5Paisa Capital posts consolidated income at Rs80.2cr in Q3

11 Jan 2022 , 09:17 AM

5Paisa Capital Limited has released unaudited financial results of the Company for the quarter and nine months ended December 31, 2021.

Financial Highlights:

For the quarter and nine months ended December 31, 2021 (as per INDAS)

• Total consolidated income stood at Rs80.2cr for the quarter, up 17% qoq and 62% yoy and Rs209.7cr for the nine months, up 45% yoy.
• Total comprehensive income stood at Rs0.7cr for the quarter, down 48% qoq and 76% yoy and Rs9.2cr for the nine months, up 9% yoy.

Prakarsh Gagdani, Whole-Time Director and CEO, 5paisa Capital Ltd., commented on the financial result: “2021 ended on a positive note with 5paisacrossing a milestone of 2 Million customeRsWe took 5 years to reach 1st 1 million and just 1 year to double. We are entering 2022 with high optimism on the back of strong revenue growth of 17% qoq, acquisition growth of 18% qoq and highest margin funding book of Rs.360crs.”

Business Highlights

“We on-boarded more than 4,00,000 new clients during the quarter, taking the total number of registered customers to 23.8 lacs. The 5paisa Mobile App had about 104.4 lac downloads at the end of the quarter with a 4.2 Star rating on Playstore. Our income from standalone capital market business for the quarter stood at Rs80.1cr, up 17% qoq and 62% yoy”, said comoany in a regulatory filing.

It further added, “Total comprehensive income from the standalone business stood at Rs1.0cr, down 41% qoq 73% yoy. At consolidated level, total income has grown by 62% yoy and operating expenses increased by 79% yoy, resulting in total comprehensive income of Rs 0.7cr for the quarter.”

Awards and accolades

• 5paisa was awarded Best Use of Digital Medium Award at Global Marketing Excellence Awards
• The Economic Times recognizes 5paisa.com as the Best Brand 2021
• 5paisa.com features among 50 Most Trusted BFSI Brands by Marksmen Daily

At around 9:17 AM, 5Paisa Capital was trading at Rs416.95 per piece lower by 3.99% on Sensex.