New Delhi, September 24: Online brokerage firm Zerodha슬롯사이트™s Co-founder and CEO Nithin Kamath said on Tuesday that the company is witnessing revenue and profit plateau, and is bracing for a big revenue hit later this year. In a blog post, Kamath said that SEBI슬롯사이트™s true-to-label circular will go live on October 1, 2024 and 슬롯사이트œwe expect a 10 per cent revenue dip슬롯사이트�.

SEBI recently published a consultation paper on index derivatives that was open to public comments. 슬롯사이트œWe expect this paper to materialise into regulation sometime in the next quarter. Index derivatives today are a significant portion of our revenue, and any change will impact us. We anticipate a 30 per cent to 50 per cent drop in revenue,슬롯사이트� said Zerodha CEO.슬롯 머신 사이트 추천Zerodha New Update: Online Stock Trading Company Updates Kite Platform To Simplify User Experience (Watch Video).

The Securities Transaction Tax (STT) also goes up from October 1. Although the impact on options trading is minimal, 슬롯사이트œwe anticipate a significant impact on futures trading슬롯사이트�. 슬롯사이트œThe amount of Annual Maintenance Charges (AMC) we collect changes with the new Basic Services Demat Account (BSDA) thresholds set by the regulator. Essentially, we can charge full AMC from customers with a demat holding of Rs 10 lakhs and more, as opposed to 4 lakhs today. Combined with us removing the account opening fee, this would be a meaningful drop in revenue,슬롯사이트� said Kamath.

Zerodha슬롯사이트™s total current assets under custody 슬롯사이트� total assets held in its demat accounts 슬롯사이트� stand at Rs 5.66 lakh crore. 슬롯사이트œThe exciting bit about this number is that our customers as a whole are sitting on an unrealised profit of more than Rs one lakh crore,슬롯사이트� the CEO informed.슬롯 머신 사이트 추천Zerodha Warns Users About Fake WhatsApp and Telegram Groups, Urges Caution and Shares Legitimate Channels for Interaction; Check Details.

On its IPO, he said that an IPO is not the end, but rather a new beginning. 슬롯사이트œWhen retail investors enter the cap table, the company should be able to predict revenue to some extent. In the last 14 years, I have not once been correct in predicting revenue growth and dips. Our business, while it looks good based on financials, can change in a heartbeat due to a change in regulation or markets taking a turn for the worse,슬롯사이트� Kamath explained.

(The above story first appeared on LatestLY on Sep 25, 2024 08:34 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).