Perfios FY25: Profit Soars 46% To ₹104 Cr, Revenue Crosses ₹700 Cr

Core Insights - Perfios, a B2B fintech SaaS unicorn, reported a 46% year-on-year increase in consolidated net profit to ₹104.3 Cr for FY25, marking its third consecutive year of profitability after a profit of ₹7.8 Cr in FY23 [1][3] - The company's operating revenue rose 20% to ₹669.5 Cr in FY25 from ₹557.8 Cr in FY24, with total income, including other income, reaching ₹708.5 Cr [2][3] - India remains Perfios' primary market, with domestic revenue growing 14% to ₹575 Cr in FY25 from ₹505.5 Cr in FY24 [1][3] Financial Performance - Total expenses for FY25 were ₹5,610.2 Cr, up 13% from ₹4,955.5 Cr in FY24 [8] - Employee benefit expenses increased by 16% to ₹337.94 Cr, making it the largest expense category [10] - Cloud hosting charges rose by 15.7% to ₹51.51 Cr, while software subscription charges saw a significant increase of 71% to ₹23.87 Cr [10] Business Operations - Perfios serves over 1,000 financial institutions, offering more than 75 products and over 500 APIs, processing upwards of 8.2 billion data points annually [4] - The company has made five acquisitions and one acqui-hire since 2022, including Clari5, CreditNirvana, and IHX in 2025 [6] - Former State Bank of India deputy MD Nitin Chugh has been appointed as the group CEO and MD, overseeing the broader group while Sabyasachi Goswami continues to lead the core business [5] Investment and Growth - Perfios has raised close to $440 million from various investors, entering the unicorn club in 2024 with an $80 million funding round at a valuation exceeding $1 billion [7][13] - The company is reportedly exploring an initial public offering (IPO) in 2024, although no further updates have been disclosed [14]