Zerodha’s net profit in FY24 grows by 62% to Rs 4,700 crore - The New Indian Express
19 October 2024
At a time when most new-age companies are struggling to turn profitable, stock broking platform Zerodha again stunned the market as it reported a staggering 62% rise in annual profit for the financial year 2023-24.
Zerodha’s profit came in at 4,700 crore in the financial year 2023-24 as against Rs 2,907 crore profit in FY23. The profits don’t include the Rs 1,000 crore of unrealised gain. The country’s leading stock broker’s revenue grew 21% to Rs 8,320 crore as against Rs 6,875 crore revenue in FY23.
At a time when most new-age companies are struggling to turn profitable, stock broking platform Zerodha again stunned the market as it reported a staggering 62% rise in annual profit for the financial year 2023-24. Zerodha’s profit came in at 4,700 crore in the financial year 2023-24 as against Rs 2,907 crore profit in FY23. The profits don’t include the Rs 1,000 crore of unrealised gain. The country’s leading stock broker’s revenue grew 21% to Rs 8,320 crore as against Rs 6,875 crore revenue in FY23.
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