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Flipkart Internet reports Rs 20,493 Cr revenue in FY25; losses down 37%

EntrackrEntrackr · 1m ago
Flipkart Internet reports Rs 20,493 Cr revenue in FY25; losses down 37%
Medial

Flipkart Internet reports Rs 20,493 Cr revenue in FY25; losses down 37% Flipkart Internet, the B2B arm of Walmart-owned Flipkart, reported a 14% year-on-year rise in revenue, crossing the Rs 20,000 crore mark in the fiscal year ending March 2025. The Bengaluru-based firm also reduced its losses by 37%, bringing them below Rs 1,500 crore during the same period. Flipkart Internet’s revenue from operations increased to Rs 20,493 crore in FY25, from Rs 17,907 crore in FY24, as per its consolidated financial statements filed with the Registrar of Companies (RoC). Flipkart’s revenue is driven by marketplace, logistics, and advertising services. Income from marketplace services more than doubled to Rs 7,751 crore in FY25 from Rs 3,734 crore in FY24, contributing 38% to operating revenue. Advertising income surged 27% to Rs 6,317 crore, making up 31% of the topline. However, revenue from logistics services declined by 38% to Rs 4,224 crore, reducing its share to 21%. The firm made an additional Rs 314 crore from non-operating sources, which pushed its total revenue to Rs 20,807 crore in the last fiscal year (FY25). On the cost side, the largest cost head remained logistics service charges, which increased 9% to Rs 7,144 crore, accounting for 32% of total expenses. Employee benefit expenses declined 8% to Rs 4,748 crore, while marketing costs rose sharply by 37% to Rs 4,100 crore, making up 18% of overall costs. Collection charges stood at Rs 2,693 crore (12.1% of expenses) and legal/professional fees at Rs 1,394 crore. Overall, Flipkart Internet’s total expenses grew 8% to Rs 22,311 crore in FY25 from Rs 20,627 crore in FY24. Flipkart Internet managed to cut its losses by 37% to Rs 1,494 crore in FY25, from Rs 2,359 crore in FY24. Its EBITDA losses narrowed to Rs 1,078 crore in FY25 from Rs 1,869 crore in FY24, with the EBITDA margin improving from -10.25% to -5.18%. On a unit level, Flipkart spent Rs 1.09 to earn a rupee in FY25, better than Rs 1.15 in FY24. The company’s current assets stood at Rs 11,952 crore, while cash and bank balances rose to Rs 187 crore.

Tracxn profit drops 36% in Q3 FY25 amid flat revenue

EntrackrEntrackr · 8m ago
Tracxn profit drops 36% in Q3 FY25 amid flat revenue
Medial

Fintrackr Tracxn profit drops 36% in Q3 FY25 amid flat revenue The stagnant revenue and a nearly 10% increase in overall costs caused Tracxn's profits to drop significantly by 36%, falling to Rs 1.41 crore in Q3 FY25 from Rs 2.21 crore in Q3 FY24. Data and research platform Tracxn faced challenges in the last quarter as its revenue remained stagnant, while its profit declined by 36% in the quarter ending December 2024. Tracxn's revenue from operations stayed flat at Rs 21.39 crore in Q3 FY25, compared to Rs 21.14 crore in Q3 FY24, its unaudited financial statements sourced from the National Stock Exchange (NSE) show. Tracxn generated its entire operating revenue from subscription sales, offering access to its data and software. However, the Bengaluru-based firm did not provide a detailed revenue breakdown for the quarter. The company also made Rs 1.5 crore from non-operating sources which took Tracxn’s total revenue to Rs 22.89 crore in the last quarter. Employee benefits remained the largest cost center for Tracxn, accounting for 89% of its total expenditure. These expenses increased by 10% year-on-year, rising to Rs 18.63 crore in Q3 FY25 from Rs 17 crore in Q3 FY24. Overall, Tracxn's total costs grew by approximately 9%, reaching Rs 20.98 crore in Q3 FY25. The stagnant revenue and a nearly 10% increase in overall costs caused Tracxn's profits to drop significantly by 36%, falling to Rs 1.42 crore in Q3 FY25 from Rs 2.22 crore in Q3 FY24. Founded by Abhishek Goyal and Neha Singh, Tracxn specializes in tracking startups and private companies across diverse sectors. Backed by prominent investors like Accel Partners, Peak XV Partners, and Elevation Capital, Tracxn serves subscribers in over 40 countries. As of the last trading session, Tracxn’s share price was Rs 69.5, giving the company a market cap of Rs 737.19 crore (around $85 million).

Virat Kohli-backed WROGN faces another tough year with rising losses

EntrackrEntrackr · 1m ago
Virat Kohli-backed WROGN faces another tough year with rising losses
Medial

Virat Kohli-backed fashion brand WROGN’s parent company has witnessed another challenging year, with revenue declining and losses mounting further. WROGN’s revenue from operations slipped 9% to Rs 223 crore in FY25 from Rs 245 crore in FY24, according to its annual financial statements filed with the Registrar of Companies. For context, the company had already seen a steep 29% revenue drop in FY24. Founded in 2014 by the brother-sister duo Anjana and Vikram Reddy, WROGN operates in the lifestyle and fashion space, dealing in apparel, footwear, and accessories. Sales of these products remain the firm’s primary source of revenue. The company booked Rs 9 crore as other income from interest on deposits and gains on financial assets, taking its total revenue to Rs 232 crore in FY25, down from Rs 266 crore in FY24. For the fashion brand, procurement of materials accounted for 40% of the total expenditure, amounting to Rs 126 crore in FY25. Employee benefit expenses rose to Rs 39 crore, while the company also ramped up spending on advertising and promotions, which surged 63% year-on-year despite the revenue dip. Overall, WROGN’s total expenses swelled to Rs 313 crore during FY25. The increase in employee and marketing spends pushed the company deeper into losses. Net losses rose by 31.6% to Rs 75 crore in FY25, compared to Rs 57 crore in FY24. As of March 2025, the company’s accumulated losses stood at a staggering Rs 709 crore. Key financial ratios also remained under pressure, with ROCE at -70% and EBITDA margin at -27.5% for FY25. In June 2024, WROGN secured Rs 125 crore (about $15 million) from TMRW House of Brands, part of the Aditya Birla Group, and raised another $9 million in October. With this infusion, the company has raised over $90 million since its inception. WROGN’s sluggish performance also comes at a time when newer fashion labels like Snitch, Bewakoof, The Pant Project, and Rare Rabbit are rapidly scaling and eating into market share. Unlike WROGN, which has largely relied on Virat Kohli’s brand pull, these online-first challengers are leveraging faster design cycles, sharper pricing, and aggressive social media playbooks to win over Gen Z and millennial shoppers. The rise of these brands underlines how quickly consumer preferences are shifting in the mass-premium fashion segment, leaving older players struggling to keep pace.

LeadSquared trims losses by 45% in FY25; growth remains modest

EntrackrEntrackr · 14d ago
LeadSquared trims losses by 45% in FY25; growth remains modest
Medial

LeadSquared trims losses by 45% in FY25; growth remains modest LeadSquared reported a significant reduction in losses for the fiscal year ending March 2025. However, the company’s growth remained modest, with a 17% year-on-year increase. LeadSquared, a customer relationship management (CRM) software provider for sales automation and marketing, reported a significant reduction in losses for the fiscal year ending March 2025. However, the company’s growth remained modest, with a 17% year-on-year increase. The company’s revenue from operations rose to Rs 326 crore in FY25 from Rs 279 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC). For context, the Bengaluru-based firm had reported 9% year-on-year growth in revenue during FY24. LeadSquared operates as a software as a Service (SaaS) platform, delivering comprehensive solutions for sales, marketing, and onboarding automation. The company also recorded Rs 40 crore as other income, taking its total income to Rs 366 crore in FY25 from Rs 325 crore in FY24. Employee benefit expenses, which form 61.5% of its total expenditure, fell 8.5% to Rs 280 crore in FY25 from Rs 306 crore in FY24. Data centre costs rose slightly by 6.5% to Rs 82 crore, while advertising and promotional expenses increased 38.5% to Rs 18 crore during the year. Overall, the company managed to reduce its total expenses by 6.4% to Rs 455 crore in FY25 from Rs 486 crore in FY24. With increased scale and cut in expenses, the company reduced its losses by 45% to Rs 89 crore in FY25 from Rs 162 crore in FY24. Its ROCE and EBITDA margin stood at -24.18% and -34.05%, respectively. On a unit level, LeadSquared spent Rs 1.40 to earn a rupee of operating revenue during FY25, compared to Rs 1.74 in FY24. LeadSquared’s cash and bank balances stood at Rs 362 crore in FY25, down from Rs 423 crore a year earlier, while its current assets stood at Rs 565 crore. According to TheKredible, LeadSquared has raised a total of $205 million of funding till date, having WestBridge Capital and Gaja Capital as its lead investors.

Zomato’s parent Eternal revenue grows 64% in Q4 FY25, PAT drops 78%

EntrackrEntrackr · 6m ago
Zomato’s parent Eternal revenue grows 64% in Q4 FY25, PAT drops 78%
Medial

Zomato’s parent Eternal revenue grows 64% in Q4 FY25, PAT drops 78%. Zomato’s revenue from operations grew 64% to Rs 5,833 crore in Q4 FY25 in contrast to Rs 3,562 crore in Q4 FY24, as per the firm’s consolidated financial results sourced from the National Stock Exchange (NSE). Despite strong revenue growth following steady expansion, the Gurugram-based company reported a sharp 78% decline in profit for the quarter ending March 2025. Eternal’s revenue from operations grew 64% to Rs 5,833 crore in Q4 FY25 in contrast to Rs 3,562 crore in Q4 FY24. With this, Eternal’s overall revenue for the fiscal year ending March 2025 jumped 67% to Rs 20,243 crore from Rs 12,114 crore in FY24. Eternal operates several business units, including a food marketplace, Hyperpure, and quick commerce platform BlinkIt. Income from Eternal’s food delivery business contributed 35% of the total revenue in Q4 FY25, growing 18% to Rs 2,054 crore from Rs 1,739 crore in Q4 FY24. Revenue from Hyperpure (B2B supplies) and the quick commerce segment (Blinkit) saw significant growth, rising 93% to Rs 1,840 crore and 122% to Rs 1,709 crore, respectively, during the last quarter of FY25. Earnings from the 'Going-out' segment and other non-operating income brought the Eternal Group’s total revenue to Rs 6,201 crore in Q4 FY25. Delivery and related charges accounted for 25% of Eternal's total expenditure, at Rs 1,552 crore in Q4 FY25. Employee benefit cost rose 89% to Rs 1632 crore, while spending on advertising and marketing increased by 63% to Rs 634 crore in FY24. Overall, the company’s overall expenditure increased by 68% to Rs 6,104 crore in Q4 FY25, up from Rs 3,636 crore in Q3 FY25. An increase in current tax expenses to Rs 74 crore led to a 78% drop in the company’s profit after tax, which fell to Rs 39 crore in Q4 FY25 from Rs 175 crore in Q4 FY24. On a per-unit basis, the Gurugram-based company spent Rs 1.04 to earn every rupee of revenue during the quarter ending March 2025.

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