India, May 28 -- Fintech SaaS company Trust Fintech's standalone net profit declined 28% to nearly INR 9 Cr in the financial year 2024-25 (FY25) from INR 12.57 Cr in the previous fiscal.

In the second half (H2) of FY25, the company saw its standalone profits fall 26.4% to INR 3.84 Cr compared to INR 5.22 Cr in the year ago period.

The company, which made its public market debut in April last year, also saw its standalone operating revenues tank 10.8% to INR 31.26 Cr in FY25 as against INR 35.04 Cr in FY24. The company's standalone topline also withered 10.2% year-on-year (YoY) to INR 14.57 Cr in H2 FY25.

Founded in 1988 by Hemant Chafale, Heramb Ramkrishna and Mandar Kishor Deo, the Nagpur-based company offers SaaS products and fintech...