Zerodha FY25 profit drops 23% amid regulatory headwinds

Stockbroking platform Zerodha has reported a decline in revenue and profits for the fiscal year ended March, as regulatory headwinds, reduced trading activity, and a fall in active users weighed on performance.

The Bengaluru-based firm recorded an 11.2% drop in revenue to Rs 8,868.2 crore from Rs 9,994.5 crore in the previous fiscal, while net profit declined 23% to Rs 4,236.7 crore, according to data from market intelligence platform Tracxn.

In a blog post published in September, Zerodha founder Nithin Kamath had flagged a 40% decline in brokerage…