Zerodha’s Bland FY26: Net Profit Up A Mere 1% At ₹4,238 Cr, Top Line At FY25 Level
Stock broking major Zerodha’s business growth continued to remain strained in the fiscal year FY26 after taking a hit in…
Zerodha, the prominent stock broking firm, reported meager growth for the fiscal year FY26, with its net profit increasing by a mere 1.2% year-on-year to ₹4,283 Cr. This modest rise came from a net profit of ₹4,231 Cr in the corresponding fiscal year earlier. The company's operating revenue for FY26 remained at the same level as the previous year, amounting to ₹8,847 Cr, after having fallen by 11.5% from ₹9,993 Cr in FY24.
Zerodha attributed the stagnation to the elimination of rebate on transaction charges and the end of the bull market. Despite the decline in brokerage income by 10.7% to ₹2,738 Cr and a complete cessation of net transaction charges, the company saw an increase in AMC charges to ₹180 Cr. Additionally, interest income saw a slight decrease of 4% year-on-year to ₹2,269 Cr.
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