Capital Markets company 5Paisa Capital announced Q2FY24 & H1FY24 results:<br><br>Financial Highlights:<br><br>- Q2FY24 Consolidated income at Rs 96.9 crore, up 21% YoY, and for H1FY24 at Rs 181.6 crore, up 11% YoY.<br>- Q2FY24 Consolidated profit after tax at Rs 19.0 crore, up 77% YoY, and for H1FY24 at Rs 33.7 crore, up 86% YoY.<br><br>Business Highlights:<br><br>- On-boarded 1.35 lakh new clients during the quarter, taking the total number of registered customers to 3.7 million.<br>- 5paisa Mobile App had more than 16.5 million downloads at the end of the quarter with a 4.3 Star rating on Playstore.<br>- Total income has grown by 21% YoY, while operating expenses increased by 9% YoY, resulting in total comprehensive income of Rs 19.1 crore for the quarter with a growth of 78% YoY.<br><br>Narayan Gangadhar, CEO, 5Paisa Capital, commented on the financial results, "Q2FY24 has been a milestone quarter for the entire broking industry with 9 million+ demat accounts added across India (growth of 51% from Q1FY24). We are entering an era where investing in stocks attracts many young investors. We are glad to report strong growth in our retail ADTO segment and our overall ADTO for Q2FY24 stands at Rs 3.62 trillion (27% growth on QoQ), along with improvement in market share from 3.13% to 3.23%. We have acquired 1.35 Lakh customers in this quarter (25% growth on QoQ). With all our efforts focused on quality acquisition and improving cost efficiency, we have succeeded in achieving the highest-ever revenue of Rs 96.9 crore (growth of 15% on QoQ and 21% on YoY), quarter profit in Q2FY24 of Rs 19.1 crore (growth of 31% on QoQ and 78% on YoY) along with highest PAT margins of 20% in this quarter. We will continue to work towards product development, investment in technology & customer experience for providing the best investment and trading platform and are confident that the same will accelerate our revenues in the coming year."<br><br><br><br><br><br>Result PDF
Conference Call with 5Paisa Capital Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with 5Paisa Capital Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with 5Paisa Capital Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.