5paisa Capital (5PAISA) Q4 24/25 earnings summary

Executive summary

• FY25 revenue was ₹3,598 Mn, down 9% YoY, while PAT rose 25% to ₹682 Mn, with margin improvement to 19% from 14% in FY24.

• Q4 FY2025 was marked by significant regulatory changes, notably SEBI's F&O reforms, leading to a sharp decline in trading volumes and overall income across the broking industry.

• Audited standalone and consolidated financial results for the quarter and year ended March 31, 2025, were approved, with unmodified audit opinions issued by statutory auditors.

• The company focused on technology investments and product enhancements to improve customer experience and attract high-quality clients.

• Board approved re-appointment of a non-executive independent director and appointments of internal and secretarial auditors.

Financial highlights

• FY25 consolidated revenue from operations was ₹39,457.21 lacs, up from ₹35,957.01 lacs in FY24; consolidated net profit for FY25 stood at ₹6,823.31 lacs, compared to ₹5,444.15 lacs in FY24.

• Broking revenue declined 23% QoQ in Q4 FY2025 due to industry-wide drop in derivative volumes; Q4FY25 brokerage income down 22% QoQ and 33% YoY.

• MTF income fell 11% QoQ after a reduction in interest rates; allied and other operating income dropped by 8% and 11% respectively.

• Total expenses reduced by 9% QoQ to INR 580 million.

• Net worth surpassed INR 6 billion as of March 31, 2025.

Outlook and guidance

• Management expects normalization of markets and business performance over the next few quarters, aiming to return to historical profitability levels.

• Regulatory headwinds and market volatility expected to continue impacting trading volumes and income.

• Focus remains on digital platform enhancements, customer acquisition, and cross-sell opportunities.