JSW One narrows FY26 loss to ₹106.5 crore while revenue jumps 45%
JSW One Platforms reduced its consolidated net loss by 50.9% to ₹106.5 crore in FY26, down from ₹217 crore the previous year. Operating revenue rose 44.9% to ₹5,743.4 crore in the same period, up from ₹3,962.8 crore in FY25.
Total expenses climbed 40.5% to ₹5,894.1 crore in FY26, driven by a 42.7% increase in material purchases to ₹5,444.1 crore and a 58% rise in transportation costs to ₹152.1 crore. For the June quarter of FY27, the company posted a consolidated profit of ₹14.2 crore on operating revenue of ₹1,642.5 crore. JSW One is preparing a proposed ₹3,054 crore IPO, having previously raised ₹205 crore in a Series A round in April 2023 and a ₹575 crore round in October 2023.
Incorporated as JSW Retail in 2018, the company was renamed JSW One Platforms in December 2020. It launched the JSW One MSME and JSW One Homes portals in 2021, subsequently expanding into private brands and lending. Its subsidiary JSW One Finance received its NBFC registration in 2024.
What we know
JSW Group’s B2B ecommerce marketplace JSW One Platforms narrowed its consolidated net loss by 50.9% to ₹106.5 Cr in FY26 from ₹217 Cr in the previous financial year, helped by revenue growth outpacing the rise in expenses.
Its operating revenue jumped 44.9% to ₹5,743.4 Cr from ₹3,962.8 Cr in FY25, according to its DRHP.
For the June quarter of FY27, JSW One reported a consolidated profit of ₹14.2 Cr on an operating revenue of ₹1,642.5 Cr.
JSW One’s total expenses increased 40.5% to ₹5,894.1 Cr in FY26 from ₹4,196.5 Cr in FY25.
The financial disclosures come as JSW One prepares for a proposed ₹3,054 Cr IPO.