Angel One Overtakes Zerodha To Become India's Second-Largest Stockbroker
Angel One has overtaken Zerodha to become India's second-largest stockbroker by active investors on the National Stock Exchange (NSE), marking the first change among the top three discount brokers in three years. As per a Moneycontrol report, NSE data for October showed Angel One's active investor base reached 69.98 lakh after adding 2.43 lakh investors during the month. Zerodha recorded 67.6…
Mumbai: Angel One Limited has become India's second-largest stockbroker by active clients on the National Stock Exchange (NSE), a notable milestone in the nation's rapidly growing digital investment market. According to NSE's latest Report 1C, Angel One held 69.98 lakh active clients, accounting for 14.97% of the exchange's 4.67 crore active investors.
The brokerage added 2.43 lakh net active clients during October 2026, contributing to its overall registered client base of 4.06 crore, which saw a 17.4% year-on-year growth. October witnessed a record 6.6 lakh gross client additions, the highest level in nine months.
Trading engagement improved, with average daily orders increasing by 19.6% month-on-month to 69.7 lakh, indicating stronger activity on Angel One's technology-driven trading platforms. Angel One's Q2 FY27 reported an 18.7% year-on-year increase in consolidated revenue from operations to ₹1,427 crore, with net profit surging 58.2% to ₹335 crore.
Earnings before depreciation, amortisation and tax (EBDAT) climbed 52% to ₹493 crore, expanding the EBDAT margin to 45.1% from 34.5% a year earlier. Interest income from the client funding business contributed 35.6% of total revenue, showcasing the company's diversification beyond traditional broking operations.
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