{"id":73841,"date":"2026-04-20T11:36:57","date_gmt":"2026-04-20T06:06:57","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=73841"},"modified":"2026-04-20T11:36:59","modified_gmt":"2026-04-20T06:06:59","slug":"aditya-birla-money-q4-fy26-results-pat-doubles-18-crore-revenue-130-crore","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/aditya-birla-money-q4-fy26-results-pat-doubles-18-crore-revenue-130-crore\/","title":{"rendered":"Aditya Birla Money Q4 FY26 Results: Standalone PAT More Than Doubles to \u20b918.73 Crore (+101%), Revenue Up 30.5% \u2014 Strong Q4 Recovery"},"content":{"rendered":"<p>Aditya Birla Money Limited \u2014 the stockbroking and wealth management subsidiary of the Aditya Birla Group \u2014 reported a strong Q4 FY26 performance on April 17, 2026. Standalone net profit more than doubled to \u20b918.73 crore \u2014 a 100.75% year-on-year surge from \u20b99.33 crore in Q4 FY25. Revenue from operations grew 30.5% to \u20b9129.80 crore from \u20b999.46 crore in the year-ago quarter. The Q4 result reflects the recovery in equity market volumes and F&amp;O trading activity in the January\u2013March 2026 quarter.<\/p><p>For the full financial year FY26, the picture is more nuanced. Annual revenue grew modestly by 3.4% to \u20b9468.59 crore, while full-year PAT declined 21.2% to \u20b958.48 crore from \u20b974.19 crore in FY25. The FY26 annual PAT decline reflects the high profitability base set in FY25, when elevated equity market volumes and bull market sentiment boosted broking revenue across the sector, combined with margin pressure in the first three quarters of FY26 as market activity normalised post the October\u2013November 2025 correction.<\/p><p>Get broking sector research on <a href=\"https:\/\/univest.in\/user\/log-in\">Univest<\/a>.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-money-q4-fy26-results-pat-doubles-18-crore-revenue-130-crore\/#Aditya_Birla_Money_Q4_FY26_Financial_Results\" title=\"Aditya Birla Money Q4 FY26 Financial Results\">Aditya Birla Money Q4 FY26 Financial Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-money-q4-fy26-results-pat-doubles-18-crore-revenue-130-crore\/#Q4_Recovery_The_Market_Volumes_Story\" title=\"Q4 Recovery: The Market Volumes Story\">Q4 Recovery: The Market Volumes Story<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-money-q4-fy26-results-pat-doubles-18-crore-revenue-130-crore\/#FY26_Full-Year_Context_High_Base_Margin_Pressure\" title=\"FY26 Full-Year Context: High Base, Margin Pressure\">FY26 Full-Year Context: High Base, Margin Pressure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-money-q4-fy26-results-pat-doubles-18-crore-revenue-130-crore\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-money-q4-fy26-results-pat-doubles-18-crore-revenue-130-crore\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-money-q4-fy26-results-pat-doubles-18-crore-revenue-130-crore\/#1_What_was_Aditya_Birla_Moneys_Q4_FY26_standalone_PAT\" title=\"1. What was Aditya Birla Money&#8217;s Q4 FY26 standalone PAT?\">1. What was Aditya Birla Money&#8217;s Q4 FY26 standalone PAT?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-money-q4-fy26-results-pat-doubles-18-crore-revenue-130-crore\/#2_Why_did_Aditya_Birla_Moneys_FY26_annual_PAT_decline\" title=\"2. Why did Aditya Birla Money&#8217;s FY26 annual PAT decline?\">2. Why did Aditya Birla Money&#8217;s FY26 annual PAT decline?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-money-q4-fy26-results-pat-doubles-18-crore-revenue-130-crore\/#3_What_is_Aditya_Birla_Moneys_business_model\" title=\"3. What is Aditya Birla Money&#8217;s business model?\">3. What is Aditya Birla Money&#8217;s business model?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-money-q4-fy26-results-pat-doubles-18-crore-revenue-130-crore\/#4_Did_Aditya_Birla_Money_declare_a_dividend\" title=\"4. Did Aditya Birla Money declare a dividend?\">4. Did Aditya Birla Money declare a dividend?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-money-q4-fy26-results-pat-doubles-18-crore-revenue-130-crore\/#5_What_drove_the_Q4_FY26_recovery\" title=\"5. What drove the Q4 FY26 recovery?\">5. What drove the Q4 FY26 recovery?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-money-q4-fy26-results-pat-doubles-18-crore-revenue-130-crore\/#6_How_does_Aditya_Birla_Money_compare_to_Angel_One\" title=\"6. How does Aditya Birla Money compare to Angel One?\">6. How does Aditya Birla Money compare to Angel One?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-money-q4-fy26-results-pat-doubles-18-crore-revenue-130-crore\/#7_When_do_TCS_and_Infosys_announce_Q4_results_2026\" title=\"7. When do TCS and Infosys announce Q4 results 2026?\">7. When do TCS and Infosys announce Q4 results 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-money-q4-fy26-results-pat-doubles-18-crore-revenue-130-crore\/#8_Is_Aditya_Birla_Money_a_good_investment\" title=\"8. Is Aditya Birla Money a good investment?\">8. Is Aditya Birla Money a good investment?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-money-q4-fy26-results-pat-doubles-18-crore-revenue-130-crore\/#Recent_Article\" title=\"Recent Article\">Recent Article<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Aditya_Birla_Money_Q4_FY26_Financial_Results\"><\/span><strong>Aditya Birla Money Q4 FY26 Financial Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Metric<\/strong><\/td><td><strong>Q3 FY26<\/strong><\/td><td><strong>Q4 FY25 (Base)<\/strong><\/td><td><strong>Q4 FY26 (Actual)<\/strong><\/td><\/tr><tr><td>Revenue (Standalone)<\/td><td>\u20b9117 Cr<\/td><td>\u20b999.46 Cr<\/td><td>\u20b9129.80 Cr (+30.5% YoY)<\/td><\/tr><tr><td>Net Profit (PAT)<\/td><td>\u20b912 Cr<\/td><td>\u20b99.33 Cr<\/td><td>\u20b918.73 Cr (+100.75% YoY)<\/td><\/tr><tr><td>FY26 Full-Year Revenue<\/td><td>\u2014<\/td><td>\u20b9453.15 Cr (FY25)<\/td><td>\u20b9468.59 Cr (+3.4% YoY)<\/td><\/tr><tr><td>FY26 Full-Year PAT<\/td><td>\u2014<\/td><td>\u20b974.19 Cr (FY25)<\/td><td>\u20b958.48 Cr (\u221221.2% YoY)<\/td><\/tr><tr><td>Market Cap<\/td><td>\u2014<\/td><td>\u2014<\/td><td>\u20b9754 Crore<\/td><\/tr><tr><td>Dividend<\/td><td>\u2014<\/td><td>\u2014<\/td><td>Nil FY26<\/td><\/tr><\/tbody><\/table><\/figure><p>Source: Capital Market News via Wiretel, BSE\/NSE regulatory filings, April 17\u201318, 2026.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q4_Recovery_The_Market_Volumes_Story\"><\/span><strong>Q4 Recovery: The Market Volumes Story<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The Q4 FY26 PAT doubling from \u20b99.33 crore to \u20b918.73 crore is driven primarily by volume recovery in equity markets during January\u2013March 2026. The Nifty 50, which had corrected approximately 15% from its September 2025 peak to March 2026 lows, saw a partial recovery toward 24,000+ in the quarter. F&amp;O trading volumes \u2014 which provide the most direct income for broking firms \u2014 recovered from the subdued levels of Q3 FY26, driving both transaction commissions and option premium-linked revenue.<\/p><p>Aditya Birla Money&#8217;s 30.5% revenue growth in Q4 against the sector context is healthy. The company competes with discount brokers like Zerodha, Groww, and Angel One, as well as full-service peers like ICICI Securities. Its positioning \u2014 leveraging the Aditya Birla group&#8217;s brand, the Bajaj Finserv partnership, and a growing wealth management platform \u2014 differentiates it from pure-play discount brokers.<\/p><p>Screen Aditya Birla Money fundamentals on <a href=\"https:\/\/univest.in\/screeners\">Univest Screener<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FY26_Full-Year_Context_High_Base_Margin_Pressure\"><\/span><strong>FY26 Full-Year Context: High Base, Margin Pressure<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The 21.2% FY26 annual PAT decline from \u20b974.19 crore to \u20b958.48 crore reflects two dynamics. First, the FY25 base was exceptionally strong \u2014 the bull market of FY25 drove exceptional volumes and profitability. Second, FY26 saw sustained market volatility and regulatory changes in the F&amp;O segment (SEBI tightened lot sizes and expiry structures in October 2025) that reduced retail F&amp;O participation and broking revenue industry-wide. Aditya Birla Money was not immune to these structural headwinds. The Q4 FY26 recovery suggests normalization is underway.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Aditya Birla Money&#8217;s Q4 FY26 results confirm a meaningful sequential and year-on-year recovery in the broking business as equity market volumes improved in the January\u2013March quarter. The 101% PAT growth in Q4 is an impressive rebound. The FY26 annual PAT decline versus FY25 is a sector-wide phenomenon rather than a company-specific issue. With market volumes expected to remain healthy in FY27 and the wealth management segment growing, Aditya Birla Money&#8217;s near-term trajectory looks more constructive than FY26&#8217;s annual numbers suggest.<\/p><p>For more Q4 FY26 results analysis, visit <a href=\"https:\/\/univest.in\/blogs\">Univest Blogs<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_What_was_Aditya_Birla_Moneys_Q4_FY26_standalone_PAT\"><\/span><strong>1. What was Aditya Birla Money&#8217;s Q4 FY26 standalone PAT?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Aditya Birla Money reported standalone Q4 FY26 net profit of \u20b918.73 crore \u2014 up 100.75% year-on-year from \u20b99.33 crore in Q4 FY25. Revenue rose 30.5% to \u20b9129.80 crore.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Why_did_Aditya_Birla_Moneys_FY26_annual_PAT_decline\"><\/span><strong>2. Why did Aditya Birla Money&#8217;s FY26 annual PAT decline?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>FY26 full-year PAT declined 21.2% to \u20b958.48 crore from \u20b974.19 crore in FY25. This reflects the high base of FY25 (peak bull market), combined with FY26 market volatility, SEBI F&amp;O lot size changes in October 2025 reducing retail volumes, and margin pressure in the first three quarters.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_What_is_Aditya_Birla_Moneys_business_model\"><\/span><strong>3. What is Aditya Birla Money&#8217;s business model?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Aditya Birla Money provides equity and derivatives broking, mutual fund distribution, wealth management, and investment advisory services. It operates as part of the Aditya Birla Financial Services group and leverages the Aditya Birla brand and Bajaj Finserv distribution partnerships.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Did_Aditya_Birla_Money_declare_a_dividend\"><\/span><strong>4. Did Aditya Birla Money declare a dividend?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>No dividend was declared for FY26. The company has historically not paid dividends, reinvesting earnings in platform development and business growth.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_What_drove_the_Q4_FY26_recovery\"><\/span><strong>5. What drove the Q4 FY26 recovery?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The Q4 FY26 PAT recovery was driven by higher equity market trading volumes in January\u2013March 2026, partial recovery of F&amp;O volumes post-SEBI lot size changes, and revenue from wealth management and mutual fund distribution growing with improving AUM.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_How_does_Aditya_Birla_Money_compare_to_Angel_One\"><\/span><strong>6. How does Aditya Birla Money compare to Angel One?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Angel One reported Q4 FY26 PAT of \u20b9320.24 crore on revenue of \u20b91,467.2 crore \u2014 significantly larger than Aditya Birla Money&#8217;s \u20b918.73 crore PAT on \u20b9129.80 crore revenue. Angel One benefits from a much larger client base (37.39 million) and lower cost structure as a pure-play discount broker.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"7_When_do_TCS_and_Infosys_announce_Q4_results_2026\"><\/span><strong>7. When do TCS and Infosys announce Q4 results 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p><a href=\"https:\/\/univest.in\/blogs\/tcs-q4-results-2026-date-preview\">TCS declared Q4 FY26 results on April 9, 2026<\/a>. <a href=\"https:\/\/univest.in\/blogs\/infosys-q4-results-2026-date-preview\">Infosys declares Q4 FY26 results on April 23, 2026<\/a>. HDFC Bank reported on April 18, 2026.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"8_Is_Aditya_Birla_Money_a_good_investment\"><\/span><strong>8. Is Aditya Birla Money a good investment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>At ~\u20b9754 crore market cap and \u20b958.48 crore FY26 PAT, the stock trades at approximately 13x trailing earnings \u2014 cheaper than peers like Angel One (~33x). The Q4 FY26 recovery is encouraging. Key risks are market volume cyclicality and competition from discount brokers. Consult a SEBI-registered financial advisor before investing.<\/p><p>Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data is sourced from publicly available NSE\/BSE filings and company investor relations pages. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Article\"><\/span><strong>Recent Article<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/natural-capsules-q4-results-2026\">Natural Capsules Q4 Results 2026: Date, Revenue, PAT &amp; Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/national-fertilizers-q4-results-2026\">National Fertilizers Q4 Results 2026: Date, Revenue, PAT &amp; Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/national-aluminium-company-q4-results-2026\">National Aluminium Company Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/nath-bio-genes-india-q4-results-2026\">Nath Bio-Genes (India) Q4 Results 2026: Date, Revenue, PAT &amp; Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/narmada-agrobase-q4-results-2026\">Narmada Agrobase Q4 Results 2026: Date, Revenue, PAT &amp; Analyst Outlook<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Aditya Birla Money Limited \u2014 the stockbroking and wealth management subsidiary of the Aditya Birla Group \u2014 reported a strong Q4 FY26 performance on April 17, 2026. Standalone net profit more than doubled to \u20b918.73 crore \u2014 a 100.75% year-on-year surge from \u20b99.33 crore in Q4 FY25. Revenue from operations grew 30.5% to \u20b9129.80 crore<\/p>\n","protected":false},"author":23,"featured_media":73845,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[4027],"class_list":["post-73841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-q4-fy26-results"],"metadata":{"_edit_lock":["1776665248:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_primary_category":["842"],"rank_math_seo_score":["67"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"],"rank_math_title":["Aditya Birla Money Q4 FY26 Results: PAT Doubles to \u20b918.73 Crore, Revenue +30.5%, FY26 Annual PAT \u20b958.48 Crore"],"rank_math_description":["Aditya Birla Money Q4 FY26 results: standalone PAT \u20b918.73 Cr (+100.75% YoY), revenue \u20b9129.80 Cr (+30.5% YoY), FY26 PAT \u20b958.48 Cr (\u219321% vs FY25 due to high base). Full analysis."],"rank_math_focus_keyword":["Aditya Birla Money Q4 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