Zerodha FY25 profit falls 23%

Online stock broking platform Zerodha’s profits fell 22.9% to `4,237 crore in the financial year ended March 2025 from Rs 5,496 crore last year as its revenue from operations fell 11.5% to `8,847 crore, according to Entrackr. Its return on capital employed contracted to 32% from 42% previous year, and operating margin improved to 63.78% from 55.25%. Meanwhile, its cash and bank balances surged to `22,679 crore from `10,211 crore last year. ALSO READGroww parent PAT rises 12% YoY, stock gains 58% over issue price FY25 Financial Contraction In a post on completing 15 years in August, its founder and CEO, Nithin Kamath, had written, “This year, we are seeing a substantial hit of about 40% in brokerage revenues in the latest quarter (June 2025) compared to the same quarter last year.” Regulatory Impact and Strong, Debt-Free Balance Shee According to him, as of that date, the assets held by Zerodha customers now account for about 10% of all retail and HNI AUM in the country. ALSO READOperating profit of OMCs to rise over 50% to $18-20 per barrel: Crisil “We have zero debt on the books, and as we are fully privately held, we have more skin in the game than any other broker in India,” he added.