<p>Online stock broking platform Zerodha on Tuesday reported a 39 per cent jump in profit after tax to Rs 2,907 crore for the financial year ended March 31, 2023.</p>.<p> In comparison, the brokerage house had posted a Profit After Tax (PAT) of Rs 2,094 crore in the financial year 2022-23.</p>.<p> Also, the company's revenues surged by 38.5 per cent to Rs 6,875 crore in FY23 from Rs 4,964 crore a year ago.</p>.Vistara merger: AI, Singapore Airlines to maintain minimum capacity on certain routes to address competition concerns.<p> 'We continued to see phenomenal growth even in FY 22/23. That said, the business has plateaued in terms of revenue and profitability this financial year until now,' the company's Co-founder and CEO Nithin Kamath wrote in a blog post on Tuesday.</p>.<p> He attributed the primary reason for the increase in revenue and profitability over the last three years to huge interest in the markets, especially in the futures and options (F&O) segment.</p>.<p> While the trading activity in F&O has increased significantly, the total number of people trading F&O is still not that large. Overall, 45 lakh Indians traded once a year last year in F&O, Kamath said.</p>.<p> Bengaluru-based Zerodha manages about Rs 3 lakh crore worth of customer assets.</p>.<p>As of August, the firm is reported to have an active client base of 6.3 million.</p>.<p> Overall, the country has more than 12 crore demat accounts and NSE active client data indicates 3 crore investors who traded once a year on the exchange. </p>
<p>Online stock broking platform Zerodha on Tuesday reported a 39 per cent jump in profit after tax to Rs 2,907 crore for the financial year ended March 31, 2023.</p>.<p> In comparison, the brokerage house had posted a Profit After Tax (PAT) of Rs 2,094 crore in the financial year 2022-23.</p>.<p> Also, the company's revenues surged by 38.5 per cent to Rs 6,875 crore in FY23 from Rs 4,964 crore a year ago.</p>.Vistara merger: AI, Singapore Airlines to maintain minimum capacity on certain routes to address competition concerns.<p> 'We continued to see phenomenal growth even in FY 22/23. That said, the business has plateaued in terms of revenue and profitability this financial year until now,' the company's Co-founder and CEO Nithin Kamath wrote in a blog post on Tuesday.</p>.<p> He attributed the primary reason for the increase in revenue and profitability over the last three years to huge interest in the markets, especially in the futures and options (F&O) segment.</p>.<p> While the trading activity in F&O has increased significantly, the total number of people trading F&O is still not that large. Overall, 45 lakh Indians traded once a year last year in F&O, Kamath said.</p>.<p> Bengaluru-based Zerodha manages about Rs 3 lakh crore worth of customer assets.</p>.<p>As of August, the firm is reported to have an active client base of 6.3 million.</p>.<p> Overall, the country has more than 12 crore demat accounts and NSE active client data indicates 3 crore investors who traded once a year on the exchange. </p>