Conference Call with 5Paisa Capital Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Capital Markets company 5paisa Capital announced Q4F24 & FY24 results: Q4FY24 Financial Highlights: Income: Quarterly income reached Rs 112.9 crore, marking a sequential increase of 13% from the previous quarter (Rs 100.3 crore) and a YoY increase of 24% from Rs 91.4 crore. Profit Before Tax: Profit before tax (PBT) was reported at Rs 7.6 crore, which declined by 62% from the preceding quarter's Rs 20.2 crore and dropped by 60% from Rs 19.2 crore YoY. Profit After Tax: Profit after tax (PAT) stood at Rs 5.8 crore this quarter, experiencing a 62% decrease from Rs 15.1 crore in the last quarter and a 60% decrease from the same quarter of the previous year at Rs 14.4 crore. Total Comprehensive Income: The income for the quarter amounted to Rs 5.5 crore, reporting a 63% decrease compared to Rs 15.0 crore in the preceding quarter and a 62% fall from Rs 14.4 crore YoY. FY24 Financial Highlights: Income: Annual income reached Rs 394.7 crore, up 16% from Rs 339.4 crore a year earlier. Profit Before Tax: Annual profit before tax was Rs 72.1 crore, showing an increase of 24% from Rs 58.1 crore the previous year. Profit After Tax: Annual profit after tax came in at Rs 54.4 crore, registering a gain of 25% from last year’s Rs 43.6 crore. Total Comprehensive Income: The year's total comprehensive income was reported at Rs 54.1 crore, a 25% rise from Rs 43.3 crore of the prior year. Narayan Gangadhar, CEO of 5paisa Capital said, "In Q4FY24, at an industry level, we saw an addition of more than 1.2 crore demat accounts taking the total demat accounts in the country to 15.13 crore. During the same period, we acquired 2.67 lakh customers, reflecting a 15% growth QoQ (96% growth YoY), and with this our total customer base reached 42.3 lakhs. We are also happy to report that we have posted our highest quarterly revenue since inception in Q4FY24 of INR 112.9 crore, up 13% QoQ (up 24% YoY). Our Q4FY24 profitability was impacted due to the grant of ESOPS for acquiring and retaining top talent. We look forward to delighting the trading community by launching more comprehensive products in the coming year." Result PDF