5paisa Capital Ltd. · NSE:5PAISA
5paisa Capital — Q3 FY26 Earnings Presentation
31 slides from 5paisa Capital's earnings presentation, Jan 13, 2026
Slide 1: Exchange filing cover letter for investor presentation
January 13, 2026 To, To, The Manager, The Manager, Listing Department, Listing Department, BSE Limited, The National Stock Exchange of India Limited, 1st Floor, Phiroze Jeejeebhoy Tower, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai – 400 001. Mumbai – 400 0
Slide 2: Investor Presentation Quarter ended December 31st, 2025
5paisa Investor Presentation Quarter ended December 31st, 2025
Slide 3: Table of Contents
5paisa Table of Contents 01 Fintech Business Model 02 Industry 03 Product & Business & Q3FY26 Highlights Outlook Updates • Our Journey so Far • Consistent Surge in • Investing & Trading Experience • Scalable Fintech Business Participation - New Features Launched Model • Ownership for DIIs & Retail •
Slide 4: Fintech Business Model & Q3FY26 Highlights
5paisa Fintech Business Model & Q3FY26 Highlights
Slide 5: Our Journey so Far
5paisa OUR JOURNEY SO FAR Foundation Profitable Growth Scale-Up • Demerger of 5paisa from • Crossed 10 lakh customer • ADTO reached all time high IIFL Holdings and base ₹3.8 Tn+ subsequent listing • Achieved positive unit • Clocked highest ever • 5paisa started its economics Revenue₹ 394 Cr operatio
Slide 6: Scalable Fintech Business Model
5paisa SCALABLE FINTECH BUSINESS MODEL Vision: To be the first-choice platform for traders and investors Elevated Investing & Branding & Client Corporate Growth Trading Experience Engagement Governance Focused • All in one Investment Platform • Distinctive value proposition • Seasoned leadership wit
Slide 7: Scalable Fintech Business Model
5paisa SCALABLE FINTECH BUSINESS MODEL Product Ecosystem Technology Stack Cyber Security Digital Services Trading Platforms Infrastructure Security • Instant demat & trading account setup • Lightweight, fast & responsive apps • Next-gen firewall, IDS/IPS & VPN • Fund transfer via UPI, net banking &
Slide 8: Our Core Offerings
5paisa OUR CORE OFFERINGS Investment Product Suite Trading Product Suite Key Offerings Key Offerings Multi Platform Experience Multi Asset Platform Dedicated FnO Platform Advanced Orders Seamless trading designed across One-stop access to equities, F&O, Built for Traders; Powered by Speed, VTT, Orde
Slide 9: Key Highlights of Q3FY26 vs Q2FY26
5paisa KEY HIGHLIGHTS OF Q3FY26 VS Q2FY26 CUSTOMER FINANCIALS BUSINESS Customer Base Revenue Average Daily Turnover (ADTO) - Notional 50.8 lakh ₹ 793 Mn ₹ 3.31 Tn +2% QoQ ↑ +3% QoQ ↑ +24% QoQ ↑ Customer Acquisition Broking Income Mutual Fund AUM 78K ₹ 371 Mn ₹ 1,868 Cr -18% QoQ ↓ +7% QoQ ↑ +13% QoQ
Slide 10: Industry Outlook
5paisa Industry Outlook
Slide 11: Consistent Surge in Participation - Industry Trend
5paisa CONSISTENT SURGE IN PARTICIPATION- INDUSTRY TREND Demat Accounts Base (in Mn) Derivative ADTO - Notional (in ₹ Tr) Active Clients1 (in Mn) 216 429 421 49.2 192 44.8 360 40.8 151 35.3 31.9 114 90 154 18.9 55 68 26 FY21 FY22 FY23 FY24 FY25 9MFY26 FY21 FY22 FY23 FY24 FY25 9MFY26 FY21 FY22 FY23 F
Slide 12: Ownership for DIIs & Retail on the Rise
5paisa OWNERSHIP FOR DIIS & RETAIL ON THE RISE Ownership trend in NSE listed universe (in %) Market cap (₹ lakh crore) 112 203 261 254 382 436 6.4 8.4 7.2 9.0 8.2 9.7 6.8 9.4 6.7 9.5 6.7 9.8 • Individual investors’ direct holding in 13.4 12.3 12.2 14.8 14.5 14.8 NSE listed companies grew from 8.4% t
Slide 13: Impact of Regulatory Changes on Industry
5paisa IMPACT OF REGULATORY CHANGES ON INDUSTRY Transaction Income Elimination Weekly 537 519 Expiry Turnover and Index 532 483 485 497 497 501 Limitation Improvement 28,000 481 472 450 460 445 453 467 415 412 26,000 Lot Size 358 352 364 Revision 24,000 307 314 381 259 368 348 346 242 242 252 352 22
Slide 14: Product & Business Updates
5paisa Product & Business Updates
Slide 15: Investing & Trading Experience - New Features Launched
5paisa INVESTING & TRADING EXPERIENCE - NEW FEATURES LAUNCHED Position Grouping by Underlying Simplified positions tracking by automatically grouping 1 & Expiry positions based on underlying asset and contract expiry. Enabled visibility of open positions directly on the option 2 Positions on Option
Slide 16: Enhanced Trading Eco-system
ENHANCED TRADING ECO-SYSTEM Scalper Pay Later (MTF) Strategy Analyzer & Alpha Scan • Built for high-frequency • Revamped MTF Boost trading decisions traders Journey with 1200+ with Strategy Analyzer & Ultra-Fast Order approved securities • Alpha Scan on FnO360 Execution • Client Funding limit • Payo
Slide 17: Redefining & Transforming Customer Service
5paisa REDEFINING & TRANSFORMING CUSTOMER SERVICE 1 Playstore and Appstore Review App Rating CSAT • Play Store & App Store ratings have remained stable at 4.2 star 4.2 94% 2 CSAT (Customer Satisfaction Score) • CSAT improved to an overall score of 94% in Q3FY26 • Strong focus on exceptional service
Slide 18: Business Metrics
5paisa BUSINESS METRICS Client Acquisition (In Lakhs) DIY (in %age)1 93.1% 89.2% 1.62 1.11 0.95 86.0% 86.2% 85.6% 0.91 0.80 0.78 84.6% Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Total Client Acquisition: 0.78 lakh for Q3FY26 (Down 18% Q-o-Q) DIY Acquisition:
Slide 19: Financial Information
5paisa Financial Information
Slide 20: Consolidated Financial Performance
5paisa CONSOLIDATED FINANCIAL PERFORMANCE Gross Revenue & Revenue Mix EBDTA (In ₹ Mn) & EBDTA Margin (%) Profit after Tax (In ₹ Mn) Revenue (in ₹ Mn) EBTDA (in ₹ Mn) EBTDA Margin % PAT (in ₹ Mn) QoQ growth % 853 714 778 773 793 29% 162 23% 23% 24% 29% 30% 28% 123 31% 31% 20% 115 101 95 19% 21% 23% 2
Slide 21: Net-worth & Margins
5paisa NET-WORTH & MARGINS Net-worth (In ₹ Cr) Return on Net Worth 626 639 604 616 15.5% 576 593 11.0% 7.6% 7.8% 6.7% 6.1% Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Cost to Income Ratio Net Profit Margins 83% 81% 22% 80% 79% 19% 75% 14% 15% 15% 71% 12% Q2FY2
Slide 22: MTF Spread over Wide Customer Base
5paisa MTF SPREAD OVER WIDE CUSTOMER BASE Avg MTF Book Size (in ₹ Mn) MTF Book Segmentation 3,359 3,258 (% age of client using the facility) 2,753 Less than 1L 1L to 5L More Than 5L 7.8% 8.8% 8.9% 12.7% 13.3% 13.6% Q1FY26 Q2FY26 Q3FY26 Per Client Exposure (In ₹) 2,28,728 79.5% 77.9% 77.6% 2,20,089 2
Slide 23: Consolidated P&L – Q3FY26
5paisa CONSOLIDATED P&L – Q3FY26 Quarter Ended Quarterly Variances INR Million Q3FY26 Q2FY26 Q3FY25 Q-o-Q Y-o-Y A. Income From Operations Brokerage Income 371 348 439 7% -15% Allied Broking Income 198 196 166 1% 19% Other Operating Income 224 230 248 -2% -10% Total Income from operations (A) 793 773
Slide 24: Consolidated P&L – 9MFY26
5paisa CONSOLIDATED P&L – 9MFY26 Nine Months Nine Months Ended Year Ended INR Million Variances 9MFY26 9MFY25 FY25 Y-o-Y A. Income From Operations Brokerage Income 1,074 1,374 1,714 -22% Allied Broking Income 575 734 886 -22% Other Operating Income 695 777 998 -11% Total Income from operations (A) 2
Slide 25: Consolidated Balance Sheet as at 31st Dec 2025
5paisa CONSOLIDATED BALANCE SHEET AS AT 31st DEC 2025 As at As at Particulars (₹ in Mn) December 31, 2025 March 31, 2025 Assets Financial assets Cash and cash equivalents 95 203 Bank balance other than above 13,539 13,163 Receivables 0 1 Loans 3,527 2,248 Investments 22 21 Other financial assets 1,0
Slide 26: About Us
5paisa About Us
Slide 27: Environmental, Social & Governance (ESG)
5paisa ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) Corporate Human Environmental Information and Governance Capital Footprint Cyber Security • Smooth whistle blower policy • Adopt all employee's welfare • 100% digital onboarding • Defense in Depth Security adopted schemes (Gratuity, PF, Medical process
Slide 28: Events & Employee Engagements
5paisa EVENTS & EMPLOYEE ENGAGEMENTS Client Awareness Events Employee Engagements Options & Algo Conventions: A curated knowledge-driven event People-First Culture: Fostered a healthy, engaging, and inspiring series tailored for equity and derivative traders, enabling structured workplace through to
Slide 29: Board of Directors & Core Management Team
5paisa BOARD OF DIRECTORS & CORE MANAGEMENT TEAM Independent Directors Proven Market Leadership Dr. Archana Hingorani Ms. Nirali Sanghi Mr. Milin Mehta Dr. Sarat Kumar Malik Chairperson & Independent Independent Independent Independent Director Director Director Director Trusted brand with proven tr
Slide 30: Disclaimer
5paisa Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by 5paisa Capital Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 31: Thank You
5paisa Thank You