5paisa Capital (5PAISA) Q4 14/15 earnings summary

Executive summary

• FY15 revenue reached Rs 113.71 mn vs Rs 45.77 mn in FY14; net profit rose to Rs 35.31 mn from Rs 11.65 mn, supported by equity-market buoyancy and arbitrage opportunities.

• Proprietary trading expanded, while broking services were offered to selected HNI clients referred by group businesses, subject to KYC and regulatory requirements.

Financial highlights

• Revenue from operations was Rs 113.70 mn in FY15 vs Rs 45.77 mn in FY14; other income was Rs 0.01 mn.

• Profit before tax was Rs 51.73 mn vs Rs 17.42 mn; profit after tax was Rs 35.31 mn vs Rs 11.65 mn.

• Employee benefits expense was Rs 20.19 mn vs Rs 19.30 mn; finance costs were Rs 22.95 mn vs Rs 0.02 mn.

Outlook and guidance

• FY16 growth prospects were expected to benefit from government development initiatives, infrastructure spending and a pickup in the business cycle and consumer demand.

• The economic outlook anticipated FY16 CAD below 1% of GDP, fiscal deficit at the 3.9% target and CPI inflation below the RBI's 6% target by January 2016.