Upstox’s FY24 Revenue Jumps 25% YoY To INR 1,311 Cr

Upstox said its “net profit” surged 8X YoY to INR 190 Cr. However, the number excluded ESOP costs

Revenue zoomed 25% to INR 1,311 Cr in the financial year 2023-24 (FY24) from INR 1,051 Cr in the previous fiscal year

Upstox claims to have 1.7 Cr users on its platform, with about 85% of its customers coming from Tier II, III cities

Broking platform Upstox said that its revenue zoomed 25% to INR 1,311 Cr in the financial year 2023-24 (FY24) from INR 1,051 Cr in the previous fiscal year.

On the back of the increase…