Volatile capital markets
Geopolitical tensions, AI disruption, and macroeconomic uncertainty have led to 11% index decline and may impact trading volumes.
5PAISACAPITAL / Q4-FY26 / risks
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5paisa Capital · Material risks, their source context, and severity in the latest available quarter.
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Risk intelligence
Material risks this quarter
high
Moderation in retail participation
Industry-wide demat account additions slowed 3% QoQ, indicating potential slowdown in retail investor activity.
Profit decline due to investments
PAT declined due to increased spending on tech, AI, and hiring, which may pressure near-term profitability.