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).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR