5paisa Capital (5PAISA) Q3 25/26 earnings summary

Executive summary

• Q3 FY26 achieved record quarterly revenue of ₹793 Mn and PAT of ₹123 Mn, with 2% and 30% sequential growth, respectively, as Nifty and Sensex reached all-time highs, boosting retail and institutional participation.

• Customer base reached 5.08 million, with 78,000 new clients acquired in Q3FY26, focusing on higher first-year revenue and improved customer lifetime value.

• Enhanced digital onboarding, product suite, and customer service, with CSAT at 94% and app rating at 4.2.

Financial highlights

• Notional ADTO grew 24% QoQ to ₹3.31 trillion; broking revenue increased 7% QoQ to ₹37.1 crores; allied income rose 2% QoQ to ₹19.8 crores.

• Total revenue for the quarter was ₹793 Mn, up 3% QoQ but down 7% YoY; PAT reached ₹123 Mn, up 30% QoQ but down 24% YoY; PAT margin at 15%–16%.

• Net worth stood at ₹639 crores as of December 31, 2025, with return on net worth at 15.5%.

• EBDTA rose 23% QoQ to ₹187 Mn, with margin improving to 24%.

• For 9MFY26, revenue declined 19% YoY to ₹2,344 Mn, and PAT dropped 43% YoY to ₹334 Mn.

Outlook and guidance

• Continued focus on technology and product innovation, leveraging AI to enhance customer experience and platform capabilities.

• Focus on expanding product offerings, leveraging technology, and deepening market penetration.

• Continued investment in customer experience, digital engagement, and compliance.