Zerodha’s profit stalls; IT’s new deal model
Zerodha’s profit growth has slowed as its core broking business comes under pressure. This and more in today’s ETtech Top 5.
Zerodha's annual profit remained flat in FY26, staying at Rs 4,283 crore, as its core broking business faced a slowdown. Founder Nithin Kamath attributed the stagnation to a decline in core brokerage income, which fell 10.7% to Rs 2,738 crore, and net transaction charges dropping to zero after exchanges withdrew rebates. Meanwhile, interest income from margin funding nearly equaled brokerage income at Rs 2,269 crore, a testament to the company's growing margin trading facility.
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