India, June 17 -- Stockbroking platform Dhan parent Raise Securities' net profit for the fiscal year FY26 declined by 20% to Rs.325.8 Cr from Rs.408.1 Cr in FY25, as per ICRA's rating on the startup's commercial paper.

The fintech startup's profit declined despite a 14% uptick in its FY26 net operating income to Rs.904.9 Cr from Rs.794.8 income recorded in the previous fiscal year. Besides, its net worth at the end of the fiscal year zoomed 55% YoY to Rs.916.1 Cr

ICRA assigned a long-term rating of A+ with a stable outlook and reaffirmed the company's A1+ commercial paper rating. The rating highlighted that Raise Securities' has grown rapidly since launching its Dhan trading platform in November 2021.

In its rationale, ICRA said that R...