5paisa Capital (5PAISA) Q1 24/25 earnings summary

Executive summary

• Q1 FY25 saw strong industry growth, with Nifty and Sensex at all-time highs and over 11 million new demat accounts added nationwide.

• 2.34 lakh new customers were acquired, up 116% year-on-year, bringing the total customer base to 4.47 million, a 5% sequential increase.

• Board approved unaudited financial results for Q1 FY25 and appointed a new Whole Time Director and Chief Risk Officer effective July 13, 2024.

Financial highlights

• Total revenue for Q1 FY25 reached ₹1,023 million (INR 102 crore), up 21% year-on-year but down 9% sequentially.

• Net profit for Q1 FY25 was ₹2,008.8 lakhs (INR 20.1 crore), up 248% quarter-on-quarter and 38% year-on-year, with PAT margin at 20%.

• Broking revenue grew 11% YoY to INR 40 crore; allied income rose 27% YoY to INR 29.7 crore.

• ADTO (Average Daily Turnover) increased 27% YoY to INR 3.67 trillion, though down 4% sequentially.

• EPS for Q1 FY25 was ₹6.43, up from ₹1.87 in Q4FY24 and ₹4.74 in Q1FY24.

Outlook and guidance

• Focus remains on product development, technology investment, customer experience, and cost optimization to drive future revenue and profitability.

• Management highlights a scalable digital business model, high customer satisfaction, and compliance with regulatory norms.

• Impact of new Labour Law Reform Codes will be assessed and accounted for when implemented.