Zerodha Capital reported a 20% rise in profit to ₹14.7 crore in FY26, as the brokerage giant’s lending arm continues to quietly expand its credit business.
While most people associate Zerodha with stock trading, one of its lesser-known businesses is steadily making money.
Zerodha Capital, the lending arm of the Bengaluru-based brokerage, reported a 20% jump in net profit to ₹14.7 crore in FY26, highlighting the growing importance of its credit business. The company also saw its operating revenue rise during the year, supported by a larger loan book and increasing demand for loans against securities.
Unlike flashy fintechs chasing rapid expansion, Zerodha Capital has taken a measured approach. Its business revolves around offering loans backed by stocks, mutual funds, and other financial assets, allowing investors to unlock liquidity without selling their holdings.
That strategy appears to be paying off.
The NBFC has steadily expanded its portfolio over the past few years, leveraging Zerodha's vast customer base and maintaining a relatively conservative lending model. The focus has been less on aggressive growth and more on building a sustainable and profitable business.
The latest numbers come at a time when many fintech lenders are navigating a tougher regulatory environment and slowing funding markets. Against that backdrop, Zerodha Capital's performance underscores the advantage of operating with patience and discipline.
For Zerodha, the message is becoming increasingly clear: the future of the company isn't just about broking. Quietly, and without much fanfare, its lending business is emerging as another meaningful growth engine.
And if the latest numbers are any indication, that engine is only gathering pace.
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