The company acquired 2.67 lakh customers in the quarter, up by 15 percent QoQ. However, its retail market share went down 16 percent sequentially to 2.36 percent.
In the first week of February, clients of these brokers must pay as much as 100% upfront margin for all new positions within the margin trading facility (MTF) in the cash segment in an attempt to discourage traders from taking excessive risks in the event of sharp swings.
The brokerage firm reported a profit after tax of Rs 15.1 crore in Q3FY24, which is higher by 37 percent YoY, but down 21 percent on a sequential basis.
5paisa Capital reported that its consolidated net profit rose 37% YoY to Rs 15.1 crore for the quarter ended December. The same stood at Rs 11 crore in the year-ago period.
5paisa Capital Q3 Results 2024: The Company s consolidated income jumped 20% YoY to ₹100 crore, while profit before tax amounted to ₹20.2 crore. The stocks of 5Paisa Capital were trading in red, down 7.15 per cent, at ₹642.70 on BSE at 10:33 am on January 12, 2023.