Rating agency ICRA disclosed FY26 financial results for Zerodha Capital, the NBFC lending arm of the Zerodha Group, and the numbers stand out for a young lender.
Total income rose 44.2% to ₹53.5 crore, while net profit grew 20.5%. The active loan book expanded to ₹580 crore.
The standout figure is 0% Gross Non-Performing Assets (GNPAs). Zerodha Capital's core product is loans against securities—cash lent directly against stock and mutual fund holdings that borrowers already hold on the Zerodha platform.
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