🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Groww expands lead over Zerodha with 12.59 Mn active users in October

EntrackrEntrackr · 11m ago
Groww expands lead over Zerodha with 12.59 Mn active users in October
Medial

Bengaluru-based stock broker Groww has surpassed the 1.25 crore (12.59 million) mark in active traders in October, driven by the addition of around 3.5 lakh users in a single month, according to data from the National Stock Exchange (NSE). Zerodha, Groww’s closest competitor, had approximately 80.6 lakh (8.06 million) active investors as of last month. Groww overtook Zerodha in October last year and has held the top position ever since. As per the NSE’s data, Groww has nearly doubled its user base over the past year, whereas Zerodha added just 15 lakh new users. Angel One, the third-largest stockbroker, has 75 lakh (7.53 million) active users and may surpass Zerodha in the coming months. Upstox ranked fourth, had 28.52 lakh (2.85 million) users as of last month. ICICI Direct is the fifth largest player in this space with 19.3 lakh active users (1.93 million). Dhan, launched by former Paytm Money executive Pravin Jadhav, had 8.49 lakh (0.84 million) users as of October. Dhan entered the top 10 list of stockbroking apps in India in August this year, replacing Paytm Money. INDmoney and PhonePe's Share.Market are the new entrants in the top 20 list with 6.7 lakh (0.67 million) and 2.69 lakh (0.26 million) respectively. In terms of scale, Zerodha had the highest revenue in FY24 at Rs 8,370 crore, followed by Angel One, which reported Rs 4,272 crore in revenue for the last fiscal year. Nithin Kamath’s Zerodha reported a profit of Rs 2,907 crore, while Angel One’s profits exceeded Rs 1,125 crore in FY24. Groww’s revenue from operations surged to Rs 3,145 crore in FY24. The Lalit Keshre-led company recorded a net loss of Rs 805 crore in FY24, primarily due to a one-time tax payment of Rs 1,340 crore for relocating its domicile to India. Despite this, the firm remained operationally profitable. Upstox, which posted over Rs 1,000 crore in revenue in FY23, has yet to file its annual report for FY24.

Zerodha brokerage revenue drops 40% in Q1 FY26

EntrackrEntrackr · 8d ago
Zerodha brokerage revenue drops 40% in Q1 FY26
Medial

Zerodha brokerage revenue drops 40% in Q1 FY26 India’s largest stockbroker, Zerodha, is facing its first real earnings test after a record FY24. Founder Nithin Kamath revealed that brokerage revenues in June 2025 were down nearly 40% year-on-year, as regulatory changes and declining market activity weighed on the firm’s core business. The drop comes after FY24, when Zerodha posted Rs 8,370 crore in revenue with over Rs 4,700 crore in profit, translating into margins of 55%. The prior fiscal, FY23, had seen revenue of Rs 6,875 crore and profit of Rs 2,907 crore, highlighting the explosive growth trajectory the company had enjoyed in the past three years. Kamath said the June decline reflects the crystallization of risks he had long flagged, which are higher STT on options, a reduction in weekly expiries, the removal of exchange transaction charge rebates, and the increase in BSDA limits. Together with a slowdown in retail trading activity, these changes are hitting earnings hard. FY24’s performance, in contrast, benefited from soaring retail options volumes and operating efficiency. The company’s net worth stood at over Rs 13,000 crore with zero debt, and more than half of client funds were matched by net worth. Zerodha is simultaneously expanding its non-broking operations. Its Margin Trading Facility (MTF) now has a Rs 5,000 crore book with 5% market share, and customer assets on the platform account for 10% of India’s retail and HNI AUM. Meanwhile, in the Indian stock market’s active user base, Groww continues to lead the stock broking space with 12.07 million active clients, whereas Zerodha retained its second position in August with 7.26 million clients and a 15.8% market share.

Download the medial app to read full posts, comements and news.