Bengaluru: Stockbroking platform Zerodha's net profit rose 1.2% to ₹4,283 crore in FY26, while revenue remained broadly unchanged from the ₹8,847 crore it reported a year earlier, as income from margin trading helped partly offset a slowdown in its core broking business.Brokerage income fell nearly 11% to ₹2,738 crore last fiscal year, while net transaction-charge income dropped to zero from ₹400 crore after a regulatory change ended rebates brokers received from stock exchanges. Annual maintenance charges rose to ₹180 crore, while interest income fell about 4% to ₹2,269 crore.The flat performance followed a 11.5% fall in revenue and a 23% drop in profit in FY25, when the impact of regulatory changes and weaker trading activity began showing in Zerodha's financials. In FY24, at the peak of the post-pandemic retail trading boom, the brokerage had reported revenue of ₹9,994 crore and net profit of ₹5,493 crore.Read more: Zerodha turns 16: Nithin Kamath says user additions slowing, MF business 'slipped up a little'Smaller rival Groww, by comparison, expanded both revenue and profit by about 14% in FY26. It reported revenue of ₹4,644 crore and net profit of ₹2,083 crore. Zerodha remains nearly twice as large on both measures, although Groww has widened its lead in active customers and had 13.12 million users as of July.
Zerodha's FY26 net profit rises 1.2% to Rs 4,283 crore amid revenue slowdown
Zerodha's net profit increased by 1.2 percent to ₹4,283 crore in FY26. Revenue remained largely unchanged from the previous year's ₹8,847 crore. Income from margin trading helped offset a slowdown in its core broking business. Smaller rival Groww expanded both revenue and profit by about 14 percent. Zerodha remains nearly twice as large on key financial measures.
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