Upstox not in a hurry for IPO, targets 2.3x jump in FY26 profit to Rs 500 crore

Upstox is prioritizing profitability and diversification over an immediate IPO, aiming for a 2.3x profit jump to ₹500 crore by FY26. The brokerage is expanding into commodities, MTF, and mutual funds to offset regulatory impacts and build resilience in a challenging market environment.

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