5Paisa Capital Limited — PPTs, 01-05-2025: Investor Presentation

**1. Financial Highlights:**

Q4 revenue at ₹71.4 Cr declined 16% QoQ and 37% YoY, triggered by a 22% fall in brokerage income to ₹34 Cr. PAT dropped 38% QoQ to ₹10.1 Cr but FY25 PAT rose 25% YoY to ₹68.2 Cr on 9% lower revenue of ₹360 Cr. PAT margin eased to 14% in Q4 versus 19% for FY25. ADTO tumbled 36% QoQ to ₹1.93 trillion. Net worth improved to ₹60.36 Cr. Cost-to-income ratio rose to 81% in Q4 from 75%, indicating margin pressure. Client funding stable at ₹260 Cr.

**2. Strategic Initiatives & Growth Drivers:**

5paisa is deepening its digital-first platform with 21.7 million app installs and product migration to Flutter for faster performance. Tech and product staff represent 37% of employees. New offerings include AI-driven intraday trading (IntraEdge), live expert sessions (QTV), and seamless mutual fund SIP via UPI autopay. Focus remains on monetizing older client cohorts and enhancing multi-platform capabilities like FnO360 and Xstream API.

**3. Business Developments:**

Client base grew 2% QoQ to 4.83 million with 0.91 lakh new additions, down 19% QoQ. Digital onboarding remains strong at 86%. Despite sharp quarterly declines in total orders and turnover due to market weakness, customer engagement is being bolstered through app improvements and expanded cross-sell options such as margin trading and mutual funds.

**4. Market Position & Competitive Advantage:**

The company’s all-in-one platform targets Tier 2/3 cities with tailored trading solutions across segments. A scalable digital model backed by a solid net worth and customer-centric differentiation sustains its competitive edge in a growing retail brokerage market.

**5. Investor Implications:**

Market softness and margin pressure pose near-term challenges, but ongoing tech investments and diversified revenue streams suggest positive growth potential. Execution risks include customer acquisition and cost control. Strong PAT growth and liquidity provide resilience. Retail investors should track turnover recovery and monetization progress in the existing client base.