WSFx Global Pay Ltd (511147)

WSFx Global Pay filed its Q2 FY27 earnings call transcript, highlighting strong operational performance with quarterly turnover rising 41.2% YoY to ₹2,914 crore. Revenue for the quarter grew 30% YoY to ₹44.58 crore, while Profit Before Tax (PBT) increased 9.6% YoY to ₹5.33 crore. For the first half (H1), turnover touched ₹4,405 crore with revenues of ₹67.81 crore and PBT of ₹5.91 crore, though management highlighted that Q2 is seasonally their strongest quarter (contributing 90% of H1 PBT). The company also secured an expanded perpetual AD Category II forex license, enabling trade transactions up to ₹25 lakh and appointment of forex correspondents.

• Q2 turnover surged 41.2% YoY to ₹2,914 crore, crossing ₹1,000 crore turnover in two individual months
• Q2 revenue stood at ₹44.58 crore (up 30% YoY), while Q2 PBT rose 9.6% YoY to ₹5.33 crore
• H1 turnover reached ₹4,405 crore, delivering revenue of ₹67.81 crore and PBT of ₹5.91 crore
• Secured perpetual AD Category II license on July 30, permitting trade transactions up to ₹25 lakh per transaction
• Active network expanded to 944 active corporates, 621 active B2B agents, and 26 branches across India

WSFx Global Pay reported a 30% YoY increase in Q2 FY27 revenue to ₹44.58 crore, with Q2 PAT reaching ₹4.26 crore, up 16% YoY and rising significantly from ₹0.30 crore in Q1 FY27. For H1 FY27, revenue climbed 29% YoY to ₹67.81 crore, generating a PAT of ₹4.56 crore compared to ₹3.83 crore in H1 FY26. The company also secured an expanded AD-II authorization from the RBI to handle both trade and non-trade forex transactions. Additionally, operationalization of Banking Circle Nostro accounts and integration with Mastercard Move were completed to scale cross-border payments.

• Q2 FY27 revenue up 30% YoY to ₹44.58 crore vs ₹34.28 crore in Q2 FY26
• Q2 FY27 PAT rose 16% YoY to ₹4.26 crore, and surged sequentially from ₹0.30 crore in Q1 FY27
• H1 FY27 revenue reached ₹67.81 crore (up 29% YoY) with PAT at ₹4.56 crore (up 19% YoY)
• RBI granted expanded AD-II authorization covering trade and non-trade forex transactions and appointment of Forex Correspondents
• Onboarded 22 card distribution partners and commenced Banking Circle Nostro transactions

WSFx Global Pay reported strong performance for Q2 FY2026-27, with gross turnover growing 41.2% YoY to ₹2,914 Cr and revenue from operations rising 30% YoY to ₹44.58 Cr. Operating leverage led to a sharp quarter-on-quarter jump in Profit Before Tax (PBT) to ₹5.33 Cr compared to ₹0.58 Cr in Q1 FY27 (up 9.6% YoY). For H1 FY27, turnover stood at ₹4,405 Cr and operating revenue reached ₹67.81 Cr. Operationally, the company secured a perpetual AD Category-II license on July 30, 2026, eliminating periodic license renewals.

• Gross Turnover grew 41.2% YoY to ₹2,914 Cr in Q2 FY27, with September hitting a monthly record of ₹1,308 Cr
• Revenue from operations rose 30.0% YoY and 91.9% QoQ to ₹44.58 Cr in Q2 FY27
• Profit Before Tax (PBT) reached ₹5.33 Cr in Q2 FY27, up 9.6% YoY and over 9x QoQ from ₹0.58 Cr
• Received perpetual RBI AD Category-II authorisation on July 30, 2026, providing long-term operational certainty
• Branch network expanded to 26 locations with 2 new branches added in Thane and Whitefield

WSFx Global Pay released its Q1 FY27 investor presentation, reporting a 27.57% YoY rise in revenue from operations to ₹23.23 Cr and a 36.24% YoY increase in gross turnover to ₹1,490.75 Cr. Profit before tax (PBT) grew 255.63% YoY to ₹0.583 Cr, while PAT climbed 83.82% YoY to ₹0.301 Cr. Growth was primarily led by the student outward remittance vertical, where gross turnover expanded 46.83% YoY. The company added 67 corporate clients, 47 B2B partnerships, and 3 new branches during the quarter.

• Gross turnover rose 36.24% YoY to ₹1,490.75 Cr in Q1 FY27.
• Revenue from operations increased 27.57% YoY to ₹23.23 Cr compared to ₹18.21 Cr in Q1 FY26.
• PBT jumped 255.63% YoY to ₹0.583 Cr, while PAT rose 83.82% YoY to ₹0.301 Cr.
• Student outward remittance grew 46.83% YoY, while corporate turnover grew 13.75% YoY and retail fell 13.02% YoY.
• Network expanded with 67 new corporate clients, 47 new B2B partners, and 3 new branch openings.

WSFx Global Pay reported a significant revenue of ₹23.23 Cr for Q1 FY27, which represents approximately 77% of its previously reported TTM revenue of ₹30 Cr. The company turned profitable with a Net Profit of ₹0.30 Cr for the quarter, a notable improvement over the TTM loss of ₹5 Cr. Alongside the results, the board appointed Ms. Padmini Yash Dhuru, a Chartered Accountant with AI certification, as an Additional Independent Director. The company's 39th Annual General Meeting is scheduled for September 23, 2026.

• Revenue from operations reached ₹23.23 Cr in Q1 FY27 compared to ₹18.21 Cr in Q1 FY26.
• Net Profit after tax stood at ₹0.30 Cr, turning around from historical losses.
• Brokerage and commission expenses accounted for ₹12.09 Cr, representing 52% of quarterly revenue.
• Appointment of Ms. Padmini Yash Dhuru as Independent Director effective August 13, 2026.
• 39th Annual General Meeting scheduled for September 23, 2026, via video conferencing.

WSFx Global Pay reported a 27.6% YoY increase in revenue from operations to ₹23.23 Cr for the quarter ended June 30, 2026. Net profit rose 84% YoY to ₹0.30 Cr, although it declined sequentially from ₹0.55 Cr in the previous quarter. The company also appointed Ms. Padmini Yash Dhuru, a Chartered Accountant with AI certification, as an Independent Director to strengthen governance. Despite the growth, operating margins remain thin as brokerage and commission expenses account for 52% of operational revenue.

• Revenue from operations grew 27.6% YoY to ₹23.23 Cr from ₹18.21 Cr.
• Net profit increased 84% YoY to ₹0.30 Cr compared to ₹0.16 Cr in the same quarter last year.
• Brokerage and commission expenses stood at ₹12.09 Cr, representing 52% of revenue from operations.
• Employee benefit expenses increased 19.4% YoY to ₹6.98 Cr.
• Paid-up equity share capital increased to ₹12.70 Cr from ₹12.45 Cr YoY.

WSFx Global Pay has secured an expanded and perpetual Authorised Dealer Category II (AD II) license from the RBI. This upgrade allows the company to facilitate trade remittances up to ₹25 lakh and undertake all eligible non-trade current account transactions. For a company with a TTM revenue of ₹30 Cr and a market cap of ₹75 Cr, this significantly broadens the addressable market beyond retail forex into the corporate trade and remittance segment.

• Authorized to facilitate inward and outbound trade remittances up to ₹25 lakh per transaction
• Granted a perpetual license under FEMA 2026 (Notification No. FEMA 401/2026)
• Permitted to appoint Forex Correspondent Agencies to expand national reach beyond its 25+ branches
• Enables participation in all eligible non-trade current account transactions (excluding gifts/donations)
• Leverages existing network of 850+ corporates and 650+ agents for the new service suite

WSFx Global Pay has received a perpetual Authorised Dealer Category-II (AD-II) licence from the RBI, moving away from fixed-term renewals. This licence allows the company to handle trade remittances, appoint forex correspondents, and manage non-trade current account transactions like family maintenance. For a company with a small TTM revenue of Rs 30 Cr and current losses of Rs 5 Cr, this provides critical operational continuity and a broader addressable market. The expansion follows the revised FEMA 401/2026-RB framework, potentially improving the company's ability to scale its cross-border payment business.

• Licence granted 'In Perpetuity' by the RBI, eliminating periodic renewal risks.
• Expanded scope now includes Trade Remittance within prescribed regulatory limits.
• Authorized to appoint Forex Correspondents for money changing business under FCS.
• Permitted to handle all eligible non-trade current account transactions, including Family Maintenance.
• Licence issued under the new RBI Notification No. FEMA 401/2026-RB.