New-age broking firm Upstox reported a 44 per cent increase in broking revenues to Rs 1,000 crore in FY23. It clocked earnings
before interest, taxes, depreciation, and amortisation (Ebitda) of Rs 200 crore and a profit of Rs 25 crore at a consolidated level.
Upstox was net cash generative in FY23 and has also generated Rs 200 crore in operating cash during the last two quarters ended December 2023, the company said.
First Published: Jan 18 2024 | 12:59 AM IST