Zerodha’s profit more than doubled to Rs 1,000 crore in FY21, says Nithin Kamath

India’s largest retail stockbroker Zerodha’s profit has more than doubled to Rs 1,000 crore in FY21 from the year-ago period, chief executive Nithin Kamath tweeted on Sunday. The gains are largely on the back of growing traction around online trading and stock investments among retail investors in India.

In FY20, the fintech stockbroker had reported a profit of Rs 440 crore which was backed by a robust 15% growth in revenue to Rs 1,093 crore during this period. The company had posted profits of Rs 350 crore and Rs 250 crore in FY19 and FY18, respectively.