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Perfios profit jumps multifold in FY24
YourStory
·
7m ago
Medial
B2B fintech SaaS company Perfios reported a significant surge in profit for FY24, reaching Rs 71.67 crore, compared to Rs 7.79 crore the previous year. The company experienced a 37.1% increase in revenue, totaling Rs 557.8 crore in FY24. Despite a 22% rise in expenses, Perfios maintained a strong profit margin, with a majority of revenue generated from the sale of services. The company plans to use recent funding to expand internationally and enhance its technology stack.
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Related News
Astrotalk’s FY24 Profit Jumps Multifold To INR 100 Cr
Inc42
·
8m ago
Medial
Astrotalk, an online astrology startup that offers consultations with astrologers, saw a significant increase in its operating revenue. In FY24, the company's revenue jumped by nearly 130% compared to the previous year, reaching INR 651.12 crore. Astrotalk generates revenue through fees charged to customers for their consultations. Earlier this year, the startup also secured INR 110 crore in funding through a combination of primary and secondary transactions.
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Perfios' net profit rises 9x; global revenue doubles
The Arc Web
·
8m ago
Medial
Perfios Software Solutions, a credit underwriting and fraud analytics platform, recorded a consolidated revenue of Rs 557.78 crore ($66 million) in fiscal year 2024 (FY24), representing a 37% growth from the previous year. Its net profit also grew significantly to Rs 71.7 crore ($8.5 million) in FY24, marking a nine-fold increase. The company experienced significant growth in its international revenue, which doubled to Rs 52 crore ($6.2 million) in FY24. Perfios has been focusing on expanding globally, particularly in Southeast Asia. It also underwent a successful integration with Karza Technologies, a fraud analytics company it acquired in 2022. Perfios aims to become a global software-as-a-service company under the leadership of its CEO, Sabyasachi Goswami. The company's visibility and marketing efforts have increased as it aims to expand further.
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Bottomline: PE-controlled Perfios Software’s profit, revenue surge again in FY24
VCCircle
·
6m ago
Medial
Perfios Software Solutions, majority-owned by private equity and venture capital firms, achieved significant profit and revenue growth for the second consecutive year in FY24. The Bengaluru-based SaaS company's consolidated revenue from operations increased by 37% to ₹557.8 crore.
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Perfios turns profitable in FY23; revenue jumps 3X to Rs 407 Cr
Entrackr
·
1y ago
Medial
Perfios, a SaaS-based B2B fintech firm, has raised $229 million in its Series D funding round. The round was led by private equity firm Kedaara Capital and included a combination of primary and secondary sales. Perfios saw significant growth in fiscal year 2023, with its revenue from operations spiking three-fold to Rs 407 crore. The company provides a range of services for financial institutions and claims to have over 1,200 clients across 18 countries. Perfios is preparing for an IPO in the next 18-24 months and has made key hires in preparation for the listing.
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Exclusive: Perfios launches new ESOP plan worth $76 Mn
Entrackr
·
5m ago
Medial
Exclusive: Perfios launches new ESOP plan worth $76 Mn The board of Perfios has passed a resolution approving the Perfios ESOP Plan 2025, which will consist of 2,05,764 employee stock options, as per regulatory filings accessed from the Registrar of Companies. SaaS-based B2B fintech firm Perfios has introduced a new employee stock option plan named “Perfios Employee Stock Option Plan 2025-A.” The board of Perfios has passed a resolution approving the Perfios ESOP Plan 2025, which will consist of 2,05,764 employee stock options, as per regulatory filings accessed from the Registrar of Companies. Each ESOP option will be converted into equity shares and will have a total vesting period of four years. According to Fintrackr’s estimates, the newly added ESOP plan is valued at approximately Rs 645 crore (around $76 million). According to startup data intelligence platform TheKredible, Perfios has raised a total of Rs 3,644 crore across multiple funding rounds, including Rs 662 crore ($80 million) from Kedaara Capital in March 2024. This investment pushed Perfios’ valuation beyond $1 billion, making it India’s second unicorn of 2024. The company acquired fraud detection platform CustomerXPS this month in an undisclosed deal and had previously acquired fintech startup Karza Technologies for Rs 600 crore in March 2022. Perfios provides revenue analysis, fraud checks, verification, and automated customer onboarding services to financial institutions in various verticals, including consumer lending, SME lending, and wealth management. The company claims to have a presence in 18 countries and to have powered over 1,200 institutions with its offerings. Perfios has demonstrated strong financial growth, with revenue rising 37% year-on-year to Rs 558 crore in FY24 from Rs 407 crore in FY23. Additionally, the company’s profits surged 9.2X to Rs 72 crore in FY24.
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ideaForge’s Q3 Profit Jumps 16X QoQ To Touch INR 14.8 Cr
Inc42
·
1y ago
Medial
Drone manufacturer ideaForge reported a net profit of INR 14.8 Cr in Q3 FY24, a significant increase from a loss of INR 7.8 Cr in the same quarter last year. The company's operating revenue also saw a substantial rise of over 1,000% to INR 90.9 Cr in Q3 FY24. ideaForge's strong growth is attributed to its commitment to delivering high-quality products and solutions. The company's EBITDA increased to INR 26.2 Cr in Q3 FY24. Total expenses rose by 173%, primarily due to increased spending on materials consumed.
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magicpin clocks multifold growth in FY24 with improved profitability
YourStory
·
5m ago
Medial
Magicpin, a food delivery and hyperlocal ecommerce app, witnessed a threefold revenue increase to ₹870 crore in FY24 from ₹297 crore in FY23, alongside a 30% reduction in cash burn. The company aims for EBITDA breakeven in six months, noting an improved adjusted EBITDA margin of -9.8% from -39.2% the previous year. As the third-largest food delivery player, Magicpin grew significantly on the ONDC network and plans to expand its rider fleet to handle more deliveries.
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Trust Fintech’s Net Profit Jumps 3X To INR 12.5 Cr In FY24
Inc42
·
1y ago
Medial
Trust Fintech, a Nagpur-based company offering SaaS products and fintech solutions, witnessed a significant increase in operating revenue, which rose by 55.4% to INR 35 Cr in FY24 compared to INR 22.5 Cr in FY23. However, the company experienced a decline in profit and revenue in the second half of FY24, in contrast to the first half of the year. Trust Fintech recently listed on NSE Emerge.
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Delhivery reports Rs 70 Cr profit in Q4 FY25; revenue jumps 6%
Entrackr
·
2m ago
Medial
Delhivery reports Rs 70 Cr profit in Q4 FY25; revenue jumps 6% Logistics company Delhivery announced its Q4 FY25 results on Friday, reporting a 6% year-on-year increase in revenue. The Gurugram-based firm also reported a profit of Rs 72 crore during the same period. Delhivery’s revenue from operations grew to Rs 2,191 crore in Q4 FY25, according to its financial statements filed with the National Stock Exchange (NSE). For the full fiscal year (FY25), Delhivery’s operating revenue increased 10% to Rs 8,932 crore in FY25 from Rs 8,141 crore in FY24. Delhivery's primary revenue sources were its logistics services, including warehousing, last-mile logistics, and designing and deploying logistics management systems. The firm also earned Rs 112 crore from non-operating activities, bringing its total revenue to Rs 2,303 crore in Q4 FY25. Meanwhile, for the full fiscal year, total income reached Rs 9,372 crore. For Delhivery, freight handling and servicing costs made up 70% of its total expenditure, rising by 3% to Rs 1,566 crore in Q4 FY25. Employee benefit expenses decreased by 6% to Rs 337 crore. Legal, depreciation, and other overhead costs contributed to a minor decrease in overall expenditure, which reached Rs 2,249 crore during the quarter. For the full financial year ending March 2025, the firm’s total expenses rose to Rs 9,217 crore as against Rs 8,825 crore in FY24. Delhivery's continued growth and controlled expenditure resulted in a profit of Rs 72 crore in Q4 FY25, compared to a loss of Rs 68 crore in Q4 FY24. On a fiscal basis, it turned profitable and reported a net profit of Rs 162 crore in FY25 as compared to a loss of Rs 249 crore in FY24. At the close of today’s trading session, Delhivery’s share price stood at Rs 321 per share, giving the company a market capitalization of Rs 23,957 crore.
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Yatra Q3: Posts INR 1.1 Cr PAT, Revenue Jumps 23% YoY
Inc42
·
1y ago
Medial
Yatra Online, an Indian online travel aggregator, reported a consolidated net profit of INR 1.1 Cr in Q3 FY24, compared to a loss of INR 5.6 Cr in the same quarter of the previous year. Operating revenue increased by almost 23% YoY to INR 110.3 Cr in Q3 FY24. The company's domestic air passenger traffic grew by 26% YoY during the quarter. However, its EBITDA declined by 25% YoY to INR 4.8 Cr. Yatra continues to expand its corporate client base and closed 26 new corporate accounts during the quarter.
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