India, Aug. 18 -- IPO-bound education-focused SaaS company NoPaperForms, which got SEBI's nod for its IPO in March this year, saw its profit after tax jump 6.3X to Rs.11.9 Cr in the financial year ended March 2026 (FY26) from Rs.1.9 Cr in the previous fiscal year.

Operating revenue rose 25% to Rs.115.7 Cr from Rs.92.3 Cr in FY25. Including other income of Rs.4 Cr, the parent company of Meritto reported a total income of Rs.119.7 Cr during the year.

Meanwhile, its total expenses increased 18% to Rs.111.5 Cr from Rs.94.2 Cr in FY25.

NoPaperForms' bottom line was aided by a net tax credit of Rs.3.7 Cr during the year. The company recognised a deferred tax credit of Rs.5.8 Cr, while incurring Rs.94 Lakh in additional expenses due to the im...