In FY22, Zerodha’s net profit nearly doubled to Rs 2,094 crore on an 80% increase in operational income
- ByStartupStory | January 9, 2023
One of the most lucrative new-age technology companies in India, Zerodha Broking is a bootstrapped finance startup that saw its operating revenue increase by more than 80% in FY22 (2021–2022).
In its regulatory filings with the Ministry of Corporate Affairs (MCA), Zerodha stated that its combined net profit for FY22 was Rs 2,094 crore, up 87 percent from Rs 1,122 crore in FY21 (2020-21). According to the records, the company’s operating revenue increased 82 percent from the previous year to Rs 4,963 crore in FY22. Zerodha has not yet received any outside money in a single round.
Zerodha’s primary sources of income are brokerage fees and commissions. According to regulatory records, the company’s fees and commission revenue for FY22 increased to Rs 4,128 crore from Rs 2,252 crore a year earlier. In addition to commission and fee income, Zerodha also made a little over Rs 614 crore in interest income, an increase of more than 50% from the previous year.
In FY22, Zerodha’s overall costs increased by more than 71 percent to Rs 2,164 crore. Employee benefit costs for the corporation increased by 45 percent to Rs 459 crore. In contrast to the majority of fintech firms, including Upstox and Groww, two of Zerodha’s main rivals, the Nithin Kamath-led business does not invest in marketing and promotion.
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