Capital Markets company 5Paisa Capital announced Q3FY24 & 9MFY24 results: Financial Performance Summary Income: Q3FY24 Consolidated income was Rs 100.3 crore, representing a year-over-year (YoY) increase of 20%. For 9MFY24, the income stood at Rs 281.9 crore, showing a growth of 14% over the previous year. Profit Before Tax: Profit before tax for Q3FY24 was Rs 20.2 crore. The profit before tax for 9MFY24 increased by 66% YoY. Profit After Tax: Consolidated profit after tax for Q3FY24 reached Rs 15.1 crore, marking a 37% improvement YoY. Profit after tax for 9MFY24 accrued to Rs 48.7 crore, an increase of 67% compared to the same period last year. Total Comprehensive Income: The total comprehensive income for Q3FY24 was Rs 15.0 crore, up by 37% YoY. For 9MFY24, the comprehensive income stood at Rs 48.6 crore, a 68% YoY increase. Business Performance Highlights Client Acquisition: Onboarded 2.32 lakh new clients, a quarterly growth of 71%, achieving a total customer base of 39.6 lakhs with a 2.4% market share in incremental client acquisitions. Mobile App Usage: The 5paisa mobile app user base grew to over 17.4 million at the end of the quarter. Operating Expenses: Increased by 16% YoY in line with the company's growth trajectory. Consolidated Revenue Growth: Achieved the highest-ever revenue in Q3FY24 suggestive of robust business performance. Narayan Gangadhar, CEO, 5Paisa Capital, commenting on the financial results, said, “Q3FY24 has been a milestone quarter for the investors as well as for the industry, with Nifty touching an all-time high and with more than 96 lakh demat accounts being added at the industry level. We have also scaled our client acquisition to 2.32 lakh customers, up 71% QoQ, reaching a total customer base of 39.6 lakhs and a market share of 2.4% of incremental client acquisitions, which is up 63% QoQ. Further, our total average daily turnover has gone up to Rs.3.70 trillion, up 80% YoY. With all our efforts focused on increasing revenue, improving cost efficiency and product development, we have succeeded in achieving the highest-ever revenue in Q3FY24 of Rs 100.3 crore, up 20% YoY, along with PAT growth of 37% YoY. We are confident of accelerating the momentum of our customer acquisitions and revenue in the coming quarters.” Result PDF