6 days ago
Zerodha FY26 Revenue and Profit Remain Broadly Flat
Zerodha is a large company that helps people buy and sell investments.
In FY26, it made about Rs 8,500 crore in revenue and Rs 4,300 crore in profit.
These numbers were nearly the same as the year before.
The company said new rules made some types of trading less profitable.
Trading activity also declined after the Indian stock market peaked in September 2024.
Zerodha earns important revenue from options trading, which was affected by these changes.
Its leader, Nithin Kamath, said keeping the company small helps it act quickly.
He also said artificial intelligence is helping Zerodha improve its services.
The company is working on better services for non-resident Indians and US investing.
Zerodha reported approximately Rs 8,500 crore in revenue and Rs 4,300 crore in net profit for FY26.
Both figures were broadly similar to the company’s reported FY25 levels.
Nithin Kamath attributed muted growth to regulatory changes and declining market volumes after September 2024.
Higher securities transaction tax on options and fewer weekly expiries affected the futures and options business.
Zerodha said its lean structure and use of artificial intelligence helped it improve products and expand NRI and US investing services.
- Who
- Zerodha and its co-founder and CEO, Nithin Kamath.
- What
- Zerodha reported broadly flat FY26 revenue of approximately Rs 8,500 crore and net profit of approximately Rs 4,300 crore.
- Where
- India; the company is headquartered in Mumbai according to the article dateline.
- When
- FY26, compared with FY25; Kamath said market activity declined after September 2024.
- Why
- Regulatory changes affecting options trading and lower market volumes reduced revenue opportunities and limited growth.
Key facts
- FY26 revenue
- Approximately Rs 8,500 crore
- FY26 net profit
- Approximately Rs 4,300 crore
- Comparison with FY25
- Revenue and net profit were broadly similar
- Key affected segment
- Futures and options trading
- Regulatory changes
- Higher securities transaction tax on options and fewer weekly options expiries
- Market trend
- Indian equity-market activity moderated after peaking in September 2024
- Expansion efforts
- Zerodha said it improved NRI services and is expanding its US investing offering
Quotes
Nithin Kamath
Co-founder and CEO of Zerodha
“The last couple of years have been mixed for brokers. We had to take revenue hits because of regulatory changes, and then the Indian market peaked in September 2024. Volumes steadily declined after that, and growth has been muted.”
thehansindia.com
Sources
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