Virtual Galaxy Infotech, a SaaS and enterprise software solutions provider, has posted 97 per cent rise in standalone net profit at ₹32.12 crore for fiscal year 2024-25. The company had earned a profit of ₹16.30 crore last year and got listed on NSE Emerge last month.
Founded in 1997, Virtual Galaxy Infotech provides advanced software services to commercial banks, state cooperative banks, urban cooperative banks, district central cooperative banks, cooperative societies, NBFCs, and Savings and Credit Cooperative Societies (SACCOS).
Revenue from operations almost doubled to ₹120.14 crore during 2024-25, as against Rs 61.46 crore in 2023-24, the company said in a statement. EBITDA surged by 79.37 per cent at ₹55.55 crore in 2024-25 from ₹30.97 crore last year. EBITDA margin stood at 46.24 per cent as against 50.38 per cent in 2023-24.
Sachin Pande, co-founder and managing director of Virtual Galaxy Infotech, said the company posted growth in both topline and bottomline backed by a steady rise in demand for advanced IT solutions across various sectors.
"Our topline grew nearly 95.48 per cent while the PAT increased by 97.05 per cent during 2024-25 with a major share of the business coming in from our core banking software solutions aimed at the BFSI sector," Pande said.
He further said that the revenue from BFSI sector soared 95.91 per cent at ₹110.2 crore during the year under review as against ₹56.25 crore last year.
Revenue from the ERP segment grew nearly threefold at ₹9.44 crore during 2024-25 from ₹3.22 crore a year ago.
The company has over 350 employees and serves clients across more than 15 states in India, besides the international market, including Tanzania and Malawi in Africa.