Mumbai, Feb 11: WSFx Global Pay Ltd an RBI-AD II licensed company with 40 years of Trusted Standard in Global Payments, has announced its unaudited financial results for the quarter and nine months ended December 31st, 2025 in the Board meeting held on 10th February, 2025.
Key Highlights for Q3 FY26
- The Company delivered strong YoY performance in Q3 FY26, with total revenue increasing to Rs 29.38 Cr from Rs 20.86 Cr in Q3 FY25, reflecting solid execution across core segments despite industry-wide pressure on U.S. student remittances.
- Profit before tax (PBT) for Q3 FY26 stood at Rs 1.99 Cr, up ~71% YoY, reflecting improving operating leverage and scale efficiencies.
- Nine-month PBT reached Rs 7.02 Cr, surpassing the full-year PBT of FY25, underscoring strong earnings visibility and scalability.
Growth & Operating Performance
- Revenue from operations for the nine-month period rose to Rs 81.76 Cr, up ~26% YoY, driven by growth across student remittances, B2B distribution, corporate forex, and card programs, despite moderation in U.S.-linked student corridors—underscoring the strength of the Company’s diversified geography and segment mix
- Net profit after tax for the nine-month period rose to Rs 5.58 Cr, supported by strong operating performance and disciplined cost management
- Continued improvement in product mix, digital adoption, and partner expansion has enhanced revenue diversification and reduced concentration risk
Earnings Quality & Tax Normalisation
PAT for Q3 FY26 is not directly comparable with Q3 FY25 due to normalization of tax provisioning in the current financial year.
In FY25, tax provisions were largely booked in Q4, whereas FY26 reflects periodic and prudent provisioning, improving transparency and governance.
Strategic & Structural Growth Drivers
- The Company continues to scale its prepaid card and outward remittance franchise through expanding distribution partnerships and digital platforms
- Growth in B2B and institutional partnerships has enhanced volume visibility and margins, partially offsetting softness in select student corridors
- Ongoing investments in automation, digital channels, and partner integration are expected to further improve operating efficiency and scalability
Outlook
- The Company remains confident in sustaining growth momentum, supported by diversification beyond U.S. student corridors, expansion of corporate forex relationships, and continued scaling of the GlobalPay Card platform
- With nine-month profitability already exceeding last year’s full-year performance, WSFx is well positioned to deliver sustained earnings growth while maintaining strong cost discipline and robust risk management