BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
5Paisa Capital Ltd. is a leading discount stock broker backed by the Nirmal Jain led IIFL group.
The company reported mixed Q2 FY22 results. Average daily turnover was up 40% QoQ amid robust client accretion at 3.42 lakh.
Revenue was up 13% QoQ to Rs 68 crore, primarily led by 43% QoQ rise in the margin trading funding book.
Elevated marketing and other expense impacted 5Paisa Capital's earnings momentum with profit after tax at Rs 1.7 crore (down 77% QoQ).
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