5C5paisa Capital540776Earnings call transcript

Q2 FY27 earnings call: quarter revenue, net profit, new app and Trendlyne plans discussed

Transcript of the Q2 FY27 earnings call held on 16.10.2026.

By ScoutQuest · Fri 23 Oct 2026, 2:34 PM IST · 2 min read

Q2 Revenue

INR 865 million (INR 86.5 crores)

Net Profit

INR 7.1 crore

Net Worth

INR 11,360 million (INR 1,136 crores) after the rights issue

Quarter at a glance

• Revenue for the quarter was INR 865 million, or INR 86.5 crores.
• For the first half, revenue grew 13% to about INR 1,750 million.
• Allied broking income grew 25% year on year and other operating income grew 18%.
• Net profit was INR 7.1 crore, lower than Q1. Management said this was because the company chose to keep investing in technology, product and brands while trading activity was slower across the board.

Emojis are stripped on publishing; the sub-headings sit on their own lines.

Customers and platform

• Company serves 53.4 lakh customers and added close to 81,600 new customers during the quarter.
• More than 24 million app users.
• More than 95% of customers who joined this quarter opened accounts entirely on their own.

Balance sheet and client funding

• Net worth is now INR 11,360 million, or INR 1,136 crores, against INR 650 crores at the end of March 2026, which management linked to the rights issue.
• Average funding book is around INR 480 crores, described as spread across a large number of clients rather than concentrated in a few.
• Mutual fund assets on the platform are at INR 2,095 crores.

Market backdrop as described on the call

• Average daily turnover was INR 2.59 trillion.
• Derivatives volume dropped after the cash rollout, and active NSE clients stayed at about 46 million overall.
• Management said India added roughly 16 million demat accounts in the first half.

Product and technology

• A rebuilt 5paisa trading and investing app with new back-end APIs and new OMS and RMS systems.
• Withdrawals up to INR 2 lakh per customer account are described as almost instant; collateral from shares, mutual funds and ETFs is managed in one place.
• AlgoSpace, an algo trading platform, lets traders run readymade automated strategies across cash, futures and options.
• The company capitalised about INR 62 million of costs on this build during the quarter.

What management said about the future

• It expects to pay off the capitalised build cost over the next several years.
• Something related to IPO is planned to be launched in the near future.
• On Trendlyne, the Board approved the acquisition at the end of July, but the formal acquisition still needs to close; only after that will a decision be taken on whether to fully merge it or run it as a fully owned subsidiary. The stated plan is to bring Trendlyne's features, such as baskets, screeners and its AI stack, onto the 5paisa platform.
• On AI tools, management said it is too early to say whether they drive higher engagement or retention.

How a reader can look at it

The call mixes softer near-term numbers with spending on products and a stronger balance sheet after the rights issue. Profit for the quarter was lower than the previous quarter.

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