IPO-bound StockGro's profit jumps 3-fold to Rs 113 cr in FY26 on strong revenue growth

The FY26 profit includes a deferred tax credit of around Rs 15.94 crore.

In comparison, the company had posted a profit after tax of Rs 34.64 crore in FY25.

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The Bengaluru-based company's revenue from operations nearly doubled to Rs 226.14 crore in FY26 from Rs 113.33 crore in the preceding fiscal.

Total expenses increased 47.2 per cent to Rs 131.97 crore from Rs 89.64 crore.

Subscription fees contributed approximately Rs 225.94 crore, or nearly all of FY26 operating revenue, highlighting the company's dependence on its subscription-led business model.

The company also reported an increase in net cash generation from operating activities to Rs 178.43 crore in FY26, compared with Rs 73.64 crore in the previous year.

The firm is preparing for a stock market debut as AssetGro Fintech filed preliminary papers with market regulator Sebi in September to raise funds through an initial public offering (IPO) using the confidential route, and people familiar with the matter pegged the IPO size at Rs 2,000-2,500 crore.

Under the confidential pre-filing route, companies can keep their draft offer documents out of the public domain until the regulatory review process reaches a more advanced stage.

StockGro offers investment research, strategy-building tools and access to more than 150 Sebi-registered research analysts, along with artificial intelligence-powered capabilities, including Stoxo. The platform claims to have a user base of over 35 million.

The company's growth comes amid an expanding retail investment ecosystem in India. The number of unique investors registered with the National Stock Exchange stood at 13.66 crore as of September 2026.