MathCo's profit skyrockets 4X in FY25, revenue growth stagnant
MathCo, a data and analytics solutions firm, just pulled off a 4.3X jump in net profit for FY25—reaching ₹64 crore—even though their revenue barely moved, up just 0.5%.
The secret? Tight cost-cutting, including trimming expenses by 9% and reducing employee benefits by 7%.
Efficiency up, spending down
MathCo got more efficient this year: their return on capital rose to 11.71%, and EBITDA margin improved to 14.36%.
They now spend only ₹0.89 to earn every rupee of revenue (down from ₹0.98 last year), while keeping IT costs steady and managing a slight bump in depreciation.
Big hiring plans ahead
With ₹53 crore in cash and having raised a total of $53 million in funding till date from investors like Brighton Park Capital (16% stake) and Patni Wealth Advisors (13%), MathCo is gearing up to hire 700 new people in FY25—mainly for North America and Europe—to meet growing demand for enterprise AI solutions.