DiGiSPICE Technologies Limited has informed the Exchange about Transcript
DIGISPICE · price
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DiGiSPICE filed the transcript of its Q4 & FY'25 earnings call where the company detailed its rural fintech business, Spice Money. The agent network reached 1.5 million Adhikaris across 19,000 PIN codes, processing FY25 gross transaction value (GTV) of about INR 1,15,000 crores, up from INR 22,000 crores in FY20. Full-year gross margin rose to ~INR 178 crores, with Q4 GM at INR 49 crores and platform EBIT of INR 9 crores (up 61% QoQ). AePS off-us market share climbed to ~18%, cash deposit GTV nearly tripled to INR 884 crores, and cash management services GTV reached INR 43,000 crores. Management guided to maintain and grow the INR 9 crore EBIT run rate, contain indirect costs, and expects new engines (Spice Pay customer app and credit LSP) to contribute 15-20% of gross margin over 3-5 years; the Spice Money merger into DiGiSPICE is targeted for completion by end of CY2025.
Clear improvement in platform profitability and steady GTV growth signal operational momentum, which is supportive for shareholders. However, near-term margins are pressured by ~15% YoY rise in indirect costs tied to merger expenses and continued investment in new engines, while the merger completion timeline carries execution risk.