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Perfios FY25: Profit Soars 46% To ₹104 Cr, Revenue Crosses ₹700 Cr
Inc42 Media· 2026-03-21 08:14
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]
Incorta Drill-Through Capabilities Featured Today at Workday Rising 2025
Globenewswire· 2025-09-17 15:00
Core Insights - Incorta has introduced a new drill-through capability for Workday Adaptive Planning, allowing finance teams to access transaction details behind any number in their reports instantly, enhancing data analysis efficiency [1][2][4]. Group 1: Product Features - The drill-through feature enables finance teams to quickly identify the root cause of variances without the need for manual data extraction or Excel modeling, streamlining the analysis process [2][3]. - Users can access journal entries, sub-ledger details, and ERP context directly from Adaptive Planning, improving workflow and decision-making speed [2][4]. Group 2: Partnership and Innovation - The new integration is part of an expanded partnership between Incorta and Workday, aimed at enhancing enterprise data accessibility and decision-making capabilities for customers [5][6]. - The collaboration reflects Incorta's commitment to innovation and delivering value, helping clients leverage their data for faster and more confident decision-making [6]. Group 3: Company Overview - Incorta is recognized as the first and only open data delivery platform that facilitates real-time analysis of live data across various systems without complex ETL processes, promoting faster insights and reducing technical barriers [7].