SUMMARY
- Infra.Market’s gross revenue increased from Rs 11,847 crore in FY23 to Rs 14,530 crore in FY24.
- In FY24, the company reported a PAT of Rs 378 crore.
- The firm did not detail its revenue and expense figures in the announcement.
Infra.Market’s gross revenue increased from Rs 11,847 crore in FY23 to Rs 14,530 crore in FY24, as reported by the firm. This rise was largely attributed to increased demand and a broader market presence across various construction material segments.
Infra.Market operates across three main sectors: construction materials, infrastructure products, and technical equipment. However, the firm did not detail its revenue and expense figures in the announcement.
In FY24, the company reported a PAT of Rs 378 crore, up 2.4 times from Rs 155 crore in FY23. This notable growth also led to an improved PAT margin, which rose from 1.3% in FY23 to 2.6% in FY24, and an improvement in EBITDA margins, climbing from 6.6% to 7.5%.
In its expansion strategy, Infra.Market has focused on enhancing its manufacturing capabilities and introducing a line of private-label products across various product categories such as concrete, walling solutions, paints, electrical components, wood, and tiles. The company also highlighted a strong performance in its retail and consumer segments, which has contributed to its existing B2B clientele.
Infra.Market has secured approximately $540 million through equity and debt funds. Tiger Global has emerged as the leading external investor, followed by Accel and Nexus Ventures, following its latest investment round.
The company is in the planning stages for an IPO and is expected to file its DRHP in the near future. Its competitors include OfBusiness, Moglix, Zetwerk, and MetalBook, to name a few.
