14 C
Sunday, January 17, 2021
Home Market 5Paisa Capital Q3 results: Posts net profit of Rs 3 cr

5Paisa Capital Q3 results: Posts net profit of Rs 3 cr

5Paisa Capital on Wednesday reported a net profit of Rs 3.06 crore within the third quarter ended December 31.

In comparability, the corporate had posted a net loss of Rs 2.18 crore within the year-ago interval, 5paisa Capital stated in an announcement.

Total earnings rose to 85 per cent to Rs 49.61 crore for the quarter underneath evaluate from Rs 26.88 crore in three months ended December 31, 2019.

The firm has on-board greater than 1.9 lakh, new purchasers, through the quarter, taking the whole quantity of registered clients to 11.45 lakh.

“In the recent past, we have seen a number of new and existing players foraying the discount broking space. We have re-oriented our strategy, focusing on solutions for the customer rather than product vending. The customer looks for solutions backed by research and support to generate superior returns for his or her risk appetite,” 5paisa Capital CEO Prakarsh Gagdani stated.

According to him, the regulatory modifications of upfront margin reporting impacted buying and selling within the month of October and normalcy returned within the later months of the quarter.

The firm’s market share within the money section was 5.61 per cent through the quarter, up from 5.01 per cent.

Source link


Please enter your comment!
Please enter your name here

Most Popular

Tweet Buster: What Zerodha’s survey on Tesla found; plus, Nilesh Shah’s path to nirvana from PE

NEW DELHI: The week gone by had two good news: Fantastic numbers from IT majors and the beginning of the vaccination drive in India....

Ind vs Aus, 4th test: India fight back through Washington and Thakur; Warner guide hosts to 20/0 at stumps

First, they turned unlikely saviours after three mushy dismissals pushed India on the back foot, and within the ultimate session, the 2 opened...

Recent Comments