Wed Sep 25 04:08:31 UTC 2024: ## Zerodha Posts Record Revenue and Profit, But CEO Warns of Potential Slowdown

**Bengaluru, India** – Zerodha, India’s largest stock broking platform, has reported record revenue and profit for the current fiscal year, according to co-founder and CEO Nithin Kamath. The company achieved ₹8,320 crore in revenue and ₹4,700 crore in profit, a significant jump from the ₹6,875 crore revenue and ₹2,907 crore profit reported in the previous fiscal year.

This impressive performance follows a 39% increase in net profit and 35.5% growth in revenue in FY23. Kamath emphasized that these figures exclude an additional ₹1,000 crore of unrealized gains, making Zerodha one of the safest brokers in the market with a net worth exceeding 40% of the customer funds it manages.

Despite this strong performance, Kamath expressed concerns about a potential slowdown in the market, stating that revenue and profit plateaus are already being observed and a significant revenue hit is anticipated later this year.

He attributed these concerns to various factors, including a potential US recession, the ongoing war in Ukraine, inflation, and the possibility of a global economic slowdown. He also highlighted the risk of the bull market ending, which could result in a significant market drawdown.

However, Kamath assured investors that Zerodha is well-equipped to weather any market turbulence, citing a lean team, efficient expenses, and strong infrastructure as key assets.

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