For the period ended September 30, 2018 (Q2FY19/6MFY19)
- Total income stood at Rs. 1,274 Lakhs for the quarter, up 41% q-o-q, and Rs. 2,180 Lakhs for the half year
- Net loss stood at Rs. 707 Lakhs for the quarter, up 26% q-o-q, and Rs. 1,271 Lakhs for the half year
Mr.Prakarsh Gagdani, Whole-Time Director and CEO, 5paisa Capital Ltd., commented on the financial results: "We saw a strong quarter with a 41% growth in revenues, despite continuing global and domestic economic challenges, stemming from a higher growth in client acquisitions. We achieved an overall market share of 1% in terms of daily total turnover in the quarter and our digitisation drive remains robust."
The average daily cash turnover grew by 54% over the last quarter against an overall exchange cash turnover growth of 11% q-o-q. The average daily total turnover was up 61% q-o-q whereas exchange total turnover was up 28% q-o-q.
- Market Share
We achieved an average daily market share of 1% in terms of total turnover, and an average daily cash market share of 1.5% during the quarter.
The 5paisa Mobile App has over 18,00,000 downloads till date with a sustained 4 Star rating on Playstore.
Our client acquisitions have been growing at a swift pace, we have a large proportion of clients from tier II/III cities, and a majority trade though our mobile app.
Rights Issue Update
The Board, at its Meetings held on July 17, 2018 and September 12, 2018, approved the proposal of issue of equity shares by way of a Rights Issue ("Issue") to the existing shareholders of the Company in the ratio of 1 equity share of Rs 10 each for every 1 equity share of Rs 10 each held in the Company at a premium of Rs 70 per share i.e. issue price of Rs 80 each aggregating to Rs 101.9 Cr in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended, and the record date for determining the entitlement will be announced in due course, subject to receipt of relevant approvals from regulatory authorities, as may be required. Further, the Company has filed the Draft Letter of Offer with SEBI, NSE and BSE on September 17, 2018. The Company has received the in-principle approval from NSE and is awaiting the observation letter/in-principle approval from SEBI and BSE, respectively.
Shares of 5paisa Capital Ltd was last trading in BSE at Rs.207.5 as compared to the previous close of Rs. 218.4. The total number of shares traded during the day was 820 in over 42 trades.
The stock hit an intraday high of Rs. 228.9 and intraday low of 207.5. The net turnover during the day was Rs. 175344.