Income has increased by 38% YoY to ₹84.1 crores. Broking Income has increased by 37% as Other income improved by 61% YoY. Profit after Tax grew by 3% YoY to ₹7.4 crores for Q1 FY 2023. EBITDA improved by 21% and Gross Margin which is Gross Margin = Total Revenue – Marketing spend on customer acquisition – clients onboarding team salary cost – other operational cost for client onboarding team.
Total Customers grew 82% YoY to 29,68,000 but Client Acquisition fell by 18% YoY to 2,28,544. For FY 2023 EPS fell by 0.4%. The management has decided to improve user experience and go after quality acquistions for FY 2022-23.