Infra.Market FY25 revenue jumps 27% to Rs 18,472 crore, profit falls 42%

Infra.Market, an online marketplace for construction materials, reported a 27% year-on-year (YoY) increase in consolidated revenue for FY25, even as its net profit declined 42%.

The Mumbai-based firm’s revenue from operations stood at Rs 18,472 crore, compared with Rs 14,530.2 crore a year earlier, according to financial statements filed with the Registrar of Companies (RoC).

The company, which recently filed for a Rs 5,000-crore initial public offering (IPO) with the Securities and Exchange Board of India (Sebi), saw its net profit fall to Rs 219.7 crore from Rs 378 crore in the previous year.


Founded in 2016 by Aaditya and Souvik Sengupta, Infra.Market supplies a range of building materials, including concrete, steel, pipes and fittings, plywood, fans, lights, and kitchen and electrical appliances, to real estate developers, contractors, and architects.

On the expense side, the cost of construction materials rose to Rs 5,402.4 crore, while purchases of stock-in-trade stood at Rs 8,440.7 crore in FY25.

Employee benefit expenses also climbed 41% to Rs 563.6 crore, while finance costs rose 45% to Rs 804.8 crore during the year, pushing total expenses to Rs 18,249.6 crore in FY25, compared with Rs 14,272.3 crore in FY24.

In September 2025, Infra.Market raised nearly Rs 732 crore from promoters and existing shareholders, valuing the company at around $2.8 billion. This included Rs 250 crore infused by the founders through the promoter entity Silverline Homes, while Zerodha cofounder Nikhil Kamath’s NK Squared invested about Rs 200 crore.

For its IPO, Infra.Market has chosen the confidential route. The investment bankers on the issue include Kotak Mahindra Capital, IIFL Capital, Goldman Sachs, Jefferies, ICICI Securities, HSBC Securities, Motilal Oswal Financial Services, and Nuvama Wealth Management.

Infra.Market competes with companies such as Zetwerk, OfBusiness, and Moglix. According to data intelligence platform Tracxn, Zetwerk reported revenues of Rs 12,980.7 crore in FY25, posting a net loss of Rs 370.7 crore, while Moglix reported a topline of Rs 5,697 crore with a net loss of Rs 144.5 crore. OfBusiness recorded revenue of Rs 19,528 crore in FY24.