Innoviti Technologies Revenue Exceeds Rs 110 Cr in FY23, Costs Up as well

  • Innoviti Technologies’ operating revenue increased by 48.7% reaching Rs 110.2 Cr in FY23, from selling its payment gateway and PoS services.
  • The firm also made Rs 5.39 Cr from the sale of investments in FY23; yet, its total costs rose to Rs 202.2 Cr.
  • Despite cost management, Innoviti’s losses increased by 17.8% to Rs 86.5 Cr, spending Rs 1.83 to earn each rupee of revenue in FY23.
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