IPO-Bound StockGro’s FY26 Profit Jumps 3.3X YoY To ₹113 Cr, Revenue Doubles

StockGro-parent AssetGro Fintech Ltd net profit for the fiscal year FY26 jumped threefold while its operating revenue doubled year-on-year. 

The company, which filed for an IPO confidentially earlier this month,net profit surged 226.6% to ₹113 Cr during the reported year, compared to ₹34.6 Cr in FY25, according to its consolidated financial statement.

It reported a profit before tax (PBT) of ₹99 Cr in the fiscal, up from ₹35.9 Cr in FY25. However, it reported a net tax credit of ₹14 Cr, comprising a deferred tax credit of ₹15.9 Cr and a current tax expense of ₹1.9 Cr. This catapulted its profit after tax to ₹113 Cr.

The IPO-bound company reported an operating revenue of ₹226.1 Cr in the fiscal, about double of ₹113.3 Cr in the previous year.

A majority of 99.9% of its operating revenue comes from subscription fees and the remaining is from service fees.

Including other income of ₹4.8 Cr, the company’s total income stood at ₹230.9 Cr in FY26, compared to ₹125.5 Cr a year earlier.

AssetGro’s EBITDA stood at approximately ₹118.7 Cr in FY26, compared to ₹59.5 Cr a year ago, marking a growth of around 99.3%.

The growth comes amid India’s expanding retail investment ecosystem, which reached 13.66 Cr unique NSE-registered investors as of September, the company said. This presents StockGro with opportunities to expand its user base while increasing paid subscription adoption among existing users.

Incorporated in 2020, StockGro operates a platform that allows users to research, learn and invest in stocks and alternative assets. The platform combines market research with a social layer, allowing users to track stocks, study portfolios, follow other investors and interact with market experts. 

It also offers users research and trade ideas from SEBI-registered analysts, along with tools for deeper analysis. Its AI-powered research assistant Stoxo helps users analyse stocks, markets, mutual funds and other investment themes.

The investment advisory company pre-filed its draft red herring prospectus (DRHP) with the SEBI back in September. StockGro is looking to raise up to ₹2,000-2,500 Cr via the IPO, which could include a fresh issue of around ₹800 Cr and an offer for sale (OFS) by existing shareholders. 

Recently, StockGro raised ₹110 Cr (around $10.4 Mn) as a part of its ongoing Series B round, from existing investor BITKRAFT Ventures, along with Aditum Venture Capital Fund, India SME Growth Fund, and actor Suniel Shetty.

Magnifying StockGro’s FY26 Expenses

On the expenditure front, the company’s total expenses increased 47.3% to ₹132 Cr in FY26 from ₹89.6 Cr in the previous fiscal. Here is a breakdown of the total expenses:

• Employee Benefit Expenses: Constituting half of the total expenses, employee expenses emerged as the largest cost component, increasing 96.3% to ₹65.8 Cr in FY26 from ₹33.5 Cr in the previous fiscal.
• Technology Charges: Spending under this head rose 34.6% to ₹17.9 Cr in the year under review, compared to ₹13.3 Cr in FY25.
• Media And Advertising: Costs under this category stood at ₹23.2 Cr in FY26, marking a 61.1% increase from ₹14.4 Cr a year ago.

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