Zerodha Capital, the lending arm of the Zerodha Group, reported a 44.2% year-on-year increase in total income to Rs 53.5 crore in FY26, while its net profit grew 20.5% to Rs 14.7 crore, driven by the rapid expansion of its loan-against-securities (LAS) business, according to a recent ICRA disclosure. The Bengaluru-based non-banking finance company (NBFC) posted a net profit of Rs 14.7 crore in FY26, compared to Rs 12.2 crore in the previous fiscal year. Its total income grew 44.2% to Rs 53.5 crore from Rs 37.1 crore in FY25.

The growth was supported by a sharp expansion in its lending portfolio, with Zerodha Capital’s loan book rising to Rs 580 crore as of March 31, 2026, as the company continued to leverage Zerodha’s large broking customer base. ICRA reaffirmed the company’s long-term and short-term ratings at [ICRA]AA- (Stable) and [ICRA]A1+, respectively, while enhancing the rated amount of its fund-based bank facilities from Rs 600 crore to Rs 900 crore. The agency also withdrew its rating on the company’s Rs 100 crore non-convertible debenture programme as no amount remains outstanding under the facility.

About Zerodha Capital

Zerodha Capital had been founded by Nithin Kamath and Nikhil Kamath. Zerodha capital is lending arm of the Zerodha ecosystem, Zerodha Capital offers loans against shares and mutual funds with ticket sizes ranging from Rs 25,000 to Rs 10 crore. The company primarily caters to customers within the group’s brokerage network.