Zetwerk nears Rs 16,000 Cr gross revenue in FY26; EBITDA stands at Rs 457 Cr

B2B e-commerce unicorn Zetwerk, which recently filed its UDRHP to raise Rs 2,600 crore through a fresh issue, staged a strong recovery in its operating scale in FY26. After reporting an over 8% decline in gross revenue in FY25, the company’s GMV rebounded more than 40% to nearly Rs 16,000 crore in FY26, supported by strong growth across its core businesses. The company also reported a positive EBITDA of Rs 457 crore during the year. Zetwerk’s gross revenue surged over 40% year-on-year to Rs 15,913 crore in FY26 from Rs 11,332 crore in FY25, according to its consolidated financial statements sourced from its updated draft red herring prospectus (UDRHP). Zetwerk is a B2B manufacturing and construction marketplace that derives revenue primarily from trading manufacturing products, manufacturing services, and construction and project contracts. Revenue from the sale of products, which accounted for 90% of its total income, rose 38% to Rs 14,367 crore in FY26. Income from construction and project contracts jumped 81% year-on-year to Rs 1,403 crore, while revenue from services stood at Rs 138 crore during the period. By industry, Zetwerk operates across energy, electronics, aerospace, precision manufacturing, capital goods and other segments. Energy products accounted for 41% of its total operating income, growing 87% to Rs 6,508 crore in FY26. Precision manufacturing and capital goods contributed Rs 1,397 crore and Rs 1,464 crore, respectively. Its ecosystem business contributed…