India's 5Paisa Capital down on Dec-qtr profit drop

5Paisa Capital

11/01/2022 06:56

** Shares of online financial services provider  PAIS.NS 
fall as much as 5.6% to 411.25 rupees, marking their biggest
intraday pct loss since Nov. 29 
    ** PAIS stock down for a second straight session
    ** Co reports https://bit.ly/3zKHiTu December-quarter
consolidated profit of 7.4 mln rupees ($100,108.23), a 76.7%
fall y-o-y on higher expenses
    ** Co posts December-quarter consolidated total revenue from
operations of 800.5 mln rupees vs 495.7 mln rupees a year ago
    ** Entering 2022 with high optimism on the back of strong
revenue growth and highest margin funding book of 3.60 bln
rupees - CEO Prakarsh Gagdani https://bit.ly/3Fexz9c
    ** More than 68,000 shares traded by 0609 GMT, 3 times their
30-day avg

($1 = 73.9200 Indian rupees)

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