Zerodha is directly benefited by the increasing interest of people in the share market, active users and revenue jumped three times

Zerodha is directly benefited by the increasing interest of people in the share market, active users and revenue jumped three times

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Mumbai . In the Corona period, along with the Corona case, new investors in the stock market also increased rapidly. Rather, since then new people are continuously coming to the stock market. In the last one year, more than crores of new investors have opened their demat accounts. This directly benefited the country’s leading brokerage Zerodha. According to the released results of Zerodha, the revenue of the company has increased three times.

Online stock broking firm Zerodha reported a 164.7 per cent increase in net profit to Rs 1,122.31 crore in FY21. In its previous financial year, it was Rs 43.95 crore. The number of active users on Zerodha’s stock broking platform increased by 2.4 times to 33.91 lakh in FY21 from 14.14 lakh in its previous financial year.

Income up nearly 3 times to Rs 2,729 crore
The benefit of new users on the platform in lakhs of numbers is also being seen on the revenue of the company. The company’s operating income grew nearly three-fold to Rs 2,729 crore during FY21 from Rs 938.45 crore in FY20.

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Highest revenue from sales of services
82.5 per cent of the company’s revenue comes from its “sales of services”, which includes brokerage fees, sales of premium tech products such as the Kite Connect API, user onboard fees and exchange transaction fees collected from clients.

The company’s expenses also increased
The remaining 17.5 per cent of the company’s income has come from ‘other sources’, which mainly consists of interest on financial securities and margin interest charged by the company to its clients. However, the company’s expenses also increased during this period. Zerodha’s expenditure increased by 143.4 per cent to Rs 1,260.20 crore in FY21 from Rs 517.70 crore in FY20.

Talking about other important financial data, trading firm Zerodha’s EBITDA margin stood at 54.47% in FY21, as compared to 54.07 per cent in FY20. The company’s Return on Capital Employed stood at 81.54 per cent in FY21, which was 97.41 per cent in FY20. Experts are also anticipating a boom in the company’s business going forward.

Tags: BSE Sensex, Share market, Stock Markets, Stock tips, Stocks

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