5paisa Capital Earnings Call Transcripts
Fiscal Year 2026
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Q4 FY2026 featured strong revenue growth and customer acquisition despite volatile markets. Rights issue proceeds will fund margin expansion, MTF growth, and tech innovation, with market share at 2% in both F&O and cash segments.
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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.