Business News: Nithin Kamath’s Zerodha Witnesses 38% Increase in Profits in 2022-23

30 Sep, 2023 Author: Ayushee Joshi

Business News: Zerodha is one of the few self-funded firms in the country that has demonstrated, year after year, that sustaining a business does not always involve burning investors’ money. Zerodha, the largest online brokerage platform, just revealed its financial year 2023 results, which showed another significant increase in Revenue and Profits. According to the company’s statement, Zerodha’s revenue has increased by 38.5%, while its earnings have increased by 38.8%.

Zerodha Profit This Fiscal

Futures and options trading generate the majority of the company's revenue. Nitin Kamat, CEO of Zerodha, stated that the firm saw outstanding development in fiscal year 2022-23. According to an industry estimate, 45 lakh or 15% of the 3 crore active traders on stock exchanges are engaged in F&O trading, and it is this subgroup of customers that produces the majority of brokerage profits. According to the company, Zerodha serves over 20% of all corporate clients in the country, and it adds approximately 250,000 new customers each month.