5Paisa Capital LimitedQ2 FY27 Results & Financial Update
5Paisa Capital Limited: Q2 FY27 consolidated results and company financials – revenue ₹86.42 Cr, PAT ₹7.06 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Find an answer
Ask this result
Chart · Market context
5Paisa Capital price & chart
Market priceLoading…
1Y return—Price return
Loading market chart…
TradingView Lightweight Charts™ · Copyright © 2025 TradingView, Inc.TradingView
Market chartPrice chart temporarily unavailableThe price chart could not be loaded right now. The reported financial results remain available above.
Spotted a factual error?Tell us the number, date or statement and we will re-check the underlying records and calculations.Report an error
Quarterly Results AnalysisExplore 5Paisa Capital Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
5Paisa Capital reported consolidated total income from operations of ₹86.46 crore for the quarter ended September 30, 2026 (Q2 FY27), representing a slight sequential moderation of 2.16% compared to ₹88.38 crore in Q1 FY27.
Profit after tax (PAT) for Q2 FY27 stood at ₹7.06 crore, reflecting a sequential decline of 38.98% compared to ₹11.57 crore in the preceding quarter, driven by higher operating expenses and softer trading volumes across the industry.
Total expenses for the quarter rose to ₹77.00 crore from ₹72.93 crore in Q1 FY27, impacted by elevated other expenses of ₹42.59 crore and finance costs of ₹9.45 crore, while employee benefit expenses remained flat at ₹22.05 crore.
During the quarter, the company capitalized ₹5.88 crore of employee benefit expenses and ₹0.39 crore of other expenses towards internally developed software and other intangible assets, primarily related to new app development.
Active customer acquisition continued with 81,600 new clients added during Q2 FY27, taking the total customer base to 53.4 lakh, while total app users reached 2.41 crore.
Average Daily Turnover (ADTO) across the industry and company platform faced headwinds, with 5Paisa's total ADTO decreasing by 15% sequentially to ₹2.59 trillion for Q2 FY27 following regulatory changes such as CAS implementation and weekly expiry limitations.
The average client funding book (MTF) expanded significantly to ₹481.1 crore (₹4,811 million) in Q2 FY27, representing a 19% sequential increase over Q1 FY27, demonstrating deeper credit utilization among retail clients.
01 · Business model
What does 5Paisa Capital do?
5Paisa Capital Limited operates as a full-stack digital financial services and wealth management platform in India, providing online broking, mutual fund distribution, margin trade funding (MTF), and allied financial services.
The company serves a growing retail customer base via its digital-first applications, websites, API gateways, and dedicated trading platforms designed for active equities, derivatives, and commodity participants.
Its monetization model relies on brokerage fees, allied broking income, interest income from client funding books, and other operating activities across self-directed (DIY) retail investors and active traders.
02 · Historical context
What shaped the business before this quarter
Reached 1 lakh customers and raised ₹101 crore through a rights issue.
Crossed a 10 lakh customer base and achieved positive unit economics.
Crossed 5 million+ customers and enhanced the product suite with Pay Later, Scalper, MCP, and ETF revamps.
Raised ₹469 crore through a rights issue, launched a newly rebuilt trading app with AI-powered features, and acquired Trendlyne for advanced research analytics.
03 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹86.42 Cr | ₹88.33 Cr |
| Total income | ₹86.46 Cr | ₹88.38 Cr |
| Profit before tax | ₹9.46 Cr | ₹15.45 Cr |
| Profit after tax | ₹7.06 Cr | ₹11.57 Cr |
| EPS | ₹1.55 | ₹2.60 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Brokerage income for Q2 FY27 stood at ₹34.91 crore (₹349.08 million), down 11% sequentially from ₹39.40 crore in Q1 FY27, reflecting lower trading volumes and total order execution.
Allied broking income grew 13% sequentially to ₹24.38 crore (₹243.75 million) in Q2 FY27 from ₹21.63 crore in Q1 FY27, supported by growth in the margin trade funding book and allied financial services.
Other operating income remained stable at ₹27.18 crore (₹271.79 million) for Q2 FY27 compared to ₹274.16 million in Q1 FY27.
What drove margins
Total expenses increased to ₹77.00 crore in Q2 FY27. Employee benefit expenses were ₹22.05 crore after capitalizing ₹5.88 crore towards software and intangible assets for new app development.
Finance costs increased 12% sequentially to ₹9.45 crore (₹94.50 million) in Q2 FY27 compared to ₹8.45 crore in Q1 FY27, reflecting higher funding requirements for the expanding MTF book.
Depreciation, amortization, and impairment rose 32% sequentially to ₹2.91 crore (₹29.08 million) in Q2 FY27 from ₹2.21 crore in Q1 FY27 due to increased capitalization of technology assets.
05 · Demand, customers & order book
Where demand is coming from
The total customer base reached 53.4 lakh (up 2% QoQ) with 81,600 new client additions during Q2 FY27, 95.4% of which were onboarded via the DIY digital platform.
Total orders declined 17% sequentially to 20.9 million in Q2 FY27, while Average Daily Turnover (ADTO) dropped 15% QoQ to ₹2.59 trillion.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
In Q2 FY27, broking revenue accounted for 40% of total revenue, allied income contributed 28%, and other income made up 32%, showing a higher proportion of allied and other income compared to previous quarters.
07 · Strategy & new businesses
How the company is trying to change its growth mix
The company deployed a newly rebuilt app focused on speed, low latency, AI-native research, flash trade (1-tap orders), and advanced option strategy builders.
Acquisition of Trendlyne was integrated to offer AI-powered research, curated stock baskets, F&O insights, portfolio analytics, and smart recommendations.
08 · Reported developments
What changed operationally
Average MTF book size expanded to ₹4,811 million in Q2 FY27 from ₹4,053 million in Q1 FY27, with per-client exposure rising to ₹301,268.
Successfully raised ₹469 crore through a rights issue to strengthen net-worth and fund next-growth phase investments.
09 · Pressure points & risks
What is not going smoothly
Regulatory changes such as CAS implementation, weekly expiry limitations, and transaction income revisions contributed to a sequential contraction in industry derivative ADTO and total order volumes.
10 · Items worth noticing
The line items that can distort a quick read
In Q2 FY27, ₹58.8 million of employee benefit expenses and ₹3.9 million of other expenses were capitalized towards internally developed software and intangible assets for app development.
11 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
As of September 30, 2026, debt securities stood at ₹1,083.41 million and other borrowings stood at ₹2,137.30 million, reflecting capital structure adjustments following the ₹469 crore rights issue.
12 · Beyond the numbers
What changed beyond the numbers
Reported update
Brand Awareness & Events
Participated in Global Fintech Fest (GFF) and MoneyExpo to showcase platform capabilities and strengthen institutional and retail brand visibility.
13 · Previous-quarter changes
What changed since the previous quarter
Compared to Q1 FY27, Q2 FY27 total income moderated by 2% and PAT declined by 39% due to softer brokerage volumes and higher technology amortization expenses.
14 · Key Q&A
The quarter, answered directly
What does 5Paisa Capital do?
5Paisa Capital Limited operates as a full-stack digital financial services and wealth management platform in India, providing online broking, mutual fund distribution, margin trade funding (MTF), and allied financial services.
What is the clearest takeaway from Q2 FY27?
5Paisa Capital reported consolidated total income from operations of ₹86.46 crore for the quarter ended September 30, 2026 (Q2 FY27), representing a slight sequential moderation of 2.16% compared to ₹88.38 crore in Q1 FY27.
What drove revenue or demand?
Brokerage income for Q2 FY27 stood at ₹34.91 crore (₹349.08 million), down 11% sequentially from ₹39.40 crore in Q1 FY27, reflecting lower trading volumes and total order execution.
What mattered most for margins or profitability?
Total expenses increased to ₹77.00 crore in Q2 FY27. Employee benefit expenses were ₹22.05 crore after capitalizing ₹5.88 crore towards software and intangible assets for new app development.
What changed operationally beyond the headline numbers?
The company deployed a newly rebuilt app focused on speed, low latency, AI-native research, flash trade (1-tap orders), and advanced option strategy builders.
What are the main pressure points disclosed for the quarter?
Regulatory changes such as CAS implementation, weekly expiry limitations, and transaction income revisions contributed to a sequential contraction in industry derivative ADTO and total order volumes.
15 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
16 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
App Adoption & MTF Scaling: Monitor the user adoption rates of the newly launched AI-native trading application and the continued monetization of the expanding MTF book.
- 02
Regulatory Impact on Derivatives: Track the ongoing impact of regulatory modifications like CAS implementation and weekly expiry rules on industry-wide ADTO and broking income.
Learn the metrics
Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.