Infra.Market’s FY23 Sales Cross INR 11,000 Cr Mark But Profit Slips

Infra.Market’s FY23 Sales Cross INR 11,000 Cr Mark But Profit Slips

SUMMARY

The construction solutions provider’s operating revenue zoomed 90% YoY to INR 11,846.5 Cr in FY23

Infra.Market’s net profit declined 17% to INR 155.2 Cr from INR 185.9 Cr in FY22

The startup’s cash and cash equivalents surged 138.5% to INR 251.1 Cr at the end of FY23

Mumbai-based construction solutions provider Infra.Market’s sales crossed the INR 11,000 Cr mark in the financial year ended March 31, 2023. The unicorn reported an operating revenue of INR 11,846.5 Cr in the financial year 2022-23 (FY23), an increase of 90% from INR 6,236.3 Cr in the previous fiscal year. 

The startup primarily earns revenue by selling construction materials, including cement, paint, chemicals, and tools. Including other income, total revenue jumped 89% to INR 11,890.8 Cr from INR 6,285 Cr in the previous fiscal year. 

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