Financial Highlights:
For the quarter ended June 30, 2020 (as per INDAS)
- Total consolidated income stood at Rs 42.4 Cr for the quarter, up 85% y-o-y
- TCI stood at Rs 2.7 Cr for the quarter, up 595% y-o-y
Summary: Quarter ended June 30, 2020, Consolidated results as per IND AS
| Rs Lakhs | Quarter ended June 30, 2020 | Quarter ended June 30, 2019 | Y-O-Y |
| Income | 4,244 | 2,292 | 85% |
| Profit/(Loss) before Tax | 374 | (64) | 682% |
| Total Comprehensive Income/(Loss) | 273 | (55) | 595% |
Mr. Prakarsh Gagdani, Whole-Time Director and CEO, 5paisa Capital Ltd., commented on the financial results:
“I am extremely delighted to report quarterly profits for the first time since the launch of 5Paisa in March 2016. We recorded strong revenue growth backed by improved trading activity and successfully curtailed expense growth. We also saw our highest quarterly acquisition of 1.6L+ customers. With the pandemic accelerating digital growth, millennials thronging to capital markets, and a buoyant stock market, I am optimistic that we are entering a new era of investing and incredible growth in coming quarters.”
Business Highlights
We maintained our swift pace of client acquisitions with over 160,000 acquisitions in the quarter, crossing 700,000 customers in total.
The 5paisa Mobile App had about 51,00,000 downloads at the end of the quarter with a 4.0+ Star rating on Playstore.
Our income for the quarter has grown by 20% mainly owing to improved trading activity by existing customers, surge in new client acquisitions and higher cross-sell of financial products. At the same time, we managed to control expenses, recording just a 3% q-o-q growth; resulting in a profit of Rs 2.7 Cr for the quarter.
We launched commercial operations on our P2P platform this quarter, and have already seen significant traction in a short span of time.
Awards and accolades
- Recognised as one of the ‘Fastest Growing Brands, 2019-20’ by AsiaOne magazine
- ‘The Emerging Company of the Year in BFSI sector’ at Business Leader of the Year awards by ETNow
- ‘Digital Start-up of the Year’, ‘Best Trading App’ and ‘Best Mobile Marketing Campaign’ at the Mobby’s Awards, which recognizes achievements of brands across all aspects of the mobile landscape
- ‘Brand Excellence in Broking Industry’ at World Marketing Congress, which recognizes the work done by the marketing fraternity to take their brands to a whole new level
- ‘Best Broking Fintech Product’ for 5paisa Mobile app at ABP News – BFSI awards, which focus on the best practices of the BFSI industry
- ‘Franchisor of the Year- Financial Services’ at the Franchise India Awards -2019
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