The Indian startup ecosystem continued to mature in FY26, with 22 new-age tech companies making their public market debut as against 13 in FY25. At the same time, a growing number of startups turned profitable or moved closer to profitability after years of cost rationalisation to adjust to the new funding realities.
Despite a tough Q4 for many startups due to geopolitical uncertainties, Indian startups are expected to improve their top and bottom line numbers in FY26.
Of the 102 startups in the tracker, 65, or about 63.7%, reported profits in FY26. However, the profitability picture remained uneven. Together, these 65 startups generated a net profit of ₹14,511.8 Cr, while the remaining 37 posted a cumulative loss of ₹30,950.8 Cr, underscoring that sustainable profitability remains a work in progress for a section of the ecosystem.
Even so, the scale of India’s startup ecosystem continued to expand. The 102 companies generated ₹4.75 Lakh Cr in operating revenue in FY26, a sharp 34.62% increase from ₹3.53 Lakh Cr in FY25.
To help you track the financial health of new-age tech companies, Inc42 has launched the FY26 Financial Tracker, bringing together key financial metrics in one place. The tracker will be updated periodically with the latest financial disclosures and deeper insights into the performance of India’s startup ecosystem.
So, without further ado, here’s a look at how Indian startups fared financially in FY26.
Editor’s Note: This list is not a ranking of any kind, the companies have been placed alphabetically. This is a running list and will be updated periodically.
Inside The FY26 Financials Of Indian Startups
Note: All amount in ₹ Cr
| Company Name | Operating Revenue (FY26) | Operating Revenue (FY25) | YoY Change In Operating Revenue (In %) | Loss/ Profit (FY26) | Loss/ Profit (FY25) | Loss/Profit Change In % YoY | Total Expenses (FY26) | Total Expenses FY25) |
Expense Change In % YoY
|
| Aakash Educational Services | 2,040.5 | 2,032.1 | 0.4% | 186.5 | 220.8 | -15.5% | 2,378 | 2,397 | 0.8% |
| AceVector | 395 | 510.4 | 29% | -45.5 | 126.3 | 64% | 575.2 | 453.8 | 27% |
| Amagi Media Labs | 1505.6 | 1162.6 | 29.50% | 71.7 | -68.7 | 1482.9 | 1274.8 | 16.32% | |
| Ather Energy | 3,671.80 | 2,255 | 62.83% | -517.2 | -812.3 | -36.33% | 4,335.21 | 3,117.50 | 39.06% |
| Atomberg Technologies | 1,293.80 | 959.5 | 35% | -117.40 | -148.9 | 26.8% | 104 | 135.4 | 30.60% |
| ArisInfra Solutions | 1,067.50 | 767 | 39.18% | 60.3 | 6 | 905.00% | 998.80 | 762.30 | 31.02% |
| AvenuesAI | 8,115.80 | 3,992.60 | 103.27% | 294.9 | 236 | 24.96% | 7856 | 3767.8 | 108.50% |
| AVPL International | 84.5 | 106.8 | 26.3% | 14.1 | 14.2 | 1.3% | 65.6 | 88.3 | 34.7% |
| Awfis | 1,493.50 | 1,207.50 | 23.69% | 70.9 | 67.9 | 4.42% | 1,513.90 | 1,217.10 | 24.39% |
| Aye Finance | 1,814.70 | 1,459.70 | 24.32% | 193.6 | 171.3 | 13.02% | 1,615.90 | 1,280 | 26.24% |
| Bewakoof | 243.1 | 173 | 40.5% | -335.6 | -247.9 | 35.4% | 87.4 | 73.2 | 19.4% |
| BlackBuck | 652 | 426.7 | 52.80% | 163.7 | -8.6 | 998.80 | 762.30 | 31.02% | |
| BlueStone | 2,436.40 | 1,770 | 37.65% | 13.2 | -221.8 | 2,467.30 | 2,049.90 | 20.36% | |
| Bombay Shaving Company | 634.7 | 265.6 | 139% | -9 | -58.2 | -97.4% | 649.6 | 329.1 | 97.7% |
| Cashfree Payments | 640.1 | 967 | 51.10% | 154.1 | 118.5 | 23.10% | 794.7 | 1,090.90 | 37.30% |
| Capillary Technologies | 748.3 | 598.2 | 25.09% | 52.4 | 14.1 | 271.63% | 641.7 | 533.3 | 20.33% |
| Captain Fresh | 5,092.9 | 3,352.3 | 51.9% | 19.6 | 42.4 | -53.8% | 5,063 | 3,369.5 | 50.3% |
| CarTrade | 779.3 | 641.5 | 21.48% | 243.5 | 145.3 | 67.58% | 573.4 | 543 | 5.60% |
| Cult.fit | 1720.6 | 1215.5 | 41.55% | -251.9 | -480.8 | -47.61% | 2027.6 | 1751.6 | 15.76% |
| Delhivery | 10,508.30 | 8,931.90 | 17.65% | 152.5 | 162.1 | -5.92% | 10,707.80 | 9,216.70 | 16.18% |
| DevX | 225.9 | 158.9 | 42.16% | 8.8 | 1.8 | 388.89% | 219.9 | 175.1 | 25.59% |
| DroneAcharya | 14.7 | 34.5 | -57.39% | 0.4 | -13.5 | 17.8 | 54.6 | -67.40% | |
| E2E Networks | 245.6 | 164 | 49.76% | -15.6 | 47.5 | 300.8 | 140.6 | 113.94% | |
| EaseMyTrip | 535.6 | 587.3 | -8.80% | -47.6 | 108.6 | 572.7 | 460.3 | 24.42% | |
| ESDS | 472 | 361 | 30.69% | 120.8 | 55.6 | 117.27% | 313 | 294 | 6.53% |
| Eternal | 54,364 | 20,243 | 168.56% | 366 | 527 | -30.55% | 55,145 | 20,623 | 167.40% |
| Fibe | 1584.5 | 1208.9 | 31.07% | 257.4 | 113.7 | 126.39% | 1215.1 | 1068.3 | 13.74% |
| FINO Payments Bank | 248.2 | 195.2 | 27.15% | 52.5 | 92.5 | -43.24% | 1516.1 | 1738.7 | -12.80% |
| Finova | 921.4 | 762.3 | 21% | 165.3 | 185 | -11% | 700 | 513.8 | 36.20% |
| FirstCry | 8547.9 | 7659.6 | 11.60% | -203.6 | -264.8 | -23.11% | 8285.6 | 7429.6 | 11.52% |
| Flipkart | 145,880 | 123,451 | 18% | -8,468 | -8,646 | -2.10% | 154,781 | 133,400 | 154,781 |
| Fractal | 3,362.6 | 2,816.2 | 19.40% | 286.8 | 220.6 | 30.01% | 2,974.6 | 2,575.5 | 15.50% |
| Furlenco | 370.4 | 228.7 | 61.90% | 59.5 | 3.1 | 1813% | 343.9 | 236.9 | 45.10% |
| Go Digit | 11294 | 10282 | 9.84% | 544.3 | 424.9 | 28.10% | 9279.8 | 8864.9 | 4.68% |
| Groww | 4,645 | 3,901.70 | 19.04% | 2,083 | 1,824.40 | 14.17% | 1,992 | 1,597 | 24.77% |
| Honasa (Mamaearth) | 2,391.90 | 2,066.90 | 15.72% | 200.2 | 72.7 | 175.38% | 2,213.30 | 2,056.10 | 7.65% |
| ideaForge | 226.1 | 161.2 | 40.26% | -17 | -62.3 | 72.70% | 268.4 | 244.8 | 9.64% |
| IndiaMART | 1569 | 1388.4 | 13.01% | 474.7 | 550.7 | -13.80% | 1070.4 | 905.9 | 18.16% |
| Indiqube Spaces | 1450.8 | 1059.3 | 36.96% | -106.3 | -139.6 | -23.85% | 1663.2 | 1260.2 | 31.98% |
| Info Edge | 3,284.7 | 2849.5 | 15.27% | 1,762.8 | 1,309.9 | 34.58% | 2262.5 | 2021.2 | 11.94% |
| Innoviti | 118.9 | 142.6 | 16.70% | -26.7 | -62.1 | 57.10% | 148.9 | 206.6 | 27.90% |
| ixigo | 1275.3 | 932.2 | 36.81% | 71.5 | 60.2 | 18.77% | 1172.8 | 846.1 | 38.61% |
| Klassroom | 23 | 10 | 128% | 7.6 | 2.9 | 162% | 13.6 | 7 | 94.29% |
| LenDenClub | 338 | 236.4 | 43% | 96.2 | 34 | 183% | 241.7 | 189.1 | 28% |
| Justdial | 1213.9 | 1141.9 | 6.31% | 497 | 584.2 | -14.93% | 910.4 | 864.3 | 5.33% |
| Kissht | 2179.2 | 1337.5 | 62.93% | 281.4 | 160.6 | 75.22% | 1832.4 | 1136.4 | 61.25% |
| Knya | 110 | 60 | 83.3% | 10 | 3 | 233.3% | 100 | 57 | 75.4% |
| LEAD Group | 368.7 | 351.8 | 9.9% | -34.5 | -43.3 | -20.3% | 426.5 | 410.7 | 3.8% |
| Lenskart | 8,814 | 6,652.50 | 32.49% | 500.9 | 297.3 | 68.48% | 8,287.90 | 6,619.50 | 25.20% |
| MapmyIndia | 474.1 | 463.2 | 2.35% | 134 | 147.6 | -9.21% | 330.8 | 306.1 | 8.07% |
| Matrimony | 460 | 455.8 | 0.92% | 34.2 | 45.3 | -24.50% | 440 | 431.6 | 1.95% |
| Meesho | 12,626.30 | 9,389.90 | 34.47% | -1,357.70 | -3,942 | -65.56% | 14,167.20 | 10,009.30 | 41.54% |
| Menhood | 41.4 | 23.6 | 75.42% | 3.1 | 2.6 | 19.23% | 38.4 | 20.4 | 88.24% |
| Minimalist | 506.5 | 690.2 | 36.30% | -270.5 | 25.9 | 497.1 | 664.9 | 33.80% | |
| Mobavenue AI Tech | 218.5 | 86.7 | 152.02% | 29.3 | 9.7 | 202.06% | 179.3 | 73.8 | 142.95% |
| MobiKwik | 1,119.20 | 1,170.20 | -4.36% | -62.1 | -121.5 | -48.89% | 1,159.40 | 1,271.90 | -8.85% |
| Moneyview | 3,351.2 | 2,339.1 | 43.3% | 242.7 | 240.3 | 1% | 2,870.3 | 2,059.3 | 39.4% |
| Navi | 2,981.7 | 2,565 | 16% | 465.9 | 126.4 | 268.6% | 2,729.1 | 3,514.4 | 28.8% |
| Nazara Tech | 1829 | 1623.9 | 12.63% | 81.9 | 51 | 60.59% | 1833 | 1629.9 | 12.46% |
| Niyo | 158 | 87.8 | 80.1% | -32.6 | -77.9 | 58.1% | 212.7 | 178.4 | 19.2% |
| NoPaperForms | 11.9 | 1.9 | 526.32% | 115.7 | 92.3 | 25% | 111.5 | 94.2 | 18% |
| Nykaa | 10,022.30 | 7,949.82 | 26.07% | 203.9 | 72.1 | 182.80% | 9707.5 | 7850 | 23.66% |
| Ola Electric | 2,253 | 4,514 | -50.09% | -1,833 | -2,276 | -19.46% | 3,245 | 6,253 | -48.10% |
| Oxyzo | 1,488.8 | 1,207.4 | 23% | 375.5 | 339.2 | 11% | 989.2 | 682.5 | 31% |
| Paytm | 8,437 | 6,900 | 22.28% | 552 | -663 | 8,521 | 9,096 | -6.32% | |
| PB Fintech (Policybazaar) | 6,794 | 4,977 | 36.50% | 670 | 352.2 | 90.26% | 6,458 | 5,040 | 28.14% |
| PharmEasy | 6,618.50 | 5,872.20 | 13% | -520 | -1,572 | -67% | 7,209 | 7,147.40 | 11% |
| PhonePe | 7,920.5 | 7,105 | 11.50% | -2,792 | -1,727.40 | 62% | 10,588.5 | 9,116.5 | 16% |
| Physics Wallah | 3,899.50 | 2,886.60 | 35.09% | -24.17 | -243.26 | -90.06% | 4,068.80 | 3,264.80 | 24.63% |
| Pine Labs | 2710.6 | 2274.3 | 19.18% | 112.5 | -145.5 | 2,706.40 | 2,426.90 | 11.52% | |
| Porter | 4306.2 | 6,650 | 54.40% | 102.4 | 55.3 | 314.1% | 6,505.4 | 4,286.3 | 51.8% |
| PRISM | 9,358 | 6,252.8 | 49.7% | 994.2 | 244.8 | 306.1% | 6,764.1 | 5,169.3 | 30.9% |
| Purple Style Labs | 557.8 | 489.9 | 13.9% | -285.4 | -188.4 | 51.5% | 734.5 | 559.6 | 31% |
| Rebel Foods | 1,951.6 | 1,617.4 | 0.2 | 281.8 | 336.6 | 16.3% | 1,986.6 | 2,265.9 | 14.1% |
| RENEE | 440 | 320 | 38% | -36 | -67 | 46% | 290 | 200 | 45% |
| RentoMojo | 387 | 266 | 45.50% | 104.2 | 43.1 | 142% | 323.9 | 228.9 | 41.50% |
| SEDEMAC Mechatronics | 1,058.4 | 658.4 | 60.75% | 103.6 | 47.1 | 119.96% | 913.5 | 594.8 | 53.58% |
| Shadowfax | 4,202.40 | 2,485.10 | 69.10% | 111.7 | 6.4 | 1645.31% | 4,127.90 | 2,509 | 64.52% |
| Shiprocket | 2024.1 | 1632 | 24% | -79.2 | -74.4 | 6.5% | 2153.4 | 1749.3 | 23.1% |
| slice | 979.9 | 409.2 | 139.47% | 48.4 | -216.7 | 1,354.30 | 820.5 | 65.1% | |
| Snabbit | 12.2 | 0.3 | 3996.70% | -167.8 | -5.7 | 2843.90% | 194.8 | 7 | 2764.70% |
| Swiggy | 23,053 | 15,227 | 51.40% | -4,154 | -3,117 | 33.27% | 27,701 | 18,725 | 47.94% |
| Table Space | 2,262.3 | 1,360.5 | 66.30% | -403.4 | -1,554.10 | -74% | 2,383.20 | 1,540.20 | 54.70% |
| TAC Infosec | 57.3 | 30.5 | 87.87% | 26.3 | 14.8 | 77.70% | 29.3 | 16.4 | 78.66% |
| TBO Tek | 2677.5 | 1737.5 | 54.10% | 244.3 | 229.9 | 6.26% | 2437.8 | 1537.4 | 58.57% |
| Tonbo Imaging | 362.6 | 469.1 | -22.70% | 50.9 | 72.7 | 30% | 299.9 | 215.3 | 19.90% |
| Turtlemint | 1,098.30 | 662.7 | 65.73% | -184.3 | -194.1 | 5% | 1247 | 882.6 | 41.29% |
| Tracxn | 83.9 | 84.4 | -0.59% | -7.9 | -9.5 | -16.84% | 90.7 | 90.4 | 0.33% |
| Unicommerce | 204.3 | 134.8 | 51.56% | 20.5 | 17.6 | 16.48% | 179.6 | 116.1 | 54.69% |
| Urban Company | 1,556 | 1,144 | 36.01% | -235 | 240 | 1,835.70 | 1,223.50 | 50.04% | |
| Veefin Solutions | 345.1 | 78.6 | 339.06% | 32 | 16.2 | 97.53% | 300.1 | 60 | 400.17% |
| Wakefit | 1,488.90 | 1,273.70 | 16.90% | 189.2 | -35 | 1,440 | 1,340.40 | 7.39% | |
| WeWork India | 2,440.10 | 1,949.20 | 25.18% | 74.9 | 128.2 | -41.58% | 2,435.30 | 2132.9 | 14.18% |
| WROGN | 243.9 | 223.2 | 9.3% | 88.4 | 75.5 | 17.1% | 342.4 | 312.6 | 9.5% |
| Yatra | 1,006.50 | 791.4 | 27.18% | 46.8 | 36.6 | 27.87% | 979.8 | 788.1 | 24.32% |
| Zaggle | 1,852.8 | 1,302.60 | 42.24% | 132.8 | 87.5 | 51.77% | 1,712.1 | 1,209.7 | 41.53% |
| Zappfresh | 220.8 | 130.7 | 68.94% | 14.4 | 90.3 | -84.05% | 198.8 | 119.8 | 65.94% |
| Zelio E-Mobility | 310.7 | 172.2 | 80.43% | 28.4 | 16 | 77.50% | 279.3 | 154.4 | 80.89% |
| Zepto | 22,623.60 | 11,109.90 | 103.63% | -5,905.20 | -4,699.70 | 25.65% | 29,026.70 | 16,241.10 | 78.72% |
| Zerodha Fund House | 16.8 | 9.4 | 78.7% | -5.1 | -8.2 | -37.8% | 21.1 | 16.3 | 29.4% |
| Zetwerk | 15,913.30 | 11,331.90 | 40.40% | -1,606.20 | -370.7 | 333.30% | 11,552 | 16,141.70 | 39.70% |
Aakash’s Loss Narrows 15% YoY
The test-prep major managed to narrow its net loss by 15.5% to ₹186.5 Cr in FY26 from ₹220.8 Cr in the previous fiscal year. The improvement in the bottom line came despite its top line remaining flat. Operating revenue rose 0.4% to ₹2,040.5 Cr from ₹2,032.1 Cr in FY25.
Total expenses rose almost 1% to ₹2,397.8 Cr from ₹2,378 Cr in the previous fiscal year.
Read More: Aakash Trims FY26 Loss By 16% To ₹186.5 Cr, Top Line Flat At ₹2,040 Cr
AceVector Trims Loss 64% YoY To ₹45.5 Cr
Ahead of its IPO, Snapdeal parent AceVector’s restated net loss declined nearly 64% to ₹45.5 Cr in FY26 from ₹126.3 Cr in the previous year. This came as operating revenue jumped 29.2% to ₹510.3 Cr during the period under review from ₹395 Cr in FY25.
Meanwhile, total expenses rose 26.8% to ₹575.2 Cr in FY26 from ₹453.8 Cr in the previous year.
Read More: Snapdeal Parent AceVector’s FY26: Loss Declines 64% YoY To ₹46 Cr
Amagi Turns Profitable
Media SaaS company Amagi recorded a net profit of ₹71.7 Cr in FY26 as against a loss of ₹68.7 Cr in the previous year. Operating revenue grew 29.5% to ₹1,505.6 Cr from ₹1,162.6 Cr in FY25.
Its total expenses jumped 16.3% during the period under review to ₹1,482.9 Cr from ₹1,274.8 Cr in the previous year. Meanwhile, employee benefit expenses rose 11.8% YoY to ₹777.2 Cr from ₹694.8 Cr earlier.
Read More: Amagi Posts ₹34 Cr Profit In Q4, Revenue Jumps 29% YoY
ArisInfra’s Profit Jumps 10X
B2B ecommerce company ArisInfra Solutions saw its net profit grow over 10X in FY26 to ₹60.3 Cr from ₹6 Cr in FY25. Operating revenue grew 39.9% to ₹1,067.5 Cr from ₹767 Cr in the previous year.
Its expenses rose 31% to ₹998.8 Cr in FY26 from ₹762 Cr in FY25. Employee costs stood at ₹494.7 Cr during the year under review.
Read More: ArisInfra Posts ₹21.7 Cr Profit In Q4, Revenue Jumps 55% YoY
Ather Energy Trims Loss To ₹517 Cr
EV major Ather Energy managed to trim its net loss by 36% to ₹517.2 Cr in FY26 from ₹812.3 Cr in the previous fiscal year. Operating revenue rose 62.8% to ₹3,671.8 Cr from ₹2,255 Cr in FY25.
Its expenses rose 53.7% during the period under review to ₹2,808.1 Cr from ₹1,826.88 Cr in FY25, around a quarter of which went towards employee benefits. The company reported a drag on its production line due to China’s export ban on rare earth magnets, which led to lower revenue recognition during the year.
Read More: Ather Energy Q4: Loss Declines 57% YoY To ₹100 Cr
Atomberg’s Loss Widens 27% YoY To ₹149 Cr
IPO-bound consumer appliances maker Atomberg’s net loss widened 26.8% to ₹148.9 Cr in FY26 from ₹117.4 Cr in the previous fiscal year.
At the same time, its operating revenue jumped 34.8% YoY to ₹1,293.8 Cr from ₹959.5 Cr in FY25. Atomberg’s total expenses increased 30.6% to ₹1,460 Cr in FY26 from ₹1,118.1 Cr in the previous fiscal year.
Read More: IPO-Bound Atomberg’s Loss Widens 27% YoY To ₹149 Cr In FY26
AvenuesAI’s Profit Jumps 25% YoY
Fintech company AvenuesAI (formerly Infibeam Avenues) reported a net profit of ₹294.9 Cr in FY26, up 25% from ₹236 Cr in the previous year. Operating revenue jumped 103% to ₹8,115.9 Cr from ₹3,992.6 Cr in FY25.
The company’s expenses during the year stood at ₹7,856 Cr, up 108% from ₹3,767.8 Cr in the previous fiscal year. The company rebranded to its current name in December 2025 to position itself as an AI-driven digital payments company.
Read More: AvenuesAI Q4: Profit Jumps 63% YoY To ₹89 Cr
AVPL International’s Profit Remains Flat YoY At ₹14 Cr
The dronetech startup’s parent AITMC Ventures reported a net profit of ₹14.2 Cr in FY26, a meagre 1% increase from the previous year’s profit of ₹14.1 Cr. However, AVPL’s operating revenue jumped 26.3% to ₹106.8 Cr in FY26 from ₹84.5 Cr in the previous financial year.
Its total expenditure increased 34.7% to ₹88.3 Cr in FY26 from ₹65.6 Cr in the last fiscal year. Owing to this, the startup’s net profit margin fell to around 13.3% in FY26 from 16.7% in FY25, while EBITDA margin fell from 34.4% in FY25 to 27.2% in FY26.
Read More: AITMC’s FY26 Profit Remains Flat At ₹14.2 Cr, Revenue Up 26%
Awfis Sees Marginal Uptick In Profit
Coworking space provider Awfis’ net profit rose 4.3% YoY to ₹70.8 Cr during the year under review from ₹67.9 Cr in FY25. Operating revenue for the full fiscal jumped around 24% to ₹1,493.5 Cr from ₹1,207.5 Cr reported in the previous year.
Total expenses rose 24.4% YoY to ₹1,514 Cr from ₹1,217.1 Cr in FY25.
Read More: Awfis Q4: Profit Doubles YoY To ₹23 Cr, Revenue Up 23%
Aye Finance Posts 13% Rise In Profit
Aye Finance reported a net profit of ₹193.6 Cr in FY26, a 13% increase compared to ₹171.3 Cr in FY25. Operating revenue grew 24.3% to ₹1,814.7 Cr during the period under review from ₹1,459.7 Cr in FY25.
Total expenses grew at a marginally higher pace than the revenue, rising 26.2% to ₹1,615.9 Cr in the fiscal year from ₹1,280 Cr. Employee expenses rose 43.8% YoY during the period to ₹1,784.6 Cr.
Read More: Aye Finance Q4: Profit Zooms Over 2X YoY To ₹86 Cr
Bewakoof’s Loss Jumps 19% To ₹87 Cr
D2C streetwear brand Bewakoof’s net loss widened 19.4% to ₹87.4 Cr in FY26 from ₹73.2 Cr in FY25, despite a 40.6% rise in operating revenue to ₹243.1 Cr from ₹173 Cr. However, its EBITDA loss narrowed 7.2% to ₹54.8 Cr from ₹59 Cr in the previous year.
Total expenses rose 35.4% YoY to ₹335.6 Cr in FY26. Employee benefit expenses grew 10.6% to ₹28.4 Cr, while the cost of materials consumed surged 67.4% YoY to ₹63.6 Cr.
Read More: Bewakoof’s FY26 Net Loss Jumps Nearly 20% To ₹87.4 Cr
BlackBuck Turns Profitable
Logistics company BlackBuck reported a net profit of ₹163.7 Cr in FY26 as against a net loss of ₹8.6 Cr in the previous year. Its operating revenue surged 52% to ₹652 Cr from ₹426.7 Cr in FY25.
Total expenses grew 31% to ₹998.8 Cr during the year from ₹147 Cr in FY25, while employee expenses grew 8.9% to ₹160 Cr.
Read more: BlackBuck Q4 Profit Slumps 77% To ₹66 Cr Despite 52% YoY Revenue Growth
BlueStone Reports First Profitable Year
Omnichannel jewellery brand BlueStone reported its first full year of profitability in FY26, posting a net profit ₹13.2 Cr as against a net loss of ₹221.8 Cr in the previous year.
The company’s operating revenue grew 37.6% to ₹2,436.4 Cr from ₹1,770 Cr in FY25. Its expenses during the fiscal rose 20% YoY to ₹2,467.3 Cr, while employee benefit costs jumped almost 40% to ₹282.4 Cr.
Read More: BlueStone Q4: Profit At ₹31 Cr, Revenue Jumps 48% YoY To ₹697 Cr
Bombay Shaving Company’s Loss Narrows 97% YoY
D2C grooming and personal care brand Bombay Shaving Company’s parent, Visage Lines Personal Care, saw its net loss narrow 97.4% to ₹9 Cr in FY26 from ₹58.2 Cr in the previous fiscal. Its operating revenue jumped 139% to ₹634.7 Cr from ₹265.6 Cr in FY25.
Total expenses during the year stood at ₹649.6 Cr, up 97.7% from ₹329.1 Cr in the previous year. The largest expense head during the fiscal was the purchase of goods, which jumped 159% YoY to ₹404.9 Cr, even as employee costs rose just 9% YoY to ₹47.3 Cr.
Read More: Bombay Shaving Company Claims Adjusted EBITDA Profitability In FY26
Captain Fresh’s Profit Slides 54% YoY To ₹19.6 Cr
B2B seafood brand Captain Fresh’s consolidated net profit declined 54% to ₹19.6 Cr in FY26 from ₹42.4 Cr in FY25. The fall in profit came despite a 52% jump in operating revenue to ₹5,093 Cr from ₹3,352.3 Cr in FY25.
The startup’s bottom line was weighed down by multiple one-time costs and higher expenses, which rose over 50% to ₹5,063 Cr from ₹3,369.5 Cr in FY25. Notably, employee benefit expenses jumped 120% YoY to ₹426 Cr from ₹194.8 Cr in the previous year.
Read More: Captain Fresh’s FY26 Profit Halves To ₹20 Cr Despite 52% YoY Revenue Jump
Capillary Technologies’ Profit Crosses ₹50 Cr Mark
SaaS major Capillary Technologies’ net profit skyrocketed 271% to ₹52.4 Cr in FY26 from ₹14.1 Cr in the previous fiscal year. Operating revenue grew 25.1% to ₹748.3 Cr from ₹598.2 Cr in FY25.
Total expenses during the year stood at ₹641.7 Cr, up 20.3% from ₹533.3 Cr in FY25.
Read More: Capillary Technologies Q4: PAT Jumps 341% YoY To ₹43.3 Cr
CarTrade’s Profit Zooms 68%
Auto classifieds platform CarTrade’s profit surged 67.6% to ₹243.5 Cr in FY26 from ₹145.3 Cr in the previous fiscal year. Operating revenue increased 21.5% to ₹779.3 Cr during the year under review from ₹641.5 Cr in FY25.
Meanwhile, total expenses rose a mere 5.6% YoY to ₹573.4 Cr during the year under review. EBITDA improved 70% to ₹257 Cr.
Read More: CarTrade Q4: Profit Jumps 53% YoY To ₹71 Cr
Cult.fit Halves Loss Ahead Of IPO
Fitness startup Cult.fit’s net loss narrowed 47.6% YoY to ₹252 Cr in FY26 from ₹481 Cr in FY25. Operating revenue zoomed 41.5% in FY26 to ₹1,720.6 Cr from ₹1,215.5 in the previous fiscal year.
The gym operator incurred ₹2,027.6 Cr in expenses during the year, up 15.8% from ₹1,751.6 Cr a year ago. Cult.fit’s employee benefit costs dropped 12.2% in FY26 to ₹347.4 Cr from ₹305.2 Cr in FY25.
Read More: Cult.fit Files Draft Papers For ₹4,000 Cr IPO
Cashfree Payments Trims Loss 23% YoY To ₹119 Cr
Fintech startup Cashfree Payments managed to trim its net losses by 23% to ₹118.5 Cr in FY26 compared to ₹154.1 Cr in the year ago period. Its operating revenue zoomed 50% to ₹967 Cr during the year from ₹640.1 Cr in FY25.
In line with the top line growth, the fintech soonicorn’s total expenses zoomed 37% to ₹1,090.9 Cr in FY26 from ₹794.7 Cr in the year ago fiscal.
Read More: Cashfree FY26: Revenue Inches Closer To ₹1,000 Cr Mark
Delhivery’s Profit Declines 6%
Logistics major Delhivery’s net profit contracted nearly 6% to ₹152.5 Cr from ₹162.1 Cr in FY25. The decline in the bottom line came despite a 17.6% jump in its operating revenue to ₹10,508.3 Cr from ₹8,932 Cr in FY25.
Total expenses during the year stood at ₹10,707.8 Cr, up 16.2% from ₹9,216.7 Cr in FY25.
Read More: Delhivery Q4: Profit Flat At ₹72.4 Cr Despite 30% YoY Revenue Growth
DevX’s Profit Zooms 4X To ₹8.8 Cr
Coworking space provider DevX’s net profit jumped 389% to ₹8.8 Cr in FY26 from ₹1.8 Cr in the previous fiscal. Operating revenue zoomed 42% to ₹225.9 Cr from ₹158.9 Cr in FY25.
Total expenses increased 25% to ₹220 Cr from ₹175 Cr in FY25. However, employee costs jumped almost 50% in FY26 to ₹197 Cr from ₹132 Cr a year ago.
Read More: DevX Swings Back To The Black, Reports ₹8 Cr Profit In Q4
DroneAcharya Back In The Black
Dronetech company DroneAcharya managed to turn profitable in FY26, posting a net profit of ₹37.2 Lakh against a net loss of ₹13.5 Cr in the previous fiscal. The company’s operating revenue for the fiscal plunged 57% to ₹14.7 Cr from ₹34.5 Cr in FY25.
Meanwhile, its expenses plunged 67.4% to ₹17.8 Cr during the fiscal from ₹54.6 Cr reported in FY25. DroneAcharya registered an EBITDA of ₹7.1 Cr during the fiscal year, while its EBITDA margin stood at 48.4%.
Read More: DroneAcharya H2: Net Loss Narrows 89% YoY To ₹1.6 Cr
E2E Networks Slips Into Loss
AI cloud service provider E2E Networks posted a net loss of ₹15.6 Cr in FY26 as against a net profit of ₹47.5 Cr in FY25. Its operating revenue surged almost 50% during this time to ₹245.6 Cr from ₹164 Cr recorded in FY25.
However, expenses more than doubled in FY26 to ₹300.8 Cr, up 114% from ₹140.6 Cr in FY25, leading to contraction in margins. Meanwhile, its employee benefit costs jumped 59% YoY to ₹37.4 Cr.
Read More: AI Cloud Service Provider E2E Networks Debuts On BSE Mainboard
EaseMyTrip Slips Into The Red
Online travel aggregator EaseMyTrip posted a net loss of ₹47.5 Cr in FY26 as against a profit of ₹108.6 Cr in the previous fiscal year. Revenue from operations also declined 8.8% to ₹535.7 Cr from ₹587.3 Cr in FY25.
The company’s EBITDA tanked more than 85.8% YoY to ₹22.9 Cr in FY26, while EBITDA margin shrank to 4% from 26.7% in FY25. Its expenses during the year stood at ₹572.7 Cr, up 24% YoY.
Read More: EaseMyTrip Bleeds In Q4, Posts ₹15 Cr Loss
ESDS’ Profit Skyrockets 2.2X YoY To ₹121 Cr
Ahead of a bumper IPO, the enterprise cloud and AI company more than doubled its profit to ₹120.8 Cr in FY26 from ₹55.6 Cr in the previous fiscal year. Operating revenue surged 30.7% to ₹472 Cr from ₹361 in FY25.
The improvement in profitability came as ESDS reigned in expenses, which grew 6.5% to ₹313 Cr from ₹294 Cr earlier.
Read More: Caught In The GPU Pricing Paradox, Can ESDS Deliver A Bumper IPO?
Eternal’s Profit Declines 31%
Zomato parent Eternal’s net profit declined 31% to ₹366 Cr in FY26 from ₹527 Cr in the previous year, as the company continued its investment in quick commerce platform Blinkit.
Its operating revenue jumped over 168.6% to ₹54,364 Cr from ₹20,243 Cr in FY25, driven largely by growth in Blinkit and its transition to an inventory-led model. Total expenses grew 167.4% to ₹55,145 Cr during the year under review from ₹20,623 Cr in FY25.
Read More: Eternal Q4: Profit Surges 4.5X YoY To ₹174 Cr
Fibe More Than Doubles Profit Ahead Of IPO
IPO-bound digital lending startup Fibe’s net profit jumped 126.4% in FY26 to ₹257.4 Cr from ₹113.7 Cr in FY25. Its operating revenue increased 31.1% to ₹1,584.5 Cr from ₹1,209 Cr in the prior year.
The fintech startup’s expenses during the fiscal year under review grew 13.7% to ₹1,215.1 Cr from ₹1,068.3 Cr a year ago.
Read More: IPO-Bound Fibe’s FY26 PAT More Than Doubles To ₹257 Cr
Fino Payments Bank’s PAT Slumps 43% YoY
Fino Payments Bank’s net profit declined 43% to ₹52.5 Cr from ₹92.5 Cr in FY25. Its operating revenue jumped 27.1% to ₹248.2 Cr in FY26 from ₹195.2 Cr in the previous fiscal year.
The company managed to trim its expenses by 12.8% to ₹1,516 Cr from ₹1,738.7 Cr in the previous year. Employee benefit expenses rose 4.5% YoY to ₹222.3 Cr.
Read More: Fino Q4: Profit Plummets 70% YoY TO ₹7.1 Cr
Finova Capital’s Profit Declines 11% YoY To ₹165 Cr
The Peak XV Partners-backed lending tech startup reported an 11% decline in its net profit in FY26 to ₹165.3 Cr from ₹185 Cr in the previous fiscal year.
Operating revenue grew 21% to ₹921.4 Cr from ₹762.3 Cr in the previous year. This came even as its loan disbursements fell 17% to ₹1,161.9 Cr in FY26 from ₹1,396.9 Cr in the previous fiscal.
Meanwhile, Finova’s total expenses surged by more than a third to nearly ₹700 Cr from ₹513.8 Cr in the previous year.
Read More: Finova Capital’s FY26 PAT Dips 11% To ₹165 Cr
FirstCry’s Loss Narrows 23%
Omnichannel kidswear brand FirstCry managed to trim its net loss to ₹203 Cr in FY26, down 23.1% from ₹264.8 Cr reported in the previous year. Its operating revenue grew 11.6% to ₹8,547.9 Cr from ₹7,659.6 Cr in FY25.
Total expenses grew in tandem with the revenue, rising 11.5% to ₹8,285.6 Cr from ₹7,429.6 Cr in FY25.
Read More: FirstCry Q4: Loss Narrows 57% YoY to ₹48 Cr, Revenue Up 12%
Flipkart Group’s Loss Dips 2.1% YoY
The ecommerce giant’s consolidated net loss narrowed marginally by 2.1% to ₹8,468 Cr in FY26 from ₹8,646 Cr in FY25. The decline came despite an 18.2% jump in its operating revenue to ₹1.45 Lakh Cr from ₹1.23 Lakh Cr.
Notably, its B2C arm, Flipkart Internet, reported a 19.3% YoY decline in operating revenue to ₹16,295 Cr.
Flipkart Group’s total expenses rose 16% to ₹1.54 Lakh Cr in FY26 as against ₹1.33 Lakh Cr in the previous year.
Read More: Flipkart Group FY26: Revenue Nears ₹1.5 Lakh Cr, Loss Narrows To ₹8,468 Cr
Fractal’s Profit Zooms 30%
AI and analytics company Fractal reported a 30% rise in its net profit to ₹286.8 Cr in FY26 from ₹220.6 Cr in the previous fiscal year. Operating revenue grew 19.4% to ₹3,362.6 Cr from ₹2,816.2 Cr in FY25.
Total expenses during the fiscal year stood at ₹2,974.6 Cr, up 15.5% from ₹2,575.5 Cr in FY25. Notably, employee expenses accounted for 77% of the total expenditure during the year at ₹2,291.4 Cr.
Read More: Fractal Q4: Profit Doubles YoY To ₹116 Cr
Furlenco’s PAT Skyrockets About 20X YoY To ₹59.5 Cr
Furniture rental startup Furlenco saw its net profit in FY26 jump to ₹59.5 Cr from ₹3.1 Cr in FY25. The startup’s operating revenue surged 61.9% YoY to ₹370.4 Cr in FY26 from ₹228.7 Cr in the previous year.
Meanwhile, its total expenditure increased 45.1% YoY to ₹343.9 Cr in FY26, from ₹236.9 Cr in the previous fiscal year.
Read More: Furlenco’s FY26 Profit Surges Multifold To ₹59.5 Cr, Revenue Up 62% YoY
Go Digit’s Profit Jumps 28%
Insurtech company Go Digit General Insurance’s profit rose 28% to ₹544.4 Cr in FY26 from ₹424.9 Cr in FY25. Its gross premium written during this period stood at ₹11,294 Cr, up almost 10% from ₹10,282 Cr in FY25.
Meanwhile, it incurred ₹9,280 Cr in expenses during the fiscal, up 5% from ₹8,865 Cr in FY25. The company sold 1.67 Cr policies in FY26.
Read More: Go Digit Q4: Net Profit Surges 29% YoY To ₹149 Cr
Groww’s Profit Crosses ₹2,000 Cr Mark
Discount broker Groww’s net profit surged 14% to ₹2,083 Cr in FY26 from ₹1,824.4 Cr in the previous fiscal year. Operating revenue for the year grew 19% to ₹4,644.6 Cr from ₹3,901.7 Cr in FY25.
Total expenses in FY26 stood at ₹1,992 Cr, up nearly 25% from ₹1,597 Cr in the previous year. Meanwhile, employee benefit expenses grew 87.4% YoY to ₹590.8 Cr during the period under review.
Read More: Groww Q4: Profit Zooms 122% To ₹686 Cr
Honasa’s Profit Surpasses ₹200 Cr Mark
Mamaearth parent Honasa Consumer recorded a net profit of ₹200.2 Cr in FY26, up 175.4% from ₹72.7 Cr in the previous fiscal year. Operating revenue grew 15.7% to ₹2,391.9 Cr from ₹2,066.9 Cr in FY25.
EBITDA skyrocketed 237% to ₹231 Cr from ₹69 Cr in FY25, while total expenses declined almost 2% YoY to ₹2,213 Cr. The beauty and personal care company credited its younger brands like The Derma Co., Aqualogica, Dr Sheth’s, BBlunt, Staze and Reginald Men for the growth momentum.
Read More: Honasa Q4: Profit Surges 178% To ₹69 Cr, Declares ₹3/Share Dividend
ideaForge’s Loss Narrows Over 70% YoY
Dronetech company IdeaForge managed to trim its net loss by 72.1% in FY26 to ₹17 Cr from ₹62.3 Cr reported in the year-ago period. Its operating revenue jumped over 40% to ₹226.1 Cr from ₹161.2 Cr in FY25.
Total expenses rose a marginal 9.6% to ₹268.4 Cr from ₹244.8 Cr in the previous fiscal year.
Read More: ideaForge Back In The Black, Posts ₹60 Cr PAT In Q4
IndiaMART’s Profit Slips 13% YoY
B2B ecommerce company IndiaMART’s net profit fell 13% to ₹474.7 Cr from ₹550.7 Cr in FY25. Its operating revenue increased 13% to ₹1,569 Cr in FY26 from ₹1,388.4 Cr earlier.
Meanwhile, total expenses jumped 18.2% in FY26 to ₹1,070.4 Cr from ₹906 Cr in FY25.
Read More: IndiaMART Q4: Net Profit Plunges 72% YoY To ₹50 Cr
IndiQube Spaces Narrows Loss By 24%
Coworking space provider IndiQube’s net loss declined 23.9% to ₹106.3 Cr in FY26 from ₹139.6 Cr in FY25. Operating revenue increased 37% to ₹1,450.8 Cr from ₹1,059.3 Cr in the previous year.
The company’s expenses during the fiscal year stood at ₹1,663.2 Cr, up 32% from ₹1,260.2 Cr in FY25.
Read More: IndiQube Spaces Q4: Loss Narrows 28% YoY To ₹22.6 Cr
Info Edge’s Profit Zooms Past ₹1,700 Cr Mark
Consumer internet services company Info Edge reported a consolidated net profit of ₹1,762.8 Cr in FY26, a 34.6% increase from ₹1,309.9 Cr in the previous fiscal year. Its revenue surged 15.3% to ₹3,284.7 Cr from ₹2,849.5 Cr in FY25.
The company reported an almost 12% jump in its expenses during the period to ₹2,262.5 Cr from ₹2,021.2 Cr in FY25. Employee expenses grew 8.6% YoY to ₹1,341.5 Cr in FY26.
Read More: Info Edge Q4: Profit Increases 12% To ₹756 Cr, Declares Dividend Of ₹3.60
Innoviti Net Loss Dips 57% YoY To ₹26.7 Cr
Digital payments startup Innoviti managed to cut its net loss by over 57% YoY to ₹26.7 Cr in FY26 from ₹62.1 Cr loss incurred in the previous fiscal. Operating revenue fell by 16.7% to ₹118.9 Cr in the year under review as against ₹142.6 Cr in FY25.
The startup managed to trim its expenses by 28% in FY26 to ₹148.9 Cr as against ₹206.6 Cr in FY25.
Read More: Innoviti Slashes FY26 Loss By 57% To ₹26.7 Cr, Revenue Dips By 17%
ixigo’s Revenue Crosses ₹1,000 Cr Mark
Traveltech company ixigo posted a net profit of ₹71.5 Cr in FY26, up 18.7% from ₹60.2 Cr in the previous year. Its operating revenue zoomed 36.8% to ₹1,275.3 Cr from ₹932.2 Cr in FY25.
Total expenses rose 38.6% to ₹1,172.8 Cr from ₹846.1 Cr in the previous year. ixigo said its monthly active users (MAUs) crossed the 544 Mn mark in FY26, while monthly transacting users (MTUs) rose to 5.7 Mn.
Read More: ixigo Q4: Profit Rises 91% YoY To ₹32 Cr, Revenue Grows 9%
Justdial’s Profit Dips 15% YoY
Digital classifieds platform Justdial’s net profit slipped almost 15% in FY26 to ₹497 Cr from to ₹584.2 Cr in the previous year. Operating revenue rose 6.3% to ₹1,213.9 Cr from ₹1,141.9 Cr in FY25.
Justdial incurred expenses worth ₹910.4 Cr during the year, up 5.33% from ₹864.3 Cr in FY25. EBITDA improved 6.6% YoY to ₹ 357.5 Cr, while EBITDA margin shot up 8 basis points YoY to 29.5%.
Read More: Justdial Q4: PAT Dips 37% YoY To ₹100 Cr
Kissht’s Profit Nears ₹300 Cr Mark
Lending tech company Kissht’s net profit jumped 75% to ₹281.5 Cr in FY26 from ₹160.6 Cr in the previous fiscal. Operating revenue zoomed 63% to ₹2,179.3 Cr from ₹1,337.5 Cr in FY25.
Total expenses during the year stood at ₹1,832.4 Cr, up 61% from ₹1,136.4 Cr in the previous year. Employee expenses rose over 30% to ₹252.5 Cr in FY26 from ₹193.2 Cr in the previous year.
Read More: Kissht Q4: Profit Zooms 52% YoY To ₹82 Cr, Revenue Up 68%
Knya’s Profit Grows Over 3X YoY
Omnichannel medical apparel brand Knya’s net profit more than tripled in FY26 to ₹10 Cr, a 233.3% increase from ₹3 Cr in the previous year. Its operating revenue grew 83% to ₹110 Cr during the fiscal under review compared to ₹60 Cr in FY25.
In line with the top line, total expenses also zoomed 75% YoY to ₹100 Cr in FY26 from ₹57 Cr. The startup said its EBITDA margin expanded to 18.2% from 10% in FY25.
Read More: Knya FY26: Revenue Crosses ₹100 Cr Mark, PAT Jumps 3X YoY
Klassroom’s Profit Jumps 162% YoY To ₹7.6 Cr
Ahead of its listing on BSE SME, the edtech startup’s net profit jumped nearly 162% to ₹7.6 Cr from ₹2.9 Cr in FY25. It posted an operating revenue of ₹23 Cr in FY26, up 128% from around ₹10 Cr in the previous year.
Total expenses during the fiscal stood at ₹13.6 Cr, up 94.3% from ₹7 Cr posted in the previous fiscal.
Read More: Edtech Startup Klassroom’s IPO To Open On July 31
LEAD Group’s Loss Dips 20% YoY To ₹34.5 Cr
Edtech unicorn LEAD School managed to narrow its FY26 net loss by over 20% to ₹34.5 Cr from ₹43.3 Cr in the previous year. Operating revenue for the fiscal grew 10% to ₹386.7 Cr from ₹351.8 Cr in FY25.
Total expenses stood at ₹426.5 Cr in FY26, up 3.8% from ₹410.7 Cr in the previous year.
Read More: LEAD FY26’s Loss Dips 20% YoY To ₹34.5 Cr, Operating Revenue Up 10%
LenDenClub Parent’s Profit Surged 183% To ₹96.2 Cr
Peer-to-peer (P2P) lending startup LenDenClub’s parent entity Vartis Platforms reported a 183% jump in profit after tax to ₹96.2 Cr in FY26 from ₹34 Cr in the previous fiscal year.
Its operating revenue rose 43% to ₹338 Cr in FY26 from ₹236.4 Cr in the previous year. Meanwhile, total expenses increased 28% to ₹241.7 Cr in FY26 from ₹189.1 Cr in the previous year.
Read More: LenDenClub Parent’s Profit Jumps 183% To ₹96 Cr In FY26
Lenskart’s Profit Crosses ₹500 Cr Mark
Eyewear giant Lenskart’s net profit jumped 69% to ₹500.9 Cr in FY26 from ₹297.3 Cr in the previous year. Operating revenue rose 33% to ₹8,814 Cr during the year under review from ₹6,652.5 Cr in FY25, driven by strong operating leverage, premiumisation, and international growth.
Total expenses increased 25.2% to ₹8,288 Cr from ₹6,619.5 Cr in FY25. Employee costs, which made up more than a quarter of the company’s total expenses, jumped 48% YoY to ₹2,043.5 Cr.
Read More: Lenskart Q4: PAT Slips 8% YoY To ₹204 Cr Despite 46% Revenue Jump
MapmyIndia’s Profit Declines Over 9% YoY
Geotech company MapmyIndia’s net profit went down 9.2% to ₹134 Cr in FY26 from ₹147.6 Cr in FY25. Operating revenue during the year under review rose a marginal 2.3% to ₹474.1 Cr from ₹463.2 Cr in the previous year.
Total expenses rose 8.1% to ₹330.8 Cr in FY26 from ₹306.1 Cr in FY25.
Read More: MapmyIndia Q4: Profit Up 4% YoY To ₹51 Cr
Matrimony’s Profit Slips 25% YoY
Listed match making company Matrimony’s consolidated net profit declined 24.5% to ₹34.2 Cr in FY26 from ₹45.3 Cr in the previous year. Operating revenue remained almost flat, increasing 0.9% to ₹460 Cr from ₹455.8 Cr in FY25.
Meanwhile, expenses grew almost 2% to ₹440 Cr from ₹431.6 Cr in FY25. The company spent ₹152.3 Cr on employee expenses in FY26, a 7.6% jump from ₹141.6 in FY25.
Read More: Matrimony Q4: Profit Rises 18% YoY To ₹9.7 Cr, Announces Dividend Of ₹5
Meesho’s Loss Narrows 66%
Ecommerce giant Meesho managed to trim its net loss by 65.6% to ₹1,357.7 Cr in FY26 from ₹3,942 Cr in the previous fiscal year. Operating revenue rose 35% to ₹12,626 Cr from ₹9,390 Cr in FY25.
Total expenses jumped 41.5% YoY to ₹14,167 in FY26, even as employee benefit costs rose only 7.5% to ₹912 Cr.
The adjusted EBITDA loss of the company’s marketplace vertical soared 906% to ₹1,178 Cr from to ₹117 Cr in FY25. According to Meesho, this was due to consolidation in the third-party logistics space, high customer acquisition costs and its aggressive AI push driving up expenses.
Read More: Meesho Q4: Loss Narrows 88% To ₹166 Cr
Menhood’s Revenue Jumps 75% YoY
D2C brand Menhood saw its consolidated net profit rise 20.1% to ₹3.1 Cr in FY26 as against ₹2.6 Cr in the previous year. The jump in bottom line came on the back of operating revenue zooming 75.2% to ₹41.4 Cr in FY26 from ₹23.6 Cr in the previous year.
Total expenses increased 88.3% to ₹38.4 Cr from ₹20.4 Cr in FY25. Employee costs rose 20.3% to ₹1.2 Cr from ₹1 Cr in FY25.
Read More: Menhood FY26: Revenue Zooms 75% YoY To ₹41 Cr, Profit Up 20% YoY
Minimalist Turns Back To Black In FY26 With ₹25.9 Cr PAT
The Hindustan Unilever-owned beauty and personal care (BPC) brand regained profitability in FY26, posting a net profit of ₹25.9 Cr against a loss of ₹270.5 Cr in the previous year.
Meanwhile, its operating revenue rose 36% to ₹690.2 Cr in the fiscal under review from ₹506.5 Cr in FY25. Its expenses during the fiscal stood ₹664.9 Cr, up 33.8% compared to the previous year’s total expenditure of ₹497.1 Cr.
Read More: HUL-Owned Minimalist Turns Profitable In FY26, Revenue Up 36% YoY
Mobavenue AI Tech’s Profit Zooms 3X YoY
Adtech company Mobavenue’s net profit jumped over 202% to ₹29.3 Cr in FY26 from ₹9.7 Cr in FY25. Operating revenue surged 152% to ₹218.5 Cr from ₹86.7 Cr in the previous fiscal year.
Total expenses grew 143% ₹179.3 Cr from ₹73.8 Cr in FY25. Employee benefit expenses also increased 65% YoY to ₹26 Cr during the year.
Read More: Mobavenue AI Q4: PAT Zooms 60% To ₹8.4 Cr, Revenue Increases 42%
Mobikwik Halves Net Loss To ₹62 Cr
Fintech company Mobikwik reported a 48.9% reduction in its net loss to ₹61.9 Cr in FY26 from ₹121 Cr in the previous fiscal year. This was despite its revenue from operations declining 4.4% to ₹1,119.2 Cr from ₹1,170.2 Cr in FY25.
EBITDA loss for FY26 declined to ₹5.2 Cr from ₹79.4 Cr in FY25. Meanwhile, total expenses fell 8.8% YoY to ₹1,159.4 Cr. The company is betting on merchant payments as a new growth vertical and is targeting a 10X increase in revenue from the business by FY28.
Read More: MobiKwik Posts ₹4.4 Cr Profit In Q4, Revenue Up 8% YoY
Moneyview’s Profit Remains Flat At ₹243 Cr
The digital lending platform’s consolidated net profit remained largely flat in FY26, rising 1% to ₹242.7 Cr from ₹240.3 Cr in FY25. This was despite its operating revenue growing 43.3% to ₹3,351.2 Cr from ₹2,339.1 Cr in the previous year.
The company posted an exceptional loss of ₹206.7 Cr during the fiscal under review, including a ₹160 Cr one-time performance-linked incentive paid to cofounder, MD, and CEO Puneet Agarwal. Meanwhile, its total expenses increased 39.4% to ₹2,870.3 Cr from ₹2,059.3 in FY25.
Read More: IPO-Bound Moneyview’s Q1 Profit Jumps 2.6X YoY To ₹173.8 Cr
Navi’s Loss Widens 269% YoY to ₹466 Cr
The fintech startup saw its net loss jump 268.7% to ₹466 Cr from ₹126.4 Cr in FY25. Operating revenue saw a marginal 16% rise to ₹2,981.7 Cr from ₹2,565 Cr in FY25.
Meanwhile, total expenses grew faster than the top line, surging 28.8% to ₹3,514.4 Cr from ₹2,729.1 Cr in the previous year.
Read More: IPO-Bound Navi’s FY26 Loss More Than Triples To ₹466 Cr
Nazara’s Profit Zooms Over 60%
Gaming major Nazara Technologies’ net profit jumped 60.6% YoY in FY26 to ₹82 Cr from ₹51 Cr in the previous year. Its top line grew 12.6% during the period under review to ₹1,829 Cr from ₹1,624 Cr in FY25.
Total expenses grew at a similar rate as revenue, rising 12.5% to ₹1,833 Cr from ₹1,630 Cr in the previous year. Advertising expenses during the year increased 22.4% to ₹461 Cr.
Read More: Nazara Q4: PAT Jumps Over 13X To ₹56 Cr, Revenue Declines 23%
Niyo’s Loss Narrows 58% To ₹33 Cr
Neobanking startup Niyo slashed its consolidated net loss by 58.1% to ₹32.6 Cr in FY26 from ₹77.9 Cr in the previous year. Operating revenue surged 80.1% to ₹158 Cr from ₹87.8 Cr in FY25.
Meanwhile, total expenses rose 19.2% to ₹212.7 Cr in FY26 compared to ₹178.4 Cr in FY25.
Read More: Niyo FY26: Revenue Zooms 80% YoY to ₹158 Cr, Loss Narrows 58%
NoPaperForms’ PAT Zooms 6.3X Ahead Of IPO
Meritto parent’s net profit jumped 526.3% to ₹11.9 Cr in FY26 from ₹1.9 Cr in the previous fiscal year. Operating revenue rose 25% to ₹115.7 Cr from ₹92.3 Cr in FY25. Meanwhile, total expenses increased 18% to ₹111.5 Cr from ₹94.2 Cr in FY25.
Read More: IPO-Bound NoPaperForms’ FY26 Profit Surges To ₹11.9 Cr, Revenue Up 25%
Nykaa’s Revenue Crosses ₹10,000 Cr Mark
Beauty and personal care major Nykaa’s operating revenue grew 26% to ₹10,022 Cr in FY26 from ₹7,949.8 Cr reported in the year-ago period. Total expenses grew 23.7% YoY to ₹9707.5 Cr.
As a result, the Falguni Nayar-led company’s net profit zoomed 182.8% to ₹203.9 Cr from ₹72.1 Cr in FY25, driven by offline expansion, launch of over 200 new beauty brands and more than 1,200 brands for its fashion vertical.
Read More: Nykaa Q4: Profit Zooms 4X To ₹79 Cr, Revenue Up 28%
Ola Electric’s Loss Narrows 20%
EV major Ola Electric trimmed its net loss by 19.5% to ₹1,833 Cr from ₹2,276 Cr reported in FY25.
This was despite a 50% reduction in its operating revenue to ₹2,253 Cr in FY26 from ₹4,514 Cr in the previous year on the back of a slowdown in customer demand for its escooters amid complaints about after-sales services.
The OEM trimmed its total expenses by 48% to ₹3,245 Cr in FY26, while employee benefit costs declined 36.5% YoY.
Read More: Ola Electric Q4: Loss Declines 43% YoY To ₹500 Cr, Revenue Plummets 57
Oxyzo’s Profit Jumps 11% YoY To ₹376 Cr
SME-focused NBFC Oxyzo’s net profit increased 11% in FY26 to ₹375.5 Cr from ₹339.2 Cr in the previous fiscal. Operating revenue zoomed 23% to ₹1,488.8 Cr from ₹1,207.4 Cr in FY25. In this, interest income increased 23% YoY to ₹1,406.8 Cr, while fee and commission income jumped 13% to ₹68.1 Cr.
Meanwhile, total expenses for the fiscal increased 31% to ₹989.2 Cr from ₹682.5 Cr in FY25. Within this, employee costs grew 28% to ₹183.6 Cr from ₹143.1 Cr in FY25.
Read More: Fintech Unicorn Oxyzo’s FY26 Profit Rises 11% To ₹376 Cr
Paytm Posts First Full Profitable Year
Fintech major Paytm reported a net profit of ₹552 Cr in FY26 as against a net loss of ₹663 Cr in the previous year. Its operating revenue in FY26 jumped 22.3% to ₹8,437 Cr from ₹6,900 Cr in FY25.
EBITDA stood at ₹502 Cr during the fiscal under review as against an EBITDA loss of ₹1,506 Cr in FY25. Total expenses during the year declined over 6% to ₹8,521 Cr ₹9,096 Cr in FY25, while employee benefit costs contracted over 15% YoY to ₹2,765 Cr.
Read More: Paytm Posts ₹183 Cr Profit In Q4, Revenue Up 18% To ₹2,264 Cr
PB Fintech’s Profit Almost Doubles To ₹670 Cr
Policybazaar parent PB Fintech’s net profit zoomed over 90% to ₹670 Cr in FY26 from ₹352 Cr in the previous year, with PAT margin expanding to 10% from 6%.
Its operating revenue during the fiscal year stood at ₹6,794 Cr, up 36.5% from ₹4,977 Cr in FY25. Meanwhile, total expenses rose over 28% YoY to ₹6,458 Cr.
Read More: PB Fintech Q4: Profit Jumps 54% To ₹261 Cr
PharmEasy Parent’s Loss Narrows 67% YoY
API Holdings, the parent of PharmEasy and Thyrocare, narrowed its net loss by 67% to ₹520 Cr in FY26 from ₹1,572 Cr in the previous fiscal. Its operating revenue grew 12.7% to ₹6,618.5 Cr from ₹5,872.20 in FY25.
Total expenses declined marginally by 0.9% to ₹7,146.7 Cr in FY26 from ₹7,208.6 Cr.
PharmEasy generated ₹1,334.5 Cr in revenue and reported an EBITDA loss of ₹44.1 Cr in FY26.
Read More: PharmEasy Parent API Holdings’ FY26 Loss Declines 67% YoY To ₹520 Cr
PhysicsWallah Narrows Net Loss by 90%
Edtech major PhysicsWallah trimmed its net loss by 90% to ₹24.2 Cr from ₹243.3 Cr in FY25. Operating revenue jumped 35% YoY to ₹3,899.5 Cr from ₹2,886.6 Cr, with a 31% increase in revenue generated from offline business. The offline business now accounts for 45% of the top line. Uptake in courses beyond JEE and NEET also drove revenue growth during the fiscal.
In FY26, PhysicaWallah’s total expenses grew 24.6% to ₹4,068.8 Cr. Employee costs accounted for about half of the total expenses, rising 36% YoY to ₹1,906 Cr.
Read More: PhysicsWallah Q4: Loss Declines 76% YoY To ₹69 Cr, Revenue Up 51%
Pine Labs Posts ₹113 Cr Profit
Fintech major Pine Labs turned profitable in FY26, posting a net profit of ₹112.5 Cr as against a loss of ₹145.5 Cr in FY25. Its revenue grew 19% to ₹2,710.6 Cr from ₹2,274.3 Cr in FY25.
Meanwhile, total expenses increased 11% to ₹2,706.4 Cr from ₹2,426.9 Cr in FY25. The company’s growth in FY26 was driven by the execution of multiple landmark contracts and international expansion.
Read More: Pine Labs Posts ₹59 Cr Profit In Q4, Revenue Up 15% YoY
PhonePe’s Loss Widens 62% YoY To ₹2,792 Cr
The IPO-bound fintech major’s net loss widened 62% in FY26 to ₹2,792 Cr from ₹1,727.4 Cr in the previous fiscal year on the back of higher employee costs, elevated marketing spends, ESOP expenses, and one-time write-offs.
Operating revenue rose 11.5% to ₹7,920.5 Cr in FY26 from ₹7,105 Cr in the previous fiscal. A bulk of this came from the sale of services, which contributed ₹7,618.6 Cr during the year.
PhonePe’s total expenses surged over 16% to ₹10,588.5 Cr in FY26 from ₹9,116.5 Cr in the previous year. Its employee benefit expenses rose 11.6% to ₹4,386.1 Cr from ₹3,931.7 Cr in FY25.
Read More: IPO-Bound PhonePe Posts ₹2,792 Cr Loss In FY26, Revenue Up 11.5% YoY
Porter’s Net Profit Zooms 4X YoY To 229 Cr
The logistics unicorn posted a net profit of ₹229 Cr in FY26, a 314% jump from ₹55.3 Cr reported in the year-ago period. Its operating revenue during this time jumped 54% to ₹6,650 Cr from ₹4,306 Cr in the previous year.
Porter’s expenses in FY26 increased 52% to ₹6,505.4 Cr from ₹4286.3 Cr reported in the year-ago period.
Read More: Porter FY26 Profit Skyrockets 4X YoY To ₹229 Cr, Revenue Up 54%
PRISM’s Profit Zooms 4X YoY To ₹994 Cr
Hospitality chain OYO’s parent PRISM saw a 306% growth in its FY26 net profit to ₹994.2 Cr from ₹244.8 Cr in the previous year. Operating revenue jumped 49.7% to ₹9,358 Cr from ₹6,252.8 Cr in FY25.
Notably, the company registered a tax gain of ₹595.3 Cr in FY26. Its total expenses surged 40% YoY to ₹9,334.5 Cr from ₹5,169.3 Cr in FY25.
Read More: OYO Parent PRISM’s FY26 Profit Skyrockets 4X YoY To ₹994 Cr
Purple Style Labs’ Loss Jumps 51.5% YoY To ₹285 Cr
Pernia Pop Up Shop’s parent Purple Style Labs’ consolidated net loss for FY26 widened 51.5% to ₹285.4 Cr compared to a loss of ₹188.4 Cr incurred in the previous year. Operating revenue for the fiscal increased by about 14% to ₹557.8 Cr from ₹489.9 Cr in FY25.
The company incurred expenses of ₹734.5 Cr during the year, marking a 31% increase from the previous year’s ₹559.6 Cr.
Notably, Purple Style Labs registered non-cash ESOP expenses of ₹118 Cr in FY26 as against ₹123 Cr in FY25.
Read More: IPO-Bound Pernia Pop Up Shop’s FY26 Net Loss Widens 52% YoY To ₹285.4 Cr
RateGain’s Profit Narrows 30% YoY
Travel-focused SaaS company RateGain’s consolidated net profit slipped 30.2% in FY26 to ₹50.3 Cr from ₹72.1 Cr in the previous year. Operating revenue rose 18.2% to ₹248.8 Cr from ₹210.4 Cr in FY25.
RateGain’s expenses stood at ₹220.3 Cr during the year, up 21.2% from ₹181.8 Cr in FY25. Employee benefit expenses increased 23.6% to ₹176.8 Cr from ₹143 Cr in FY25.
Read More: RateGain Q4: Profit Jumps 28% YoY To ₹70 Cr
Rebel Foods’ Loss Narrows 16% YoY To ₹282 Cr
The foodtech unicorn trimmed its net loss by 16.3% to ₹281.8 Cr from ₹336.6 Cr in FY25. Its operating revenue rose 20.7% to ₹1,951.6 Cr from ₹1,617.4 Cr in the previous year.
Total expenses for the fiscal rose 14.1% to ₹2,265.9 Cr from ₹1,986.6 Cr in FY25.
Read More: Rebel Foods Cuts FY26 Loss By 16% To ₹282 Cr, Revenue Jumps 21%
RENEE Cosmetic’s Loss Narrows 46% YoY To ₹36 Cr
The beauty and personal care (BPC) startup cut its FY26 net loss by 46% to ₹36 Cr from ₹67 Cr incurred in the previous fiscal year. Its operating revenue for the fiscal jumped about 38% to ₹440 Cr from ₹320 Cr reported in the previous year
At the same time, its expenses grew 45% to ₹290 Cr from ₹200 Cr a year prior. Consequently, EBITDA margin improved to -8% from -21% in FY25.
Read More: RENEE Cosmetics’ Revenue Crosses ₹400 Cr Mark In FY26
RentoMojo PAT Jumps 142% YoY To ₹104 Cr
Furniture and appliance rental startup RentoMojo’s restated profit after tax (PAT) surged nearly 142% ₹104.2 Cr in FY26 compared to ₹43.1 Cr in the year ago fiscal. Its operating revenue zoomed 45.5% to ₹387 Cr during the year as against ₹266 in FY25.
Meanwhile, RentoMojo’s total expenses stood at ₹323.9 Cr in FY26, up 41.5% from ₹228.9 Cr in the previous fiscal year.
Read More: RentoMojo’s FY26 Profit Zooms 142% YoY To ₹104 Cr, Revenue Up 46%
SEDEMAC’s Profit Doubles To Cross ₹100 Cr
Deeptech company SEDEMAC Mechatronics’ net profit more than doubled in FY26 to ₹103.6 Cr from ₹47.1 Cr in the previous year. Operating revenue jumped 60.7% YoY to ₹1,058.4 Cr from ₹658.4 Cr in FY25.
Total expenses also increased 53.6% to ₹913.5 Cr during the year under review from ₹594.8 Cr in FY25.
Read More: SEDEMAC Q4: Profit Skyrockets 3.7X To ₹32 Cr, Revenue Up 60% YoY
Shadowfax’s Profit Skyrockets 19X
Logistics firm Shadowfax’s net profit surged to ₹115.2 Cr from ₹6.2 Cr in FY25, an uptick of 1,758% YoY. Its adjusted EBITDA for the year stood at ₹159 Cr with a margin of 3.8%.
The company’s operating revenue zoomed 65.4% to ₹4,080.3 Cr from ₹2,467.2 Cr in FY25.
The growth was largely driven by increase in customer order volume, especially in the hyperlocal and express segments, focus on premium offerings, and expansion across pincodes.
Total expenses grew over 60% YoY to ₹4,001.8 Cr in FY26, while employee benefit costs jumped 37.7% to ₹357.4 Cr.
Read More: Shadowfax Posts ₹56 Cr Profit In Q4, Revenue Jumps 74% YoY
Shiprocket’s Loss Widens 7% To ₹79 Cr
Logistics unicorn Shiprocket’s consolidated net loss widened 7% to ₹79.2 Cr in FY26 from ₹74.4 Cr in the previous fiscal year. Operating revenue grew 24% to ₹2,024.1 Cr during the fiscal compared to ₹1,632 Cr in the previous year.
Shiprocket incurred total expenses of ₹2,153.4 Cr during the year, up 23% from ₹1,749.3 Cr in FY25. EBITDA loss for the fiscal decreased 3% to ₹16.6 Cr from ₹17.2 Cr in FY25.
Read More: IPO-Bound Shiprocket FY26 Loss Widened 7%YoY To ₹79 Cr
slice Reports Maiden Profitable Year
The fintech startup reported its first full profitable fiscal year in FY26 after converting into a small finance bank (SFB) in 2024, posting a net profit of ₹48.4 Cr as against a net loss of ₹216.7 Cr in FY25.
Operating revenue, which is the interest income earned by slice, zoomed 139.5% in FY26 to ₹979.9 from ₹409.2 Cr in the previous year. Expenses grew 18.3% to ₹345.2 Cr from ₹291.7 Cr in FY25.
Read More: slice Reports First Full-Year Profit, Posts ₹48.4 Cr PAT In FY26
Snabbit Posts ₹168 Cr Loss In First Full Operational Year
The quick home services startup incurred a net loss of ₹167.8 Cr in FY26 as against a loss of ₹5.7 Cr in FY25. Meanwhile, its operating revenue jumped to ₹12.2 Cr from ₹26.3 Lakh in the previous year.
Total expenses rose to ₹194.8 Cr from ₹6.8 Cr in FY25. FY26 was Snabbit’s first full financial year of operations and its FY25 numbers are not comparable.
Read More: Snabbit Spent ₹16 To Earn Every Rupee In Operating Revenue In FY26
Swiggy’s Loss Crosses ₹4,000 Cr Mark
Food delivery major Swiggy’s net loss jumped 33% to ₹4,154 Cr in FY26 from ₹3,117 Cr in the previous year. Operating revenue rose 51% to ₹23,053 Cr from ₹15,227 Cr in FY25.
Meanwhile, total expenses grew 48% YoY to ₹27,701 Cr, driven largely by the expansion of its quick commerce arm Instamart, which lost significant market share over the year.
Read More: Swiggy Q4: Loss Narrows 26% To ₹800 Cr, Revenue Up 45% YoY
Table Space’s Loss Shrinks 74% YoY To ₹403 Cr
The managed office space provider trimmed its net loss for FY26 by 74% to ₹403.4 Cr from ₹1,554.1 Cr in the previous fiscal year.
Operating revenue grew 66%YoY to ₹2,262.3 Cr in FY26. At the same time, its total expenses for the fiscal grew by 55% to ₹2,383.2 Cr from ₹1,540.2 Cr in the previous year.
Read More: Table Space’s FY26 Loss Shrinks 74%, Revenue Crosses ₹2,200 Cr
TAC Infosec’s Profit Zooms 79%
Cybersecurity firm TAC Infosec saw its net profit jump 78.7% in FY26 to ₹26.3 Cr from ₹14.8 Cr in FY25, driven by growth in its core operations. Operating revenue zoomed 87.9% in FY26 to ₹57.3 Cr from ₹30.5 Cr in the previous year.
Its expenses in FY26 jumped 78.6% to ₹29.3 Cr from ₹16.4 Cr in FY25. Employee benefit expenses jumped 47% during the year to ₹12.5 Cr from ₹8.5 Cr.
Read More: TAC Infosec H2: Profit Rises 30% YoY To ₹10.8 Cr, Revenue Zooms 54%
TBO Tek’s Profit Nears ₹250 Cr Mark
B2B travel tech company TBO Tek’s consolidated net profit rose 6.3% to ₹244.3 Cr from ₹229.9 Cr in FY25. Revenue from operations surged 54% to ₹2,677.4 Cr in FY26 from ₹1,737.5 Cr in the previous year.
Total expenses during the year jumped 58.6% to ₹2,437.8 Cr from ₹1,537.4 Cr in FY25.
Read More: TBO Tek Q4: Profit Almost Flat At ₹60.1 Cr, Revenue Up 82.6% YoY
Tonbo Imaging’s PAT Dips 30% YoY To ₹362.6 Cr
The defence tech startup reported a net profit of ₹362.6 Cr in FY26, a 30% decrease from ₹469.1 Cr it reported in the previous year. The startup also reported a 23% YoY decline in its operating revenue during the fiscal year to ₹299.9 Cr from ₹374.3 Cr in FY25.
Meanwhile, Tonbo’s total expenditure also dipped 20% to ₹300 Cr in FY26 from ₹374.3 Cr in the previous year.
Read More: IPO-Bound Tonbo Imaging’s Net Profit Sinks 30% YoY To ₹362.6 Cr In FY26
Tracxn’s Loss Dips 17% YoY
Market intelligence company Tracxn managed to trim its net loss by almost 17% to ₹7.9 Cr in FY26 from ₹9.5 Cr in FY25. Its top line saw a marginal 0.6% decline to ₹84 Cr from ₹84.5 Cr in the previous fiscal.
Total expenses remained flat YoY, rising a marginal 0.3% to ₹90.7 Cr in FY26.
Read More: Tracxn Q4: Loss Narrows 66% YoY To ₹2.6 Cr
Turtlemint’s Loss Narrows 5% To ₹184.3 Cr
Insurtech company Turtlemint managed to narrow its net loss by 5% to ₹184.3 Cr in FY26 from ₹194.1 Cr in the previous year. Operating revenue zoomed 66% to ₹1,098.2 Cr from ₹662.7 Cr in FY25.
The company’s expenses during the year stood at ₹1,247 Cr, up 41.3% from ₹882.6 Cr in the previous year. Its employee costs during the year jumped 9% to ₹242.4 Cr from ₹222.6 Cr in the previous year.
Read More: Turtlemint Turns Profitable In Q4, Posts PAT Of ₹3 Cr
Unicommerce’s Profit Crosses ₹20 Cr Mark
Ecommerce-focused SaaS company Unicommerce reported a 16.5% rise in its net profit to ₹20.5 Cr in FY26 from ₹17.6 Cr in the previous year. Operating revenue jumped 51.5% during the year to ₹204.3 Cr from ₹134.8 Cr in FY25.
The SaaS firm incurred ₹179.6 Cr in expenses in FY26, up almost 55% from ₹116.1 Cr reported in the previous year.
Read More: Unicommerce Q4: Profit Rises Marginally To ₹3.4 Cr
Urban Company Slips Into The Red
Home services unicorn Urban Company slipped into the red in FY26, posting a net loss of ₹234.8 Cr AS against a net profit of ₹239.8 Cr in previous year. Its operating revenue grew 35.9% to ₹1,555.5 Cr from ₹1,144.5 Cr in FY25.
Total expenses during the fiscal year jumped over 50% YoY to ₹1,835.7 Cr, as it poured cash into its newest offering ‘Insta Help’ offering. The cash burn in the new vertical is expected to remain elevated in the coming quarters amid intense competition.
Read More: Urban Company’s Q4 Loss Surges Multifold To ₹161 Cr
Veefin Solutions’ Revenue Zooms 4.4X YoY
Supply chain financing company Veefin Solutions’ net profit jumped 97% to ₹32 Cr in FY26 from ₹16.2 Cr in the previous year. Revenue from operations grew 339% to ₹345.1 Cr from ₹78.6 Cr in FY25.
In line with the top line, total expenses surged 5X to ₹300 Cr from ₹59.9 Cr in FY25.
Read More: Veefin Solutions Q4: Profit Rises 106% QoQ To ₹16 Cr, Revenue Up 27%
Wakefit Posts ₹189 Cr Profit
Mattress brand Wakefit reported a net profit of ₹189.2 Cr in FY26 as against a net loss of ₹35 Cr in the previous year. Its operating revenue for the fiscal rose 17% to ₹1,488.9 Cr from ₹1273.7 Cr in FY25.
Total expenses rose 7.6% YoY to ₹1,307 Cr, while employee benefit costs remained almost flat at ₹166 Cr.
Read More: Wakefit Q4: PAT Skyrockets To ₹122 Cr, Revenue Up 14% YoY
WeWork India Profit Declines 41% YoY
Coworking space provider WeWork India reported a net profit of ₹74.9 Cr during the year under review, down 41.6% from ₹128.2 Cr in FY25. Operating revenue during the fiscal year rose 25% to ₹2,440 Cr from ₹1,949 Cr in FY26. Free cash flow from operations rose 44.3% YoY to ₹585.5 Cr during FY26.
Meanwhile, total expenses grew 14.2% YoY to ₹2,435.3 Cr, while employee benefit costs jumped 28% to ₹198.5 Cr.
Desk sales in FY26 jumped 19.8% YoY to a record 48,000, translating into 3.3 Mn sq ft of leasing activity. The company claimed to have opened FY27 with ₹1,885 Cr of locked-in core revenue, up 38.1% from the start of FY26.
Read More: WeWork India Q4: Profit Jumps 79% To ₹66 Cr, Revenue Up 29% YoY
WROGN’s Loss Jumps 17% YoY To ₹88 Cr
The Virat Kohli-backed D2C fashion brand’s net loss surged 17.1% to ₹88.4 Cr in FY26 from ₹75.5 Cr in the previous year. It reported a 9% uptick in its operating revenue to ₹243.9 Cr from ₹223.2 Cr recorded in FY25.
Meanwhile, total expenses grew 9.5% to ₹342.4 Cr from ₹312.6 Cr in the previous year.
Read More: Virat Kohli-Backed WROGN’s FY26 Loss Swells 17% To ₹88 Cr
Yatra’s Profit Rises 28%
Online travel aggregator Yatra’s net profit jumped nearly 28% to ₹46.8 Cr from ₹36.6 Cr in FY25. Revenue from operations rose 27.2% to ₹1,006.5 Cr from ₹791.4 Cr in FY25.
Total expenses grew 24.3% to ₹979.8 Cr in FY26 from ₹788 Cr in the previous year.
Read More: Yatra Q4 Profit Tanks 46% YoY To ₹8.2 Cr
Zaggle’s Profit Crosses ₹100 Cr Mark
Fintech SaaS company Zaggle reported a 51.8% jump in its net profit to ₹132.8 Cr in FY26 from ₹87.5 Cr in the previous year. Its revenue grew 42.2% to ₹1,852.8 Cr from ₹1,302.6 Cr in FY25.
Meanwhile, expenses jumped 41.5% to ₹1,712 Cr from ₹1,209.7 Cr in FY25. Notably, its employee expenses grew a marginal 3.3% in FY26 to ₹67.8 Cr.
Read More: Zaggle Q4: Profit Jumps 30% To ₹40.6 Cr, Revenue Up 50% YoY
Zappfresh’s Profit Surges 59%
Online meat delivery company Zappfresh saw its consolidated net profit for FY26 surge 59% to ₹14.3 Cr from ₹9 Cr in the previous year. Operating revenue zoomed 69% to ₹220.8 Cr in FY26 from ₹130.7 Cr in FY25.
Its expenses during the period jumped 65.9% to ₹198.8 Cr from ₹119.8 Cr reported in FY25. The online marketplace’s EBITDA zoomed 91% YoY to ₹31.1 Cr in FY26, while EBITDA margin improved 160 basis points YoY to 14.1%.
Read More: Zappfresh FY26 PAT Surges 59% YoY To ₹14 Cr
Zelio E-Mobility’s Profit Jumps 77.5% YoY
EV manufacturer Zelio E-Mobility’s net profit jumped 77.5% in FY26 to ₹28.4 Cr from ₹16 Cr in the prior fiscal year. Operating revenue surged over 80% to ₹310.7 Cr from ₹172.2 Cr in FY25.
The EV maker incurred expenses of ₹279.3 Cr during the period under review, up 81% from ₹154.4 in the previous year. The company set up a new auto components manufacturing subsidiary, Zelio Auto Components, in May 2025, which contributed to its top line growth.
Read More: Zelio E-Mobility’s FY26 PAT Surges 75% YoY To ₹28 Cr
Zepto’s Loss Jumps 25.6% To ₹5,905 Cr
Quick commerce major Zepto more than doubled its operating revenue in FY26 to ₹22,623.6 Cr from ₹11,109.9 Cr in the previous year. Despite the revenue uptick, its net loss widened 25.6% to ₹5,905 Cr from ₹4,699.7 Cr in FY25.
Total expenses grew 78.7% during the fiscal year to ₹29,026.7 Cr from ₹16,241.1 Cr in the previous year. Zepto saw a 43.8% YoY uptick in its employee expenses to ₹1,784.6 Cr.
Read More: Zepto FY26: Loss Jumps 26% YoY To ₹5,905 Cr, Revenue Doubles
Zerodha Asset Management’s Loss Dips 38% YoY To ₹5.1 Cr
The parent of Zerodha Fund House narrowed its loss 37.8% to ₹5.1 Cr during the year under review from ₹8.2 Cr in FY25. Operating revenue zoomed 78.7% to ₹16.8 Cr in FY26 from ₹9.4 Cr in the previous year.
Meanwhile, total expenses rose 29.4% to ₹21.1 Cr from ₹16.3 Cr in FY25.
Read More: Zerodha Fund House FY26: Revenue Up 79% YoY To ₹17 Cr, Loss Narrows
Zetwerk’s Loss Jumps 333% YoY Due To Exceptional Items
Zetwerk’s net loss widened 333% to ₹1,606.2 Cr in FY26 compared to ₹370.7 Cr loss incurred in the previous fiscal. This included an exceptional loss from continuing operations of ₹835.8 Cr and ₹453 Cr impairment from its discontinued operations.
At the same time, its operating revenue jumped 40.4% to ₹15,913.3 Cr from ₹11,331.9 Cr in FY25. Zetwerk’s total expenditure for the fiscal stood at ₹16,141.7 Cr, up nearly 40% from ₹11,552 Cr in the previous fiscal.
Read More: IPO-Bound Zetwerk’s FY26 Loss Widens To ₹1,606.2 Cr
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