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Zerodha FY21 profit jumps 2.6x to Rs 1,122 cr, revenue at Rs 2,729 cr: Report

The startup also saw a year-on-year rise in expenses of 2.4 times from Rs 517.7 crore in FY20 to Rs 1,260.2 crore in FY21.

February 14, 2022 / 09:38 PM IST
Zerodha CEO Nithin Kamath

Zerodha CEO Nithin Kamath

Stockbroking platform Zerodha has reported a steep rise in both profits and revenues for the financial year 2021, a year that witnessed immense interest in the stock markets as new retail investors began their stock investment journeys amidst the pandemic.

According to a report by Entrackr, the startup has posted a profit of Rs 1,122 crore, a jump of over 164 percent from Rs 424 crore in FY20. Revenues too spiked by 190 percent to Rs 2,729 crore in FY21 from Rs 938.45 crore  year ago.

The online mutual fund investment and stockbroking landscape has witnessed immense customer interest in India since the beginning of the pandemic. Job losses, health concerns led Indians to invest and save more in avenues including mutual funds and also try their luck at gaining from the stock market highs and lows.

As a testament to this, Zerodha’s active clients grew from 14.14 lakh in FY20 to around 34 lakh in FY21. About 82.5 percent of the company’s operating revenue comes from brokerage fees and sale of tech products and this vertical saw a rise of over three times from Rs 718 crore in FY20 to Rs 2,252.5 crore in FY21, the report said.