CoinSwitch turns profitable in FY26 as revenue jumps 150%
In short
CoinSwitch said it became profitable on an Adjusted EBITDA basis in FY26. Revenue rose 150% to Rs 324.19 crore, while operating costs went up 37%.
The company said the gains came from better operating leverage and a larger user base. It is not stated whether this means net profit or how long the improvement will last.
What the reporting says
CoinSwitch reported profitability on an Adjusted EBITDA basis in FY26 as revenue rose 150% to Rs 324.19 crore, according to a publisher-supplied summary. The company also said operating costs increased 37% and that the stronger margin came from improved operating leverage. It now serves over 2 crore users and supports more than 450 digital assets, but the reporting does not say whether the profitability was net profit or how sustainable the trend is.
Why it matters
CoinSwitch said it reached Adjusted EBITDA profitability in FY26 as revenue climbed to Rs 324.19 crore and operating costs rose 37%. The publisher-supplied summary says the crypto platform now serves over 2 crore users and supports more than 450 digital assets. The immediate takeaway is improved operating leverage, but the reporting does not give net profit, filing details, or whether the result is sustainable.