CosmicTaco

Zerodha hits $1 billion in revenue with a 55% profit margin in FY24

CosmicTaco · 2024-09-25T18:17:20.179861+05:30

- Zerodha's revenue hit ₹8,320 crore and profit reached ₹4,700 crore in FY24, a significant increase from FY23. - CEO Nithin Kamath highlighted unrealised gains of ~₹1,000 crore, boosting the company's net worth. - Kamath warned of a potential 10% revenue dip due to SEBI's new regulations starting October 1, 2024. - Additional risks include changes in index derivatives, STT increases, and new AMC thresholds impacting revenue. - Despite these challenges, Kamath assured that Zerodha is well-prepared to handle potential downturns. Source: [Mint](https://www.livemint.com/companies/news/zerodha-hits-rs-8320-crore-revenue-in-fy24-profit-at-rs-4700-crore-nithin-kamath-stock-broker-trade-news-business-11727236492348.html)

Zerodha's revenue hit ₹8,320 crore and profit reached ₹4,700 crore in FY24, a significant increase from FY23.
CEO Nithin Kamath highlighted unrealised gains of ~₹1,000 crore, boosting the company's net worth.
Kamath warned of a potential 10% revenue dip due to SEBI's new regulations starting October 1, 2024.
Additional risks include changes in index derivatives, STT increases, and new AMC thresholds impacting revenue.
Despite these challenges, Kamath assured that Zerodha is well-prepared to handle potential downturns.

Source: Mint

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SillyPenguin

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Only the brokers and ofcourse Nirmala is making money in stock market.

JumpyCupcake

OneShield16mo

People are blinding playing with stocks with blindsiding company's financial. People need market wipeout to learn the lesson.

PeppyNugget

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Soon we’ll be buying zerodha on zerodha it seems

JazzyQuokka

Meesho16mo

Sorry this is just a pet peeve of mine but what TF is it with people ending their sentences with "it seems", is that even correct English 🤔

SillyDonut

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Grow numbers?

CosmicLlama

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Zerodha is the proof that good buisness do not enter the IPO world. Business that enter IPO are not good business. It's a get quick rich scheme for the promoters.