Zerodha, India’s largest stockbroking platform, has recorded a remarkable 62% growth in its profit for FY24, reaching ₹4,700 crore. The company also reported a 21% increase in revenue, taking the total to ₹8,320 crore during the fiscal year. This financial performance cements Zerodha’s position as a leader in the Indian fintech industry.
Profit:Zerodha’s profit grew by 62% to Rs 4,700 crore in FY24.This marks a significant increase from the previous year’s profit of Rs 2,900 crore.
Revenue:Zerodha’s revenue grew by 21% to Rs 8,320 crore in FY24.This is up from Rs 6,870 crore in FY23.
Overall Performance:
Zerodha’s strong financial performance in FY24 highlights its continued growth and success in the Indian broking industry.
The company’s ability to increase both its revenue and profit demonstrates its ability to attract and retain customers, as well as its efficient operations.
Additional Details:
Zerodha’s profit margin increased from 42% in FY23 to 56% in FY24.
The company’s employee count increased by 20% to 3,000 in FY24.
Zerodha has been investing in technology and product development to drive its growth.