Earnings Call Transcript

Date: November 02, 2026 The Manager, Department of Corporate Services, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001 Subject: Transcript of Investors conference call Scrip ID: WSFX Scrip Code: 511147 Dear Sir/ Madam, In pursuance to disclosure u/r 30 of SEBI (Listing Obligation & Disclosure Requirement) Regulations 2015 we are enclosing the copy of transcript of the Investors Conference Call held on Tuesday, October 27, 2026 at 04:00 P.M (IST) for the performance of the Company for the Quarter and Half Year ended September 30, 2026. The same is also available on the website of the Company https://www.wsfxglobalpay.com/investors. The above is for your information and records. Thanking You, Yours faithfully, For WSFx Global Pay Limited Khushboo Doshi Company Secretary Encl: As above WSFx Global Pay Limited Registered Office: 6th Floor, C Wing, Corporate Avenue, Chakala, Andheri (East), Mumbai – 400 093 +91 22 62709600 | info@wsfxglobalpay.com | www.wsfxglobalpay.com | CIN No. L66190MH1986PLC039660 “WSFx Global Pay Limited Investor Conference Call” October 27, 2026 MANAGEMENT: MR. SRIKRISHNA NARASIMHAN – CHIEF EXECUTIVE OFFICER AND WHOLE-TIME DIRECTOR – WSFX GLOBAL PAY LIMITED MS. POOJA MISHRA – CHIEF FINANCIAL OFFICER – WSFX GLOBAL PAY LIMITED Page 1 of 18 WSFx Global Pay Limited October 27, 2026 Moderator: Ladies and gentlemen, good evening, and welcome to the Investor Conference Call of WSFx Global Pay Limited to discuss the company's financial performance for the quarter and half-year ended September 30th, 2026. As a reminder, all participant lines will be in the listen-only mode during the presentation. There will be an opportunity for you to ask questions once the management presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star, then zero on your touchtone telephone. Please note that this conference is being recorded. The information shared during this conference call is intended to provide a general overview of the company's business activities and financial performance as of the date of this call. Certain statements made during the call may be forward-looking in nature and are subject to risks and uncertainties. Actual results may differ materially from those expressed or implied. The information provided should not be construed as investment advice or a recommendation to buy, sell, or hold securities of the company. I now hand the conference over to Mr. Srikrishna Narasimhan, CEO and Whole-Time Director, and Ms. Pooja Mishra, Chief Financial Officer of WSFx Global Pay Limited. Thank you, and over to you, sir. Srikrishna Narasimhan: Yes, thank you. Good evening to everyone. This is Srikrishna here, along with Pooja Mishra. And it's a pleasure to connect once again with our investors and present Global Pay's performance for the quarter and half-year ended September 30th, 2026. We will briefly take you through the company's operational performance, key business developments, financial highlights, and digital initiatives during the period under review. The investor presentation has already been made available on the company's website as well as on the BSE website for your reference. Now, we will go over to the presentation. So, this has been a record Q2 for us with a turnover of around INR2,914 crores, 41.2% growth year-on-year. Revenue reached INR44.58 crores, up 30%, and PBT was INR5.33 crores, up 9.6%. Our focus now is to convert this scale into a more consistent earning through deeper customer relationship and wider distribution. I'll cover the performance and the priorities ahead. Now, go to slide two, a brief overview about Global Pay. Global Pay is a BSE-listed, RBI- authorized AD Category II forex and cross-border payments company. We serve education, business, medical, and travel needs through a combination of digital platforms, institutional partnerships, and 26 branches across India. Our services cover outward remittances, student and education, corporate travel forex, multi- currency cards, and currency exchange. Students access through our lender partnerships and education consultants relationships. Corporates use our enterprise platforms and service network, while travelers and individuals access our consumer channels, including our branch network. Our model brings together four capabilities: digital access, branch support, execution with our regulatory authorization, and partner distribution. We serve more than 900 corporates and work Page 2 of 18 WSFx Global Pay Limited October 27, 2026 with over 600 B2B partners. We are ISO 27001 and PCI DSS certified, which support our information security and card data controls. Strategically, this gives us the base to serve more of each customer's cross-border requirements and expand through partners. Our priority is to convert this reach into active relationships and repeated business. So, next slide, we go to the card portfolio, which is one part of this opportunity. GlobalPay Forex Cards, we say we have a card for every journey. Our card portfolio covers corporate, leisure, premium, and student needs. The priority is distribution and usage, getting the right card to the right customer, then increasing loading, reloads, and repeated engagement. We have 30 currency wallets in our card. GlobalPay and Smart Forex cards serve travel and multi-currency needs, Explorer card, which is a metal card, addresses premium customers, and our Uni-Z card supports students. So, we have got a card for every type of customer. And how do we reach it is what we talk on the next slide. We have a platform for every segment, that's our Global Pay platforms. Our Agent, Corporate, Embedded Partner, which we call EPAS, and Consumer platform provides the infrastructure for growth. The next step is greater adoption. In fact, as of today, our digital penetration is around 70%. We would like to take it to 90%. The next step is greater adoption with existing relationships, share KYC, and transaction workflows. We have done a lot of integrations, which support the expansion, and will keep our service and controls consistent. We want a large proposition of partners and customer activities to flow through these platforms, making transaction easier to initiate, track, and service. Now, we go to the next slide, where we talk of Q2 performance. Three outcomes define Q2. Turnover, we grew by 41.2% and revenue grew by 30%. The second takeaway has been profitability. PBT increased 9.6% to INR5.33 crores as revenue grew faster than overheads. We also advanced the capabilities needed for further growth. In fact, we got our perpetual AD- II license and we were able to activate our Nostro account and sign partnership with Mastercard Move. Card distribution also went live for us. Go to the next slide. This is a very important slide because this is the new mandate gives us a lot more scope. So, on July 30th, we got our expanded mandate. Now, our license is perpetual. This expanded scope creates opportunities in permissible non-trade and trade transactions. In fact, we can do all non-trade transactions except gift and donation. Trade transactions, we can conduct up to INR25 lakhs per transaction. The forex correspondent framework, we can appoint forex correspondents, which can ensure we can, using this network, we can enhance our distribution reach without a branch network. So, our priority in all these things is disciplined implementation with the required systems and controls in place. We go to the next slide, which gives you the Quarter 2 scorecard. Q2 turnover grew 41.2% year- on-year, we did INR2,914 crores and 95.5% on Quarter 1. Revenue was at INR44.58 crores, grew 30% year-on-year and 91.9% over Q1. PBT rose 9.6% year-on-year and was 9.1 times Q1. Page 3 of 18 WSFx Global Pay Limited October 27, 2026 Our base comprises 944 active corporates and 621 active agents with two branches added. In fact, we added Thane and Whitefield branc [Showing first 8,000 characters — download PDF for full document]