5Paisa Capital Q2 FY24 results: profit rise by 77.2% YOY
5Paisa Capital Q2 FY24 results: Revenue increased by 21.82% YoY & profit increased by 77.2% YoY
5Paisa Capital, a leading financial services company, announced their Q2 FY24 results on 18 Oct, 2023. The company reported a significant increase in both revenue and profit compared to the same period last year. The topline increased by 21.82% year-over-year (YoY), while the profit rose by an impressive 77.2% YoY.
In comparison to the previous quarter, 5Paisa Capital witnessed a growth of 14.62% in revenue and a 31.02% increase in profit. These results indicate a strong performance and a positive trend for the company.
One of the contributing factors to the company's success is the rise in Selling, General, and Administrative (SG&A) expenses. The expenses increased by 12.55% quarter-over-quarter (QoQ) and 38.67% YoY. This suggests that the company is investing in its operations and growth strategies.
Additionally, the operating income of 5Paisa Capital saw a significant improvement, with a 34.43% increase QoQ and a remarkable 74.49% rise YoY. This indicates efficient management of costs and an effective business model.
The earnings per share (EPS) for Q2 FY24 stood at ₹6.12, reflecting an impressive growth of 81.07% YoY. This indicates that the company's profitability has been increasing at a rapid pace.
In terms of market performance, 5Paisa Capital has delivered impressive returns. The company recorded a 8.34% return in the last 1 week, 58.88% return in the last 6 months, and a strong 53.36% year-to-date (YTD) return. These returns showcase the company's ability to generate value for its shareholders.
Currently, 5Paisa Capital has a market capitalization of ₹1449.28 Cr and a 52-week high/low of ₹495.25 and ₹270.1 respectively. These figures indicate the market's confidence in the company and its potential for growth.
5Paisa Capital Financials
| Period | Q2 FY24 | Q1 FY24 | Q-o-Q Growth | Q2 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 96.9 | 84.55 | +14.62% | 79.55 | +21.82% |
| Selling/ General/ Admin Expenses Total | 20.24 | 17.98 | +12.55% | 14.6 | +38.67% |
| Depreciation/ Amortization | 2.24 | 2.31 | -2.89% | 2.08 | +7.42% |
| Total Operating Expense | 65.61 | 61.27 | +7.09% | 61.61 | +6.49% |
| Operating Income | 31.29 | 23.28 | +34.43% | 17.93 | +74.49% |
| Net Income Before Taxes | 24.87 | 19.47 | +27.74% | 14.07 | +76.72% |
| Net Income | 19.04 | 14.54 | +31.02% | 10.75 | +77.2% |
| Diluted Normalized EPS | 6.12 | 4.69 | +30.49% | 3.38 | +81.07% |
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First Published:21 Oct 2023, 02:50 AM IST
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