Article · About 4 min read

Zerodha cash reserve stands at Rs 22,679 Cr in FY25

Kunal Manchanada · Entrackr Free Intermediate India

The thesis proved in the profit and loss: 47 crore rupees of advertising against 8,847 crore of revenue, roughly half a percent, versus 539 crore on salaries.

  • Zerodha's FY25 revenue fell to 8,847 crore rupees from 9,993 crore, and profit to 4,237 crore from 5,496 crore.
  • It held 22,679 crore rupees (about 2.5 billion dollars) in cash and bank balances.
  • Advertising spend for the year was 47 crore rupees against 8,847 crore of revenue.
  • EBITDA margin came in at about 63.8 percent.
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The question it answers

  1. How did Zerodha become India's largest broker with no ads and no sales team?

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