• Scripbox posts Rs 12.7 Crore profit in FY25 after strong revenue growth
• Costs fall sharply with major drop in ESOP related expenses
• Brokerage and mutual fund commissions drive 82% of revenue

Wealth management platform Scripbox has recorded a clean profit in FY25, marking a major turnaround after years of losses. The company reported Rs 107.24 crore in operating revenue, a 27% jump from FY24, helped by steady business growth and tight cost control.

The 12-year-old startup earns most of its money through brokerage and commissions on mutual funds, PMS, fixed deposits, AIFs, sovereign gold bonds, and advisory services. Mutual fund distribution remained its biggest revenue driver, contributing Rs 88 crore, while PMS added Rs 8.66 crore. Advisory fees brought in Rs 7.6 crore, with the rest coming from other investment products. Including interest income, Scripbox’s total revenue for FY25 stood at Rs 109.3 crore.

A major factor behind the company’s improved financials was a 32% drop in employee-related costs, primarily due to a sharp fall in ESOP expenses, from Rs 25.7 crore in FY24 to Rs 3.48 crore in FY25. Overall expenditure decreased by 29% to Rs 95.8 crore, even as advertising costs rose significantly.

With expenses under control, Scripbox posted a Rs 12.77 crore profit, a notable improvement compared to FY24, when the company appeared profitable only because of a one-time ESOP cancellation gain. Its EBITDA margin turned positive at 20.47%, and ROCE improved to 14.5%.

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However, challenges remain. Despite operating for over a decade, Scripbox’s growth has not kept pace with the rapid expansion of India’s fintech and wealth-tech ecosystem. The company also faces pressure from evolving regulations, especially around mutual fund commissions. With limited cash reserves just Rs 58 lakh at the end of FY25, the firm may need to demonstrate stronger performance or consider strategic options in the future.

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