Capital markets company 5Paisa Capital announced Q2FY23 results:
- Consolidated Profit after Tax for Q2FY23 at Rs. 10.7 crore (up 45% QoQ and 672% YoY) and for H1FY23 at Rs. 18.1 crore (up 111% YoY)
- Total consolidated income stood at Rs. 80.2 crore for the quarter, down 5% QoQ and up 17% YoY and Rs. 164.3 crore for the half year, up 27% YoY.
- Total comprehensive income stood at Rs. 10.7 crore for the quarter, up 46% QoQ and 679% YoY and Rs. 18.1 crore for the half year, up 113% YoY.
Prakarsh Gagdani, Whole-Time Director and CEO, 5paisa Capital Ltd., commented on the financial result: “Q2FY23 has been a milestone quarter as we hit 100 million demat accounts in a country. We enter an era where investing in stocks will be going to every house hold. During this quarter, 5paisa continued to improve its acquisition funnel thereby reducing CAC by 36%. With all our efforts in focusing on revenue, improving cost efficiency we have succeeded in achieving highest ever quarter profit in Q2FY23 of Rs 10.7 crore (growth of 45% on QoQ and 672% on YoY).
We will continue to work towards product development, cost optimization & customer experience for providing best investment and trading platform to accelerate our revenue and profitability."