Q3 2023 5Paisa Capital Ltd Earnings Call Transcript

Jan 12, 2023 / 08:30AM GMT
Operator

Good afternoon, ladies and gentlemen. I'm Felicia, moderator for the conference call. Welcome to 5paisa Capital Q3 FY '23 Earnings Conference Call. We have with us today the management of the company. (Operator Instructions) Please note, this conference is recorded.

I would now like to hand over the call to the management. Thank you, and over to you.

Prakarsh Sharad Gagdani - 5paisa Capital Limited - CEO & Whole-Time Director

A very good afternoon, everyone. Myself, Prakarsh Gagdani, CEO and Whole Time Director of 5paisa; along with my colleague, CFO, Mr. Gourav Munjal, welcome you all for our Q3 FY '23 conference call. At the outset, I would like to wish you all a very, very happy new year. I wish that 2023 may be much better than 2022.

Since the quarter 3 2020 -- quarter 3 FY '23 was more of a mixed bag, if you look at the overall market, on one hand, (inaudible) touched an all-time high of INR 18,847 on 1st of December. But on the other hand, the new demat account growth slowed down. So we saw -- we're seeing some fatigue in last 2

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