India, Oct. 9 -- Info Edge Ventures-backed Meritto (formerly NoPaperForms) has posted a net profit of INR 1.9 Cr in the fiscal year 2024-25 (FY25), marking a jump of about 50X from INR 4 Lakh PAT posted in FY24. Important to mention that FY24 was the maiden profitable fiscal for the SaaS startup.

Meritto's profitability in the fiscal surged on the back of a decent uptick in its top line and an improvement in margins. For FY25, its operating revenue rose 31% to INR 92.3 Cr in FY25 from INR 70.4 Cr in FY24. Including an other income of INR 3.5 Cr, Meritto's total income stood at INR 95.8 Cr, up 30% from INR 73.6 Cr in the previous year.

Meanwhile, Meritto's total expenses also increased to INR 94.2 Cr in FY25, up 28% from INR 73.6 Cr in F...