• Post-IPO performance: Market cap eroded by almost 60% from ₹600 to under ₹200 after an unexpected consumer lending cycle caused three consecutive loss-making quarters following its December 2024 listing.
• Financial turnaround: Quarterly losses narrowed from ₹40 crore to ₹30 crore and then to negative ₹6 crore in Q2, with the company regaining baseline profitability in Q3 and Q4.
• Institutional sentiment: Institutional backing remains low due to the recent downturn and broader market volatility from geopolitical tensions, though management anticipates valuation multiples will recover with sustained bottom-line growth.
• Long-term revenue target: The company is aiming to scale its top-line revenue to between ₹5,000 crore and ₹6,000 crore over the next few years.