Q4 2024 5Paisa Capital Ltd Earnings Call Transcript
Key Points
- 5paisa Capital Ltd (BOM:540776) achieved its lifetime highest revenue in Q4 2024 of INR112.9 crores, marking a 13% growth quarter on quarter and 24% growth year on year.
- The company acquired 2.66 lakh customers in Q4 FY24, reflecting a 15% quarter-on-quarter growth and a 96% growth year on year, bringing the total customer base to 42.3 lakhs.
- Total average daily turnover grew to INR3.82 trillion, a 58% year-on-year growth.
- Mutual fund AUM reached INR941 crore, an 18% quarter-on-quarter growth.
- 5paisa Capital Ltd (BOM:540776) introduced new features in its core mobile app and launched Trade Station 2.0, enhancing user experience for high-end traders.
- Q4 profitability was down mainly due to RSU and ESOP costs for talent acquisition.
- Employee costs increased by 51% year on year, primarily due to onboarding new talent.
- Finance costs rose by 39% year on year, mainly due to changes in exchange-related loss.
- The company plans to reinvest profits to scale growth, which will impact short-term profitability.
- The amortization of RSU and ESOP costs will continue to impact financials over the next two years.
Good afternoon, ladies and gentlemen. I'm Soumya, moderator for the conference call. Welcome to 5paisa Capital Limited Q4 FY24 earnings conference call. We have with us today Mr. Narayan Gangadhar, MD and CEO of 5paisa Capital Limited; and Mr. Gourav Munjal, Whole-Time Director and CFO of 5paisa Capital Limited. (Operator Instructions) Please note, this conference is recorded.
I would now like to hand over the floor to the management. Thank you, and over to you, sir.
Hi, everyone. Good afternoon, and welcome to our Q4 '24 earnings call. On the call, I have with me Mr. Gourav Munjal, our CFO. In this quarter, quarter four of FY24, we acquired 2.66 lakh customers, reflecting a 15% quarter-on-quarter growth and a 96% growth year on year and our total customer base reached 42.3 lakhs.
During the past year -- past quarter, our total average daily turnover grew to INR3.82 trillion, 58% year-on-year growth; our average client funding book stood at INR358 crore, a
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