Samunnati posts Rs 2,434 Cr GMV and Rs 5 Cr PBT in FY25

Samunnati, an agri-value chain enabler, reported muted growth during the fiscal year ended March 2025, while continuing to remain profitable at the pre-tax level.

According to its consolidated financial statements filed with the Registrar of Companies (RoC), the Chennai-based company’s gross revenue inched up to Rs 2,434 crore in FY25 from Rs 2,404 crore in FY24.

Founded in 2014, Samunnati is a specialised agri ecosystem platform, providing both financial and non-financial solutions across the agricultural value chain. The company primarily works with farmer-producer organisations (FPOs), agri SMEs, and agri-tech startups, and claims to serve over 6,000 farmer collectives, impacting millions of smallholder farmers across India.

Trading and allied activities continued to be the mainstay of Samunnati’s business, contributing around 90% of its total gross revenue. Income from this segment stood at Rs 2,205 crore in FY25, while the remaining income was generated from its financing and lending operations.

On the cost front, procurement expenses remained the largest component, accounting for nearly 85% of total expenses. The cost of procurement rose to Rs 2,084 crore in FY25. Employee benefit expenses also moved up by 8% to Rs 76 crore during the year.

Samunnati’s lending business led to a sharp rise in finance costs, which surged 42.9% to Rs 215.8 crore in FY25 from Rs 151 crore in FY24. Legal, professional, and other overhead expenses further pushed the company’s total expenditure to Rs 2,463 crore in FY25, compared to Rs 2,434 crore in FY24.

Despite flat gross revenue growth and rising costs, Samunnati reported earnings before tax (EBT) of Rs 5.3 crore in FY25. However, a deferred tax expense of Rs 74 crore dragged the company into losses, with a net loss for the year standing at Rs 74 crore.

The company spent nearly Re 1 to earn a unit of revenue in FY25, indicating near break-even operations. Its total current assets stood at Rs 2,103 crore as of March 2025, including cash and bank balances of Rs 308 crore.

On the fundraising front, Samunnati closed a $44 million Series E round in May last year. Before that, the company had raised $135 million from a mix of lenders and investors, including USDFC, Credit Saison, Tata Capital, Poonawalla Fincorp, Hinduja Leyland Finance, Wint Wealth, Altifi, Alteria Capital, and Anicut Capital.