5paise Capital Reports 49% Income Growth Q-o-Q – CORPORATE ETHOS

5paise Capital Reports 49% Income Growth Q-o-Q

By: | January 17, 2019

5paise Capital has reported income growth of 49% Q-o-Q to Rs 18.95 cr while income for nine months rose 246% Y-o-Y basis to Rs 40.75 cr.Net loss stood at `353 Lakhs for the quarter, down 50% q-o-q, and `1,624 Lakhs for the nine month period, down 12% y-o-y.

“We are pleased to announce another strong quarter with a 49% growth in revenues despite a muted market and continuing economic challenges. This quarter we also achieved a 50% reduction in losses against the previous quarter. We have crossed a milestone of 150,000 customers till date and have maintained our overall market share of close to 2% in cash market turnover and over 1% in total market turnover. We are focussed on sustainable growth and endeavour to maintain our performance over the coming periods,” according to Prakash Gadgani, Whole Director and CEO.

Turnover
The average daily cash turn over grew by 19% over the last quarter against an overall exchange cash turnover de-growth of 5% q-o-q. The average daily total turnover was up 29% q-o-q whereas exchange total turnover was down 8% q-o-q.

Market Share
Our average daily total market share grew 42% q-o-q to 1.41%, and average daily cash market share grew 26% q-o-q to 1.8%.

Digital initiatives
The 5paisa Mobile App has over 20,00,000 downloads till date with a sustained 4 Star rating on Playstore.

Customers
We maintained our swift pace of client acquisitions, crossing 1,50,000 customers, recording a growth of 290% over the nine month period of the previous year. We have a large proportion of clients from tier II/III cities, and a majority trade though our mobile app.