Indian stock broking platform Zerodha, owned by the Kamath brothers, is expected to report a 12 per cent increase in its year-on-year (YoY) profit, reaching Rs 25 billion ($335 million), according to the Economic Times. The company's revenue is also expected to rise 10 per cent YoY, to Rs 55 billion. 

Zerodha has seen a slowdown in account additions, with 140,000-170,000 added per month, compared to 320,000-350,000 in 2020-2022, although it is still higher than the industry average. The report notes that 65 per cent of Zerodha's new accounts are from first-time investors. 

The platform has a total of 12 million customers, with 2.5 million using futures and options and 1.5 million trading futures and options at least once a month. The top 35 per cent of customers contribute 70 per cent of revenues, however, the top 50 per cent of futures and options traders are "semi-professional" and reportedly use strategy-based trading.

Zerodha is considering charging a delivery fee of Rs 20 per order or increasing intraday and futures and options trading charges. The report estimates that this could generate an additional Rs 37 billion in broking revenues. Zerodha chief executive officer (CEO) Nithin Kamath said that the company's monthly account openings have returned to March 2020 levels and that broking is a cyclical business that tends to revert to the mean.