पत्रिका जगत Positive Journalism
Jaipur, 18 April 2019 : Financial Highlights:
For the period ended March 31, 2019 (Q4FY19/FY19)
· Total income stood at `2,189 Lakhs for the quarter, up 16% q-o-q, and `6,264 Lakhs for the year, up 219% y-o-y
· Net loss stood at `33 Lakhs for the quarter, down 91% q-o-q, and `1,657 Lakhs for the year, down 35% y-o-y
Summary: Quarter ended March 31, 2019 (Standalone)
| `Lakhs | Quarter ended March 31, 2019 |
Quarter ended December 31, 2018 |
Q-O-Q | Quarter ended March 31, 2018 |
Y-O-Y |
| Income | 2,188.9 | 1,895.1 | 16% | 787.1 | 178% |
| Profit/(Loss) before Tax | (44.5) | (494.3) | (91%) | (931.8) | (95%) |
| Profit/(Loss) after Tax | (33.0) | (352.9) | (91%) | (692.6) | (95%) |
Summary: Year ended March 31, 2019 (Standalone)
| `Lakhs | Year ended March 31, 2019 |
Year ended March 31, 2018 |
Y-O-Y |
| Income | 6,263.9 | 1,965.2 | 219% |
| Profit/(Loss) before Tax | (2,248.4) | (3,321.1) | (32%) |
| Profit/(Loss) after Tax | (1,657.0) | (2,529.9) | (35%) |
Mr. Prakarsh Gagdani, Whole-Time Director and CEO, 5paisa Capital Ltd., commented on the financial results:
“We are happy to have ended the year with a 3x growth in revenues and customer base. Our continued efforts at promoting growth along with cost efficiency helped tone our losses down by 95% against the previous quarter despite the last quarter being majorly subdued. We expanded our offerings to include commodities trading during the quarter and grew our market share to an all- time high of 2.4% in the cash segment and 1.9% overall. We remain focussed on swift and sustainable growth and endeavour to better our performance over the coming periods.”
Business Highlights
- Turnover
The average daily cash turnover grew by 34% over the last quarter against an overall exchange cash turnover growth of 1% q-o-q. The average daily total turnover was up 40% q-o-q whereas exchange total turnover was up 4% q-o-q.
- Market Share
Our average daily total market share grew 35% q-o-q to 1.91%, and average daily cash market share grew 32% q-o-q to 2.4%.
- Digital initiatives
The 5paisa Mobile App has over 27,00,000 downloads till date with a sustained 4 Star rating on Playstore.
- Customers
We maintained our swift pace of client acquisitions, crossing 2,00,000 customers, recording a growth of 185% over the previous year. 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 BSE and is awaiting the observation letter from SEBI.
About 5paisa Capital
5paisa Capital Limited (NSE: 5PAISA, BSE: 540776) is engaged in providing financial products through its online technology platform and mobile applications. It is registered with SEBI as a stock broker, depository participant and research analyst, and with AMFI as a mutual fund distributor. Its services are targeted at retail investors and high volume traders who actively invest and trade in securities markets and seek DIY (Do-it-Yourself) services at a low cost.
The Company provides an onlinetechnology platform to clients through internet terminals and mobile applications for trading in securities in NSE and BSE; advisory services through the research undertaken by a team of fundamental and technical research analysts; and depository related services as part of its integrated services offering.
5paisa Capital is a technology driven company having mainly an online presence. The Company remains focussed on innovation, based on understanding customer behaviour,and constantly strives to achieve tech superiority as is visible through the developments ofits robust trading platform, advanced mobile app, an Artificial-Intelligence powered Robo-Advisory platform, and the paperless account opening process.
This document may contain certain forward looking statements based on management expectations. Actual results may vary significantly from these forward looking statements. This document does not constitute an offer to buy or sell products, services or securities. The results for the period ended March 31, 2019, are available on our website https://www.5paisa.com/
