Oxyzo Financial Services, the lending arm of OfBusiness, saw a 33.6% rise in operating revenue to Rs 1,207 crore in FY25 with interest income contributing significantly.
The net profit of Oxyzo increased by 16.7% to Rs 339.1 crore compared to the previous fiscal year, reflecting a positive growth trend.
Majority-owned by OfBusiness, Oxyzo provides credit facilities and works closely with the parent platform that offers an ecommerce platform for sourcing raw materials.
Total expenses of Oxyzo rose by 46% in FY25 to Rs 754.6 crore, with increased finance costs and employee benefit expenses affecting the overall financials.