Aditya Birla Money Q4 FY26 Results: Standalone PAT More Than Doubles to ₹18.73 Crore (+101%), Revenue Up 30.5% — Strong Q4 Recovery

Mon Apr 20 2026

Aditya Birla Money Limited — the stockbroking and wealth management subsidiary of the Aditya Birla Group — reported a strong Q4 FY26 performance on April 17, 2026. Standalone net profit more than doubled to ₹18.73 crore — a 100.75% year-on-year surge from ₹9.33 crore in Q4 FY25. Revenue from operations grew 30.5% to ₹129.80 crore from ₹99.46 crore in the year-ago quarter. The Q4 result reflects the recovery in equity market volumes and F&O trading activity in the January–March 2026 quarter.

For the full financial year FY26, the picture is more nuanced. Annual revenue grew modestly by 3.4% to ₹468.59 crore, while full-year PAT declined 21.2% to ₹58.48 crore from ₹74.19 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–November 2025 correction.

Get broking sector research on Univest.

Table of Contents

Aditya Birla Money Q4 FY26 Financial Results

Metric	Q3 FY26	Q4 FY25 (Base)	Q4 FY26 (Actual)
Revenue (Standalone)	₹117 Cr	₹99.46 Cr	₹129.80 Cr (+30.5% YoY)
Net Profit (PAT)	₹12 Cr	₹9.33 Cr	₹18.73 Cr (+100.75% YoY)
FY26 Full-Year Revenue	—	₹453.15 Cr (FY25)	₹468.59 Cr (+3.4% YoY)
FY26 Full-Year PAT	—	₹74.19 Cr (FY25)	₹58.48 Cr (−21.2% YoY)
Market Cap	—	—	₹754 Crore
Dividend	—	—	Nil FY26

Source: Capital Market News via Wiretel, BSE/NSE regulatory filings, April 17–18, 2026.

Q4 Recovery: The Market Volumes Story

The Q4 FY26 PAT doubling from ₹9.33 crore to ₹18.73 crore is driven primarily by volume recovery in equity markets during January–March 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&O trading volumes — which provide the most direct income for broking firms — recovered from the subdued levels of Q3 FY26, driving both transaction commissions and option premium-linked revenue.

Aditya Birla Money’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 — leveraging the Aditya Birla group’s brand, the Bajaj Finserv partnership, and a growing wealth management platform — differentiates it from pure-play discount brokers.

Screen Aditya Birla Money fundamentals on Univest Screener.

FY26 Full-Year Context: High Base, Margin Pressure

The 21.2% FY26 annual PAT decline from ₹74.19 crore to ₹58.48 crore reflects two dynamics. First, the FY25 base was exceptionally strong — the bull market of FY25 drove exceptional volumes and profitability. Second, FY26 saw sustained market volatility and regulatory changes in the F&O segment (SEBI tightened lot sizes and expiry structures in October 2025) that reduced retail F&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.

Conclusion

Aditya Birla Money’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–March 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’s near-term trajectory looks more constructive than FY26’s annual numbers suggest.

For more Q4 FY26 results analysis, visit Univest Blogs.

Frequently Asked Questions

1. What was Aditya Birla Money’s Q4 FY26 standalone PAT?

Aditya Birla Money reported standalone Q4 FY26 net profit of ₹18.73 crore — up 100.75% year-on-year from ₹9.33 crore in Q4 FY25. Revenue rose 30.5% to ₹129.80 crore.

2. Why did Aditya Birla Money’s FY26 annual PAT decline?

FY26 full-year PAT declined 21.2% to ₹58.48 crore from ₹74.19 crore in FY25. This reflects the high base of FY25 (peak bull market), combined with FY26 market volatility, SEBI F&O lot size changes in October 2025 reducing retail volumes, and margin pressure in the first three quarters.

3. What is Aditya Birla Money’s business model?

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.

4. Did Aditya Birla Money declare a dividend?

No dividend was declared for FY26. The company has historically not paid dividends, reinvesting earnings in platform development and business growth.

5. What drove the Q4 FY26 recovery?

The Q4 FY26 PAT recovery was driven by higher equity market trading volumes in January–March 2026, partial recovery of F&O volumes post-SEBI lot size changes, and revenue from wealth management and mutual fund distribution growing with improving AUM.

6. How does Aditya Birla Money compare to Angel One?

Angel One reported Q4 FY26 PAT of ₹320.24 crore on revenue of ₹1,467.2 crore — significantly larger than Aditya Birla Money’s ₹18.73 crore PAT on ₹129.80 crore revenue. Angel One benefits from a much larger client base (37.39 million) and lower cost structure as a pure-play discount broker.

7. When do TCS and Infosys announce Q4 results 2026?

TCS declared Q4 FY26 results on April 9, 2026. Infosys declares Q4 FY26 results on April 23, 2026. HDFC Bank reported on April 18, 2026.

8. Is Aditya Birla Money a good investment?

At ~₹754 crore market cap and ₹58.48 crore FY26 PAT, the stock trades at approximately 13x trailing earnings — 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.

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.