Zerodha informed about company's financials in a blog post. (Photo source: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Zerodha, one of India’s largest brokerage firm, has reported a 40% drop in broking revenues as sweeping regulatory changes, particularly in the Futures and Options (F&O) segment, begin to reshape the trading landscape.

According to Zerodha co-founder and CEO Nithin Kamath, the full impact of these changes began to take effect from October 2024, meaning the FY25 numbers only partially reflect the regulatory disruption.

“The real hit is visible in the latest quarter,” Kamath noted, referring to Q1 FY26 (April–June 2025), where brokerage revenues plunged nearly 40% compared to the same period last year.

The company is blog post shared a ch

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