Dhan's Revenue Skyrockets 600%, Reports Maiden Profits of Rs 155 Crore in FY24

• Stockbroking startup Dhan reported a 600% increase in gross revenues, reaching Rs 380 crore in FY24.
• The company also reported a net profit of Rs 155 crore, a significant turnaround from the net loss of Rs 22 crore in the previous fiscal.
• Dhan is currently in talks to raise fresh capital of around $100 million.
• The company's growth reflects the overall expansion of the equity trading market and the rise of new-age discount brokers.
• Despite regulatory challenges, Dhan is diversifying its offerings to maintain its revenue streams.

Source: Economic Times