Zerodha FY24: Profit Jumps 61% YoY To INR 4,700 Cr
Hey there, fellow investors and startup enthusiasts! 👋 Ready to dive into some exciting news from the fintech world? Let’s talk about the impressive performance of Zerodha in FY24! 🚀
The Big Numbers 💰
Zerodha, our favorite bootstrapped startup, has done it again! In FY24, they’ve knocked it out of the park with a whopping 61% jump in profit. Can you believe it? They raked in INR 4,700 crore! 🤯 That’s a massive leap from last year’s INR 2,909 crore.
Revenue Growth 📈
But wait, there’s more! Zerodha’s revenue game is strong too. They clocked INR 8,320 crore in FY24, up 21% from FY23. This startup is clearly on fire! 🔥
Zerodha FY24: A Closer Look
Let’s break down what’s driving Zerodha’s success. Brokerage sales are booming, user onboarding is through the roof, and premium tech products like Kite Connect API are selling like hotcakes. Zerodha’s total assets under management have swelled to a mind-boggling INR 5.66 Lakh Cr. That’s right—Lakh Crore! The Indian stock market’s bull run is definitely helping this startup soar.
Traders’ Paradise 🏖️
Here’s a fun fact: Zerodha traders are sitting pretty on unrealized profits worth over INR 1 Lakh Cr. Now that’s what I call a happy customer base! 😄
Zerodha FY24: The Challenges Ahead
But it’s not all smooth sailing for our favorite startup. Nithin Kamath, the brains behind Zerodha, has some concerns. Revenue and profit might plateau soon, upcoming regulatory changes could hit hard, and SEBI’s true-to-label circular might cause a 10% revenue dip.
The Zerodha Culture 🏢
What makes this startup tick? It’s their lean and mean approach. With only 1,200 employees (that’s tiny for a company this size!), careful spending habits, and strong finances to weather any storm.
Looking Ahead 🔮
So, what’s next for Zerodha? They’re bracing for some bumps ahead. Expecting a 30-50% revenue hit from new F&O regulations and changes in annual maintenance charges while scaling back their referral program.
There you have it, folks! Zerodha’s FY24 performance in a nutshell. This startup continues to shake up the fintech world, and we can’t wait to see what they do next. Remember, in the world of startups, anything is possible! 🌟
Thanks for Reading !!
