Arya.ag Reports Stellar Growth in Fiscal Year 2023-24

Arya.ag, India's only profitable integrated grain commerce platform, today released its financial results for the fiscal year 2023-24. The company demonstrated significant growth and profitability, despite facing challenges due to policy changes and weather-related issues. Arya.ag's gross revenue grew by an impressive 106%, reaching ₹4,150 crores, while net revenue increased by 20% to ₹360 crores.

The company's profit before tax increased by 36% year-on-year, amounting to ₹17 crores, with a net margin of 4.7%. This financial performance takes into account all expenses, including interest, taxes, and depreciation, providing a comprehensive view of Arya.ag's financial health.

Transformative Agri-Business Model

Arya.ag's business model, designed to manage risks, deliver financial results, and create value for stakeholders in the agricultural ecosystem, has played a crucial role in its success. The company's focus on capital efficiency, through models like co-lending and business correspondent associations, led to a five-fold increase over the last year.

Throughout FY 2023-24, the platform witnessed ₹22,796 crores worth of commodities being transacted, with total disbursements of ₹12,895 crores and nearly zero non-performing assets (NPAs). The platform also facilitated a total commerce of ₹4,523 crores.

The company's integrated agChain and asset-light model have been key drivers of its success, addressing the critical questions of when and to whom Indian farmers should sell their produce. By integrating various aspects of the agricultural value chain, including warehouse discovery, farmgate-level storage, financing, and market linkages, Arya.ag has developed a comprehensive digital platform that serves stakeholders across the spectrum.

Prasanna Rao, Co-Founder and CEO at Arya.ag, stated, "At Arya.ag, we remain dedicated to strengthening our margins and profitability while significantly contributing to customer value. We will deepen our presence across geographies, especially strengthening our impact in vulnerable geographies for climate resilience and adaptation. In the coming financial year, we will strengthen the linkage of farmers and markets using technology, further our satellite monitoring capabilities, and empower farmers to make informed decisions. Given the climate-induced stress in agriculture, we will work with farmers, FPOs and 'climate champions' to build trust, optimise resource allocation, and minimise adverse environmental impacts."

Going forward, Arya.ag remains committed to improving its margins and profitability while delivering value to its customers. The company plans to expand its presence across geographies, particularly in regions vulnerable to climate change, to support climate resilience and adaptation. Arya.ag will also continue to develop its blockchain offerings, AI, and deep tech capabilities to enhance visibility, transparency, and assurance across the agri-value chain.