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Entry Price

380.00

Target

385.00

Recommend Date

21-07-2020

Return

1.32 %
BUY

Date : 21-07-2020

5Paisa reported a healthy performance on all fronts. Revenue grew a strong 85% YoY, 20% QoQ to | 42 crore in Q1FY21, largely led by improving ADTO, increasing client base. Robust on-boarding of clients took total customer count to ~7 lakh in Q1FY21 (~5.4 lakh in Q4FY20 and 4.2 lakh customers in Q3FY20). ADTO increased YoY to | 28500 crore though decline in derivatives volume led to marginal decline in overall ADTO QoQ. Healthy growth in margin funding kept traction in interest income steady. Steady opex led operating leverage kicked in leading the company to report profit for the first time at | 3 crore vs. a loss of | 1.8 crore in Q4FY20. Increasing