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Juspay Turns Profitable in FY25, Posts INR 62 Cr Net Profit

Inc42 · 1m ago

Juspay Turns Profitable in FY25, Posts INR 62 Cr Net Profit

Fintech startup Juspay became profitable in FY25, posting a net profit of INR 62 crore, reversing a loss of INR 97.5 crore from the previous year. The company's operating revenue surged 61% to INR 514.31 crore, while total expenses decreased by 5.1% to INR 421.08 crore, primarily through reduced personnel costs. Juspay's FY26 strategy involves investing in payment orchestration, payment acceptance infrastructure, and advancing technology in artificial intelligence and cybersecurity.

Related News

Juspay turns profitable, posts Rs 62 crore net profit; revenue rises to Rs 514 crore - The Economic Times

Economic Times

Economic Times · 1m ago

Juspay turns profitable, posts Rs 62 crore net profit; revenue rises to Rs 514 crore - The Economic Times

Juspay, a Bengaluru-based fintech startup, achieved profitability for the first time in FY25 with a net profit of Rs 62 crore. Its net revenue surged to Rs 514 crore, a 48% increase from the previous year. The company processes $1 trillion in annualised total payment value and has enhanced its global footprint with recent funding and partnerships, including collaboration with HSBC and expanding into Brazil. Despite previous challenges with payment aggregators, Juspay strengthened its market position.

Urban Company Turns Profitable, Posts INR 240 Cr PAT In FY25

Inc42 · 6m ago

Urban Company Turns Profitable, Posts INR 240 Cr PAT In FY25

Urban Company achieved profitability in FY25, posting a net profit of INR 239.7 crore compared to a loss of INR 92.7 crore in FY24. The hyperlocal services startup experienced a 38.2% increase in operating revenue, reaching INR 1,144.4 crore, up from INR 828 crore in the previous fiscal year. Additionally, the company's expenses rose by 19.8% to INR 1,223.4 crore, reflecting its growing scale and operational activities in the consumer services sector.

InsuranceDekho Turns Profitable, Posts INR 86 Cr PAT In FY24

Inc42 · 1y ago

InsuranceDekho Turns Profitable, Posts INR 86 Cr PAT In FY24

InsuranceDekho, an insurtech startup, recorded a net profit of INR 85.7 Cr in FY24, a significant improvement from the INR 51.6 Cr loss in FY23. The company's operating revenue also surged by 670% to INR 743.6 Cr in the fiscal year ending March 2024, compared to INR 96.5 Cr in FY23. Furthermore, InsuranceDekho is reportedly in the advanced stages of merging its operations with RenewBuy, a move that could value the combined entity at $1 billion.

WeWork India FY25: Posts INR 128 Cr Profit On Deferred Tax Gains

Inc42 · 4m ago

WeWork India FY25: Posts INR 128 Cr Profit On Deferred Tax Gains

WeWork India reported its first profitable year in FY25, with a profit after tax of INR 128.2 Cr, attributed to a deferred tax gain of INR 285.7 Cr. The company's operating revenue increased by 17% to INR 1,949.2 Cr from INR 1,665.1 Cr in FY24. Excluding the deferred tax gain, WeWork India would have reported a loss before tax of INR 156.7 Cr, a 15% increase from the previous year.

Delhivery Turns Profitable, Posts INR 11.7 Cr PAT In Q3 FY24

Inc42 · 1y ago

Delhivery Turns Profitable, Posts INR 11.7 Cr PAT In Q3 FY24

Delhivery, the logistics unicorn, has reported a consolidated profit after tax of INR 11.7 Cr in the quarter ending December 2023. This marks a significant turnaround as the company had a net loss of INR 195.6 Cr in the same quarter last year. Operating revenue for the quarter grew to INR 2,194.5 Cr from INR 1,823.8 Cr in the previous year's quarter. Delhivery also recorded an 18% YoY growth in express parcel shipments during the period.

Ex-Paytm Money CEO’s Raise Fintech Turns Profitable In FY23, Posts PAT Of INR 7.16 Cr

Inc42 · 1y ago

Ex-Paytm Money CEO’s Raise Fintech Turns Profitable In FY23, Posts PAT Of INR 7.16 Cr

Raise Financial Services, a stock broking firm founded in 2021, turned its net loss of INR 2.78 Cr in FY22 into a net profit of INR 7.16 Cr in FY23. The company witnessed a significant increase in operating revenue, soaring from INR 82.14 Lakh in FY22 to INR 20.74 Cr in FY23. Raise Financial Services primarily serves users in Tier I and II cities in India.

DroneAcharya Posts INR 15 Cr Loss In H2 FY25 Amid Topline Collapse & Regulatory Scrutiny

Inc42 · 3m ago

DroneAcharya Posts INR 15 Cr Loss In H2 FY25 Amid Topline Collapse & Regulatory Scrutiny

DroneAcharya reported a significant financial downturn in H2 FY25, with a net loss of INR 15.1 Cr compared to a profit of INR 2.2 Cr in the previous year. The company experienced a 47% decrease in operating revenue, shrinking from INR 14.3 Cr in H2 FY24 to INR 7.6 Cr. This downturn continued from H1 FY25's 72% top-line drop from INR 26.9 Cr, resulting in a marginal 1.9% annual revenue decline.

Ola Financial Services Turns Profitable In FY22, Posts INR 9 Cr Profit

Inc42 · 2y ago

Ola Financial Services Turns Profitable In FY22, Posts INR 9 Cr Profit

Ola Financial Services, the financial arm of Ola, turned profitable in FY22, posting a standalone profit of INR 8.68 crore ($1.17 million). Its operating revenue also saw a significant increase of 157% to INR 110 crore ($14.9 million) compared to the previous fiscal year. Ola Money, which offers products like Ola Money Postpaid, Ola Money Credit Card, and OlaMoney Wallet, contributed to the revenue growth by generating income through commissions, insurance sales, and advertising. The acquisition of neobank Avail Finance in FY23 is expected to further impact the financial performance of Ola Financial Services.

Amagi posts Rs 705 Cr revenue in H1 FY26; turns profitable

Entrackr

Entrackr · 1d ago

Amagi posts Rs 705 Cr revenue in H1 FY26; turns profitable

Fintrackr All Stories Amagi posts Rs 705 Cr revenue in H1 FY26; turns profitable Bengaluru-based SaaS firm Amagi's financials show that the company turned profitable in the first half of FY26, aided by strong revenue growth and improving cost efficiency. Amagi’s operating revenue grew 34.5% to Rs 705 crore in H1 FY26 from Rs 524 crore in H1 FY25, according to its financial statements included in the Red herring prospectus (RHP). The company derives the bulk of its revenue from distribution and payout services, which contributed nearly 98% of operating revenue. Income from this segment rose 36% to Rs 690 crore during the period. Revenue from AdPlus remained largely flat at Rs 15 crore. Including other income of Rs 29 crore, Amagi’s total income increased to Rs 734 crore in H1 FY26 from Rs 551 crore in H1 FY25. Employee benefit expenses, the largest cost component, rose 12.5% to Rs 386 crore and accounted for over 53% of total expenditure. Communication costs increased 32.5% to Rs 216 crore, forming nearly 30% of overall expenses. Other overheads such as legal and professional charges declined to Rs 27 crore, while travel and other expenses together added Rs 71 crore during the period. Overall, total expenses increased at a slower pace of 18.2% to Rs 722 crore in H1 FY26 from Rs 611 crore in H1 FY25. With Amagi’s revenue outpacing the expense growth, it turned profitable in the first half of FY26 and posted a profit of Rs 6.5 crore in H1 FY26, as compared to a loss of Rs 66 crore in H1 FY25. As of September 2025, the Bengaluru-based firm reported cash and bank balances of Rs 397 crore, while its current assets stood at Rs 1,177 crore.

Zappfresh Profit Zooms 94% To INR 9 Cr In FY25

Inc42 · 3m ago

Zappfresh Profit Zooms 94% To INR 9 Cr In FY25

Zappfresh, a D2C meat delivery company, reported a 94% surge in net profit to INR 9.1 crore for FY25, up from INR 4.7 crore in FY24. This increase is buoyed by a 45% growth in operating revenue, reaching INR 130.7 crore, surpassing the INR 100 crore mark. Over two years, Zappfresh's revenue more than doubled, seeing a 232% jump from INR 56.3 crore in FY23, continuing its profitable trajectory before filing its RHP.

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