In an unexpected twist, 5paisa Capital has just revealed a staggering 37% increase in its profit after tax (PAT) compared to last year, soaring to ₹15.1 crore for the quarter ending in December 2023. This is a significant leap from the previous ₹11 crore during the same period the previous year. Surprisingly, despite this remarkable growth, the shares of 5Paisa Capital were trading down by 7.15% at ₹642.70 on BSE.

Even more astonishing is that this drop in shares occurred while the Nifty reached an all-time high. The stock market sector has experienced a remarkable surge, adding over 96 lakh demat accounts. This expansion was revealed by the company in an official release.

The company’s consolidated income also experienced a substantial increase of 20% year-on-year during the reporting quarter, reaching ₹100 crore compared to ₹83.8 crore last year. Additionally, in the fourth quarter of the year, the profit before tax amounted to ₹20.2 crore, marking a 37% increase.

Narayan Gangadhar, the CEO of 5paisa Capital Ltd, proudly declared, “We have also scaled our client acquisition to 2.32 lakh customers, up 71% q-o-q, reaching a total customer base of 39.6 lakhs and a market share of 2.4% of incremental client acquisitions, which is up 63% q-o-q. Further, our total average daily turnover has gone up to Rs.3.70 trillion, up 80% y-o-y. We are confident of accelerating the momentum of our customer acquisitions and revenue in the coming quarters.”

For the nine months of FY24, the revenue increased by 14% year-on-year to ₹282 crore, while the profit was up 67% year-on-year to ₹48.7 crore. The company has scaled its client acquisition to 2.32 lakh customers in the third quarter, up 71% on a sequential basis, reaching a total customer base of 39.6 lakhs. The company’s average daily turnover has also seen an 80% increase to ₹3.70 lakh crore.

During the third quarter, the company on-boarded 2.32 lakh new clients, bringing the total number of registered customers to 3.96 million.

So, despite the shares taking a hit, it’s clear that 5paisa Capital has been on a path of impressive growth and success. It’s definitely a company to keep an eye on in the coming quarters. With a world of benefits just a click away, from insightful newsletters to real-time stock tracking and live updates, 5paisa Capital promises to keep you invested in the pulse of the market. Join the ranks of informed investors – login now and unlock a world of potential! For all corporate news and updates, look no further than Live Mint. Stay up-to-date with the latest action on Budget 2024 and download the Mint News App for daily market updates and live business news.