5paisa Capital surges 20% as net loss narrows in March quarter

The company reported a net loss of Rs 33 lakh in March quarter, against a loss of Rs 6.93 crore in the year-ago period.

Shares of 5paisa Capital rallied 20 per cent to Rs 281 on the BSE in intra-day trade on Thursday after the company reported net loss of Rs 33 lakh, a decline of 95 per cent (year on year) from Rs 6.93 crore, for the quarter ended March 2019. The company, engaged in providing financial products through its online technology platform and mobile applications, managed to improve its financial position through higher operational income.

Total income during the quarter rose nearly three-fold to Rs 21.89 crore from Rs 7.87 crore against the same quarter of previous fiscal.

Continued efforts