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5PAISACAPITAL Financial Services 2026-04-??

5paisa Capital Limited — Q4 FY26

5paisa Capital reported Q4 FY26 total revenue of 85.5 cr, up 8% QoQ, and PAT of 44.3 cr.

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Revenue ₹85 Cr
EBITDA
PAT ₹11 Cr
EBITDA Margin 30%
Duration 15 min
Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

5paisa Capital reported Q4 FY26 total revenue of 85.5 cr, up 8% QoQ, and PAT of 44.3 cr. Broking revenue grew 13% QoQ to 41.8 cr, while client funding book rose 8% to 410 cr. The company added over 1 lakh customers in the quarter, taking the total base to 51.8 lakh. Management highlighted investments in AI, product features, and tech infrastructure to improve trading experience. A rights issue of 468 cr was completed, boosting net worth to over 1,100 cr. Guidance focuses on deploying capital for margin expansion, MTF growth, and business development. Risks include volatile capital markets and potential moderation in retail participation.

Risks3 trackedTranscriptfull text
Research workspace

Focused Modules

Claim Ledger 60% answered

Did management answer the analysts?

5 analyst questions audited.

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!Risks 3 risks

Risk Intelligence

Volatile capital markets

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Transcript Full text

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Quarter Snapshot

Customer additions 1,00,000+
+33% QoQ

Acquired north of one lakh customers in Q4, a 33% increase over the previous quarter.

Total customer base 51.8 lakh
flat

Total customer base reached 51.8 lakh as of March 31, 2026.

FNO premium ADTO 1,336 cr
+22% QoQ

FNO premium average daily turnover grew 22% quarter-on-quarter to 1,336 cr.

Market share (FNO & cash) ~2%
flat

Company holds approximately 2% market share in both FNO and cash segments.

What Changed vs Last Quarter

Comparing Q4 FY26 vs Q3 FY26
2 new guidance3 new risk2 risk resolved
NEW
Capital deployment for margin expansion

Rights issue proceeds of 468 cr will be used to support higher trading volumes, grow MTF book, and fund business expansion.

NEW
Increase in margin capacity to 1.5x

Margin capacity has been increased to 1.5x from existing capacity using the raised capital.

NEW RISK
Volatile capital markets

Geopolitical tensions, AI disruption, and macroeconomic uncertainty have led to 11% index decline and may impact trading volumes.

NEW RISK
Moderation in retail participation

Industry-wide demat account additions slowed 3% QoQ, indicating potential slowdown in retail investor activity.

NEW RISK
Profit decline due to investments

PAT declined due to increased spending on tech, AI, and hiring, which may pressure near-term profitability.

RISK GONE
Rising Employee Costs

Employee benefit expenses rose 9% QoQ due to new talent additions and a one-time P&L hit from new labor laws, which could pressure margins if sustained.

RISK GONE
No Analyst Questions Raised

The Q&A session had no questions from analysts, suggesting possible lack of investor engagement or concerns not addressed.

Fast read

Guidance and risk preview

Top guidance Capital deployment for margin expansion

Rights issue proceeds of 468 cr will be used to support higher trading volumes, grow MTF book, and fund business expansion.

Top risk Volatile capital markets

Geopolitical tensions, AI disruption, and macroeconomic uncertainty have led to 11% index decline and may impact trading volumes.

View Risks →