IPO-Bound OfBusiness Sees FY26 Net Profit Surge 21% to ₹724 Crore

30 Oct 2026, 7:15 pm · 3h ago · 1 min read · Inc42

As B2B commerce giant OfBusiness prepares for its initial public offering, its FY26 financials show consolidated operating revenue fell nearly 8% year-on-year, while net profit grew 21% to ₹724 crore. The startup has built a profitable business exceeding ₹20,000 crore, creating a dual-unicorn structure alongside its lending subsidiary Oxyzo. While raw-material trading, manufacturing, and apparel drive almost all top-line commerce revenue, Oxyzo generates more than half of the group's segment profits. Unlike peers Udaan, Moglix, and Zetwerk facing losses, OfBusiness remains profitable as it navigates market debut expectations.