Razorpay's FY22 Profit Rises 20% to INR 7.3 Cr, Operating Revenue Nears INR 1,500 Cr Mark

 Razorpay's FY22 Profit Rises 20% to INR 7.3 Cr, Operating Revenue Nears INR 1,500 Cr Mark

   

Razorpay, a fintech unicorn based in Bengaluru, reported a 20% increase in standalone net profit, reaching INR 7.3 Cr from INR 6.1 Cr in FY21. The company's revenue from operations also surged by 76%, amounting to INR 1,481 Cr, majorly due to pay commission fees earned by providing online payment services to merchants.

 

However, the company's total expenses also rose by 76% to INR 1,476.5 Cr in FY22 from INR 838.9 Cr in FY21, with a significant amount of undisclosed miscellaneous expenses. Employee benefit expenses also increased by 75%, reaching INR 372.5 Cr from INR 212.9 Cr in FY21.

 

Furthermore, Razorpay spent INR 86 Cr on advertising and marketing, recording a 218.5% increase from INR 27 Cr in FY21. The company earned INR 17.3 in operating revenue for every INR 1 spent on advertising and marketing, reflecting the effectiveness of its marketing efforts.

 

Overall, Razorpay's financial performance indicates a strong growth trajectory, as its revenue from operations nears the INR 1,500 Cr mark. The company's focus on providing online payment services to merchants has proved successful, and its investment in advertising and marketing has paid off with significant returns.