5paisa capital Limited announced its Q3FY26 financial results for the quarter ended December 31, 2025, demonstrating strong sequential performance with notable improvements in profitability metrics. The company reported consolidated income of ₹79.30 crores and achieved profit after tax of ₹12.30 crores, reflecting robust operational efficiency during the quarter.

Quarterly Financial Performance

The company's Q3FY26 results showed significant quarter-on-quarter improvements across key financial metrics:

The quarter witnessed a 30% surge in profit after tax compared to the previous quarter, while operating expenses decreased by 3% quarter-on-quarter, contributing to improved profitability with margins reaching 15%.

Nine-Month Performance Overview

For the nine-month period ended December 31, 2025, the company's consolidated performance reflected market challenges:

Business Highlights and Customer Growth

The company continued its customer acquisition momentum during Q3FY26, adding 0.78 lakh new clients and reaching a total registered customer base of 50.80 lakh users. The 5paisa mobile application achieved significant traction with over 23.05 million installs and maintained a strong 4.2-star rating on the Google Play Store.

Key operational metrics demonstrated strong performance, with Average Daily Turnover (ADTO) growing 24% quarter-on-quarter, supported by improvement in the Margin Trading Facility (MTF) book and enhanced market conditions including all-time highs in Nifty and Sensex indices.

Management Commentary

Gaurav Seth, Managing Director & CEO, highlighted the quarter's performance: "Q3 FY26 was an excellent quarter for investors, with the Nifty and Sensex touching all-time highs, supported by strong DII participation and improvement in Exchange ADTO and industry MTF book. We also delivered strong growth in our ADTO, up 24% QoQ, along with improvement in our MTF book."

The management emphasized continued focus on quality customer acquisition, enhancing customer experience through product and technology improvements, and cost optimization initiatives that contributed to the strong quarterly results and margin expansion.

5paisa Capital Limited has delivered a robust financial performance in Q3FY26, marking a significant recovery with strong quarter-on-quarter growth across key metrics. The discount brokerage and fintech platform reported substantial improvements in profitability and operational efficiency during the quarter ended December 31, 2025.

Financial Performance Highlights

The company's financial results for Q3FY26 demonstrated strong momentum with profit after tax reaching ₹123 million, representing a 30% increase quarter-on-quarter from ₹95 million in Q2FY26. EBITDA grew 23% QoQ to ₹187 million, with EBITDA margin improving to 24% compared to 20% in the previous quarter.

Revenue Composition and Business Performance

Total income from operations reached ₹793 million in Q3FY26, up 3% from ₹773 million in Q2FY26. Brokerage income contributed ₹371 million, showing 7% quarter-on-quarter growth, while allied broking income remained stable at ₹198 million with 1% QoQ growth. Other operating income stood at ₹224 million, declining 2% from the previous quarter.

The company's nine-month performance for FY26 showed total income of ₹2,344 million compared to ₹2,885 million in 9MFY25, with PAT at ₹334 million versus ₹582 million in the corresponding period last year.

Product Innovation and Customer Experience

5paisa Capital continued enhancing its trading ecosystem with several new product launches and feature improvements. The company expanded its Pay Later offering to over 1,200 stocks with funding limits up to ₹3 crores and competitive interest rates starting from 0.026% per day.

The platform achieved significant milestones with over 23.05 million app installs and maintained a 4.2-star rating on app stores. Customer satisfaction improved to 94% in Q3FY26, reflecting the company's focus on service excellence.

Business Metrics and Market Position

The company's customer base exceeded 5 million registered users, with strong engagement metrics across its digital platforms. The margin trading facility (MTF) book showed healthy growth, supported by the expanded product offerings and improved onboarding processes.

5paisa Capital's net worth exceeded 70% of total client funds, ensuring strong financial stability and compliance with regulatory requirements. The company maintained its position as a qualified stockbroker under SEBI's framework while continuing to invest heavily in technology and product development.

Balance Sheet Strength

As of December 31, 2025, the company's total assets stood at ₹18,569 million compared to ₹16,666 million as of March 31, 2025. The loan book grew to ₹3,527 million from ₹2,248 million, reflecting increased MTF business. Total equity and reserves reached ₹6,391 million, up from ₹6,036 million at the end of FY25.

The strong Q3FY26 performance demonstrates 5paisa Capital's ability to navigate market challenges while continuing to invest in product innovation and customer experience improvements. The company's focus on technology-driven solutions and comprehensive financial services positions it well for sustained growth in the evolving fintech landscape.