5paisa Capital announces financial results for Q2FY19
Deepthi | Myequity news | Date : 17-10-2018 21:00:00 IST
5paisa Capital Limited announced its unaudited financial results for the quarter and half year ended September 30, 2018. Its total income stood at 1,274 Lakhs for the quarter, up by 41% q-o-q, and 2,180 Lakhs for the half year. About 5paisa Capital:
Mr. Prakarsh Gagdani, Whole-Time Director and CEO, 5paisa Capital Ltd., commented on the financial results: “We saw a strong quarter with a 41% growth in revenues, despite continuing global and domestic economic challenges, stemming from a higher growth in client acquisitions. We achieved an overall market share of 1% in terms of daily total turnover in the quarter and our digitisation drive remains robust.”
5paisa Capital Limited is engaged in providing financial products through its online technology platform and mobile applications. It is registered with SEBI as a stock broker, depository participant and research analyst, and with AMFI as a mutual fund distributor. Its services are targeted at retail investors and high volume traders who actively invest and trade in securities markets and seek DIY (Do-it-Yourself) services at a low cost. The Company provides an online technology platform to clients through internet terminals and mobile applications for trading in securities in NSE and BSE; advisory services through the research undertaken by a team of fundamental and technical research analysts; and depository related services as part of its integrated services offering.