CoinSwitch turns profitable in FY26 on adjusted EBITDA as revenue jumps 150%
Crypto investing and trading platform CoinSwitch turned profitable on an adjusted EBITDA basis in FY26, delivering a sharp improvement in operating performance as revenue surged 150% year-on-year to Rs 324.19 crore.
Via YourStory
Adjusted EBITDA increased more than 50-fold to Rs 86.38 crore from Rs 1.65 crore in FY25, while the adjusted EBITDA margin expanded sharply to 27% from 1% in the previous fiscal.
According to the company, revenue growth significantly outpaced the expansion of its cost base. CoinSwitch’s revenue increased by Rs 194.49 crore during FY26, while operating costs rose by 37% to Rs 270.07 crore compared to the previous year.
Revenue grew more than four times faster than operating costs, creating…
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