Highlights:

* As per the company, a very weak market and substantially lower number of IPOs have impacted the results in Q3FY2019. About 60% of income of the company is almost all market related.

* The transactional revenues have also come down because delivery based volumes are lower, while there was about 27%-28% fall in the billable transactions.

* The Aadhar order has impacted the eKYC account opening in terms of using the eSign and then Aadhaar-based accounts. The company is looking at introducing an offline eKYC module, which is in fact soft-launched.

* National Academic Depository is doing well, almost all 500-plus universities have signed up.

* Commodity repository has 3 verticals. One is the eNAM vertical, where the integration is still happening. And the other one is the pledge by the banks taken as eNWR. There, we have seen some kind of growth and some banks have become repository participants. Once eNWR is made mandatory by RBI, many banks will start lending all against the eNWRs.

* Insurance repository is also doing well.

* The total consolidated income is marginally down by 1% from Rs 62.89 crore in Q2FY2019 to Rs 62.22 crore in Q3FY2019, mainly on account of overall market conditions.

* The other income increased 65% qoq from Rs 9.74 crore to Rs 16.05 crore in Q3FY2019, but the net profit decline marginally by 6% qoq from Rs 30.15 crore to Rs 28.45 crore in Q3FY2019 mainly due to increase in the some of the expenditure.

* The consolidated total income increased by 9% yoy to Rs 62.22 crore in Q3FY2019 and other income surged 171% to Rs 16.05 crore mainly due to mark-to-market gains on investment. The net profit moved up by 12% to Rs 28.46 crore. The expenditure was higher by 18% at Rs 25.95 crore.

* The revenue breakup for Q3FY2019 - annual issuer income Rs 17.61 crore (Rs 13.88 crore in Q3FY2018), transaction charge Rs 9.50 crore (Rs 12.71 crore), e-voting charge is Rs 0.57 crore (Rs 0.31 crore), IPO corporate action charges Rs 4.00 crore (Rs 8.34 crore), KYC online data charge Rs 7.13 crore (Rs 7.77 crore).

* The company has added 549 companies as unlisted company, which gives gross revenue of around Rs 70 lakhs as annual issuer charges, that is recurring one. Rs 82 lakhs is onetime revenue, means Rs 15000 per company.

* The total unlisted public limited companies are almost 65000 to 75000 roughly and some are anyway admitted and some many are still to be admitted.

* Incremental market share of the company stood at 63% in Q3FY2019 and 65% in 9MFY2019. Overall market share for beneficial owner account is 48%.

* The other expenses of the company jumped to Rs 12.6 crore from Rs 8.5 crore, mainly on account of Rs 3 crore of provisions for doubtful debts and bad debts.

* Other income includes user facility charges of Rs 0.83 crore, settlement charges Rs 0.40 crore, account maintenance charges Rs 0.78 crore and consolidated account statement charges Rs 2.23 crore.

* The warehouse repository is expected to emerge number one. However, as the government is reducing the number of filings that are required to be made under GST, thus this stream is not expected to be a very big revenue driver.

* The bad debt provisioning stood at Rs 4.50 crore in FY2018, while its expected to be Rs 7 crore in FY2019.