{"id":138621,"date":"2023-01-12T09:19:17","date_gmt":"2023-01-12T14:19:17","guid":{"rendered":"https:\/\/44.250.171.167\/?p=138621"},"modified":"2023-01-12T09:19:19","modified_gmt":"2023-01-12T14:19:19","slug":"5paisa-capital-limited-q3-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/5paisa-capital-limited-q3-fy23-earnings-conference-call-insights\/","title":{"rendered":"5paisa Capital Limited Q3 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from 5paisa Capital Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/5PAISA\/\">5PAISA<\/a>) Q3 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>[00:05:06] 5PAISA said that with the acquisition of IIFL Securities it will acquire about 1.5 million customers and will boost the company\u2019s overall client base by around 40%.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:07:14] Rishikesh Oza of RoboCapital asked about the reason for avg. daily turnover (ADTO) doubling YonY, while revenue remaining flat YonY. Prakarsh Gagdani CEO replied that it\u2019s because ADTO doesn\u2019t necessarily mean entirely transforming into number of orders. 5PAISA charges on a per order basis.<\/li>\n<\/ul>\n<ul>\n<li>[00:09:19] Rishikesh Oza from RoboCapital enquired about the total employee count of the company and market cost for 3Q23. Prakarsh Gagdani CEO answered that 5PAISA is in the range of about 700-725 employees. And marketing cost was INR12.2 crore in 2Q23, while in 3Q23 it was INR11.6 crores.<\/li>\n<\/ul>\n<ul>\n<li>[00:09:56] Manish Ostwal with Nirmal Bang asked about cost of acquisition of customers declining sharply from 1Q23 to 3Q23 and if the current level is sustainable. Prakarsh Gagdani CEO answered that in 2Q23 it was INR574 and in 3Q23 it\u2019s at INR525. 5PAISA expects the cost to hover between INR500-600.<\/li>\n<\/ul>\n<ul>\n<li>[00:13:24] Manish Ostwal of Nirmal Bang also asked about the customer acquisition run rate of 162,000 and where this trend is stabilizing. Prakarsh Gagdani CEO replied that since 5PAISA is not acquiring as much as the industry and is focused on quality, the run rate will remain in the range of 1.5-2.5 lakh account on a quarterly basis.<\/li>\n<\/ul>\n<ul>\n<li>[00:15:58] \u00a0Kajal G from ICICI asked about 5PAISA\u2019s plan in tackling sharp decline in active clients, which is also an industry trend. Prakarsh Gagdani CEO clarified that active clients is not the right number to look at. The right number to look at is the income, turnover and profitability growth.<\/li>\n<\/ul>\n<ul>\n<li>[00:27:54] Alok Kumar of UTI asked about the market share of 5PAISA in the derivative market. Prakarsh Gagdani CEO answered that currently the company is in the range of about 3.2% vs. 3.1-3.14% in 2Q23.<\/li>\n<\/ul>\n<ul>\n<li>[00:28:11] Alok Kumar with UTI asked if there is a possibility of increasing the broking rates in the coming quarters. Prakarsh Gagdani CEO answered that with the kind of regulatory changes, it\u2019s pushing cost of operations higher every quarter. So currently, with the changes, the broking rates will go up.<\/li>\n<\/ul>\n<ul>\n<li>[00:30:12] Alok Kumar with UTI also asked about the growth trajectory in terms of customer acquisition for the coming quarters. Prakarsh Gagdani CEO replied that 5PAISA is expecting the acquisition number in the same range of 7.5, 8 lakh customers to 1 million per year and it will continue to do that.<\/li>\n<\/ul>\n<ul>\n<li>[00:39:07] Sumit Jankar of Motilal Oswal asked about the current cash market share and the proportion of cash and derivatives in terms of revenue. Prakarsh Gagdani CEO said that the cash market share is in the range of about 2.7-2.8% and derivate is around 3.2%. On revenue breakup, 65-70% of revenue comes from derivative and balance from cash.<\/li>\n<\/ul>\n<ul>\n<li>[00:54:35] Dev Shah from Haitong Securities asked about time it takes for a newly acquired customer to be an active client. Prakarsh Gagdani CEO answered that broadly it takes not more than 30-45 days for a customer to get active.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from 5paisa Capital Limited (5PAISA) Q3 FY23 Earnings Concall Management Update: [00:05:06] 5PAISA said that with the acquisition of IIFL Securities it will acquire about 1.5 million customers and will boost the company\u2019s overall client base by around 40%. Q&amp;A Highlights: [00:07:14] Rishikesh Oza of RoboCapital asked about the reason for avg. daily [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"5paisa Capital Limited Q3 FY23 Earnings Conference Call Insights #5PAISA #Q3 #FY23 #Earnings #Stocks","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,1],"tags":[10169,8265],"class_list":["post-138621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-finance-stocks","tag-earnings","tag-finance"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":128339,"url":"https:\/\/alphastreet.com\/india\/5paisa-capital-limited-5paisa-q3-fy22-earnings-concall\/","url_meta":{"origin":138621,"position":0},"title":"5paisa Capital Limited (5PAISA) Q3 FY22 Earnings Concall","author":"Sahil","date":"January 11, 2022","format":false,"excerpt":"5paisa Capital Limited (NSE:5PAISA) Q3 FY22 Earnings Concall dated Jan. 11, 2022","rel":"","context":"In &quot;Finance&quot;","block_context":{"text":"Finance","link":"https:\/\/alphastreet.com\/india\/category\/finance-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/5paisa-Capital-Limited-Q3-2022-Earnings-Call.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/5paisa-Capital-Limited-Q3-2022-Earnings-Call.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/5paisa-Capital-Limited-Q3-2022-Earnings-Call.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/5paisa-Capital-Limited-Q3-2022-Earnings-Call.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/5paisa-Capital-Limited-Q3-2022-Earnings-Call.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/5paisa-Capital-Limited-Q3-2022-Earnings-Call.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":149110,"url":"https:\/\/alphastreet.com\/india\/5paisa-capital-ltd-q1fy24-114-rise-in-profits\/","url_meta":{"origin":138621,"position":1},"title":"5Paisa Capital Ltd Q1FY24; 114% rise in Profits.","author":"Divyansh_Kasana","date":"July 13, 2023","format":false,"excerpt":"Company Description: 5 paisa capital was started in 2007. It is a fintech company having presence mainly in online discounted stock broking, depository services, research, distribution of financial products, and peer-to-peer lending. Its Promoter is Mr. Nirmal Jain who is also the promoter of IIFL Group. Financial Results: 5Paisa Capital\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-7.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-7.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-7.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-7.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-7.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-7.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":157437,"url":"https:\/\/alphastreet.com\/india\/5paisa-capital-ltd-q2fy24-73-rise-in-profits\/","url_meta":{"origin":138621,"position":2},"title":"5Paisa Capital Ltd Q2FY24; 73% rise in Profits","author":"Divyansh_Kasana","date":"December 19, 2023","format":false,"excerpt":"5 paisa capital was started in 2007. It is a fintech company having presence mainly in online discounted stock broking, depository services, research, distribution of financial products, and peer-to-peer lending.Its Promoter is Mr. Nirmal Jain who is also the promoter of IIFL Group. Financial Results: 5Paisa Capital Ltd reported Revenues\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/12\/image-142.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/12\/image-142.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/12\/image-142.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/12\/image-142.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/12\/image-142.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/12\/image-142.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":131077,"url":"https:\/\/alphastreet.com\/india\/infographic-5paisa-q1fy23-earnings-snapshot\/","url_meta":{"origin":138621,"position":3},"title":"Infographic: 5Paisa Q1FY23 Earnings snapshot","author":"Karan_Singh","date":"July 12, 2022","format":false,"excerpt":"Income has increased by 38% YoY to \u20b984.1 crores. Broking Income has increased by 37% as Other income improved by 61% YoY. Profit after Tax grew by 3% YoY to \u20b97.4 crores for Q1 FY 2023. EBITDA improved by 21% and Gross Margin which is Gross Margin = Total Revenue\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":126223,"url":"https:\/\/alphastreet.com\/india\/5paisa-capital-ltd-5paisa-q3-fy22-earnings-concall-transcript\/","url_meta":{"origin":138621,"position":4},"title":"5paisa Capital Ltd (5PAISA) Q3 FY22 Earnings Concall Transcript","author":"Sahil","date":"January 11, 2022","format":false,"excerpt":"5paisa Capital Limited (NSE: 5PAISA) Q3 FY22 Earnings Concall dated Jan. 11, 2022 Corporate Participants: Prakarsh Gagdani -- Whole Time Director and Chief Executive Officer Gourav Munjal -- Chief Financial Officer Analysts: Rishikesh Oza -- RoboCapital -- Analyst Bhuvnesh Garg -- Investec Capital -- Analyst Prayesh Jain -- Motilal Oswal\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"stock earnings conference call transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":138629,"url":"https:\/\/alphastreet.com\/india\/5paisa-capital-limited-5paisa-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":138621,"position":5},"title":"5paisa Capital Limited (5PAISA) Q3 FY23 Earnings Concall Transcript","author":"IRS Team","date":"January 12, 2023","format":false,"excerpt":"5paisa Capital Limited (NSE: 5PAISA) Q3 FY23 earnings concall dated Jan. 12, 2023 Corporate Participants: Prakarsh Gagdani\u00a0--\u00a0Whole-Time Director and Chief Executive Officer Gourav Munjal\u00a0--\u00a0Whole-Time Director and Chief Financial Officer Analysts: Rishikesh Oza\u00a0--\u00a0RoboCapital.in -- Analyst Manish Ostwal\u00a0--\u00a0Nirmal Bang -- Analyst Kajal Gandhi\u00a0--\u00a0ICICI Securities -- Analyst Deepak Sonawane\u00a0--\u00a0Haitong Securities -- Analyst Alok\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/138621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=138621"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/138621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=138621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=138621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=138621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}