SoftBank-backed business-to-business (B2B) commerce and lending platform OfBusiness reported a 7% decline in its FY26 revenues after exiting low-return categories, while deeper manufacturing integration widened margins and cash generation strengthened ahead of an imminent IPO (initial public offering).
Consolidated revenues fell to Rs 20,645 crore from Rs 22,241 crore in FY25, while profit after tax increased 21% to Rs 724 crore from Rs 597 crore, OfBusiness said in a statement on Wednesday. Net profit margin widened to 3.5% from 2.7%. The commerce unit reported revenues of Rs 19,174 crore, virtually flat after adjusting for discontinued operations. Its Ebitda (earnings before income, tax, depreciation and amortisation) rose 34% to Rs 769 crore from Rs 575 crore, with the margin expanding to 4% from 2.6%, OfBusiness said.
