Ultrahuman Turns Profitable in FY25 with ₹71.5 Cr Net Profit, Smart Ring Sales Drive 5X Revenue Surge
Bengaluru-based wearable tech startup Ultrahuman has achieved a major financial milestone by posting a net profit (PAT) of ₹71.5 crore in the financial year ending March 2025 (FY25), marking a strong turnaround from a loss of ₹37.7 crore in FY24. The company’s journey to profitability was powered by explosive growth in sales of its flagship smart rings, along with favorable tax credits and increased subscription revenues.
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5X Revenue Growth Fuels Turnaround
According to the startup’s filings with the Registrar of Companies (RoC), Ultrahuman’s operating revenue soared nearly fivefold to ₹564.7 crore in FY25, up from ₹104.6 crore in FY24. Including other income worth ₹16.1 crore, the total income for the year reached ₹580.8 crore.
The standout performer in Ultrahuman’s product lineup was its Ring Air smart ring, which brought in ₹516 crore in revenue—a 7X year-on-year (YoY) growth. This indicates a growing global demand for compact, non-invasive health monitoring devices.
In addition to product sales, subscription income grew 8% YoY to ₹28.9 crore, reflecting strong user engagement with Ultrahuman’s health and fitness platform.
Tax Credit Boost
Apart from revenue growth, Ultrahuman’s profitability was significantly supported by a tax credit gain of ₹32.7 crore, which helped enhance its bottom line. These credits likely stem from R&D expenditures or government incentives aimed at promoting domestic innovation in health tech.
Founded by Zomato Alumni, Built on Innovation
Ultrahuman was founded in 2019 by former Zomato executives Mohit Kumar and Vatsal Singhal, with a vision to merge fitness tracking with metabolic health insights. The company initially gained attention for its M1 continuous glucose monitoring (CGM) device, and later expanded into the wearable segment with the Ring Air.
The Ring Air tracks vital health metrics such as heart rate variability (HRV), sleep cycles, recovery, body temperature, and movement, positioning itself as a competitor to global players like Oura and WHOOP.
Global Growth Ahead
Ultrahuman’s recent performance not only marks a major financial comeback but also highlights India’s growing presence in the global wearable tech market. The company’s ability to scale hardware sales while also building a sticky subscription base sets it apart in a space often dominated by Western players.
With profitability now achieved, Ultrahuman is well-positioned to expand globally, enhance its product offerings, and potentially explore IPO or venture capital opportunities in the near future.
Keywords: Ultrahuman FY25 profit, Ultrahuman smart ring revenue, wearable tech India, Ring Air, health tech startup, smart ring sales, subscription fitness revenue, Ultrahuman financials, startup profitability India, Mohit Kumar Vatsal Singhal
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