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Mridul Das
Introvert!ย โขย 7m
Lenskart is preparing for an IPO at a valuation of $10 billion ๐ต( โน86,780 crore). โก๏ธ The company intends to file its Draft Red Herring Prospectus (DRHP) by May 2025, with the goal of listing on Indian stock exchanges before the end of the year. The company's financials are looking great though ๐๐ฐ๐ The company significantly reduced its net loss by 84.4%, from โน63.7 crore in FY23 to โน10.1 crore in FY24. Revenue from Operations saw a strong 43% year-on-year growth, reaching โน5,427 crore in FY24 from โน 3,788 crore in FY23. Additionally, EBITDA more than doubled, rising 112.5% from โน403 crore in FY23 to โน856 crore in FY24. Lenskart achieved a net profit on a standalone basis of โน144 crore in FY24, reflecting a 5.1% increase from โน137 crore in FY23, marking a steady financial improvement.
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