Screener, a financial data platform, recorded a remarkable threefold revenue growth in FY24, reaching Rs 24.83 crore, compared to Rs 7.9 crore in FY23. The company’s profitability surged nearly four times, with its profit rising from Rs 4.43 crore in FY23 to Rs 16.88 crore in FY24, driven by strong operational efficiencies and increasing demand for its stock analysis and screening tools.
Nearly 85% of its revenue was derived from its operations in FY24, which increased from over 80% in FY23.
Founded in 2009 and headquartered in Lucknow, Screener provides investors with fundamental financial data through a freemium business model. While the platform offers a free version with essential stock analysis and filters, premium subscribers gain access to advanced features such as custom financial screens, alerts, and detailed stock reports.
The company remains bootstrapped, with co-founders Ayush Mittal and Pratyush Mittal steering its growth without any external funding.
Despite its rapid revenue growth, Screener maintained cost discipline, with expenses rising modestly by 36.5% from Rs 2.19 crore in FY23 to Rs 2.99 crore in FY24. Employee benefit costs accounted for 37.79% of total expenses in FY24, up from 27.85% in FY23, while advertisement expenses declined to 7.69% from 10.04%. Depreciation costs stood at 2.57% of total expenses.
The company’s strong financial performance is reflected in its EBITDA margin, which improved to 88.27% in FY24 from 72.26% in FY23, showcasing its highly profitable business model. Additionally, ROCE surged to 65.42% in FY24, nearly doubling from 34.34% in FY23.
As the demand for stock market data and insights continues to rise, Screener is well-positioned to capitalize on this growth while maintaining its high-margin, self-sustaining model.