Upstox's Financial Leap: Rs 1,000 Cr Revenue and Rs 25 Cr PAT in FY23

Editorial Desk · 2024-01-18T11:58:35+05:30

Upstox, has reported a significant financial upswing in FY23. The firm, backed by Tiger Global, announced a remarkable year-on-year revenue growth of 44%, reaching Rs 1,000 crore. This growth signifies a major turnaround from the previous fiscal year's losses.The company's successful financial year also included achieving a profit-after-tax (PAT) of Rs 25 crore. This profitability is attributed to improved operational efficiency, effective customer acquisition strategies, and prudent cost management. Upstox's performance reflects the positive trend in the stock broking sector, highlighting its growing market presence.

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Upstox’s Financial Leap: Rs 1,000 Cr Revenue and Rs 25 Cr PAT in FY23
Posted by Editorial Desk on January 18, 2024 at 11:58 am
Upstox, has reported a significant financial upswing in FY23. The firm, backed by Tiger Global, announced a remarkable year-on-year revenue growth of 44%, reaching Rs 1,000 crore. This growth signifies a major turnaround from the previous fiscal year’s losses.
The company’s successful financial year also included achieving a profit-after-tax (PAT) of Rs 25 crore. This profitability is attributed to improved operational efficiency, effective customer acquisition strategies, and prudent cost management. Upstox’s performance reflects the positive trend in the stock broking sector, highlighting its growing market presence.
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Upstox’s Financial Leap: Rs 1,000 Cr Revenue and Rs 25 Cr PAT in FY23