SaaS cybersecurity startup TAC Infosec has reported a robust performance in the financial year 2023-24 (FY24), with its net profit soaring by 23% to INR 6.33 Cr compared to INR 5.12 Cr in FY23.
Listed on NSE Emerge last month, TAC Infosec witnessed a significant uptick in operating revenue, which surged by 17% to INR 11.84 Cr in FY24 from INR 10.09 Cr in the previous fiscal year.
Total expenditure for the fiscal year stood at INR 5.49 Cr, marking a 10% increase from the INR 4.97 Cr spent in FY23. Notably, employee benefit expenses emerged as the major contributor to expenditure, skyrocketing to INR 3.68 Cr in FY24 from INR 1.28 Cr in the previous fiscal.
The company’s profitability saw a notable boost in the latter half of the fiscal year, with the company raking in INR 4.4 Cr in profit during that period.
