Zerodha, a leading stock brokerage, achieved over ₹8,370 crore in revenue and ₹4,700 crore in profit for FY24. This is a jump from ₹6,875 crore in revenue and ₹2,907 crore in profit last year.
However, the firm warns of a potential 10% revenue decline due to new regulations from SEBI, effective October 1, which will change the fee structure for equity delivery trades. CEO Nithin Kamath noted that they might see a revenue drop of 30% to 50% from index derivatives.