IPO-Bound Navi Finserv’s FY25 Profits Plunge 67% To INR 222 Cr

Ahead of its stock market debut in the financial year 2025-26 (FY26), Sachin Bansal-led Navi Finserv has seen a steep decline in its FY25 net profit.

The fintech major’s profit after tax (PAT) declined 67% to INR 221.9 Cr during the year from INR 668.8 Cr in FY24.

However, the startup’s top line remained robust. Navi’s operating revenue stood at INR 2,271.2 Cr, up 19% compared to INR 1,906.2 Cr posted in FY24. 

The key reason behind the significant dip in Navi’s profits is an exceptional fall in the other income, which stood at a mere…