Trust Fintech’s Profit Declines 28% To INR 9 Cr In FY25

SUMMARY

The company also saw its standalone operating revenues tank 10.8% to INR 31.26 Cr in FY25 as against INR 35.04 Cr in FY24

Overall, Trust Fintech’s consolidated net profit stood at INR 12.5 Cr in FY25 against an operating revenue of INR 35.04 Cr

Trust Fintech’s total expenses increased 26.3% to INR 23.48 Cr in FY25 from INR 18.59 Cr in the previous year

Fintech SaaS company Trust Fintech’s standalone net profit declined 28% to nearly INR 9 Cr in the financial year 2024-25 (FY25) from INR 12.57 Cr in the previous fiscal.

In the second half (H2) of FY25, the company saw its standalone profits fall 26.4% to INR 3.84 Cr compared to INR 5.22 Cr in the year ago period.

The company, which made its public market debut in April last year, also saw its standalone operating revenues tank 10.8% to INR 31.26 Cr in FY25 as against INR 35.04 Cr in FY24. The company’s standalone topline also withered 10.2% year-on-year (YoY) to INR 14.57 Cr in H2 FY25.

Founded in 1988 by Hemant Chafale, Heramb Ramkrishna and Mandar Kishor Deo, the Nagpur-based company offers SaaS products and fintech solutions for ERP implementation, and offshore IT services for the BFSI sector. It serves district central cooperative banks, urban cooperative banks, rural banks, commercial banks, credit cooperative societies, and NBFCs.

The company made a stellar debut on the NSE SME last year at INR 143.25 apiece, a premium of 42% compared to its issue price of INR 101 per share. Since then, the company’s stock has hit a rough patch due to ongoing market volatility and adverse macroeconomic factors.

Trust Fintech shares closed Tuesday’s (May 27) trading session at INR 94.10, 6.8% lower than its issue price. On a year-to-date (YTD) basis, the stock is down more than 44%.

Overall, the company’s consolidated net profit stood at INR 12.5 Cr in FY25 against an operating revenue of INR 35.04 Cr.

“The consolidated financial results also include the unaudited financial results/statements and other financial information, in respect of… one (01) overseas subsidiary reflecting total assets of INR 215.31 Lakhs & INR 252.25 Lakhs, and total revenue INR 0.25 Lakhs and INR 0.26 Lakhs and net loss of INR 40. 34 Lakhs and INR 99.41 Lakhs for the half year ended 30th September 2024 and year ended 31st March, 2025 respectively,” added the company.

Zooming Into Trust Fintech’s Expenses

On the expenditure front, Trust Fintech’s total expenses increased 26.3% to INR 23.48 Cr in FY25 from INR 18.59 Cr in the previous year.

Employee Benefit Expenses: Costs under this head zoomed more than 47% to INR 9.49 Cr in FY25 as against INR 6.45 Cr in the year ago period.

Other Expenses: While the company did not give a breakdown of expenditures under this bucket, “other expenses” jumped 30.17% to INR 9.42 Cr in the fiscal under review from INR 7.24 Cr in FY24.

Cost Of Materials Consumed: Trust Fintech spent INR 4.63 Cr Cr on cost of materials in FY25, up nearly 27% from INR 3.65 Cr in the year ago period.