Zerodha reports FY24 revenue of ₹8,320 cr and profit of ₹4,700 cr, warns of potential 10% decline due to SEBI regulations and tax changes.

Zerodha, India's leading brokerage firm, reported FY24 revenue of ₹8,320 crore and a profit of ₹4,700 crore, reflecting substantial growth. However, CEO Nithin Kamath warned of a potential 10% revenue decline due to upcoming SEBI regulations starting October 2024, alongside possible 30-50% losses from changes in index derivatives and increased Securities Transaction Tax. Despite these challenges, Zerodha remains strong with substantial assets under custody.

September 24, 2024
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