Cleantech Firm Attero Scales Revenue Sharply in FY25, But Profitability Remains Under Pressure
India’s e-waste recycling industry is gaining momentum, and Attero is riding this wave with strong revenue growth. The Noida-based cleantech company reported a significant jump in its operating revenue for FY25, reflecting rising demand for responsible recycling and metal recovery. However, despite the sharp increase in scale, the company’s profitability remained nearly unchanged.
Strong Revenue Growth Led by Recycling Operations
Attero’s revenue from operations surged to ₹961 crore in FY25, up from ₹446 crore in FY24, marking a 2.2X year-on-year growth. The growth was largely driven by its core segments, including e-waste recycling and lithium-ion battery processing.
A major chunk of the company’s income came from the sale of recovered metals such as lithium, cobalt, and nickel. These recycled materials are increasingly in demand due to the rapid growth of electronics and electric vehicles. Additionally, Attero generates revenue from services like extended producer responsibility (EPR) compliance, secure data destruction, and waste management solutions.
Profitability Impacted by Rising Expenses
Despite the strong topline performance, Attero’s profit after tax (PAT) remained almost flat at around ₹14.6 crore in FY25. This marginal growth indicates that rising operational costs continue to put pressure on margins.
FundingaltM Raises $10.3 Mn To Make Chemicals From Farm Waste
Start UpCashKaro Revenue Jumps 72% to Rs 600 Cr in FY26The company’s total expenses also increased significantly to ₹936 crore, nearly matching its revenue growth. Raw material costs formed the largest portion of expenses, accounting for nearly 89% of the total. Alongside this, employee benefit costs and other operational expenses rose as the company expanded its operations.
On a unit level, Attero spent about ₹0.97 to earn every ₹1, highlighting tight profitability despite scaling revenues.
Future Outlook Remains Positive
Attero continues to invest in advanced recycling technologies and infrastructure to strengthen its position in India’s growing circular economy. With increasing awareness around sustainability and stricter environmental regulations, the demand for organised e-waste recycling is expected to rise further.
The growing adoption of electric vehicles and electronic devices is also likely to boost demand for recycled battery materials, creating long-term opportunities for the company.
Conclusion
Attero’s FY25 performance reflects a strong growth trajectory backed by rising demand in the recycling sector. However, controlling costs and improving margins will be key for the company to convert its revenue growth into higher profits in the coming years.
Ankitaa Bal is a writer at Bharat Fast (bharatfast.com). She is a detail-oriented content writer specialising in SEO-driven news and feature coverage of startups, funding and business.
