5paisa Capital Earnings Call Transcripts
Fiscal Year 2026
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Q4 FY2026 featured strong revenue growth and robust customer acquisition despite volatile markets and FII outflows. Rights issue proceeds will fund trading expansion, margin growth, and tech innovation, with market share at 2% in both F&O and cash.
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Q3 FY26 delivered strong growth with 24% QoQ ADTO increase, 30% QoQ PAT growth, and a 7% rise in broking revenue. Platform and product enhancements drove higher customer acquisition and improved operational efficiency.
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Q2 FY26 featured steady income and robust customer growth despite volatile markets and lower trading volumes. MTF income and AUM rose, while net profit declined 18% QoQ. Product innovation and cost efficiency drove improved customer metrics.
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Q1 FY 2026 saw strong income and profit growth, robust ADTO and AUM increases, and continued tech innovation, despite a 12% decline in new client acquisition. Focus remains on quality customers, product upgrades, and AI-driven features, with regulatory and macro uncertainties impacting short-term trends.
Fiscal Year 2025
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Q4 FY2025 results were impacted by SEBI F&O regulations, causing a 23% QoQ drop in broking revenue and a 36% decline in ADTO. Despite a 9% YoY revenue decrease, profit rose 25% YoY, and tech investments continued, including new AI-powered tools.
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Regulatory changes and a market correction led to declines in revenue and new client acquisition, but profit after tax grew 8% year-on-year and mutual fund AUM surged 73%. Management expects temporary headwinds, with a focus on cost optimization and product innovation.
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Q2 FY25 delivered record PAT of INR 21.9 crore (up 15% YoY) and 4% revenue growth, driven by quality customer acquisition and major product upgrades. Regulatory changes may impact income, but management expects continued growth in customer base and profitability.
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Q1 FY25 delivered record PAT and strong revenue growth, driven by robust customer acquisition and industry tailwinds. Market share dipped to 2%-2.5%, but strategic focus is on quality growth and tech upgrades. Regulatory risks are noted, but outlook remains positive.