India's 5Paisa Capital down after Sept-qtr profit more than halves

5Paisa Capital

20/10/2021 07:18

** Shares in online financial services provider  PAIS.NS 
extend losses to a second day, slumping as much as 11.4% to
445.95 rupees, their lowest since Sep. 29
    ** PAIS marks its biggest intraday pct. loss since May 7,
2020 
    ** Co reports https://bit.ly/2Z2ip7x Sept-quarter
consolidated profit of 13.9 mln rupees, down 50.9% from a year
ago
    ** Posts consolidated total revenue from ops of 679.3 mln
rupees vs 523.5 mln rupees a year earlier
    ** "Our investment in building brand has temporarily
impacted profitability but this conscious decision is in the
right direction," CEO Prakarsh Gagdani says https://bit.ly/3vGn77r
 
    ** Co's total expenses for the Sept-qtr rose by 37.1% to 669
mln rupees from a year ago 
    ** More than 107,000 shares traded by 0600 GMT, 2.4 times
their 30-day avg. of over 44,000 shares
    ** As of last close, PAIS had risen 67.4% this year vs a
26.47% gain in the Nifty bank index  .NSEBANK  

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))