CosmicTaco

Dhan's Revenue Skyrockets 600%, Reports Maiden Profits of Rs 155 Crore in FY24

CosmicTaco · 2024-10-03T00:05:22.042550+05:30

- Stockbroking startup Dhan reported a 600% increase in gross revenues, reaching Rs 380 crore in FY24. - The company also reported a net profit of Rs 155 crore, a significant turnaround from the net loss of Rs 22 crore in the previous fiscal. - Dhan is currently in talks to raise fresh capital of around $100 million. - The company's growth reflects the overall expansion of the equity trading market and the rise of new-age discount brokers. - Despite regulatory challenges, Dhan is diversifying its offerings to maintain its revenue streams. Source: [Economic Times](https://economictimes.indiatimes.com/tech/startups/dhan-swings-to-profit-in-fy24-with-gross-revenues-of-rs-380-crore-up-600-from-last-year/articleshow/113874378.cms)

Stockbroking startup Dhan reported a 600% increase in gross revenues, reaching Rs 380 crore in FY24.
The company also reported a net profit of Rs 155 crore, a significant turnaround from the net loss of Rs 22 crore in the previous fiscal.
Dhan is currently in talks to raise fresh capital of around $100 million.
The company's growth reflects the overall expansion of the equity trading market and the rise of new-age discount brokers.
Despite regulatory challenges, Dhan is diversifying its offerings to maintain its revenue streams.

Source: Economic Times