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Zerodha hits Rs 8,000 Cr revenue with over 50% profit margin in FY24

EntrackrEntrackr ยท 1y ago
Zerodha hits Rs 8,000 Cr revenue with over 50% profit margin in FY24
Medial

Stock broking platform Zerodha has reported more than Rs 8,000 crore in revenue and over Rs 4,500 crore in profit, according to a blog post by the companyโ€™s co-founder and CEO, Nithin Kamath. This marks a significant increase from the Rs 6,875 crore in operational revenue and Rs 2,907 crore in profit after tax reported in FY23. According to the company, these profits do not account for approximately Rs 1,000 crore in unrealized gains, which will reflect in its financials once recognized. The firm has not yet officially filed its audited annual report. The data disclosed by Zerodha indicates that more than half of its revenue has translated into profit. โ€œGiven the profitability of the last three years, our net worth is almost ~40% of the customer funds that we manage. It makes us one of the safest brokers to trade with,โ€ said Kamath in the blogpost. Kamath also added that the firm is already encountering a plateau in revenue and profit, and it is gearing up for a substantial revenue decline later this year. The firm has linked the expected decline in scale to upcoming regulations from the Securities and Exchange Board of India (SEBI), which will eliminate the volume-based transaction fee model for free equity delivery trades affecting all brokers, including Zerodha. The SEBIโ€™s true-to-label circular will go live on October 1 and Zerodha expects a 10% revenue dip due to the regulation. โ€œWe expect this paper to materialise into regulation sometime in the next quarter. Index derivatives today are a significant portion of our revenue, and any change will impact us. We anticipate a 30% to 50% drop in revenue,โ€ said Kamath. Zerodhaโ€™s annual maintenance charges (AMC) will also be impacted by the new basic services demat account (BSDA) thresholds set by the regulator. Kamath explained that the company can charge the full AMC for customers with demat holdings of Rs 10 lakhs and above, up from the current threshold of Rs 4 lakhs. Along with the removal of the account opening fee, this would lead to a significant decline in revenue. Zerodha is confident that it can handle the slow period because of its small team, careful spending, and strong finances. It has 1,200 employees, but only a small portion of them runs the core business.

Groww widens lead over Zerodha in Oct despite market slowdown

EntrackrEntrackr ยท 20d ago
Groww widens lead over Zerodha in Oct despite market slowdown
Medial

Groww widens lead over Zerodha in Oct despite market slowdown Amid a slowdown in Indiaโ€™s retail broking industry, wealth-tech platform Groww was the only major player to record growth in October 2025. According to NSE data, Groww added 1.38 lakh active demat accounts during the month, taking its total to 1.2 crore (12 million). Other leading discount brokers saw a decline in active users. Zerodha and Angel One reported drops of 62,000 and 34,000 accounts, respectively, while Upstox lost about 59,000. The total number of active demat accounts across the top 25 brokers slipped 0.13% in October, indicating a phase of consolidation in the retail investing segment. Among traditional players, ICICI Securities and SBI Caps added 13,000 and 25,000 accounts, respectively. Paytm gained around 30,000 new accounts, while most other brokers, including HDFC and Kotak Securities, reported small declines. Digital-first platforms continue to lead the broking market, with Groww, Zerodha, and Angel One together holding over 57% of NSE demat accounts. Groww accounts for about 26.6% of the total, highlighting its growing share among retail investors. Between July and October 2025, the number of active demat accounts across leading brokers fell from 4.72 crore (47.2 million) to 4.52 crore (45.2 million), reflecting the slowdown after the post-pandemic expansion. The rate of decline has eased, pointing to early signs of stabilization in the market. Growwโ€™s continued growth indicates steady user additions despite the broader industry slowdown.

'If you're married and a Hindu...': Billionaire Nithin Kamath highlights a way to save taxes

Money ControlMoney Control ยท 1y ago
'If you're married and a Hindu...': Billionaire Nithin Kamath highlights a way to save taxes
Medial

Zerodha CEO Nithin Kamath highlights the benefits of Hindu Undivided Family (HUF) for tax planning purposes. HUF is a unique legal and tax entity specific to Hindu families in India, allowing for separate tax filings and deductions similar to those for individuals. Kamath emphasized that married Hindus can utilize HUF to save taxes through various means such as transferring rental income properties, opening demat accounts, and accepting gifts. Zerodha further explained the advantages of HUF in a blog, suggesting it as a useful tool for tax planning, especially for those with ancestral property or multiple income streams. Other X users and professionals also praised HUF's effectiveness in tax savings.

Groww nears 13 Mn active users in November, INDmoney overtakes Paytm Money

EntrackrEntrackr ยท 11m ago
Groww nears 13 Mn active users in November, INDmoney overtakes Paytm Money
Medial

Bengaluru-based fintech unicorn Groww continues to dominate the Indian stockbroking space, expanding its lead over competitors by achieving a milestone of 12.88 million active clients in November 2024. This translates to a commanding 26.35% market share, according to the latest data from the National Stock Exchange (NSE). Groww added 2,82,577 new users in November alone. The Lalit Keshre-led company surpassed Zerodha in October last year and has maintained its leading position ever since. Zerodha retained its second position with 8.12 million active users, accounting for 16.62% of the market share. Angel One, ranked third, has 7.63 million active clients and a 15.61% market share, closely following Zerodha. Angel One's consistent growth suggests it could potentially challenge Zerodhaโ€™s position in the near future. Upstox, the fourth-largest broker, had 2.87 million active users in November with 5.88% of the market. ICICI Direct secured the fifth spot with 1.94 million users and a 3.97% market share. Key performers in the top 10 include Kotak Securities with 1.48 million active users (3.03% market share), HDFC Securities with 1.38 million active users (2.81% market share), Motilal Oswal with 1.02 million active users (2.08% market share), SBI Securities with 0.98 million active users (2.01% market share), and Dhan with 0.89 million active users (1.83% market share). Outpacing Paytm Money and Sharekhan, INDmoney captured the 11th spot, with 7,32,437 users (1.50% market share). Paytm Money and Sharekhan are next with 7,15,020 and 7,07,984 users, respectively. Mirae Asset, 5paisa, and IIFL Securities are also among the top 15. Notable players such as PhonePeโ€™s Share.Market and FYERS, are contributing to the vibrant competition in the space. The combined market share of the top three brokersโ€”Groww, Zerodha, and Angel Oneโ€”stands at over 58.58%. Traditional players like ICICI Direct, Kotak Securities, and HDFC Securities continue to hold ground against discount brokers.

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