5paisa Capital Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 11, 2023 at 06:43 am
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5paisa Capital Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported revenue was INR 838.06 million compared to INR 802.15 million a year ago. Net income was INR 110.17 million compared to INR 7.43 million a year ago. Basic earnings per share from continuing operations was INR 3.6 compared to INR 0.26 a year ago. Diluted earnings per share from continuing operations was INR 3.58 compared to INR 0.25 a year ago.
For the nine months, revenue was INR 2,480.81 million compared to INR 2,096.76 million a year ago. Net income was INR 291.52 million compared to INR 93.33 million a year ago. Basic earnings per share from continuing operations was INR 9.52 compared to INR 3.21 a year ago. Diluted earnings per share from continuing operations was INR 9.45 compared to INR 3.17 a year ago.
5paisa Capital Limited is an India-based technology-driven financial service company having mainly an online presence. The Company's business is to provide broking services to its clients in the capital markets in India and all other activities are ancillary to the main business. The Company provides financial products through online platforms and mobile applications. Its customer base mainly comprises retail investors, traders who deal in the securities market and seek do-it-yourself (DIY) services. Its product offering includes broking, mutual funds, wealth management, research products, insurance, Algo Trading, commodities, learning platform (Finschool) and community (Stocky5). Through its Internet terminals and mobile applications, the Company provides its clients with access to its online technology platform for trading in securities and commodities on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE) and Multi Commodity Exchange of India Limited (MCX).