Sign in to fuzzto save your conversations, follow your research and come back anytime.
5Paisa Capital
SectorFinancial Services
The Quarter story
The two most recent quarterly results, compared side-by-side.
Client base and margin lending keep growing, but trading activity and profits are under pressure.
MTF book grew from ₹3,359 Cr in Q3 FY26 to ₹4,811 Cr in Q2 FY27 — margin lending is expanding
Brokerage revenue fell from ₹419 Cr in Q4 FY26 to ₹349.08 Cr in Q2 FY27 — core trading income is softening
Mutual fund AUM grew from ₹1,647 Cr in Q2 FY26 to ₹2,095 Cr in Q2 FY27 — wealth products are growing
Total orders fell from 26.3 Mn in Q4 FY26 to 20.9 Mn in Q2 FY27 — trading activity is slowing
App users grew from 22.7 Mn to 24.1 Mn and customer base from 50.1 lakh to 53.4 lakh from Q2 FY26 to Q2 FY27 — wider base to sell more services
EBDTA margin fell from 24% in Q3 FY26 to 14% in Q2 FY27, and PAT fell from ₹123 Cr to ₹70.62 Cr — profitability is under pressure
Allied broking revenue rose from ₹196 Cr in Q2 FY26 to ₹243.75 Cr in Q2 FY27 — non-brokerage income is growing
Total expenses rose from ₹628 Cr in Q3 FY26 to ₹770 Cr in Q2 FY27 — costs are rising faster than revenue
Equity base expanded from ₹6,263 Cr in Q2 FY26 to ₹11,362.23 Cr in Q2 FY27 — rights issue strengthened the balance sheet
