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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.

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