New age brokerage firm Upstox reported a 44 per cent increase in brokerage revenues to Rs 1,000 crore in FY23. It made a profit
before interest, taxes, depreciation and amortization (Ebitda) of Rs 200 crore and a profit of Rs 25 crore at the consolidated level.
Upstox was net cash generating in FY23 and has also generated Rs 200 crore of operating cash flow during the last two quarters ended December 2023, the company said.
First print: January 18, 2024 | 12:59 pm IST