5Paisa Capital Limited — Q3 FY26

5Paisa Capital Ltd Q3 FY2025-26 Earnings Conference Call https://www.youtube.com/watch?v=iaP8BnKak-8 Published: 4 months ago

0:00 Good afternoon ladies and gentlemen. I Adri moderator for the conference call. 0:05 5 seconds Welcome to FICA Capital Limited Q3 FY26 earnings conference call. We have with us today Mr. Gowra S MD and CEO and Mr. 0:15 15 seconds Goro Munjan wholetime director and CFO and Mr. Amaya Agnihotri wholetime director and CTO from PIC Capital Limited. 0:26 26 seconds As a reminder, all participants will be in listenonly mode and there will be an opportunity for you to ask questions after the presentation concludes. Should 0:34 34 seconds you need any assistance during the conference call, please signal an operator by pressing star and zero on your touchstone telephone. Please note 0:43 43 seconds this conference is recorded. I would now like to hand out the floor to the management. Thank you and over to you sir. 0:51 51 seconds Thank you. Hi. Hello everyone. Good afternoon. Welcome. Welcome to our earnings call. 0:58 58 seconds Um so I will uh I'll get straight to it. 1:00 1 minute We started with the commentary for the last quarter. Um Q3 FI26 4 hours is a constructive quarter for investors with 1:09 1 minute, 9 seconds the Nifty and Sensex touching all-time highs leading to improved sentiment across the broader market and at the same time domestic institutional 1:17 1 minute, 17 seconds investors continue to invest steadily acting as strong counterbalancing force in the market. During this quarter, we witnessed strong traction in retail 1:24 1 minute, 24 seconds participation. Um the retail exchange premium for uh FNTO improved by 15% quarteron quarter as 1:33 1 minute, 33 seconds compared to Q2. Um and to 63.9,000 crores while retail cash ADO remained 1:40 1 minute, 40 seconds stable at 39.8 or close to 40,000 crores. Uh, additionally industrywide MTF book continued to scale and crossed 1:49 1 minute, 49 seconds 1.1 lakh crores during the quarter reflecting increased adoption of this product. In Q3 FI26, we acquired 78,000 1:58 1 minute, 58 seconds new customers, taking our total customer base to 55.08 million. We remain focused on improving the liquidity of uh 2:06 2 minutes, 6 seconds improving the quality of customer acquisition with emphasis on higher firstear revenue, faster payback periods and improved 2:14 2 minutes, 14 seconds lifetime value. Operationally, our notional ADTO grew to 3.31 trillion registering a robust growth of 24% 2:23 2 minutes, 23 seconds quarteron quarter. Our average client funding book stood at 379 crores which is up 4% quarteron quarter while mutual 2:31 2 minutes, 31 seconds fund AUM reached 1,868 crores reflecting a healthy growth of 13% uh quarteron quarter. 2:41 2 minutes, 41 seconds Speaking of our financial performance for Q3 FY26 broking revenue grew to 30 grew to 37.1 crores. This is a 7% Q on Q 2:49 2 minutes, 49 seconds or cotton cotton increase. Allied income stood at 19.8 8 cr which is up 2%. Uh quarteron quarter overall total revenue 2:58 2 minutes, 58 seconds for the quarter was 79.4 cr again representing a 3% quarteron quarter growth. Employee benefit expenses rose 3:04 3 minutes, 4 seconds by 9% uh over the last quarter driven mainly by new talent additions and a one-time P&L hit of 62.2 2 lakh 3:13 3 minutes, 13 seconds resulting from implementation of new law labor laws effective 21st November 2025 3:20 3 minutes, 20 seconds supported by optimization across other expense lines our PAT for Q3 FI26 came in at 12.3 crores reflecting a robust 3:29 3 minutes, 29 seconds 30% quarteronquarter growth and a PAT margin of 16%. Our net worth stood at 639 cr as of December 31st 2025. 3:40 3 minutes, 40 seconds On product and technology front, we continue to focus on improving investing and trading efficiency, user experience, and platform depth. 3:48 3 minutes, 48 seconds Several key enhancements rolled out during the quarter. We strengthened derivatives trading by enabling position grouping by underlying an expiry, 3:56 3 minutes, 56 seconds allowing users to view and manage live positions directly from the option chain and introduce advanced candlestick pattern indicators on uh Trading View. 4:04 4 minutes, 4 seconds 5S. 4:05 4 minutes, 5 seconds These enhancements have made multillex strategy management, risk assessment and technical analysis faster and more intuitive. Further features such as 4:13 4 minutes, 13 seconds instant margin credit on stock selling and an expanded pay later MTF now covering over 1500 stocks with higher 4:20 4 minutes, 20 seconds limits up to 3 crores and lower interest rates have significantly improved MTF adoption. On the onboarding side, we 4:27 4 minutes, 27 seconds enabled MTF activation from day zero and reduced friction through OCR based data capture, penny drop verification, 4:34 4 minutes, 34 seconds intelligent bank refill, and a more reliable e- sign flow. These improvements have resulted in lower drop offs, higher success rates, and faster 4:43 4 minutes, 43 seconds account activation. Collectively, these initiatives have further strengthened platform stability um and scalability, monetization 4:50 4 minutes, 50 seconds potential, and appeal to serious traders and investors. From a tech perspective, we enhanced trading performance by 4:57 4 minutes, 57 seconds caching static data, thereby reducing API calls across both web and app platforms. Market feed APIs are 5:04 5 minutes, 4 seconds optimized reduced payload size by up to 50%. We also improve the charting experience through faster load times, 5:11 5 minutes, 11 seconds optimized data loading, and improving rendering performance. We remain committed to continuous innovation and to strengthening our product and 5:19 5 minutes, 19 seconds technology stack with increasingly leverage uh leveraging AI to enhance customer experience and management. With 5:26 5 minutes, 26 seconds that I conclude my opening remarks and would like to open the floor for any questions. Thank you. 5:33 5 minutes, 33 seconds Thank you sir. Ladies and gentlemen, we will now begin the question and answer session. If you have a question, please 5:40 5 minutes, 40 seconds press star and one on a telephone keypad and wait for your turn to ask the question. If you would like to withdraw 5:48 5 minutes, 48 seconds your request, you may do so by pressing star and one again. 5:55 5 minutes, 55 seconds Dear participants, if you have any questions, please press star and one on your telephone keypad. 6:07 6 minutes, 7 seconds Dear participants, if you have any questions, please press star and one on your telephone keypad. 6:16 6 minutes, 16 seconds Dear participants, if you have any questions, please press star and one on your telephone keypad. 6:25 6 minutes, 25 seconds Uh moderator, just to be sure, I mean uh everyone, you know, is able to participate or ask question there is no 6:32 6 minutes, 32 seconds I mean problem in connecting to you, right? No sir, there is no issues sir. 44 participants are connected. 6:40 6 minutes, 40 seconds Okay, good. 6:42 6 minutes, 42 seconds Dear participants, if you have any questions, please press star and one on your telephone keypad. 6:51 6 minutes, 51 seconds Uh moderator, we will wait for another two to three minutes and then if there is no question, we can conclude. Okay sir. 7:07 7 minutes, 7 seconds Dear participants, if you have any questions, please press star and one on a telephone keypad. 7:20 7 minutes, 20 seconds Uh so I guess uh there is no question more data. We can conclude. Okay sir. 7:27 7 minutes, 27 seconds Ladies and gentlemen, this concludes your conference for today. Thank you for your participation and for using DSA's conference call service. You may 7:34 7 minutes, 34 seconds disconnect your lines now. Thank you and have a pleasant evening.