, advisory platform, educational videos etc. We will continue to fuel our growth through our Digital First & Client Centric approach.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"