OfBusiness posts FY26 profit of Rs 724 crore on Rs 20,645 crore revenue

IPO-bound B2B commerce platform OfBusiness reported FY26 consolidated PAT of Rs 724 crore, up 21% year on year. Its commerce arm generated Rs 19,174 crore in revenue, with EBITDA margin improving to 4% from 2.6% in FY25; lending unit Oxyzo’s asset base reached Rs 11,800 crore.

— Source publishedWed, 29 Jul, 2026, 13:45 IST·First seen Wed, 29 Jul, 2026, 13:48 IST·Source Entrackr · Newsletter

What happened

IPO-bound B2B commerce platform OfBusiness reported FY26 PAT of Rs 724 crore on Rs 20,645 crore consolidated revenue. Its commerce unit improved margins and

Key facts

  • FY26 consolidated revenue: Rs 20,645 crore
  • FY26 PAT: Rs 724 crore, up 21% YoY
  • Commerce revenue: Rs 19,174 crore
  • Commerce EBITDA: Rs 769 crore, up 39% YoY
  • Commerce EBITDA margin: 4%, versus 2.6% in FY25
  • Commerce operating cash flow: Rs 1,302 crore
  • Commerce FCFF: Rs 390 crore
  • Oxyzo asset base: Rs 11,800 crore, up 28% YoY
  • Oxyzo GNPA ratio: 0.75%
  • BidAssist users: over 1.5 million
  • Workforce: over 30,000 employees

Why this matters

OfBusiness’s scaled commerce revenue, expanding margins and embedded lending arm make it a strategically relevant B2B procurement-and-finance platform for partnership or acquisition screening.

What to watch

  • IPO filing timeline, proposed issue size, valuation expectations, and use of proceeds.
  • Whether commerce EBITDA margin sustains at or above 4% for the next two reporting periods.
  • Oxyzo disbursement growth, GNPA/NNPA, credit-cost trends, capital adequacy, and borrowing costs.
  • Revenue mix between marketplace commerce, private-label/fulfilment services, and lending-linked transactions.
  • SME demand, industrial commodity-price movements, and competitive pricing from B2B procurement platforms.
  • Use improved profitability to advance IPO filing, investor education, and valuation benchmarking against profitable B2B and fintech peers.
  • Expand Oxyzo-linked embedded credit selectively in repeat-purchase categories while tightening underwriting and collection controls.
  • Prioritize higher-margin private-label, managed-procurement, and value-added supply-chain services rather than volume-led expansion.
  • Disclose clearer segment economics, customer concentration, loan-book quality, and cash-conversion metrics to address public-market diligence.

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