InCred’s Stellar FY24 Performance: Revenue Soars, Profits Explode
InCred, the fintech unicorn, has announced impressive financial results for FY24, showcasing significant growth across all key metrics.
Revenue Breakdown:
InCred's revenue primarily comes from interest received on loan disbursements, accounting for 94% of its total operating revenue.
This indicates that InCred's core business is lending, and they're doing it very effectively.
The remaining 6% of revenue comes from fees, commissions, and dividends. This suggests that InCred is diversifying its revenue streams beyond just loan interest.
Revenue Growth:
InCred's revenue surged to Rs 1,267 crore in FY24, marking a remarkable 48% increase from Rs 856 crore in FY23.
This impressive growth follows a 2.6X jump in revenue from FY22, where the company recorded Rs 488 crore.
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