5paisa Capital Ltd (BOM:540776)
₹ 367.25 +1.2 (+0.33%) Market Cap: 17.22 Bil Enterprise Value: 6.82 Bil PE Ratio: 28.18 PB Ratio: 1.77 GF Score: 69/100

Q3 2026 5Paisa Capital Ltd Earnings Call Transcript

Jan 14, 2026 / 08:30AM GMT
Release Date Price: ₹383.8 (+7.60%)

Key Points

Positve
  • 5paisa Capital Ltd (NSE:5PAISA) witnessed strong traction in retail participation, with a 15% quarter-on-quarter improvement in retail exchange premium for F&O ADTO.
  • The company acquired 78,000 new customers in Q3 FY26, increasing the total customer base to 55.08 million.
  • Operationally, the notional ADTO grew to 3.31 trillion, marking a robust growth of 24% quarter-on-quarter.
  • Mutual fund AUM reached INR1,868 crores, reflecting a healthy growth of 13% quarter-on-quarter.
  • PAT for Q3 FY26 came in at 12.3 crores, reflecting a robust 30% quarter-on-quarter growth and a PAT margin of 16%.
Negative
  • Employee benefit expenses rose by 9% over the last quarter, driven mainly by new talent additions and a one-time P&L hit due to new labor laws.
  • Broking revenue growth was modest at 7% quarter-on-quarter, indicating potential challenges in scaling this revenue stream.
  • Allied income saw only a 2% quarter-on-quarter increase, suggesting limited growth in this area.
  • The company faced a one-time P&L hit of INR62.2 Lakh due to the implementation of new labor laws.
  • Despite enhancements, there was no mention of significant breakthroughs in technology or product innovation that could differentiate 5paisa Capital Ltd (NSE:5PAISA) from competitors.
Operator

Good afternoon ladies and gentlemen. I'm Adri, moderator for the conference call. Welcome to 5Paisa Capital Limited Q3 FY26 earnings conference call. We have with us today Mr. Gaurav Seth, MD and CEO, and Mr. Gourav Munjal, whole-time director and CFO, and Mr. Ameya Agnihotri, full-time director and CTO from 55 Capital Limited.

(Operator instructions) I would now like to hand over the floor to the management.

Thank you and over to you, sir.

Gaurav Seth
5Paisa Capital Ltd - Chief Executive Officer, Managing Director, Additional Director

Thank you.

Hi. Hello, everyone. Good afternoon. Welcome to our earnings call. So, I will, I'll get straight to it. We started with the commentary for the last quarter. Q3 FY26 for us is a constructive quarter for investors with the Nifty and Sensex touching all time highs, leading to improved sentiment across the broader market. And at the same time, domestic institutional investors continue to invest steadily, acting as strong counterbalancing force in the market.

During this quarter, we

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