In This Article:
-
Customer Acquisition: 1.62 lakh new customers acquired, reflecting 20% growth year-on-year.
-
Total Customer Base: Reached 46.28 lakh.
-
Daily Turnover: Grew to 3.78 trillion, a growth of 4%.
-
Client Funding Book: INR 245 crore, down by 9.9%.
-
Mutual Fund AUM: Reached 1333 crore, almost 100% growth.
-
Broking Revenue: Increased to 41 crore, a growth of 3% year-on-year.
-
Allied Income: 27 crore, down by 2%.
-
Total Revenue: 100.1 crore, a growth of 4% year-on-year.
-
Employee Benefit Expense: Increased by 49% due to normalization of costs.
-
Net Profit (PAT): Lifetime highest of 21.9 crore, a growth of 15% year-on-year.
-
PAT Margins: Achieved highest ever at 22%.
Release Date: October 18, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
-
5paisa Capital Ltd (NSE:5PAISA) reported a 15% year-on-year growth in profit after tax, achieving a lifetime highest ever profit margin of 22%.
-
The company experienced a 20% year-on-year growth in customer acquisition, reaching a total customer base of 46.28 lakh.
-
5paisa Capital Ltd (NSE:5PAISA) launched new web trading platforms and improved user experience, reducing latency and enhancing performance.
-
The company's mutual fund assets under management doubled, reaching INR 1333 crore.
-
5paisa Capital Ltd (NSE:5PAISA) has implemented cost optimization strategies, resulting in a 12% to 13% reduction in customer acquisition costs.
Negative Points
-
There was a 9.9% decline in the client funding book, impacting the company's financial performance.
-
The company's allied income decreased by 2% due to a minor drop in the client funding book.
-
Regulatory changes by SEBI, such as limiting transaction charges and changes in index derivatives, may impact revenue.
-
The market share for both cash and derivatives segments remained stagnant at 2% to 2.5%, indicating limited growth in market penetration.
-
The company's MTF (Margin Trading Facility) book has declined due to competitive pricing pressures from new market entrants.
Q & A Highlights
Q: Can you provide an update on the product upgrades mentioned last quarter? A: The revamped user experience has been fully rolled out for iOS users, and the FNO 360 is now available on iOS. The Android rollout will be completed by the end of this month. Major changes and improvements have been implemented as committed. - Ameya Agnihotri, Whole-Time Director & CTO
Q: How do you see customer acquisition growth over the next few quarters? A: We aim to acquire quality customers, focusing on those relevant to our industry. We expect to increase customer acquisition quarter on quarter for the next three to four quarters. - Gourav Munjal, Whole-time Director & CFO