Agritech startup DeHaat posts 40% rise in FY24 operating revenue, halves loss
Agritech startup DeHaat on Wednesday reported a 40% increase in operating revenue to Rs 2,700 crore in FY24, while cutting its losses by half.
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In FY23, the company reported a revenue of Rs 1,996.9 crore and a net loss of Rs 1,094.4 crore. In comparison, its revenue for FY22 stood at Rs 1,287.6 crore and net loss was Rs 1,564.1 crore.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitMIT xPROMIT Technology Leadership and InnovationVisitIndian School of BusinessProfessional Certificate in Product ManagementVisitThe company attributed its continued topline growth to operating leverage and an increased focus on profitability through high-margin businesses such as exporting sustainable farm produce, food processing, and selling biological agricultural inputs.
The company aims to achieve profitability for the entire fiscal year in FY25.
The Patna-headquartered firm has also announced its first-ever employee stock ownership plan (Esop) buyback programme worth Rs 10 crore. The company said it has issued Esops to more than 200 individuals.
«DeHaat’s consistent growth and unparalleled performance to empower Indian farmers for over a decade has been only possible because of the commitment & efforts of our team. The Esop
