In comparison, Zerodha reported overall revenues of Rs 2,729 crore in FY21, with profits increasing dramatically to Rs 1,122 crore in the same fiscal. According to the company’s public filings, Zerodha’s overall revenues in FY20 were Rs 938.5 crore, with profits of Rs 424 crore.
Zerodha, one of the country’s largest online brokerages, has announced a nearly 60% year-on-year increase in profits and revenues for 2021-22, which are expected to be around Rs 1,800 crore and Rs 4,300 crore, respectively, according to its founder and CEO Nithin Kamath.
According to the company’s public filings, Zerodha reported overall revenues of Rs 2,729 crore in FY21, up from Rs 938.5 crore the previous year, while profit increased 164 percent to Rs 1,122 crore from Rs 424 crore in FY20.
\“We are currently working on replacing that (OMS tie-up) so that we can have complete control over our product because front-end innovations make no sense if we don’t own the OMS,” Kamath explained.