WSFx Global Pay Ltd (511147)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, WSFx Global's revenue was ₹23.2 Cr (+26.0% year on year, -11.3% on the previous quarter), and net profit ₹0.3 Cr (+88.4% year on year); the operating margin was 4.6%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹23.2 | +26.0% | -11.3% |
| Operating profit | ₹1.1 | -6.2% | -1.9% |
| Net profit | ₹0.3 | +88.4% | -45.2% |
| EPS (₹) | 0.24 | +84.6% | -45.5% |
| Operating margin | 4.6% | — | — |
📢 Recent Corporate Announcements
WSFx Global Pay Limited announced shareholder approval at its 39th AGM for key board appointments. Mr. Srikrishna Narasimhan has been re-appointed as Whole-Time Director & CEO for a 3-year term from December 22, 2026, to December 21, 2029; he currently holds 60,012 shares in the company. Additionally, Ms. Padmini Yash Dhuru was appointed as Non-Executive Independent Director for a 5-year term from August 13, 2026, to August 12, 2031. The members also approved the alteration of the Main Object Clause of the company's Memorandum of Association.
- Re-appointment of CEO Srikrishna Narasimhan approved for a 3-year term from December 22, 2026 to December 21, 2029
- Appointment of Ms. Padmini Yash Dhuru as Independent Director for a 5-year tenure effective August 13, 2026 to August 12, 2031
- CEO Srikrishna Narasimhan holds 60,012 equity shares in WSFx Global Pay Limited
- Alteration of the Main Object Clause of the Memorandum of Association approved at the 39th AGM held on September 23, 2026
WSFx Global Pay Limited has approved the allotment of 13,250 equity shares of face value Rs 10 each to eligible employees pursuant to the exercise of options under ESOP Plan-2018. The options were exercised at a price of Rs 25.20 per share, which includes a share premium of Rs 15.20. Following this allotment, the company's total equity share count increased marginally from 1,26,73,391 to 1,26,86,640 shares. The resulting equity dilution is negligible at roughly 0.10% of total equity.
- Allotment of 13,250 equity shares of face value Rs 10 each under ESOP Plan-2018
- Exercise price set at Rs 25.20 per share (including premium of Rs 15.20 per share)
- Total equity shares expanded from 1,26,73,391 to 1,26,86,640 shares
- Total issued share capital stands at Rs 12.74 Cr following the corporate action
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 strong Q1 FY27 financial performance with gross turnover growing 36.24% YoY to ₹1,490.75 Cr. Revenue from operations increased 27.57% YoY to ₹23.23 Cr compared to ₹18.21 Cr in Q1 FY26. Profit before tax (PBT) surged 255.63% YoY to ₹0.583 Cr while PAT expanded 83.82% YoY to ₹0.301 Cr, reflecting emerging operating leverage. Growth was primarily driven by the student outward remittance segment, which grew 46.83% YoY.
- Gross turnover increased by 36.24% YoY to ₹1,490.75 Cr in Q1 FY27
- Revenue from operations rose 27.57% YoY to ₹23.23 Cr from ₹18.21 Cr in Q1 FY26
- Profit Before Tax (PBT) jumped 255.63% YoY to ₹0.583 Cr, while PAT grew 83.82% YoY to ₹0.301 Cr
- Student segment was the primary growth driver (+46.83% YoY), while Corporate grew +13.75% YoY and Retail declined -13.02% YoY
- Onboarded 67 new corporate clients, 47 new B2B partnerships, and opened 3 new branches during the quarter
WSFx Global Pay Limited has submitted copies of newspaper advertisements containing the extract of its unaudited financial results for the quarter ended June 30, 2026. The notices were published on August 14, 2026, in the Free Press Journal (English) and Navshakti (Marathi) pursuant to Regulation 47(1)(b) of SEBI LODR Regulations. This filing is purely procedural and confirms statutory compliance following board approval of quarterly results.
- Newspaper advertisements published on August 14, 2026
- Pertains to un-audited financial results for the quarter ended June 30, 2026
- Published in English (Free Press Journal) and Marathi (Navshakti)
- Filing made under Regulation 30 and Regulation 47(1)(b) of SEBI LODR Regulations, 2015
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 reported a 27.5% year-on-year increase in revenue from operations to ₹23.23 Cr for Q1 FY27. Net profit for the quarter rose 84% YoY to ₹30.15 Lakhs (₹0.30 Cr), up from ₹16.40 Lakhs in the same period last year. However, on a sequential basis, revenue declined by 6.9% from ₹24.95 Cr in the March 2026 quarter. The company also appointed Ms. Padmini Yash Dhuru as an Independent Director to strengthen its governance and strategic oversight.
- Revenue from operations increased to ₹23.23 Cr in Q1 FY27 from ₹18.21 Cr in Q1 FY26.
- Net Profit after tax grew to ₹30.15 Lakhs, representing an 84% increase over the previous year's corresponding quarter.
- Brokerage and commission expenses remained high at ₹12.09 Cr, accounting for 52% of the quarterly revenue.
- Basic Earnings Per Share (EPS) improved to ₹0.24 from ₹0.13 YoY.
- The 39th Annual General Meeting is scheduled for September 23, 2026.
WSFx Global Pay Ltd has scheduled a board meeting for August 13, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. The company is a micro-cap fintech player with a market capitalization of Rs 75 Cr and TTM revenue of Rs 30 Cr. Currently, the firm is loss-making with a TTM PAT of Rs -5 Cr and a negative operating margin of -16.6%. This meeting is a routine regulatory requirement under SEBI (LODR) Regulations, 2015.
- Board meeting scheduled for August 13, 2026
- Review of unaudited results for the quarter ended June 30, 2026
- Trading window closed for insiders as of August 03, 2026
- TTM net loss stands at Rs -5 Cr against a net worth of Rs 28 Cr
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 an expanded Authorised Dealer Category II (AD II) license from the RBI, significantly broadening its service scope. The company is now authorized to facilitate trade remittances up to ₹25 lakh and appoint Forex Correspondent Agencies to scale its national reach. This is a material development for a micro-cap company with a TTM revenue of ₹30 Cr, as it opens new revenue streams in international trade and non-trade current account transactions. Given the company's current loss-making status (TTM PAT of -₹5 Cr), this regulatory milestone is a critical step toward business turnaround and scaling its fintech platform.
- Authorized to facilitate inward and outward trade remittances up to ₹25 lakh per transaction
- Granted permission to appoint Forex Correspondent Agencies to expand service reach across India
- License allows undertaking of all eligible non-trade current account transactions (excluding gifts and donations)
- Company currently operates a network of 25+ branches and serves over 850+ corporate clients
- The license is issued on a perpetual basis under the new FEMA 2026 notification
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.
WSFx G l o b a l P a y h a s l a u n c h e d 'G l o b a l P a y C o n n e c t,' a n e w B 2 B p l a t f o r m t o o n b o a r d R B I - a u t h o r i z e d i n s t i t u t i o n s a s f o r e x c a r d d i s t r i b u t o r s. T h i s m a r k s a s t r a t e g i c s h i f t f r o m d i r e c t i s s u a n c e t o a p a r t n e r - l e d d i s t r i b u t i o n m o d e l, a i m i n g t o s c a l e i t s T T M r e v e n u e o f R s 3 0 C r. T h e p l a t f o r m s u p p o r t s 3 0 c u r r e n c i e s a n d i s t a r g e t e d a t F F M C s, B a n k s, a n d A D I I d e a l e r s. G i v e n t h e c o m p a n y's c u r r e n t o p e r a t i n g l o s s e s ( - 1 6.6 % O P M ), t h i s l o w - c a p e x s c a l i n g m o d e l i s c r i t i c a l f o r r e a c h i n g b r e a k e v e n.
- L a u n c h e d G l o b a l P a y C o n n e c t p l a t f o r m t o e n a b l e R B I - l i c e n s e d i n s t i t u t i o n s a s a u t h o r i z e d d i s t r i b u t o r s
- F o r e x c a r d s o l u t i o n s u p p o r t s 3 0 c u r r e n c i e s a n d i s a c c e p t e d i n 1 8 0 + c o u n t r i e s
- L e v e r a g e s e x i s t i n g i n f r a s t r u c t u r e o f 2 5 + b r a n c h e s a n d 8 5 0 + c o r p o r a t e r e l a t i o n s h i p s
- T a r g e t s g r o w t h i n o u t b o u n d t r a v e l a n d o v e r s e a s e d u c a t i o n s e c t o r s
WSFx Global Pay has launched 'GlobalPay Connect,' a strategic B2B2C distribution program to scale its forex card business. The initiative allows RBI-authorized entities, including Banks and Full Fledged Money Changers (FFMCs), to distribute WSFx's multi-currency cards. These cards support transactions in 30 currencies across 180+ countries and integrate with the company's proprietary digital app. This move aims to build a nationwide partner-led ecosystem, leveraging the company's AD Category-II license and 40 years of industry experience.
- Launched 'GlobalPay Connect' to partner with RBI-authorised AD Category-II entities, FFMCs, and Banks.
- Multi-currency forex cards support transactions in 30 different currencies.
- Distribution network expansion covers more than 180 countries via contactless Tap & Pay cards.
- Leverages the company's 4 decades of foreign exchange expertise and proprietary digital platform.
- Provides partners with end-to-end technology integration and real-time card management via the GlobalPay App.
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