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CoinSwitch Revenue Soars to Rs 324 Crore in FY26, Achieves Profitability
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News18•29-09-2026, 21:15
CoinSwitch Revenue Soars to Rs 324 Crore in FY26, Achieves Profitability
- •CoinSwitch reported a more than two-fold jump in revenue to Rs 324.19 crore in FY26, a 150 per cent increase from the previous fiscal's Rs 129.7 crore.
- •The company's revenue growth significantly outpaced the 37 per cent rise in operating costs, which stood at Rs 270.07 crore.
- •This strong revenue performance led CoinSwitch to turn profitable on an adjusted Ebitda basis in FY26.
- •Adjusted Ebitda surged multi-fold to Rs 86.38 crore from Rs 1.65 crore in FY25, with the margin expanding sharply to 27 per cent from 1 per cent.
- •CoinSwitch co-founder Ashish Singhal emphasized the company's stronger business foundation and confidence for future growth, attributing success to investments in technology, product, security, and customer experience while maintaining cost discipline.
Key Questions Answered
CoinSwitch reported a more than two-fold jump in revenue to Rs 324.19 crore in FY26, marking a 150 per cent increase from the preceding fiscal.
The company's revenue growth significantly outpaced the 37 per cent rise in operating costs, which stood at Rs 270.07 crore in the last fiscal.
The sharp improvement in revenue helped CoinSwitch turn profitable on an adjusted Ebitda basis, with adjusted Ebitda surging to Rs 86.38 crore and margins expanding to 27 per cent.
