Stock broking giant Zerodha’s FY21 profit more than doubles to Rs 1,000 cr

India’s largest stock brokerage firm Zerodha’s profit more than doubled in the last financial year (FY21) to Rs 1,000 crore, co-founder Nithin Kamath said on Sunday.

Zerodha’s profit in FY30, according to regulatory filings, was Rs 442 crore, and revenue was Rs 1,000 crore.

“Our PAT (profit after tax) for FY 2020-21 was about Rs 1,000 crore,” Nithin said, as part of a series of tweets that also explained that the Rs 100 crore salaries of the founder brothers Nithin and Nikhil and Nithin’s wife Seema Patil was an enabling resolution and not an absolute figure.

“Firstly the reported figure isn’t the actual salary being drawn. This is an enabling resolution that allows us as working promoters to draw salaries up to the number in case of liquidity requirements.