India-based e-waste recycling firm Attero reported a sharp surge in scale during FY25, with its revenue more than doubling 2.2 times to ₹961 crore from ₹446 crore in FY24, driven by strong demand for recycling and metal recovery services.

Key Highlights

• Attero revenue jumps 2.2 times to ₹961 crore in FY25 driven by strong recycling demand.
• Profit remains flat as rising costs and raw material expenses offset strong revenue growth.

The company’s growth was largely fueled by its core operations, including recycling of electronic waste and lithium-ion batteries, along with the sale of recovered metals and battery-grade materials, which contributed over 85% of total revenue.

However, despite the robust topline expansion, profitability remained largely unchanged. Attero reported a flat profit after tax (PAT) of around ₹14.6 crore in FY25, compared to ₹14.47 crore in the previous fiscal, reflecting margin pressures.

The muted profit growth was primarily due to a sharp rise in expenses. Total costs climbed in line with revenue, increasing 2.2 times to ₹936 crore, with raw material costs alone accounting for nearly 89% of total expenses.

Employee expenses and operational costs also rose significantly as the company scaled operations, invested in capacity expansion, and strengthened its workforce to meet growing demand.

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Attero operates in the rapidly expanding e-waste and battery recycling sector, leveraging proprietary technology to extract valuable materials such as lithium, cobalt, and nickel. The company’s continued investments in automation, logistics, and infrastructure are aimed at supporting long-term growth in a market driven by rising electronics consumption and sustainability mandates.