Ecozen, a climate-tech company that specializes in solar-powered irrigation and cold chain solutions, recorded 2.5x year-over-year growth in FY25. Additionally, at that time, the company's profits increased by about five times.

Key Highlights

• Ecozen's profit approaches Rs 100 crore milestone in FY25, marking significant financial growth for agritech company.
• Company reports impressive 2.5X revenue jump in FY25, demonstrating strong business expansion and market traction.

According to its consolidated annual financial records submitted to the Registrar of Companies (RoC), Ecozen's operating revenue increased 2.5 times to Rs 1,150 crore in FY25 from Rs 458 crore in FY24.

Using solar energy, Ecozen offers climate-smart solutions based on fundamental technology stacks including motor controls, IoT, and energy storage. The company's main offerings include solar panels, solar AC, Ecotron (a solar pump controller), and Ecofrost (a solar cold storage). 77% of its collections, which increased 2.3 times to Rs 889 crore in FY25, were from sales of solar and related items. 

The installation of a solar pumping system and other services provided the remaining revenue, which increased by 23% to Rs 261 crore in FY25.

The cost of materials continued to be the biggest expense component, accounting for 64% of the total amount spent. In FY25, this expense doubled to Rs 662.5 crore. Employee benefit costs increased by 58% to Rs 49 crore over the year, while contract prices more than tripled to Rs 169 crore.

During FY25, warranty claim costs, after-sales service costs, and other overheads increased to Rs 118 crore. Overall spending increased from Rs 439.5 crore in FY24 to Rs 1,038 crore in FY25, a 2.4x increase. 

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The Pune-based company's profits increased by almost five times to Rs 95 crore in FY25 from Rs 20 crore in FY24 due to the 2.5X growth in FY25. Its ROCE and EBITDA margin increased to 28.92% and 13.17%, respectively, during the prior fiscal year.

In FY25, Ecozen spent Rs 0.90 per rupee. The company's current assets increased from Rs 96 crore in FY24 to Rs 831 crore at the end of FY25, including cash and bank balances of Rs 228 crore. Ecozen has funded more than $76 million thus far through a combination of financing and equity, according to TheKredible. The company's principal investors are Omnivore and Nuveen Global.