Trading Steady 5paisa Keeps Its Balance in a Volatile Market

MUMBAI: In a market where momentum has been patchy, 5paisa Capital Limited has chosen consistency over drama. The digital brokerage firm reported unaudited consolidated results for the quarter and nine months ended December 31, 2025, showing resilient profitability despite softer topline momentum and higher operating costs. For the December quarter, total income stood at Rs 793.37 crore, compared with Rs 853.10 crore in the same period last year, reflecting lower fees and commission income amid changing market conditions.

Revenue from operations for the quarter came in at Rs 792.75 crore, with interest income of Rs 347.24 crore and fees and commission income of Rs 445.51 crore. While trading-led income moderated year-on-year, cost control helped cushion the impact. Total expenses for the quarter were contained at Rs 628.04 crore, resulting in a profit before tax of Rs 165.32 crore.

After accounting for tax expenses of Rs 42.33 crore, net profit for the quarter stood at Rs 122.99 crore, compared with Rs 161.77 crore a year earlier. Earnings per share for the quarter were reported at Rs 3.94 (basic) and Rs 3.93 (diluted).

For the nine months ended December 31, 2025, 5paisa posted total income of Rs 2,344.11 crore, down from Rs 2,884.39 crore in the corresponding period last year. Net profit for the nine-month period came in at Rs 333.30 crore, compared with Rs 581.67 crore in the year-ago period, mirroring a broader slowdown in retail trading activity.

Despite the moderation, the balance sheet remained healthy. As of December-end, the company reported a net worth of Rs 639.17 crore, with a debt-equity ratio of 0.45 times and a current ratio of 1.50 times, indicating comfortable liquidity. Operating margins for the period stood at 19 percent, while net profit margin was 14 percent, underscoring the firm’s ability to protect profitability in a tougher environment.

On a full-year basis, for the year ended March 31, 2025, 5paisa had reported a net profit of Rs 682.33 crore, providing a strong base despite the subsequent cooling off in market activity. The company’s earnings per share for the nine-month period were reported at Rs 10.67 (basic) and Rs 10.64 (diluted).

Commenting through the results announcement, 5paisa Capital Limited managing director and CEO Gaurav Seth signed off the numbers on January 13, 2026, as the brokerage continues to navigate a phase marked by cautious investor sentiment and recalibrated trading volumes.

While the headline numbers point to a softer year compared to the trading boom cycles of the past, 5paisa’s latest results suggest a business that remains profitable, well-capitalised and steady on its feet, even when the markets refuse to cooperate.