Ullu Digital reported a 16% decline in FY24 profit after tax to 12.68 crore rupees (around US$1.52 million) from 15.14 crore rupees (around US$1.82 million) in FY23.

This came despite a 7% increase in operational revenue to 99.67 crore rupees (around US$11.95 million).

Total revenue, including 51.51 lakh (around US$62,000) in additional income, exceeded 100 crore rupees (around US$12 million).

The company filed its DRHP in February 2024, aiming to raise 135–150 crore rupees (around US$16–18 million) through an IPO on the BSE SME platform, issuing 62.63 lakh shares.

IPO plans were delayed due to regulatory scrutiny over “obscene and objectionable” content, with investigations by SEBI and other authorities.