Zerodha, India's largest stock brokerage, recorded over ₹8,370 crore in revenue and ₹4,700 crore in profit in FY24, surpassing the previous fiscal year figures. CEO Nithin Kamath warns of a potential 10% revenue decline due to upcoming SEBI regulations, including changes in the fee model and index derivatives. Despite this, Zerodha remains highly profitable with a conservative approach.