Kuku Technologies reported a net profit of ₹182.7 crore in FY26, a sharp turnaround from its ₹152.6 crore loss the previous year. This profit comes as SEBI just greenlit its public listing, giving the audio content platform a much-needed pre-IPO boost. The market will now scrutinize if this profitability is sustainable or merely a pre-listing cleanup.
How We Got Here
Kuku filed its confidential DRHP with SEBI in June, following a trend of content platforms seeking public capital. SEBI approved the proposed listing in September, setting the stage for an IPO rumored to value the company at ₹15,000 Cr.
The Numbers
- Operating revenue jumped over sixfold to ₹1,484.2 Cr in FY26 from ₹241.6 Cr in FY25.
- Subscriptions generated ₹1,475.4 Cr, accounting for over 99% of Kuku's operating revenue.
- EBITDA turned profitable at ₹82.9 Cr in FY26, reversing an EBITDA loss of ₹159.8 Cr in FY25.
- India contributed ₹1,463.6 Cr, or 99%, of operating revenue, with international markets adding ₹20.5 Cr.
- The reported net profit of ₹182.7 Cr includes a significant ₹98.2 Cr deferred tax credit; actual profit before this stood at ₹88.6 Cr.
What Happens Next
🇮🇳 Why This Matters for India
For content creators in Mumbai and Hyderabad, Kuku's IPO success validates the monetization potential of regional audio and micro-drama content beyond YouTube or Instagram.
The Take
Kuku's headline profit is impressive, but the ₹98.2 Cr deferred tax credit inflates the numbers significantly. Investors looking beyond the surface will note that core operating profit remains much thinner; this feels like strategic timing before a public offering.
Source:
Inc42 ↗