Note: This is a preliminary transcript and may contain inaccuracies. It will be updated with a final, fully-reviewed version soon.
5paisa Capital Limited (NSE: 5PAISA) Q3 2026 Earnings Call dated Jan. 14, 2026
Corporate Participants:
Adri — Operator
Gaurav Seth — Chief Executive Officer & Managing Director
Analysts:
Unidentified Participant
Presentation:
Adri — Operator
Good afternoon ladies and gentlemen. I’m Adri moderator for the conference call. Welcome to 553 Capital Limited Q3FY26 earnings conference call. We have with us today Mr. Gaurav Seth, MD and CEO and Mr. Gaurav Munchan, full time director and CFO and Mr. Amera Agnihotri, full time director and CTO from Five Five Capital Limited as a reminder, all participants will be in listen only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need any assistance during the conference call, please signal an operator by pressing Star and zero on your touch tone telephone.
Please note this conference is recorded. I would now like to hand out the floor to the management. Thank you. And over to you sir.
Gaurav Seth — Chief Executive Officer & Managing Director
Thank you. Hi. Hello everyone. Good afternoon. Welcome. Welcome to our earnings call. So I’ll get straight to it and start it with the commentary for the last quarter. Q3FY26 for us is a constructive quarter for investors with the Nifty and Syntex touching all time highs leading to improved sentiment across the broader market and at the same time domestic institutional investors continue to invest steadily acting as strong counterbalancing force in the market. During this quarter we witnessed strong traction in retail participation.
The retail exchange premium for FNO adto improved by 15% quarter on quarter as compared to Q2 and to 63.9 thousand crores. While retail cash adto remains stable at 39.8 or close to 40,000 crores. Additionally, industry wide NTF book continued to scale crossed 1.1 lakh crores during the quarter reflecting increased adoption of this product. In Q3 FY26 we acquired 78,000 new customers taking our total customer base to 55.08 million. We remain focused on improving the liquidity of improving the quality of customer acquisition with emphasis on higher first year revenue after payback periods and improved lifetime value.
Operationally our notional ADTO grew to 3.31 trillion registering a robust growth of 24% quarter on quarter. Our average client funding book stood at 379 crores which is up 4% quarter on quarter while mutual fund AUM reached 1868 crores reflecting a healthy growth of 13% quarter on quarter. Speaking of our financial performance for Q3FY26 broking revenue grew to 37.1 crores which is a 7% Q on Q or quarter on quarter increase. Allied income stood at 19.8 crore which is up 2% quarter on quarter. Overall total revenue for the quarter was 79.4 crore, again representing a 3% quarter on quarter growth.
Employee benefit expenses rose by 9% over the last quarter, driven mainly by new talent additions and a one time P&L hit of 62.2 lakh resulting from implementation of new labor laws effective 21-11-2025 supported by optimization across other expense lines. Our PAT for Q3FY26 came in at 12.3 crores reflecting a robust 30% quarter on quarter growth and a PAT margin of 16%. Our net worth stood at 639 crore as of 12-31-2025. On product and technology front, we continue to focus on improving investing and trading efficiency, user experience and platform depth.
Several key announcements rolled out during the quarter we strengthened derivatives trading by enabling position grouping by underlying an expiry allowing users to view and manage live positions directly from the option chain, and introduced advanced candlestick pattern indicators on TradingView FICASA. These enhancements have made multi leg strategy management, risk assessment and technical analysis faster and more intuitive. Further features such as instant margin credit on stock selling and an expanded pay later MTF now covering over 1500 stocks with higher limits up to 3 crores and lower interest rates have significantly improved MTF adoption.
On the onboarding side, we enabled MTF activation from day zero and reduced friction through OCR based data capture, penny drop verification, intelligent bank refill and a more reliable peace line flow. These improvements have resulted in lower drop offs, higher success rates and faster account activation. Collectively, these initiatives have further strengthened platform stability and scalability monetization potential and appeal to serious traders and investors. From a tech perspective, we enhance trading performance by caching static data thereby reducing API calls across both web and app platforms.
Market feed APIs are optimized, reduced payload size by up to 50%. We also improved the charting experience through faster load times, optimized data loading and improving rendering performance. We remain committed to continuous innovation and to strengthening our product and technology stack with increasingly leveraging AI to enhance customer experience and management. With that I conclude my opening remarks and like to open the floor for. Thank you,
Adri — Operator
Thank you sir. Ladies and gentlemen, we will now begin. The question and answer session. If you have a question, please press star and one on your telephone keypad. Wait for your turn to ask the question. If you would like to withdraw your request, you may do so by pressing star and one. Again. The participants if you have any questions, please press star and one on your telephone keypad. Dear participants, if you have any questions, please press star and one on your telephone keypad. The participants if you have any questions, please press star and one on your telephone keypad.
Questions and Answers:
Unidentified Participant
Moderator Just to be assure, I mean, everyone you know is able to participate or ask question, there is no, I mean, problem in connecting to you, right?
Adri
No, sir, there is no issue, sir. 44 participants are connected. The participants if you have any questions, please press star and one on a telephone keypad.
Unidentified Participant
It. Moderator we will wait for another two to three minutes and then if there is no question, we can conclude.
Adri
Okay, sir. It. The participants, if you have any questions, please press Star N1 on your telephone keypad.
Unidentified Participant
So I guess no question, more data, we can conclude.
Adri
Okay, sir. Ladies and gentlemen, this concludes your conference for today. Thank you for your participation and for using Doorsabha’s conference call service. You may disconnect your lines now. Thank and have a pleasant