Indian brokerage Angel One on Wednesday posted a 61% fall in first-quarter profit, as tighter rules for equity derivatives trading in India weighed on retail activity, a key driver for the brokerage's earnings.
The company's consolidated profit fell to 1.14 billion rupees ($13.3 million) for the three months ended June 30, compared with 2.93 billion rupees a year earlier.
($1 = 86.0340 Indian rupees)
The company's consolidated profit fell to 1.14 billion rupees ($13.3 million) for the three months ended June 30, compared with 2.93 billion rupees a year earlier.
($1 = 86.0340 Indian rupees)
You may also like
As Sholay nears 50, Iran consulate pays a nostalgic tribute to film: 'We still remember'
Huge new £500m UK tunnels set to grow islands' population after 'years wasted'
Walker's announces new flavour of popular crisps and people are baffled
Travel expert shares legal right to sit with family on plane and if you need to book seats
Man Utd transfer news: Marcus Rashford 'doesn't deserve' move as Brighton star holds talks
