OfBusiness revenue nears Rs 20,000 Cr in FY24; profits crosses Rs 600 Cr
Industrial goods and services procurement platform OfBusiness saw a 25.8% revenue increase to Rs 19,296 crore in FY24, with profits surging 30% to over Rs 600 crore. Primary revenue sources included industrial goods sales and financial services for SMEs. Total revenue reached Rs 19,529 crore, with significant expenses in raw materials and employee benefits. Controlled expenditures and growth boosted profits, with an improved ROCE and EBITDA margin. OfBusiness competes with Zetwerk, Infra.market, and Moglix.
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https://entrackr.com/2024/07/e....xclusive-ofbusiness-
