Archive · 22 Nov 2025
Zerodha's FY25 Profit Drops 23% Amidst Regulatory Impact
Zerodha, an online stock broking platform, had a decrease in profit and revenue for the financial year 2025.
Despite this, their operating margin improved, and they have a large amount of cash.
The founder blamed regulatory changes for the drop in profits.
Zerodha's profit fell 22.9% to ₹4,237 crore in FY25
Revenue from operations decreased 11.5% to ₹8,847 crore
Return on capital employed contracted to 32% from 42%
Operating margin improved to 63.78% from 55.25%
Cash and bank balances surged to ₹22,679 crore
- Who
- Zerodha, an online stock broking platform
- What
- Experienced a drop in profit and revenue
- When
- In the financial year ended March 2025
- Where
- In India
- Why
- Due to regulatory changes, according to the founder
Regulatory Impact
Strong Financial Position
Profit Drop
Regulatory Impact
Zerodha's profit and revenue decreased due to regulatory changes
Strong Financial Position
The company's operating margin improved
Cash Balance
Regulatory Impact
Cash and bank balances surged to ₹22,679 crore
Strong Financial Position
The company has zero debt on the books
- Previous Year's Profit
- ₹5,496 crore
- FY25 Revenue from Operations
- ₹8,847 crore
- Previous Year's Cash and Bank Balances
- ₹10,211 crore
- FY25 Cash and Bank Balances
- ₹22,679 crore
- Zerodha's Customer Assets as % of Retail and HNI AUM
- 10%