For the quarter and half year ended September 30, 2019 (as per INDAS)
- Total income stood at Rs. 2,323 Lakhs for the quarter, up 84% y-o-y
- Net loss stood at Rs. 350 Lakhs for the quarter, down 54% y-o-y
The company maintained its swift pace of client acquisitions with over 75,000 acquisitions in the quarter, crossing 325,000 customers in total. Over 70% of its clients hail from tier II/III cities and over 75% actively trade through their mobile app. The 5paisa Mobile App has over 35,00,000 downloads till date with a sustained 4.2 Star rating on Playstore.
The average daily cash turnover grew by 0.3% over the last quarter and average daily cash market share stood at 2.95%. The share in retail cash market (NSE) stood at 6.3% at the end of the quarter, posting a growth of 15% q-o-q.
The income for the quarter grew marginally to Rs 2,323 Lakhs, owing to reduced trading activity by existing customers as a result of adverse market conditions for a larger part of the quarter. The funding book growth was also impacted, but has remained flat q-o-q.
The expenditure increased by 15% q-o-q to Rs 2,699 Lakhs, predominantly due to higher marketing spends in favour of customer acquisitions, which has resulted in the 30% q-o-q growth in customer base in this quarter.
During the quarter, the company introduced UPI functionality for IPO bidding, mainly targeted at simplifying the process for retail investors by cutting down tedious physical documentation processes.
Mr. Prakarsh Gagdani, Whole-Time Director and CEO, 5paisa Capital Ltd., commented on the financial results: "We continue to grow at a robust pace, recording a 30% growth in customer base in the quarter, despite the market being burdened with negative sentiments and allied challenges of a slowing economy. We successfully completed our Rights Issue with an overwhelming response from investors; we thank all our shareholders for their faith. The additional capital is being deployed for higher rate of customer acquisitions and business development, which, we are confident, will boost revenues."
Shares of 5paisa Capital Ltd was last trading in BSE at Rs.184.6 as compared to the previous close of Rs. 175.85. The total number of shares traded during the day was 2986 in over 37 trades.
The stock hit an intraday high of Rs. 184.6 and intraday low of 167.55. The net turnover during the day was Rs. 547505.