Grapevine
Download
News Discussion
News Discussion
on
CosmicTaco
CosmicTaco
Grapevine

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

  • 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

Post image
3mo ago
10Kviews
Find out if you are being paid fairly.Download Grapevine
SillyPenguin
SillyPenguin
Salesforce3mo

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

JumpyCupcake
JumpyCupcake
OneShield3mo

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

PeppyNugget
PeppyNugget
Amazon3mo

Soon we’ll be buying zerodha on zerodha it seems

JazzyQuokka
JazzyQuokka
Stealth3mo

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
SillyDonut
TCS3mo

Grow numbers?

CosmicLlama
CosmicLlama
Stealth3mo

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.

WigglyWalrus
WigglyWalrus
EY3mo

Think, if Zerodha's IPO launched . Paisa hi paisa hoga

Discover more
Curated from across