Aeries Technology Inc. Reports 3% Revenue Decline to $70.2 Million, Swings to Net Loss of $21.6 Million for Fiscal Year Ending March 31, 2025

Reuters
07-02
Aeries Technology Inc. Reports 3% Revenue Decline to $70.2 Million, Swings to Net Loss of $21.6 Million for Fiscal Year Ending March 31, 2025

Aeries Technology Inc. has released its annual report for the fiscal year ending March 31, 2025. The company reported a consolidated revenue decrease of $2.3 million, or 3%, to $70.2 million from $72.5 million in the previous year. This decline was primarily attributed to the closure of certain consulting projects and reductions in existing client engagements, which led to a $21.3 million decrease in revenue. However, this was partially offset by a $19.0 million increase from the addition of new clients. The company also reported a net loss of $21.595 million for the year, reversing a net income of $17.256 million recorded in the previous year. The Adjusted EBITDA margin also saw a significant drop to -6.6% from 12.7% in the prior year. Aeries Technology Inc. did not provide specific future guidance in the report.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Aeries Technology Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001829126-25-004837), on July 02, 2025, and is solely responsible for the information contained therein.

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