BusinessPhoto: Mint CompaniesInterest Income Makes Up 32% of Zerodha's FY26 Revenue
Zerodha reported that interest income accounted for 32% of its revenue in FY26, while the share from broking dropped to 44% from 70% in FY21. Its margin trading facility (MTF) loan book expanded over six times to ₹5,368 crore by June 2026. ICRA noted Zerodha's strong capitalisation but highlighted risks from volatile capital markets and lending exposure.
Mint Companies·



