Wakefit continued its growth trajectory with a 21% year-on-year increase in operating revenue for the fiscal year ending March 2024

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Peak XV-backed company decreased losses by 90% while achieving EBITDA positivity of Rs 65.9 crore within the same period

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Wakefit's revenue from operations climbed to Rs 986.4 crore in FY24, up from Rs 812.6 crore the previous year

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Their income was primarily generated by product sales, which climbed 21.47% and totalled Rs 967.86 crore in FY24

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During the fiscal year, income from scrap sales and other small sources increased by 16.73% to Rs 18.49 crore

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The company's interest on bank deposits income increased by 5.8 times to Rs 19.38 crore, bringing its total revenue to Rs 1,017.33 crore in FY24

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Material expenditures remained the greatest expense at Rs 465 crore, accounting for 45.04% of total costs

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The company's overall expenses increased by 6.9% to Rs 1,032.4 crore in FY24. Wakefit reduced its losses by 90% to Rs 15 crore from Rs 145 crore in FY23

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Wakefit cost Rs 1.05 per unit to generate one rupee of operating revenue in FY24

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Wakefit has raised a total of $105.5 million thus far. Peak XV Partners, Verlinvest, and SIG are among the company's top investors

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