5paisa Capital (5PAISA) Q1 25/26 earnings summary

Executive summary

• Q1 FY26 began strongly with highest ever quarterly revenue of INR 77.8 crore, up 9% QoQ, and profit after tax rising 15% to INR 11.5 crore, supported by easing global uncertainties and robust domestic indicators.

• Customer base reached up to 4.91 million, with 80,000 new clients acquired, a 12% QoQ decline, reflecting industry trends.

• App users increased to 22.3 million, up 2% QoQ, with a focus on platform expansion, digital onboarding, and customer service excellence.

• Product and tech innovation continued, including AI-powered features and new trading tools to enhance customer experience.

• Board approved unaudited financial results for Q1 FY26; key management changes included resignation of Company Secretary and appointment of an Additional Non-Executive Independent Director.

Financial highlights

• Total income for Q1 FY26 was INR 77.8 crore, up 9% QoQ; PAT reached INR 11.5 crore, a 15% increase QoQ, with PAT margin at 15%.

• Standalone and consolidated revenue from operations for Q1 FY26 was ₹7,768.89 lakhs, up from Q4 FY25.

• Average daily turnover (ADTO) grew to INR 2.25 trillion, up 17% QoQ; mutual fund AUM rose 13% QoQ to INR 1,573 crore.

• Client funding book grew 20% QoQ to INR 312 crore.

• Cost-to-income ratio improved to 71% from 75% in Q4FY25; EBDTA margin improved to 23%.

Outlook and guidance

• Continued investment in product and technology upgrades, with aggressive client acquisition expected after current tech cycle.

• Focus on monetizing older client cohorts and expanding wallet share via mutual funds and margin trading.

• No immediate plans to diversify into insurance or wealth management; focus remains on trading and investing segments.