Zerodha marks 16 years of stable profitability despite market slowdown
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Zerodha marks 16 years of stable profitability despite market slowdown

Online brokerage platform Zerodha reported a net profit of ₹4,283 crore for the financial year ending March 31, 2026. This figure increased by approximately 1.2% compared to ₹4,231 crore in the previous fiscal year, while revenue remained unchanged.

The Bengaluru-based company's revenue reached ₹8,847 crore in FY25. Although Zerodha does not disclose absolute figures, it provides indicative data through bar charts.

In a blog post celebrating Zerodha's 16th anniversary, CEO Nitin Kamath explained the stagnation in real terms as a result of the end of the bull market and the removal of transaction fee discounts. Trading activity has decreased since the peak of the Indian market in September 2024, and new account growth has slowed year-on-year.

Furthermore, macroeconomic difficulties, including the Middle East energy crisis and the lack of local artificial intelligence developments, kept Indian markets sideways while international indices rose.

The decline in transaction commission income was offset by interest income from the Margin Trading Facility (MTF) business, where clients trade using borrowed capital. Kamath emphasized that Zerodha holds the position of India's largest retail broker by Assets Under Management (AUM), which includes client investments. Among these assets are ₹100,000 crore received from IL&FS.

The company operates with a relatively small team of less than 100 people across technology, product, business, and operations departments, enabling it to rapidly implement AI-driven improvements. The NRI business also shows potential due to simplified registration rules.

However, the MTF portfolio volume grew to ₹9,000 crore, with clients utilizing ₹6,000 crore, accounting for 25% of Zerodha's net capital. Cautious about this rapid increase in leverage, Kamath warned: 'Leverage gives a boost when things are going well. But when things go badly, it can become very, very bad.'

Brokerage activity remains heavily dependent on Futures and Options (F&O) contracts, which, according to Kamath, do not generate profits for 99% of retail traders and face tightening regulation. Additionally, brokerage services do not compound interest, as mandatory quarterly fund settlements, returning unused funds to banks, reset each period to zero.

Account maintenance fees amount to only 2% of revenue, whereas MTF generates 10%. To hedge these industry risks, Zerodha has diversified its operations by creating Zerodha Capital, Zerodha AMC, and the Rainmatter Foundation. Regulatory requirements have also increased the working capital needs; Zerodha must now maintain a capital base of ₹11,000 crore to operate, serving as a protective barrier against smaller competitors.

Kamath noted that scale limits flexibility: 'At our scale, even a small problem can affect hundreds of thousands of customers, which means we must be extremely careful in everything we do.' In other updates, Zerodha announced the resumption of a 10% referral commission and plans to launch US investments and integrated mutual fund trades on its Kite platform.

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Amazon offers promotions on multifunction printers for home office renewal
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olhardigital.com.br

Amazon offers promotions on multifunction printers for home office renewal

If the intention is to replace an old printer or acquire a more efficient and economical model, this is the ideal time. Three options for multifunction printers available on sale on Amazon have been selected, catering to various user profiles, from occasional use to frequent daily printing.

Among the options, the HP DeskJet Ink Advantage 2975 Color Multifunction Printer (AJ4Y4A) stands out. This model is compact and practical, suitable for both home environments and small offices. It allows for easy printing, copying, and scanning of color documents, and its discreet design takes up little space on the desk. HP's Ink Advantage system is specifically designed to reduce the cost per page, promoting greater savings in daily use.

Another alternative is the Epson Ecotank L3250 Multifunction Printer, which differentiates itself in the market by using an ink tank system, eliminating dependence on conventional cartridges and significantly reducing replacement costs. Thanks to Wi-Fi connectivity, it is possible to print directly from mobile devices such as smartphones, tablets, and laptops, eliminating the need for cables. Furthermore, the bivolt support ensures compatibility with any outlet, while the copy and scan functions offer a complete solution for home or office.

For those who print in higher volumes and seek to keep operating costs low, the HP Smart Tank 589 Multifunction Printer is an option with a high-capacity ink tank. It integrates Wi-Fi and USB connection, adapting to various work routines. The scanner and copier capabilities complement this equipment, making it a robust multifunction device for home offices that demand high printing volume without compromising color quality.

It is important to note that the offers are subject to change at any time, so it is recommended to access the links immediately to take advantage of the current conditions. Printers with good value for money tend to sell out quickly, so the decision to purchase should not be postponed.

Mesh routers on sale on Amazon may solve weak Wi-Fi signal problems
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Mesh routers on sale on Amazon may solve weak Wi-Fi signal problems

If the internet signal fails in certain areas of the home or if the connection freezes during use, it may be necessary to replace the current router. Three alternatives of mesh Wi-Fi routers available on sale on Amazon have been selected, ranging from more economical models to versions equipped with Wi-Fi 6, which offers greater stability and speed for multiple connected devices.

The Deco M4 kit, manufactured by TP-Link, is cited as a very popular mesh solution in the market and a good alternative for eliminating dead spots at home. This system operates with dual band (2.4 GHz and 5 GHz), has Gigabit connections, and supports dozens of devices simultaneously, creating an intelligent and unified network that distributes the signal homogeneously throughout all rooms.

Another option presented is the Twibi Force AX, which represents Intelbras' offer in the mesh segment with Wi-Fi 6 (AX) technology. This technology aims to increase network capacity and decrease latency, even when many devices are connected at the same time. It is recommended for homes that use smart TVs, cell phones, computers, and automation devices, combining high performance with easy mesh configuration.

The Deco X10 model offers Wi-Fi 6 AX1500, with the capacity to cover up to 190 square meters and support up to 120 connected devices, notable figures for a single mesh node. Furthermore, it features two Gigabit ports and AI-based intelligent management, which automatically optimizes signal distribution according to the network usage pattern. This device is considered a robust choice for medium-sized apartments and houses that require high speed and stability.

Due to the rapid change of promotions on Amazon, it is recommended to check the links immediately to avoid losing stock or prices returning to normal values. Regardless of the need—whether correcting a Wi-Fi dead spot in the bedroom or establishing a strong home network—there is a suitable option in this list.

Iranian Energy Minister Announces Electricity Generation Capacity to Exceed 110,000 MW by Next March
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www.tehrantimes.com

Iranian Energy Minister Announces Electricity Generation Capacity to Exceed 110,000 MW by Next March

Iran's Energy Minister Abbas Aliyabadi reported that the country's energy capacity is substantial and is projected to exceed the 110,000 megawatt mark by the end of the current Iranian year, which concludes on March 20, 2027. Concurrently, there is active expansion of renewable energy facilities.

During his visit to North Khorasan province at Boynord airport on Wednesday, Aliyabadi addressed IRAN, clarifying that the purpose of the provincial trips is to meet with the population, study local problems and difficulties, and monitor the implementation of necessary programs and projects.

Referring to the state of power plants in the country, the minister noted that they operate in both public and private sectors, both of which have been affected by recent attacks.

He added that 4,200 megawatts of the country's power plant capacity were hit and damaged during the recent conflict. Aliyabadi emphasized that damaged state power plants were repaired and reconnected to the grid in a short time, while private enterprises are undergoing restoration and reconstruction.

Highlighting that the first damaged private power plant has already started operating, the minister noted that the restoration process for other facilities is ongoing, and all damaged structures are planned to be returned to the grid by next summer.

The energy minister also stressed the need to increase generation capacity, stating that the current capacity is very high and is expected to cross the 110,000 MW threshold by the end of the year.

Aliyabadi explained that alongside the expansion of thermal and existing power plants, a comprehensive program for developing renewable energy sources is being implemented, which could play a key role in increasing generation and ensuring stable energy supply.

He specified that the development of renewable energy is one of the main tasks of the Ministry of Energy to increase production capacity and meet the growing needs of the country.

The minister arrived in North Khorasan province on Wednesday for a two-day visit, landing at Boynord airport, where he was met by the provincial governor and the Leader's representative in North Khorasan.

As part of his first official event, he simultaneously inaugurated 27 solar power plants installed in schools across the province, followed by the centralized opening of 7,800 residential units in Boynord's Golestan district.

The minister's itinerary on the first day in North Khorasan also included an inspection of the Serani water transfer project.

The minister's route will continue on Thursday when he visits Isfaraen county, where the opening of a 100-megawatt solar power plant and a training center building for medical workers at Isfaraen Medical University is scheduled.

The energy minister's visit to North Khorasan takes place against the backdrop of sustainable water supply, the development of renewable energy, and the completion of infrastructure projects being among the most important requirements and priorities of the province, with the Serani water transfer scheme playing a crucial role in ensuring the water security of northeastern Iran in the future.

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