Healthcare focused edtech platform DailyRounds delivered another strong financial performance in FY25, reporting a 13% year-on-year increase in operating revenue and a similar 13% growth in net profit. The Bengaluru based company continues to demonstrate disciplined scale and robust margins in the medical education segment.
According to consolidated financial statements filed with the Registrar of Companies (RoC), DailyRounds’ operating revenue rose to ₹641 crore in FY25, up from ₹568 crore in FY24.
Marrow Continues to Anchor Revenue
The company’s flagship product, Marrow, remained the primary revenue engine. The subscription-based medical learning platform offering video lectures, question banks, and test series for medical students and practitioners accounted for approximately 88% of operating revenue during the fiscal year.
Subscription plans ranging from three to 36 months drove consistent inflows, reinforcing DailyRounds’ recurring revenue model. The remaining operating income came from book sales under bundled student plans, contributing ₹75 crore, along with a smaller share from market research services.
In addition to operating revenue, the company generated ₹132 crore in non-operating income, largely from interest on deposits and investments, taking total revenue to ₹773 crore in FY25.
Controlled Costs, Expanding Margins
On the cost front, legal and professional fees emerged as the largest expense head, forming nearly 31% of total expenses at ₹91 crore up 42% year-on-year. Employee benefit expenses increased 25% to ₹85 crore.
Spending on web hosting, payment gateways, advertising, business promotion, and other overheads pushed total expenditure to ₹295 crore in FY25, compared to ₹225 crore in FY24.
Despite higher operating costs, strong revenue momentum enabled DailyRounds to post a net profit of ₹363 crore in FY25, up from ₹320 crore a year earlier. The company reported an EBITDA margin of 57.29% and a return on capital employed (ROCE) of 21.21%. On a unit basis, it spent ₹0.46 to earn one rupee of operating revenue.
Strong Balance Sheet Position
As of March 2025, DailyRounds held total current assets of ₹1,826 crore, including ₹1,756 crore in cash and bank balances nearly 2.5 times higher than the previous fiscal year.
With sustained profitability, a capital-light subscription model, and a strong cash position, DailyRounds continues to be one of India’s most profitable edtech platforms in the medical education space.
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