FY 2023-24 was a year of unprecedented efficiencies for Arya.ag, leading to a significant profit in growth. Despite challenges posed by policychanges and weather-related hurdles, our company thrived. Our unique model is designed to naturally contain business risks, deliver strong financial performance, and create value for all stakeholders within the agricultural ecosystem.
Profitability Surge:
Profit before tax surged 36% year-on-year, reaching ₹17 crores. This translates to a net margin of 4.7%, factoring in all expenses, including interest,taxes, and depreciation, providing a comprehensive view of our financial performance.
Financial Indicators:
We have expanded our share of customer spending by increasing our take rate by 10% in the last year. Our improving financial metrics reveal asuccessful strategy that has boosted marketpenetration.
Capital Efficiency:
We significantly increased our capital efficiency, with successful capital-efficient models like colending and business correspondent associations contributing to a five-fold increase over the last year.
Revenue Growth:
The company closed the year with gross revenue of ₹4150 crores, a 106% growth over the previous financial year. This translated into net revenue of ₹360 crores, a 20% growth in net revenue* over the last year.
Business Highlights
We aim to address two critical questions for the Indian farmer:
- When to sell
- Whom to sell to
To solve this, we integrate warehouse discovery, farmgate-level storage, financing, and market linkages to create a comprehensive digital platform accessible across the value chain, from smallholder farmers to large corporates.
Our integrated agChain and asset-light model have been the backbone of our success.
During this year, ₹22,796 crores worth of commodities came onto the platform, and total disbursements of ₹12,895 crores were made with almost nil NPAs. And a total commerce of ₹4,523 crores was facilitated on the platform.
Future Outlook: Nurturing Innovation and Inclusion
At Arya.ag, we remain dedicated to strengthening our margins and profitability while significantly contributing to customer value. We will deepen our presence across geographies, especially strengthening our impact in vulnerable geographies for climate resilience and adaptation. In the coming financial year, we will strengthen the linkage of farmers and markets using technology, further our satellite monitoring capabilities, and empower farmers to make informed decisions. Given the climate-induced stress in agriculture, we will work with farmers, FPOs and ‘climatechampions’ to build trust, optimise resource allocation, and minimise adverse environmental impacts.
Conclusion: Reaping the Rewards of a Truly Indian Platform
We will continue to work on our blockchain offerings, AI, and deep tech vision to achieve unprecedented visibility, transparency, and assurance across the agrivalue chain. We are incredibly proud of our achievements in FY 2023-24, positioning Arya.ag as a profitable agritech leader. Our success reflects the hard work, dedication, and resilience of our talented team, who have consistently delivered exceptional results amidst fierce competition and unprecedented challenges.
