The Penny Stock Under Rs 100: Reserve Bank of India licensed Foreign Exchange House Q2 FY26 Revenue Jumps 90% QoQ; PBT Surges 30x to Rs 4.86 Crore

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The Penny Stock Under Rs 100: Reserve Bank of India licensed Foreign Exchange House Q2 FY26 Revenue Jumps 90% QoQ; PBT Surges 30x to Rs 4.86 Crore

The company has a market cap of over Rs 85 crore. The stock is up over 24 per cent from its 52-week low of Rs 57.2 per share.

WSFx GlobalPay Ltd, an RBI-licensed Authorised Dealer (Category II) specializing in foreign exchange and cross-border payments, announced its unaudited financial results for the quarter and half-year ended September 30, 2025. The company reported a significant improvement in both revenue and profitability during Q2 FY26.

Revenue from operations rose to Rs 34.96 crore in Q2 FY26, compared to Rs 18.44 crore in Q1 FY26, reflecting a 90 per cent quarter-on-quarter increase. Profit Before Tax (PBT) surged to Rs 4.86 crore from Rs 0.16 crore in the previous quarter, marking nearly a 30x rise. Profit After Tax (PAT) increased sharply to Rs 3.67 crore from Rs 0.16 crore, indicating a 23x jump or over 2,100 per cent growth.

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For H1 FY26, the company reported total revenue of Rs 53.41 crore and PAT of Rs 3.83 crore. Gross turnover for the first half stood at Rs 3,157.40 crore. The strong performance was driven by improved margins, cost discipline, and scaling of digital-first solutions.

The company highlighted that its card business has been growing at an 86.7 per cent compound annual growth rate (CAGR) over five years, while the remittance business registered a 40.6 per cent CAGR. These segments continue to act as key growth engines for the firm.

During the quarter, WSFx GlobalPay launched several new products at the Global Fintech Fest 2025, including the Xplorer Metal Global Card, GlobalPay Smart Switch Card, Multi-Currency Card, and Zaggle co-branded card. Other launches included DreamFolks Pay-Per-Use Transit features and card tokenisation on Samsung and Google Wallets, enhancing customer convenience and digital security.

Commenting on the results, Mr. Srikrishna Narasimhan, CEO of WSFx GlobalPay Ltd., stated that the quarter reflected strong operational and financial performance driven by improved segmental traction and digital expansion. He added that student volumes rebounded in key markets such as the UK, Germany, and other European countries, offsetting slower growth in the US and Canada.

He further emphasised that the company’s partnerships with DreamFolks, Zaggle, Samsung, and Google are aligned with its vision to create a synergistic global payments ecosystem. The focus remains on deepening digital adoption, expanding partner networks, and offering innovative forex and payment-tech solutions for long-term value creation.

Incorporated in 1986, WSFX Global Pay Ltd (formerly Wall Street Finance Ltd) is a Reserve Bank of India-licensed Authorised Dealer Category II Foreign Exchange House and an ISO 27001 certified company. Headquartered in Mumbai, it operates through digital platforms and 19 branches across India, offering services such as foreign currency exchange, prepaid and multi-currency cards, remittances, and other forex-related solutions. The company is part of the Spice Connect Group and focuses on providing secure and efficient cross-border payment and forex services to individuals and businesses.

The company has a market cap of over Rs 85 crore. The stock is up over 24 per cent from its 52-week low of Rs 57.2 per share.

Disclaimer: The article is for informational purposes only and not investment advice.