5paisa Capital Ltd. · NSE:5PAISA
5paisa Capital — Q2 FY26 Earnings Presentation
30 slides from 5paisa Capital's earnings presentation, Oct 9, 2025
Slide 1: Exchange filing cover letter for investor presentation
October 09, 2025 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 September 30th, 2025
Investor Presentation Quarter ended September 30th, 2025
Slide 3: Table of Contents
Table of Contents Fintech Business Model & Q2FY26 Highlights Industry Outlook Product & Business Updates Financial Information About Us
Slide 4: Our Journey so Far
Our Journey so Far • Product Market Fit: • Reached 10 Mn+ App • Crossed Customer Base of 5 Reached 1 lakh customers Users Mn+ • Investor Confidence: $13M • App Rating: 4.3 Star • Strengthened product offerings (₹101 Cr) Capital raised • $33M (₹250 Cr) with new launches (Pay Later, through Rights Iss
Slide 5: Scalable Fintech Business Model
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 with deep
Slide 6: Scalable Fintech Business Model
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 & more •
Slide 7: Our Core Offerings
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, Order Slici
Slide 8: Key Highlights of Q2FY26 vs Q1FY26
Key Highlights of Q2FY26 vs Q1FY26 Customer Financials Business Customer Base Revenue Average Daily Turnover (ADTO) - Notional 50.1 lakh +2% QoQ ↑ ₹ 773 Mn -1% QoQ ↓ ₹ 2.68 Tn +18% QoQ ↑ Customer Acquisition Broking Income Mutual Fund AUM 0.95 lakh +20% QoQ ↑ ₹ 348 Mn -2% QoQ ↓ ₹ 1,647 Cr +5% QoQ ↑
Slide 9: Table of Contents
Table of Contents Fintech Business Model & Q2FY26 Highlights Industry Outlook Product & Business Updates Financial Information About Us
Slide 10: Consistent Surge in Participation - Industry Trend
3.1 Consistent Surge in Participation- Industry Trend Demat Accounts Base (in Mn) Derivative ADTO - Notional (in ₹ Tr) Active Clients1 (in Mn) 207 429 49.2 192 46.2 384 360 40.8 151 35.3 31.9 114 90 154 18.9 55 68 26 FY21 FY22 FY23 FY24 FY25 H1FY26 FY21 FY22 FY23 FY24 FY25 H1FY26 FY21 FY22 FY23 FY24
Slide 11: Ownership for DIIs & Retail on the Rise
Ownership for DIIs & Retail on the Rise Ownership trend in NSE listed universe (in %) Market cap (₹ lakh crore) 112 203 261 254 382 409 457 • Individual investors’ direct holding in NSE 6.5 7.2 6.8 6.7 6.9 7.0 8.4 9.0 8.2 9.7 9.4 9.5 9.5 9.6 listed companies have increased from 8.4% 13.4 12.3 12.2 1
Slide 12: Impact of Regulatory Changes on ADTO
Impact of Regulatory Changes on ADTO Transaction Weekly Income Expiry Elimination Limitation 537 519 28,000 497 497 501 483 485 460 453 467 450 445 415 26,000 Lot Size Nifty 358 364 Revision Correction 352 346 412 24,000 314 381 307 368 295 352 348 252 259 22,000 242 298 288 20,000 18,000 16,000 Exc
Slide 13: Table of Contents
Table of Contents Fintech Business Model & Q2FY26 Highlights Industry Outlook Product & Business Updates Financial Information About Us
Slide 14: Investing & Trading Experience - New Features Launched
Investing & Trading Experience - New Features Launched Empowering scalpers & high-frequency traders to 1 Scalper Platform - Web capitalize on micro price movements, ultra-fast execution, intuitive controls & one-tap trading Upgraded features in digital onboarding include PAN 2 Upgrade Digital Onboar
Slide 15: Enhanced Trading Eco-system
Enhanced Trading Eco-system Scalper Xstream AI • Built for high-frequency A professional assistant for traders FnO 360 traders & developers • Ultra-Fast Order Execution • Keyboard Shortcut Trading • Plug & play for Developers • Instant Order Placement • Understand APIs • 3-in-1 Charts • Debug integr
Slide 16: Redefining & Transforming Customer Service
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% • Successfully migrated from Android Native to Flutter which will improve efficiency and speed 2 CSAT (Customer Satisfaction Score) • C
Slide 17: Business Metrics
Business Metrics Client Acquisition (In Lakhs) DIY (in %age)1 2.34 89.5% 89.2% 1.62 86.0% 86.2% 85.6% 84.6% 1.11 0.95 0.91 0.80 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Total Client Acquisition: 0.95 lakh for Q2FY26 (Up 20% Q-o-Q) DIY Acquisition: 89.2% for
Slide 18: Table of Contents
Table of Contents Fintech Business Model & Q2FY26 Highlights Industry Outlook Product & Business Updates Financial Information About Us
Slide 19: Consolidated Financial Performance
Consolidated Financial Performance Gross Revenue & Revenue Mix EBDTA (In Mn) & EBDTA Margin (%) Profit after Tax (In ₹ Mn) EBTDA (in ₹ Mn) EBTDA Margin % PAT (in ₹ Mn) QoQ growth % Revenue (in ₹ Mn) 32% 1,008 853 714 778 773 29% 219 26% 23% 23% 26% 29% 31% 31% 30% 20% 162 38% 15% 18% 27% 19% 115 21%
Slide 20: Net worth & Margins
Net worth & Margins Net-worth (In ₹ Cr) Return on Net Worth 616 626 15.5% 593 604 14.7% 576 553 11.0% 6.7% 7.6% 6.1% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Cost to Income ratio Net Profit Margins 83% 22% 81% 80% 20% 19% 74% 75% 14% 15% 71% 12% Q1FY25 Q2FY
Slide 21: Client Funding Book Spread Over Wide Customer Base
Client Funding Book Spread Over Wide Customer Base Avg Client Funding Book Size (in ₹ Mn) Client Funding Book Segmentation 3,643 (% age of client using the facility) 3,122 Less than 50K 50K to 1Lac More than 1Lac 2,597 1.6% 1.9% 2.1% 0.5% 0.6% 0.7% Q4FY25 Q1FY26 Q2FY26 Low Per Client Exposure(In ₹)
Slide 22: Consolidated P&L – Q2FY26
Consolidated P&L – Q2FY26 Quarter Ended Quarterly Variances INR Million Q2FY26 Q1FY26 Q2FY25 Q-o-Q Y-o-Y A. Income From Operations Brokerage Income 348 356 475 -2% -27% Allied Broking Income 196 180 270 9% -28% Other Operating Income 230 242 263 -5% -13% Total Income from operations (A) 773 778 1,00
Slide 23: Consolidated P&L – H1FY26
Consolidated P&L – H1FY26 Half Yearly Half Year Ended Year Ended INR Million Variances H1FY26 H1FY25 FY25 Y-o-Y A. Income From Operations Brokerage Income 704 935 1,714 -25% Allied Broking Income 376 567 886 -34% Other Operating Income 472 529 998 -11% Total Income from operations (A) 1,551 2,031 3,
Slide 24: Consolidated Balance Sheet as at 30th Sep 25
Consolidated Balance Sheet as at 30th Sep 25 As at As at Particulars (₹ in Mn) September 30, 2025 March 31, 2025 Assets Financial assets Cash and cash equivalents 126 203 Bank balance other than above 12,693 13,163 Receivables 8 1 Loans 3,436 2,248 Investments 21 21 Other financial assets 829 656 Su
Slide 25: Table of Contents
Table of Contents Fintech Business Model & Q2FY26 Highlights Industry Outlook Product & Business Updates Financial Information About Us
Slide 26: Environmental, Social & Governance (ESG)
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 process • Defense in Depth Security adopted schemes (Gratuity, PF, Medical & trea
Slide 27: Corporate Events & Employee Engagements
Corporate Events & Employee Engagements Client Awareness Events Employee Engagements Options & Algo Convention: A curated knowledge-driven event People-First Culture: Committed to fostering a workplace that’s series tailored for derivative & ALGO traders, enabling healthy, engaging, and inspiring –
Slide 28: Directors & Core Management Team
Directors & Core Management Team Independent Directors Dr. Archana Hingorani Ms. Nirali Sanghi Mr. Milin Mehta Dr. Sarat Kumar Malik Chairperson & Independent Director Independent Director Independent Director Independent Director Core Management Team Mr. Gaurav Seth Mr. Gourav Munjal Mr. Ameya Agn
Slide 29: Disclaimer
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 securit
Slide 30: Thank You
” Thank You