Pune based agritech platform AgroStar reported steady growth in FY25, crossing ₹850 crore in operating revenue while significantly reducing its losses during the fiscal year ended March 2025.
According to consolidated financial statements filed with the Registrar of Companies (RoC), AgroStar’s operating revenue grew 14.2% year-on-year to ₹853 crore in FY25 from ₹747 crore in FY24.
Product Sales Drive Majority of Revenue
AgroStar operates a full stack agritech platform that provides farmers with access to agri inputs such as seeds, crop protection products, and crop nutrition solutions. The company also leverages AI-driven advisory and expert guidance to improve farmer engagement and drive repeat purchases.
Revenue from product sales contributed nearly 97% of total operating revenue and increased 14.5% to ₹827 crore in FY25. Income from services and other operating streams contributed ₹13 crore each, taking the company’s total income to ₹864 crore for the year.
Cost Structure and Operational Efficiency
Material procurement remained the largest expense, accounting for 56% of total costs and rising modestly by 6% to ₹567 crore. Transportation costs increased 31% to ₹145.5 crore, reflecting higher logistics spending.
Employee benefit expenses slightly declined to ₹108 crore, while depreciation costs dropped sharply by 72.3% to ₹57 crore. Finance costs rose to ₹36 crore during the year.
Overall, AgroStar reduced total expenses by 7.4% to ₹1,008 crore in FY25 from ₹1,089 crore in FY24, highlighting improved cost discipline.
Losses Narrow Significantly
With steady revenue growth and tighter cost controls, AgroStar reduced its net losses by 56% to ₹143.5 crore in FY25 from ₹327 crore in FY24. The company’s EBITDA margin stood at -7.15%, while ROCE was reported at -140.48%.
On a unit basis, AgroStar spent ₹1.18 to earn every rupee of revenue in FY25, compared to ₹1.46 in the previous fiscal year.
Funding and Market Position
As of March 2025, AgroStar reported cash and bank balances of ₹120 crore and total current assets of ₹437 crore. The company has raised around $186 million to date, including a $30 million round led by Just Climate.
AgroStar competes with agritech platforms such as Ninjacart, DeHaat, and WayCool as it continues expanding in India’s large and evolving agricultural input market.
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