Samunnati’s Performance as an Agri-Value Chain Enabler in FY25

Samunnati, a prominent agri-value chain enabler, experienced modest growth during the fiscal year ending March 2025, while successfully maintaining profitability at the pre-tax level. The company’s consolidated financial statements, submitted to the Registrar of Companies (RoC), reveal that Samunnati’s gross revenue slightly increased to Rs 2,434 crore in FY25, up from Rs 2,404 crore in FY24.

About Samunnati

Established in 2014, Samunnati operates as a specialised agri ecosystem platform, offering both financial and non-financial solutions throughout the agricultural value chain. The company primarily collaborates with farmer-producer organisations (FPOs), agricultural SMEs, and agri-tech startups, claiming to support over 6,000 farmer collectives, thereby positively impacting millions of smallholder farmers across India.

Revenue Breakdown

Trading and related activities remained the cornerstone of Samunnati’s business, contributing approximately 90% of its total gross revenue. Revenue from this segment hit Rs 2,205 crore in FY25, with the remaining income derived from financing and lending operations.

Cost Structure

On the cost side, procurement expenses continued to represent the largest share, making up nearly 85% of overall expenses. In FY25, the procurement cost reached Rs 2,084 crore. Additionally, employee benefit expenses increased by 8% to Rs 76 crore over the same period.

Finance Costs and Expenditures

Samunnati saw a significant uptick in finance costs associated with its lending business, which surged by 42.9% to Rs 215.8 crore in FY25, compared to Rs 151 crore in FY24. Legal, professional, and other overhead costs also contributed to an increase in the company’s total expenditure, which amounted to Rs 2,463 crore in FY25, up from Rs 2,434 crore in FY24.

Earnings Performance

Despite experiencing stagnant growth in gross revenue and escalating costs, Samunnati achieved earnings before tax (EBT) of Rs 5.3 crore in FY25. However, a deferred tax expense of Rs 74 crore led the company to report a net loss of Rs 74 crore for the financial year.

Operational Efficiency

In FY25, the company invested nearly Re 1 to generate each unit of revenue, indicating near break-even operations. As of March 2025, Samunnati’s total current assets were valued at Rs 2,103 crore, which included cash and bank balances amounting to Rs 308 crore.

Recent Fundraising Activities

In terms of fundraising, Samunnati successfully completed a $44 million Series E round in May of the previous year. Prior to this, the company had raised $135 million from a diverse group of lenders and investors, including USDFC, Credit Saison, Tata Capital, Poonawalla Fincorp, Hinduja Leyland Finance, Wint Wealth, Altifi, Alteria Capital, and Anicut Capital.