5paisa Capital : Financial Result Updates

January 11, 2023
To,	To,
The Manager,	The Manager,
Listing Department,	Listing Department,
BSE Limited,	The National Stock Exchange of India Ltd.,
Phiroze Jeejeebhoy Tower, Dalal Street,	Exchange Plaza, 5th Floor, Plot C/1, G Block,
Mumbai ‐ 400 001.	Bandra ‐ Kurla Complex, Bandra (E),
Tel No.: 22721233	Mumbai ‐ 400 051.
Fax No.: 22723719/22723121/22722037	Tel No.: 2659 8235 Fax No.: 26598237
BSE Scrip Code: 540776	NSE Symbol: 5PAISA
Dear Sir/Madam,

Sub: Outcome of the Board Meeting:

This is to inform you that pursuant to Regulation 30 and 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI‐LODR") read with Circular (Ref No. CIR/CFD/F AC/6212016 dated July 05, 2016) issued by SEBI, the Board of Directors of the Company at their meeting held today at The Think Tank, Four Seasons Hotel, 1/136, Dr. E. Moses Road, Gandhi Nagar, Upper Worli, Mumbai ‐ 400018. has inter‐alia approved and taken on record the following:

1. Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended December 31, 2022 along with Limited Review Report, duly signed by the Auditor of the Company as required under Regulation 33 of the SEBI ‐ LODR.

The results have been uploaded on the Stock exchange websites at https://www.nseindia.comand https://www.bseindia.comand on the website of the Company at www.5paisa.com.

The meeting of the Board of Directors commenced at 02:15 PM and concluded at 05:00 PM.

Kindly take the above on record and oblige.

Thanking you,

For 5paisa Capital Limited

NAMITA

AMOD GODBOLE

Digitally signed by

NAMITA AMOD GODBOLE Date: 2023.01.11 17:01:17 +05'30'

_____________________

Namita Godbole

Email ID: [e-mail]

Membership No.: A21056

Encl: as above

5paisa Capital Limited

Corporate Identity Number: L67190MH2007PLC289249

Corporate Office/Regd. Office: 5paisa Capital Limited, Sun Infotech Park, Road No. 16V, Plot No. B‐23, Wagle Estate, Thane

400604. Tel: [phone] • E‐mail: [e-mail]• Website: www.5paisa.com

5paisa Capital Limited

CIN: L67190MH2007PLC289249

Corp. Office / Regd. Office: IIFL House, Sun Infotech Park, Road No.16V, Plot No. B‐23, Wagle Estate, Thane 400 604

Statement of Standalone financial results for the quarter and nine months ended December 31, 2022

						( ₹ in lacs)
		Quarter ended		Nine Months ended	Year ended
Particulars	Dec 31, 2022	Sep 30, 2022	Dec 31, 2021	Dec 31, 2022	Dec 31, 2021	Mar 31, 2022
	Unaudited (Note 8)	Unaudited (Note 8)	Unaudited (Note 8)	Unaudited	Unaudited	Audited
(I) Revenue from operations
a. Interest income	2,643.10	2,395.23	2,119.56	7,464.53	5,766.55	8,098.97
b. Fees and commission income	5,730.81	5,556.55	5,878.98	17,263.18	15,079.63	21,566.86
(I) Total revenue from operations (a+b)	8,373.91	7,951.78	7,998.54	24,727.71	20,846.18	29,665.83
(II) Other income	1.57	52.99	14.62	54.92	87.66	90.81
(III) Total income (I+II)	8,375.48	8,004.77	8,013.16	24,782.63	20,933.84	29,756.64
(IV) Expenses
a. Finance cost	599.09	453.37	652.90	1,600.41	1,618.06	2,186.88
b. Employee benefits expense	1,493.70	1,459.62	1,032.89	4,369.21	2,867.67	4,140.41
c. Depreciation, amortisation and impairment	197.73	189.65	100.55	575.22	294.69	427.50
d. Other expenses (Refer note 6)	4,598.56	4,488.22	6,093.65	14,307.61	14,791.47	21,004.72
(IV) Total expenses (a+b+c+d)	6,889.08	6,590.86	7,879.99	20,852.45	19,571.89	27,759.51
(V) Profit/(loss) before exceptional items and tax (III‐IV)	1,486.40	1,413.91	133.17	3,930.18	1,361.95	1,997.13
(VI) Exceptional items	‐	‐	‐	‐	‐	‐
(VII) Profit/(loss) before tax (V‐VI)	1,486.40	1,413.91	133.17	3,930.18	1,361.95	1,997.13
(VIII) Tax expense:
a. Current tax	427.70	22.65	‐	450.36	‐	‐
b. Deferred tax	(53.53)	311.57	33.32	535.19	344.03	513.70
(VIII) Total tax expense (a+b)	374.17	334.22	33.32	985.55	344.03	513.70
(IX) Profit/(loss) for the period (VII‐VIII)	1,112.23	1,079.69	99.85	2,944.63	1,017.92	1,483.43
(X) Other Comprehensive Income
(i) Items that will not be reclassified to profit or loss
‐ Remeasurement of defined benefit plan	(10.80)	(2.76)	(1.28)	(19.23)	(12.33)	18.45
(ii) Income tax relating to items that will not be reclassified to profit or loss	2.72	0.69	0.32	4.84	3.10	(4.64)
Total Other Comprehensive Income (i+ii)	(8.08)	(2.07)	(0.96)	(14.39)	(9.23)	13.80
(XI) Total Comprehensive Income for the Period (Comprising of profit/(loss) and other	1,104.15	1,077.62	98.89	2,930.24	1,008.69	1,497.23
comprehensive income) (IX+X)
Paid up Equity Share Capital (Face Value of ₹ 10 each)	3,062.56	3,062.56	2,941.58	3,062.56	2,941.58	2,941.73
Earnings Per Equity Share (EPS)*
Basic (In ₹)	3.63	3.51	0.34	9.61	3.50	5.10
Diluted (In ₹)	3.61	3.40	0.34	9.55	3.46	5.05
* Quarter ended numbers are not annualised

For 5paisa Capital Limited

PRAKARSH SHARAD GAGDANI

Digitally signed by PRAKARSH SHARAD GAGDANI

Date: 2023.01.11 17:02:26 +05'30'

Place : Mumbai	Prakarsh Gagdani
Whole Time Director & Chief Executive Officer
Date : January 11, 2023	(DIN: 07376258)

Notes to results:

1. The above unaudited standalone financial results for the quarter and nine months ended December 31, 2022 have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at its meeting held on January 11, 2023 and have been subjected to limited review by the statutory auditors of the Company and the Auditors have issued an unmodified report.
2. These Standalone financial results have been prepared in accordance with the recognition and measurement principles laid down in Ind AS 34 'Interim Financial Reporting' prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued there under and the other accounting principles generally accepted in India and in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended.
3. The Company is engaged only in the business of stock broking and distribution of financial products primarily through internet and mobile applications. Accordingly, there is no separate reportable segments as per Indian Accounting Standard 108 (Ind AS) on 'Operating Segment'.
4. The Company vide circular resolutions of the Nomination and Remuneration Committee dated on October 19, 2022 granted 8,550 stock options to eligible employee under Employee Stock Option Scheme‐2017.
5. The Board in its meeting held on Tuesday, December 06, 2022 had considered and approved the Scheme of Arrangement between IIFL Securities Limited ("Demerged Company") and 5paisa Capital Limited ("Resulting Company") and their respective shareholders and creditors, with appointed date being 1st April 2023, which inter alia provides for the demerger, transfer and vesting of the Online Retail Trading Business of the Demerged Company (the Demerged Undertaking (as defined in the Scheme) into the Resulting Company, on a going concern basis and in consideration thereof, the Resulting Company shall issue its equity shares to the shareholders of the Demerged Company. These shares shall be listed on BSE Limited and the National Stock Exchange of India Limited (collectively referred to as "Stock Exchanges"). The Scheme is, inter alia, subject to receipt of approval from the statutory, regulatory and customary approvals, including approvals from Stock Exchanges, National Company Law Tribunal, Mumbai Bench and the shareholders and creditors of the companies involved in the Scheme and the company is in the process of seeking the same.
6. In adherence to the Exchange directives vide their circulars no. NSE/INSP/4519 dated July 31, 2020 and NSE/INSP/49929 dated October 12, 2021, the company had reversed an amount of Rs 709 lacs to its eligible clients during the quarter, being the amount recovered from such clients on account of penalty levied by clearing corporation on company for "Short Collection/Non‐collection of upfront margins from the client". The same has been included in "Other Expenses" in "Statement of Standalone financial results for the quarter and nine months ended December 31, 2022.
7. The new Labour Law Reform Codes related to wages, social security, industrial relations and Occupation safety, health and working conditions is still in discussion between Central government and respective State government for final implementation. The Company will assess the impact of all the Codes when they come into effect and will account for the related impact in the period the Code becomes effective.

1. The figures for the quarter ended December 31, 2022 and December 31, 2021 are the balancing figures between unaudited figures in respect of the nine months ended December 31, 2022 and December 31, 2021 and the unaudited figures of half year ended September 30, 2022 and September 30, 2021.
2. The standalone unaudited financial results for the quarter and half year ended September 30, 2022 as submitted to Stock Exchanges are also available on our website www.5paisa.com.
3. Previous periods figures have been regrouped / rearranged wherever necessary.

By order of the Board

For 5paisa Capital Limited

PRAKARSH SHARAD GAGDANI

Digitally signed by

PRAKARSH SHARAD GAGDANI

Date: 2023.01.11 17:03:19 +05'30'

	Prakarsh Gagdani
Place: Mumbai	Whole Time Director & Chief Executive Officer
Date: January 11, 2023	DIN: 07376258