Transcript of Earnings Conference Call

July 23, 2026 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 – 400 051. BSE Scrip Code: 540776 NSE Symbol: 5PAISA Sub: Transcript of Earnings Conference Call Dear Sir / Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and further to our earlier intimation regarding the earnings conference call for the quarter ended June 30, 2026, please find annexed herewith transcript of the said earnings conference call which was held on July 17, 2026. The transcript is also available on the website of the Company at https://www.5paisa.com/investor- relations/recordings. Further, we hereby confirm that no unpublished price sensitive information was shared or discussed during the said earnings conference call. Kindly take the same on record and oblige. Thanking You, For 5paisa Capital Limited Gourav Munjal Whole-time Director & CFO DIN: 06360031 Email ID: csteam@5paisa.com Place: Thane Encl: As above 5paisa Capital Limited Registered Office: IIFL House, Sun Infotech Park, Road No.16V, Plot No. B-23, Wagle Estate, Thane - 400604 Tel.: +91 22 41035000 I E-mail: support@5paisa.com I Website: www.5paisa.com I CIN: L67190MH2007PLC289249 5paisa Capital Limited Q1 FY27 Earnings Conference Call Event Date/Time: 17/07/2026, 14.00 Hrs IST Event Duration: 27 minutes 38 seconds MANAGEMENT DETAILS: Mr. Gaurav Seth Managing Director & CEO Mr. Gourav Munjal Whole-Time Director & CFO Q&A PARTICIPANTS: 1 Jatin Sahani : Individual Investor. 2 Amit Mehendale : Robo Capital. 5paisa Capital Limited Q1 FY27 Earnings Conference Call 17.07.2026 Moderator Good afternoon, ladies and gentlemen. I'm Akash, moderator for the conference call. Welcome to 5paisa Capital Limited Q1 FY27 Earnings Conference Call. We have with us today Mr. Gaurav Seth, the Managing Director and CEO, Mr. Gourav Munjal, Whole-Time Director and CFO. As a reminder, all participants' lines will be in listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing * then 0 on your touch-tone telephone. Please note this conference is being recorded. I would now like to hand over the floor to Mr. Gaurav Seth. Thank you, and over to you, sir. Gaurav Seth Okay, thank you so much. Hi. Good afternoon, everyone. Thank you for joining us. So, today, I want to take you through three things, in the strong operational performance we delivered in Q1, strategic context around where we continue to invest and the differentiated opportunity that we believe 5paisa is uniquely positioned to capture in the Indian capital markets, wealth management market. All right, so first, let's talk about our Q1 performance and financial momentum. Let me start with the numbers. Total revenue grew 14% YoY to INR 88.4 crores and impact with PAT of INR 11.6 crores. Our customer base now has grown to 52.6 lakh customers. But what's more important is the quality of that growth. Our average client funding book, which includes both MTF and the T+5 offering, which is also a related offering, now stands at I mean, for the last quarter stands at now it's much higher, but it stands at INR 422 crore, which was an increase of 3% QoQ. And this basically represents that it's not just user acquisition, but it's also wallet deepening that we are focused on from a customer standpoint. Our mutual fund assets under management reached INR 2,073 crore, which was an 18% increase QoQ. Again, it shows that our customers are not just trading in isolation, but they're also building portfolios with us. And we believe that's the foundation of a sticky, high-lifetime- value customer base. Now, more importantly, on the product and technology side, over the past few years, we've built deep institutional knowledge of retail investors, what they actually trade and invest. And combining that with the tech expertise and AI now stands to become a competitive advantage. So, I want to focus on three things there on product. First, that we're making overall leverage and funding more accessible, which is demonstrated by the growth in our T+5 plus MTF book. We've expanded the T+5 offering, which is essentially where you can hold the stock for five days, to 2,500 eligible scrips, with interest rates starting at 0.045% per day. We've 5paisa Capital Limited Q1 FY27 Earnings Conference Call 17.07.2026 also extended MTF to 1,500 scrips with funding limits, which we've increased up to INR 25 crores. And these are addressing real gaps in the Indian trading ecosystem and how investors want to operate. Second, we are radically simplifying our F&O/derivatives trading, obviously for serious traders, but also for non-professional traders. Our recent launches, which was the OI profile on Charts, OneClick execution, and the launch of AlgoSpace, which is the name that we've given to our algo trading platform. The idea is to reduce friction and democratize structured trading. AlgoSpace, in particular, is also a bet on retail adoption of algo trading, and people who do not necessarily have the wherewithal to code the algorithms and are able to use this in sachet-size and packet-size algos to their advantage. So that is part two. And then part three is that we are actively working on, in fact already on our way to embedding intelligence throughout the platform. So, as an example, we launched AI insights on the app to surface both stock-level. It's just humble request, people who are not on talking can go on mute, or I think you need to mute it for everyone, operator. Moderator Yes, sir. Gaurav Seth Yeah. So, on the app, we've launched both portfolio and stock insights. So, if you have a portfolio or if you have a stock, you're able to use AI to uncover insights on that, and we've seen very encouraging response. We were actually one of the first brokers to launch an MCP integration with a major LLM provider last year itself, in which you can actually execute, analyze, execute, and potentially do anything that you can do on the 5paisa app via using the conversational interface. Now, we're building more on this, and then you can expect a much more simplified version, much more easier to access version of this MCP integration. Okay. Now, I want to cover where we are headed, the strategic initiatives that we're investing for scale. The reasons that I'm highlighting this project is that they're all moving to production in the next few months. There are multiple platform upgrades, complete revamp platform, which is happening. And in our early beta-stage testing, we've seen very, very encouraging results. Besides the immediate product calendar, we have multiple strategic levers in motion. One is, as you all probably follow our company, understand that we raised about INR 468 crores in the rights issue as capital in the month of April, which is strengthened the balance sheet and which we're going to use for obviously continued investment in the product and tech talent for improving and taking a product to the next level plus partnerships and plus growth marketing, right. So that is one. 5paisa Capital Limited Q1 FY27 Earnings Conference Call 17.07.2026 Second is, we are also very actively looking at the right partnerships in the AI ecosystem to accelerate our AI journey, both within the company internally for improving productivity unleashing creative forces, but also, more importantly, for our customers, where they can leverage the power of AI to make them better investors and traders. And third, of course, we continue to selectively evaluate inorganic opportunities as well in the market, which can accelerate our journey and give us additional speed and tal [Showing first 8,000 characters — download PDF for full document]