datalabs-logo

  • Ask Datalabs
  • My Feed
  • Companies
  • Investors
  • People
  • Funding Rounds
  • Acquisitions
  • Research Reports
  • Industries
  • Locations
Switch My Loan-logo
Switch My Loan
  1. Switch My Loan

Switch My Loan-logoSwitch My Loan-logo
Switch My Loan

Switch My Loan - Financials, Revenue, P&L Statement, Balance Sheet, Cash Flow & More

Private
Switch My Loan Private Limited
Private
Switch My Loan Private Limited
2021
2021

Founded in 2021, Switch My Loan operates in Fintech industry. Initially focused on providing a marketplace for loan comparison, the company has expanded its offering to streamline the loan-switching p...

Funding stage:

Seed

Last funding:

21/08/2023

Investors

Web traffic:

11.1K

11.1K

Last 30d

Last 30d

Glassdoor Rating:

Switch My Loan: Financial Breakdown

Decoding financial health metrics of Switch My Loan

  • total_revenue_logo
    Total Revenue
    ₹9.6 Cr+
    59%

    Prev. FY

  • total_expenses_logo
    Total Expenses
    ₹14.1 Cr+
    143%

    Prev. FY

  • profit_after_tax_logo
    Profit After Tax
    ₹-4.5 Cr+
    -2453%

    Prev. FY

  • total_assets_logo
    Total Assets
    ₹7.2 Cr+
    82%

    Prev. FY

  • net_profit_margin_logo
    Net Profit Margin
    -0.5%
    -1667%

    Prev. FY

Note: Above mentioned stats are for FY23-24

FAQs on Financials of Switch My Loan

No. In FY24, Switch My Loan reported a net loss of ₹4.5 Cr+, so it was not profitable.

Switch My Loan's revenue grew 59.2% year-on-year, from ₹6.0 Cr+ in FY23 to ₹9.6 Cr+ in FY24.

Switch My Loan's estimated EBITDA for FY24 was ₹-3.6 Cr+, derived from its profit before tax, finance costs, and depreciation & amortisation.

In FY24, Switch My Loan posted revenue of ₹9.6 Cr+ (up 59.2% YoY) and a net loss of ₹4.5 Cr+. Explore the full financials of Switch My Loan here...

Disclaimer

Inc42 Datalabs consolidates intelligence from public records, statutory filings, proprietary research, and vetted third‑party datasets. All information is provided as is—please run your own checks before acting on it. Inc42 Datalabs bears no responsibility for decisions or outcomes based on this data.

Quick Links

  • Data Disclaimer
  • Data Updation Policy
  • Claim/Correct Profile
MY FEEDDISCOVERRESEARCH