Zerodha Bracing For Big Revenue Hit Later This Year: CEO Nithin Kamath

Nithin Kamath said that SEBI's true-to-label circular will go live on October 1, 2024 and "we expect a 10 per cent revenue dip".

Online brokerage firm Zerodha'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, Mr Kamath said that SEBI's true-to-label circular will go live on October 1, 2024 and “we expect a 10 per cent revenue dip”.

SEBI recently published a consultation paper on index derivatives that was open to public comments.