Latest news with #brokerage
Entrepreneur
10 hours ago
- Business
- Entrepreneur
Zerodha Capital Reports INR 12.5 Cr Profit in FY25
Operating with a lean team, Zerodha Capital leverages the scale and infrastructure of Zerodha's core broking business, which has 8.1 million active clients on the National Stock Exchange—accounting for nearly 16 per cent of the market You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Zerodha Capital, the lending arm of brokerage major Zerodha, posted a net profit of INR 12.5 crore in the financial year ended March 2025, up from INR 7.2 crore the previous year, according to a report by The Economic Times. The profit surge comes as the company doubled its income year-on-year to INR 36 crore, driven largely by a sharp expansion in its loan book and operational leverage from its parent firm. Credit rating agency ICRA attributed the improved financial performance to a 3.2x increase in Zerodha Capital's loan portfolio, which touched INR 381 crore in the first nine months of FY25. The company lends against shares and mutual funds held by retail investors, offering up to INR 1 crore in loans with a lending value capped at 45 per cent of the securities pledged. Operating with a lean team, Zerodha Capital leverages the scale and infrastructure of Zerodha's core broking business, which has 8.1 million active clients on the National Stock Exchange—accounting for nearly 16 per cent of the market. The lending process is largely digital, allowing efficient disbursements and minimal overheads. ICRA maintained its credit rating for Zerodha Capital at AA- (Stable)/A1+, reaffirming confidence in the company's risk controls, despite noting its current small size and dependence on a limited group of lenders. The agency also assigned the same rating to the firm's new INR 100 crore short-term borrowing program. Zerodha Capital's net worth stood at INR 170 crore as of December 2024, with a gearing ratio of 1.4x—indicating moderate leverage. To fuel further growth, the promoter group has committed an additional INR 125 crore through compulsorily convertible preference shares. Importantly, the company has reported zero non-performing assets (NPAs) since its inception in 2021, underlining its conservative lending model. However, its future trajectory remains tied to broader market sentiment and evolving regulations. With increasing regulatory scrutiny over retail derivatives trading—one of Zerodha's core revenue drivers—Zerodha Capital's growth path could be tested. Zerodha Broking Ltd, the flagship business, posted a net profit of INR 5,496 crore in FY24 and delivered an impressive 56 per cent return on net worth. With these fundamentals in place, Zerodha Capital appears poised to scale its lending footprint cautiously but steadily within India's growing retail investing ecosystem.
Japan Times
2 days ago
- Business
- Japan Times
Online brokerage account hijacks in Japan highlight need for login vigilance
The hijacking of online brokerage accounts has suddenly become a problem in Japan, as the deep-pocketed and unsuspecting are targeted and their portfolios commandeered to manipulate the market. For January and February, the Financial Services Agency reported 72 unauthorized online brokerage transactions. In March and April, that number was 3,400. The Japan Securities Dealers Association said on Wednesday that it had confirmed hijacking cases at 16 brokerages, including major companies like SBI Securities and Rakuten Securities, and warned that alleged cyber crooks are now targeting users of smaller securities companies.
Bloomberg
2 days ago
- Business
- Bloomberg
Nomura's Smoking Ban Starts to Pay Off as Less Staff Light Up
Nomura Holdings Inc. 's drive to cut the smoking rate among its staff is bearing fruit, pushing the firm closer to its goal of improving health among its employees. Close to 15% of staff at Japan's largest brokerage were smokers in the fiscal year ended March 2024, down from 21.4% as of March 2018, according to an investor presentation that included details on its other health management initiatives. Nomura, which has more than 14,000 employees in Japan, had set a target to reduce the smoking rate to 12% by March 2026.
Bloomberg
2 days ago
- Business
- Bloomberg
Nomura Sees Big Opportunities to Grow in US Despite Turmoil
Nomura Holdings Inc. is setting its sights on the US for growth despite the current turmoil surrounding the world's biggest economy. Japan's largest brokerage said it's strengthening its focus on the Americas through 'strategic resource allocation,' according to an investor day presentation, which touted the 'big opportunities' there. The firm plans to advance targets for its investment management and wholesale banking businesses by pursuing long-term growth in the Americas, it said.
Associated Press
3 days ago
- Business
- Associated Press
RXO to Present at the Wells Fargo 2025 Industrials and Materials Conference
CHARLOTTE, N.C.--(BUSINESS WIRE)--May 28, 2025-- RXO (NYSE: RXO) today announced that Drew Wilkerson, chief executive officer, and Jared Weisfeld, chief strategy officer, will present at the Wells Fargo 2025 Industrials and Materials Conference in Chicago, Ill., on June 11, 2025, from 4-4:35 p.m. EDT. The live webcast and a replay of the presentation will be available at About RXO RXO (NYSE: RXO) is a leading provider of asset-light transportation solutions. RXO offers tech-enabled truck brokerage services together with complementary solutions including managed transportation, freight forwarding and last mile delivery. The company combines massive capacity and cutting-edge technology to move freight efficiently through supply chains across North America. The company is headquartered in Charlotte, N.C. Visit for more information and connect with RXO on Facebook, X, LinkedIn, Instagram and YouTube. View source version on CONTACT: Media Contact Nina Reinhardt [email protected] Contact Kevin Sterling [email protected] KEYWORD: ILLINOIS NORTH CAROLINA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TRUCKING TECHNOLOGY LOGISTICS/SUPPLY CHAIN MANAGEMENT TRANSPORT OTHER TECHNOLOGY SOFTWARE OTHER TRANSPORT SOURCE: RXO Copyright Business Wire 2025. PUB: 05/28/2025 09:58 AM/DISC: 05/28/2025 09:57 AM
