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
Conference Call with 5Paisa Capital Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.
Capital Markets company 5Paisa Capital announced Q2FY24 & H1FY24 results: Financial Highlights: - Q2FY24 Consolidated income at Rs 96.9 crore, up 21% YoY, and for H1FY24 at Rs 181.6 crore, up 11% YoY. - Q2FY24 Consolidated profit after tax at Rs 19.0 crore, up 77% YoY, and for H1FY24 at Rs 33.7 crore, up 86% YoY. Business Highlights: - On-boarded 1.35 lakh new clients during the quarter, taking the total number of registered customers to 3.7 million. - 5paisa Mobile App had more than 16.5 million downloads at the end of the quarter with a 4.3 Star rating on Playstore. - 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. 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." Result PDF
Conference Call with 5Paisa Capital Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.