Trendlyne posted revenue growth of over 54%, reaching Rs 12.22 crore in FY24 compared to Rs 7.89 crore in FY23. Its operating revenue accounted for over 98% of total revenue in FY24.
Trendlyne is a comprehensive analytics platform for retail investors, analysts, and advisors. It offers tools like stock screeners with 700+ metrics, backtesting, and real-time portfolio tracking. Known for its DVM scores, Trendlyne simplifies investment decisions by providing structured insights and strategies, combining fundamental, technical, and analyst data with advanced backtesting capabilities across markets.
The company has raised Rs 20.08 crore in funding over 4 rounds, with the latest round in July 2022. Co-founders Amber Pabreja hold 31.13% of the company, while the ESOP pool constitutes 3.71% of the equity.
Expenses increased by over 48%, rising to Rs 10.56 crore in FY24 from Rs 7.13 crore in FY23. Employee benefit costs grew to 58% of total expenses in FY24, up from 52% in FY23. Advertisement costs rose to 9% of total expenses, compared to 6% in FY23, while legal and professional fees decreased to 5% from 8% in FY23.
Net profits surged 2.2x to Rs 1.23 crore in FY24 from Rs 55.55 lakh in FY23, boosting margins significantly. The EBITDA margin improved to 14.39%, and ROCE increased to 8.05% in FY24.