From FD returns to cricket analogy, Twitter reacts to Zerodha’s profit

Amidst the appreciation, many are highlighting the major part of zerodha Investing in Fixed Deposits (FDs), is often advocated as the worst investment tool.

However, Zerodha founder, Nitin Kamath is often seen encouraging young and budding investors to make their safe haven by starting with fixed deposit investments. months ago they also had suggested To get people to invest in Government Securities (G-Secs) and Treasury Bills (T-Bills) as they would give much better interest rates.

Abid Hasan, CEO of Sensibull, India’s largest options trading platform, highlighted Zerodha’s approach towards it. DevelopmentAnd called it a complete contrast with many fintech firms, which set unrealistic profit targets despite losses.

“Other Fintech: We took a loss of 1000 Crore. But in next 3 years, we will make profit of 1 Lakh Crore. Also, 77% of India and 95% of the world will use our app.”

Le Zerodha: We made a profit of 2000 crores. But this is luck. Make your expectations realistic, bois. Sab Mohmaya Hai”, Abid Hasan tweeted.

Another Twitter user compared Zerodha’s success to cricketer Suryakumar Yadav’s ramp shot. While the performance of other fintech firms was compared to Clean Bold Shot.

“India’s largest brokerage has highest allocation to FDs advocated as worst investment with all information access. Tells you something” tweeted Venture Highways investor Aviral Bhatnagar.

Twitter was divided over the comparison of Zerodha with Tata Consultancy Services due to its higher profits. Many appreciated the online brokerage firm for earning high profits with less number of employees. At the same time, some criticized this comparison.

“TCS has 6 lakh employees / 45k cr profit or 7.5L profit / employee. Zerodha has 2k employees / 2K cr profit or 1 cr per employee. Master of size and efficiency,” tweeted Alok Jain, who introduces himself as a SEBI research analyst.

TCS, one of India’s largest private sector employers, reported lower-than-expected profit in its Q3 FY23 results. Its profit up 11% for the quarter ended December 10,883 crores. Its consolidated revenue was up by 19.11%.