IPO-bound StockGro more than triples FY26 profit to Rs 113 Cr as subscription revenue doubles

StockGro, the Bengaluru-based stock market research and advisory platform run by AssetGro Fintech, reported a profit after tax of Rs 112.96 Cr for FY26, more than three times the Rs 34.64 Cr it made in FY25, according to financial statements filed with the Ministry of Corporate Affairs and reported by PTI and Inc42. Revenue from operations nearly doubled to Rs 226.14 Cr from Rs 113.33 Cr.

The headline profit needs one footnote. Profit before tax was about Rs 99 Cr, up from Rs 35.9 Cr, and a deferred tax credit of about Rs 15.9 Cr, partly offset by a current tax expense of Rs 1.9 Cr, pushed the after-tax number higher, Inc42 reported. A deferred tax credit is an accounting gain that reflects tax the company expects to save in future years, not cash earned from customers.

The business itself is almost entirely subscriptions. PTI said subscription fees brought in about Rs 225.94 Cr, nearly all of operating revenue, and Inc42 put the share at 99.9%. Total expenses rose about 47% to roughly Rs 132 Cr from Rs 89.6 Cr, with employee costs the largest item at Rs 65.8 Cr, up 96%. Net cash generated from operating activities rose to Rs 178.43 Cr from Rs 73.64 Cr, according to PTI.

StockGro offers investment research, strategy building tools and access to more than 150 SEBI-registered research analysts, along with an AI research assistant called Stoxo, and says it has more than 35 million users. Inc42 reported that it recently raised Rs 110 Cr in an ongoing Series B round from BITKRAFT Ventures, Aditum Venture Capital Fund, India SME Growth Fund and actor Suniel Shetty.

The numbers arrive as the company heads for the stock market. AssetGro Fintech pre-filed draft IPO papers with SEBI in September through the confidential route, which lets a company keep its draft offer document private until the review is further along. People familiar with the matter have pegged the issue at Rs 2,000 Cr to Rs 2,500 Cr, PTI reported.