Online stock brokerage platform Zerodha has posted a net profit of Rs 4,283 crore in the financial year ending March 31 2026, up around 1.2% YoY from Rs 4,231 crore in the previous fiscal, while revenue remained flat.
The Bengaluru-based firm’s revenue from operations was Rs 8,847 crore in FY25.
Zerodha does not disclose absolute numbers, but shares bar graphs with indicative figures.
In a blog post, CEO Nithin Kamath attributed the flat performance in real terms to the paused bull market, and the removal of rebates on transaction charges.
Since the Indian market peaked in September 2024, trading activity has cooled and new account growth has moderated YoY.
