StockGro, the social investing and market-research platform, has turned in its strongest year yet ahead of a planned stock market listing. Parent company AssetGro Fintech Ltd reported a consolidated net profit of ₹113 crore for FY26, up 226.6% from ₹34.6 crore in FY25, while operating revenue doubled to ₹226.1 crore from ₹113.3 crore.
The numbers, drawn from the company’s consolidated financial statements as reported by Inc42, arrive weeks after StockGro confidentially pre-filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).
How StockGro Grew Its FY26 Profit
Profit before tax rose to ₹99 crore in FY26 from ₹35.9 crore a year earlier. A net tax credit of ₹14 crore, made up of a ₹15.9 crore deferred tax credit and ₹1.9 crore of current tax expense, lifted profit after tax to ₹113 crore.
- Operating revenue: ₹226.1 crore, roughly double the ₹113.3 crore of FY25
- Revenue mix: 99.9% from subscription fees, the rest from service fees
- Total income: ₹230.9 crore including ₹4.8 crore of other income, against ₹125.5 crore in FY25
- EBITDA: about ₹118.7 crore, up around 99% from ₹59.5 crore
Total expenses rose 47.3% to ₹132 crore. Employee costs, about half of the total, nearly doubled to ₹65.8 crore. Media and advertising spend climbed 61.1% to ₹23.2 crore, and technology charges rose 34.6% to ₹17.9 crore.
A Subscription Model Riding India’s Retail Investor Boom
Founded in 2020 by Ajay Lakhotia, StockGro lets users research, learn about and invest in stocks and alternative assets. It pairs market research with a social layer where users can track stocks, study portfolios, follow other investors and interact with market experts. Paid users get research and trade ideas from SEBI-registered analysts, and the platform’s AI research assistant, Stoxo, helps analyse stocks, mutual funds and broader market themes.
The company is betting on the depth of India’s retail investing wave. It pointed to 13.66 crore unique investors registered with the NSE as of September as the pool from which it aims to grow users and convert more of them into paying subscribers.
What the IPO Plan Looks Like
StockGro pre-filed its DRHP with SEBI in September through the confidential route. Media reports indicate the company could raise ₹2,000 crore to ₹2,500 crore, potentially including a fresh issue of around ₹800 crore and an offer for sale by existing shareholders. The final issue size and valuation have not been announced.
Earlier, StockGro raised ₹110 crore (about $10.4 million) in its ongoing Series B round from existing investor BITKRAFT Ventures, along with Aditum Venture Capital Fund, India SME Growth Fund and actor Suniel Shetty.
Why It Matters for India’s Fintech Sector
For investment-tech platforms heading to public markets, StockGro’s FY26 results make a clear case: a subscription-led model that is profitable at the operating level, rather than one dependent on broking or float income. With investors increasingly rewarding profitability and capital efficiency over headline growth, the filing will be closely watched as a test of how public markets value research-and-advisory fintechs. Readers can follow more of India’s fintech IPO pipeline in our coverage of the ₹33,600-crore fintech IPO pipeline and how Indian retail investors are expanding into US stocks.
Key Takeaways
- StockGro parent AssetGro Fintech posted FY26 net profit of ₹113 crore, up 226.6% year on year.
- Operating revenue doubled to ₹226.1 crore, almost entirely from subscriptions.
- EBITDA nearly doubled to about ₹118.7 crore.
- The company has confidentially pre-filed for an IPO that reports peg at ₹2,000 crore to ₹2,500 crore.
Frequently Asked Questions
What was StockGro’s FY26 net profit?
StockGro’s parent AssetGro Fintech reported a consolidated net profit of ₹113 crore in FY26, compared with ₹34.6 crore in FY25.
How does StockGro make money?
Almost all of its operating revenue, 99.9%, comes from subscription fees for research, trade ideas and tools; the rest comes from service fees.
Is StockGro going public?
Yes. It confidentially pre-filed its DRHP with SEBI in September, and reports suggest an issue of ₹2,000 crore to ₹2,500 crore.
