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Chingari’s operating scale declines 53% in FY25

EntrackrEntrackr · 9d ago
Chingari’s operating scale declines 53% in FY25
Medial

Chingari’s operating scale declines 53% in FY25 After pivoting to a paid private live streaming model in June 2023 from its short video format, Chingari’s operating revenue fell 53% YoY in FY25, while losses narrowed 62% to Rs 8.8 crore. Chingari saw its business shrink after pivoting to a paid, private live streaming model in June 2023, moving away from its short video-led approach. The platform posted a 53% year-on-year drop in operating revenue in FY25, while losses declined 62% to Rs 8.8 crore. For background, in FY23, Chingari reported Rs 113 crore revenue from operations with a net loss of Rs 42 crore. Chingari’s revenue from operations fell over 52% to Rs 44 crore in FY25 from Rs 92 crore in FY24, according to its consolidated financial statements sourced from Registrar of Companies (RoC). Founded in November 2018, Chingari operated as a TikTok-style short video platform until its pivot in June 2023. Since then, it has repositioned itself as a paid, private live streaming platform. It enables 1-on-1 private calls between creators and users, where users purchase virtual “diamonds” to access these personal interactions. As per the company’s guidelines, the platform prohibits nudity and sexually explicit content. Revenue from domestic users accounted for 28% of the total at Rs 12.2 crore, while the remaining 72% came from export revenue at Rs 31.3 crore, which indicates revenue from foreign users. On the cost side, advertising cum promotional expenses were the largest expense centre for the firm, but they declined 46% to Rs 23.75 crore in FY25 from Rs 43.65 crore in FY24. Employee benefits expenses also fell 58% year-on-year to Rs 13.4 crore. Information technology expenses rose 8.4% to Rs 9 crore in the last fiscal, while other overheads, including rent, legal and professional fees, and travel costs, took total expenditure to Rs 52.4 crore. In line with the decline in operating revenue, overall expenditure fell 55% to Rs 52.4 crore in FY25 from Rs 116.3 crore in FY24, which helped the company narrow its losses to Rs 8.8 crore from Rs 23.3 crore in FY24. On a unit basis, the Bengaluru-based company spent Rs 1.2 to earn a single rupee of operating revenue in FY25. At the end of March 2025, Chingari reported Rs 8 crore in current assets, which includes Rs 2.2 crore in cash and bank balance. According to media reports, during its pivot, Chingari faced allegations that it was building an adult entertainment app through its paid 1-on-1 video call feature, which could involve explicit content. However, the Bengaluru-based company denied these claims.

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Joy E-bike posts flat scale in FY25; profit falls 53%

EntrackrEntrackr · 3m ago
Joy E-bike posts flat scale in FY25; profit falls 53%
Medial

Joy E-bike, the electric two-wheeler brand under Wardwizard Innovations & Mobility, saw a modest revenue decline in the fiscal year ending March 2025. Moreover, profits for the Vadodara-based company fell by 53% in the same period. Joy E-bike’s revenue from operations slipped 5% to Rs 305 crore in FY25 from Rs 321 crore in FY24, as per its financial statements sourced from the Registrar of Companies (RoC). The company generates its revenue primarily from product sales and after-sales/service income. Revenue from product sales declined 21.4% to Rs 204.8 crore in FY25, contributing to 67% of the operating revenue. In contrast, revenue from services surged 66% to Rs 99 crore, strengthening its share to 32.5% of total revenue. On the spending side, the cost of materials was its largest expense head, accounting for 66% of the total expense. To the tune of scale, this cost decreased by 15% to Rs 195 crore in FY25 from Rs 229 crore in FY24. Employee benefit expenses remained stable at Rs 13 crore, while advertising costs jumped 37% to Rs 37 crore. Finance cost, legal charges and other overheads added another Rs 245 crore to the total cost. Overall, Joy E-bike reported a 2.3% reduction in total expense, which dropped to Rs 295 crore in FY25 from Rs 302 crore in the previous year. The decline in scale led its profits to fall by 53% to Rs 6.3 crore in FY25 from Rs 13.4 crore in FY24. Its EBITDA margin stood at 11.89% while its ROCE improved to 26.63% in FY25 from 21.16% in FY24. On a per-unit basis, the firm spent Rs 0.97 to earn a rupee of operating revenue during the year. The company recorded cash and bank balances of Rs 9.5 crore, while current assets expanded significantly to Rs 331 crore from Rs 211 crore. According to Vahan data, the company sold 276 electric two-wheelers in November 2025, an 8% decline from 301 units in October. The gap with market leaders remains significant. TVS Motor, for instance, sold 29,756 EV units in November, underscoring the scale difference Joy E-bike continues to contend with. During the 11 months from January to November, the company sold a total of 4,288 units, highlighting the modest pace of its retail traction in an increasingly competitive EV landscape.

EaseMyTrip revenue declines 15% in Q4 FY25

EntrackrEntrackr · 9m ago
EaseMyTrip revenue declines 15% in Q4 FY25
Medial

EaseMyTrip revenue declines 15% in Q4 FY25 Online travel aggregator (OTA) platform EaseMyTrip saw a slight year-on-year decline in both revenue and profit during the fourth quarter of FY25, indicating stagnant growth during the period. EaseMyTrip’s operating revenue decreased by 15% to Rs 139 crore in Q4 FY25 from Rs 164 crore in Q4 FY24, as per its consolidated financial statements filed with the National Stock Exchange (NSE). For the full fiscal year (FY25), EaseMyTrip’s operating revenue remained stable at Rs 587 crore in FY25 as compared to Rs 590 crore in FY24. Air ticketing contributed 68% to the company’s revenue but declined by 28% to Rs 94 crore in Q4 FY25, down from Rs 132 crore in Q4 FY24. Meanwhile, hotel packages accounted for 16.5% of the total revenue, bringing in Rs 23 crore. To the tune of scale, its total expense increased by 12% to Rs 131 crore in Q4 FY25 from Rs 117 crore in Q4 FY24. Service cost, payment gateway, employee benefit and costs were other major overheads for EaseMyTrip during the last quarter. For the full fiscal year ending March 2025, the total expenses rose to Rs 460 crore. EaseMyTrip booked profit before tax (PBT) of Rs 12 crore in Q4 FY25 as compared to a loss of Rs 17 crore in Q4 FY24. During FY25, the firm’s profit before tax stood at Rs 143 crore in FY25 from Rs 142 crore in FY24. EaseMyTrip closed the last trading session at Rs 11.28, with a 0.71% increase in its share price. The company’s total market capitalization stood at Rs 3,997 crore.

Vyapar posts Rs 63 Cr loss in FY25; cash reserve fades 93%

EntrackrEntrackr · 3m ago
Vyapar posts Rs 63 Cr loss in FY25; cash reserve fades 93%
Medial

Vyapar posts Rs 63 Cr loss in FY25; cash reserve fades 93% Vyapar’s operating revenue rose 53% year-on-year to Rs 69 crore in FY25, up from Rs 45 crore in FY24, according to its consolidated financial statements filed with the Registrar of Companies (RoC). Business accounting software provider Vyapar continued to operate deep in the red in FY25 even as it expanded its year-on-year scale. The Delhi-based company’s losses remained high, though they narrowed, and its cash buffer eroded significantly during the last fiscal year. Founded in 2018, Vyapar helps SMEs keep track of their receivables and payables, inventory management, send customized invoices, payment reminders and transaction messages in multiple languages. Revenue from the sale of its software’s license accounted for 90% of the income while the rest came from provision of its services (subscriptions fee). Employee benefits remained the company’s largest cost component accounting for 72% of the total expense. This expense increased 11% to Rs 102 crore in FY25 from Rs 92 crore in FY24. Other operating overheads such as customer support cost, rent, marketing, etc added the remaining Rs 39 crore to the total income which increased by 11% year-on-year to Rs 141 crore in FY25 from Rs 127.5 crore in FY24. At the bottom line, the company reduced its net loss by 13% to Rs 63 crore, compared to Rs 72.6 crore in FY24. Its ROCE and EBITDA margin stood at -62.61% and -102.9% respectively. On a unit basis, the company spent Rs 2.04 to earn a rupee of operating revenue in FY25. The company’s current assets decreased to Rs 89 crore in FY25 from Rs 141 crore in FY24. Its cash and bank balance was cut by 93% to Rs 6 crore in FY25 from Rs 91 crore in FY24. Vyapar has raised a total of $36 million of funding till date, having Indiamart and WestBridge as its lead investors which owns 25.5% and 16% of the company respectively.

Cashfree posts Rs 640 Cr revenue in FY25, losses rise 14%

EntrackrEntrackr · 5m ago
Cashfree posts Rs 640 Cr revenue in FY25, losses rise 14%
Medial

Fintrackr All Stories Cashfree posts Rs 640 Cr revenue in FY25, losses rise 14% Cashfree struggled with growth in FY25, even after the Reserve Bank of India removed merchant onboarding restrictions for leading companies. State Bank of India-backed Cashfree is no exception, as the firm’s operating scale remained flat in FY25. Cashfree reported an operating revenue of Rs 640 crore in FY25 against Rs 643 crore in FY24, according to the company’s consolidated financial statements filed with the Registrar of Companies (RoC). Founded in 2015 by Akash Sinha and Reeju Datta, Cashfree provides businesses with a fast and easy way to collect payments online, make payouts, improve conversions, and verify identity and detect fraud during KYC and onboarding. The company claims to enable large businesses to process 12,000 transactions per second during peak demand. The revenue breakup for FY25 shows payment gateway commissions accounted for 75% of the operating revenue at Rs 481 crore. Payout commissions added another Rs 55 crore, while commission income from other services contributed the rest Rs 103 crore. With other income of around Rs 1 crore, the Bengaluru-based company posted a total income of Rs 641 crore in the last fiscal year. On the expense side, payment gateway processing cost accounted for 53% of the total expense, decreasing by 2% to Rs 419 crore in FY25 from Rs 427 crore in FY24. The company’s other key expense items include employee benefits, marketing, and technology investments. Its marketing expenses notably surged 150% to Rs 20 crore in FY25. The firm’s employee benefits costs remained flat at Rs 243 crore in FY25 compared to Rs 245 crore in FY24. Depreciation, finance cost and other overheads added another Rs 80 crore to the rising expenses. In the end, Cashfree’s total costs increased 2% to Rs 795 crore from Rs 779 crore last year. Although top-line performance remained stable, the company’s net loss widened 14% to Rs 154 crore from Rs 135 crore in the previous fiscal. Its EBITDA loss increased to Rs 132 crore, pushing the EBITDA margin down to -20.63% from -17.42% the previous year. In the coming year, Cashfree is expected to reduce its marketing expenses to lower losses and strengthen its financial position in FY26. The ban on real money gaming platforms is also expected to affect the business of payments firms including Cashfree significantly in the ongoing fiscal year. Ahead of FY26, Cashfree raised $53 million in a round led by Krafton, marking its first funding in nearly four years. Overall, the company has raised $95 million from investors including Y Combinator, Smilegate Investments, and the State Bank of India.

MathCo profit jumps 4.3X in FY25 on flat revenue

EntrackrEntrackr · 3m ago
MathCo profit jumps 4.3X in FY25 on flat revenue
Medial

MathCo, a data and analytics solutions firm, marginally expanded its scale while delivering a sharp improvement in profitability during the fiscal year ending March 2025. The company’s operating revenue grew marginally by 0.5% to Rs 501.5 crore in FY25 from Rs 499 crore in the previous fiscal, according to its consolidated financial statement sourced from the Registrar of Companies (RoC). MathCo (formerly The Math Company) is an artificial intelligence and machine learning firm which helps organizations transform intelligence, create demonstrated value, and make them self-sufficient in handling such data. Revenue from these services was the sole source of income for the company. Including other income of Rs 21.5 crore, MathCo’s total income rose to Rs 523 crore in FY25 against Rs 517 crore in FY24. Employee benefit expenses remained the company’s largest cost center, forming 84% of total expenses, though it declined 7% to Rs 374 crore in FY25 from Rs 402 crore in FY24. IT expenses were nearly flat at Rs 12 crore, while depreciation rose to Rs 12.5 crore from Rs 8 crore last year. Travelling expenses increased to Rs 12.6 crore, and finance cost expanded to Rs 3 crore during FY25. Overall, total expenses declined 9% to Rs 444 crore in FY25 from Rs 489 crore in FY24. With the help of controlled expenses, MathCo increased its profit by 4.3X to Rs 64 crore in FY25 from Rs 15 crore in FY24. Its ROCE and EBITDA margin improved to 11.71% and 14.36% respectively. On a unit basis, MathCo spent Rs 0.89 to earn a rupee of operating revenue in FY25, compared to Rs 0.98 a year earlier. The company closed the year with cash and bank balances of Rs 53 crore, while its current assets stood at Rs 454.5 crore.

Swiggy posts Rs 4,410 Cr revenue in Q4 FY25, Instamart grows 115%

EntrackrEntrackr · 10m ago
Swiggy posts Rs 4,410 Cr revenue in Q4 FY25, Instamart grows 115%
Medial

Swiggy posts Rs 4,410 Cr revenue in Q4 FY25, Instamart grows 115% Foodtech and quick commerce major Swiggy has managed a 45% year-on-year growth in its operating revenue which spiked to Rs 4,410 crore during Q4 FY25 as compared to Rs 3,045 crore in Q4 FY24. However, the Bengaluru-based company’s losses surged 95% in the same period. Swiggy’s food delivery business continues to be a major contributor, accounting for 37% of the total collection in Q4 FY25. Revenues from this vertical grew 18% to Rs 1,629 crore from Rs 1,375 crore in Q4 FY24. The company’s quick commerce segment also saw remarkable growth, with revenue surging by 115% to Rs 689 crore in Q4 FY25 from Rs 320 crore in Q4 FY24. The segment's gross order value (GOV) growth was driven by an increase in order frequency and the addition of new dark stores. Scootsy Logistics contributed a major 45% of Swiggy’s overall operating collection. Income from this entity increased by 58% YoY to Rs 2,004 crore in Q4 FY25 from Rs 1,265 crore in Q4 FY24. During the last quarter, Swiggy invested Rs 1,000 crore in Scootsy to support expansion and growth. Swiggy’s Dine Out, Genie, Swiggy Mini, and other non-operating income took its total revenue to Rs 4,531 crore in Q4 FY25. For the full fiscal year ending March 2025, Swiggy’s revenue rose 35% to Rs 15,227 crore in FY25 from Rs 11,247 crore in FY24. On the cost side, the procurement of FMCG products for supply chain distribution formed 33% of its overall cost which increased by 52% to Rs 1,854 crore in Q4 FY25. Meanwhile, the delivery charges saw 27% growth to Rs 1,161 crore in Q4 FY25. Swiggy spent Rs 695 crore and Rs 978 crore on employee benefits and advertising, respectively. Overall, Swiggy’s total expenses for the quarter increased 53% to Rs 5,609 crore from Rs 3,668 crore in Q4 FY24. On a fiscal-on-fiscal year basis, its total expenses increased to Rs 18,725 crore in the quarter ending March 2025 from Rs 13,947 crore in FY24. The 53% growth in expenditure led losses to increase by 95% to Rs 1,081 crore in Q4 FY25 from Rs 555 crore in Q4 FY24. On a fiscal-on-fiscal basis, Swiggy’s losses spiked 33% to Rs 3,117 crore in FY25 from Rs 2,350 crore in FY24.

EaseMyTrip posts Rs 150 Cr revenue in Q3 FY25; profit declines

EntrackrEntrackr · 1y ago
EaseMyTrip posts Rs 150 Cr revenue in Q3 FY25; profit declines
Medial

Online travel aggregator (OTA) platform EaseMyTrip announced its financial results on Friday for the third quarter of FY25. The results show a marginal decrease in scale and profit year-on-year. EaseMyTrip’s operating revenue decreased by 6.3% to Rs 150 crore in Q3 FY25 from Rs 160 crore in Q3 FY24, as per its unaudited consolidated financial statements filed with the National Stock Exchange (NSE). Revenue from air ticketing accounted for 65% of the revenue whereas hotel packages formed 22% of the total collection. To the tune of scale, its total expense increased by 2.4% to Rs 107 crore in Q3 FY25 from Rs 105 crore in Q4 FY24. Service cost, payment gateway, employee benefit and costs were other major overheads for EaseMyTrip during the last quarter.

Chaayos crosses Rs 300 Cr revenue in FY25; EBITDA jumps 6.5X

EntrackrEntrackr · 1m ago
Chaayos crosses Rs 300 Cr revenue in FY25; EBITDA jumps 6.5X
Medial

After flat growth in FY24, Chaayos rebounded in FY25, posting 25% revenue growth to cross Rs 300 crore, while cutting losses by 53% and boosting EBITDA 6.5 times. After flat revenue growth in FY24, tea café chain Chaayos staged a strong comeback in the fiscal year ended March 2025 and posted 25% revenue growth to cross the Rs 300 crore mark. During the same period, the company narrowed its losses by 53%, while EBITDA jumped 6.5 times. Chaayos’ revenue from operations grew by 25% to Rs 310.6 crore in FY25 from Rs 248.6 crore in FY24, according to its consolidated financial statement filed on the Registrar of Companies (Roc). Founded in 2012 by Nitin Saluja and Raghav Verma, Chaayos sells a variety of teas and other snacks and beverages with dine-in, takeaways, and online ordering facilities. It has over 200 outlets across Delhi-NCR, Mumbai and Bengaluru. The company is aiming to have 400 outlets by next year. The sale of teas, snacks, and beverages remained the firm’s primary revenue source. Sales of manufactured goods accounted for over 96% of total revenue at Rs 300 crore, while sales of traded goods stood at Rs 9.5 crore. The company generated Rs 19.1 crore from non-operating income, which took its total income to Rs 329.7 crore in the last fiscal year. On the expense front, Chaayos’ largest cost component, the cost of materials, rose 26% year-on-year to Rs 96.32 crore in FY25. Employee benefits expenses declined marginally by 3% to Rs 78.65 crore. Other major costs included depreciation and amortization at Rs 51.8 crore and commissions, which increased 21% to Rs 31.3 crore. Finance cost and expenses were recorded at Rs 29.42 crore and Rs 14.55 crore respectively. Other expenses, including power & fuel, legal & professional, travelling expenses added another Rs 53 crore to total expenses for the firm, which increased 9% to Rs 355 crore in FY25. A 25% increase in revenue from operations, along with tighter cost control across verticals, helped Chaayos cut its losses by 53% to Rs 25.4 crore in FY25. The company also posted a sharp improvement in profitability, with EBITDA rose nearly 6.5X to Rs 37 crore, while ROCE and EBITDA margin improved to -3.72% and 11.85%, respectively. On a unit basis, the company spent Rs 1.14 to earn one rupee of operating revenue in FY25. As of March 2025, the Tiger Global–backed firm reported current assets of Rs 155.7 crore, which included Rs 17 crore in cash and bank balances. Chaayos has raised over $90 million across multiple funding rounds, including its $45 million Series C round in June 2022 led by Alpha Wave, with participation from Elevation Capital, Tiger Global, and Think Investments.

Mamaearth-parent Honasa posts Rs 533 Cr revenue in Q4 FY25; Profit falls 17%

EntrackrEntrackr · 9m ago
Mamaearth-parent Honasa posts Rs 533 Cr revenue in Q4 FY25; Profit falls 17%
Medial

Honasa Consumer Limited, the parent company of Mamaearth, has reported a 13% growth in scale, while its year-on-year (YoY) profits decreased by 17% during the same period. Honasa Consumer Limited, based in Gurugram, announced its financial results for the fourth quarter of the last fiscal year (Q4 FY25). The company reported a 13% growth in scale, while YoY profits decreased by 17%. Mamaearth’s Q4 FY25 revenue from operations increased 13% YoY to Rs 533 crore from Rs 471 crore in Q4 FY24. For the full fiscal year (FY25), operating revenue increased 8% to Rs 2,067 crore from Rs 1,920 crore in FY24. The company also added Rs 20 crore from non-operating activities, tallying its overall revenue to Rs 554 crore for Q4 FY25. For FY25, total income was Rs 2,146 crore. The cost of procurement accounted for 30% of the overall expenditure, increasing 11% YoY to Rs 156 crore in Q4 FY25 from Rs 141 crore in Q4 FY24. Spending on employee benefits, marketing, legal, rent, and other overheads led to a 16% YoY rise in total expenditure to Rs 522 crore in Q4 FY25 from Rs 451 crore in Q4 FY24. Total expenses for FY25 were Rs 2,056 crore. The company reported a profit after tax of Rs 25 crore in Q4 FY25, a 17% decrease from Rs 30 crore in Q4 FY24. Profit for FY25 decreased to Rs 73 crore compared to Rs 110 crore in FY24. Recently, the company elevated Karan Bajwa and Avinash Dhagat to CXO roles, following Anuja Mishra's (CMO) resignation. Mamaearth parent’s shares closed at Rs 275, with a marketing capitalization of Rs 8,944 crore ($1.04 billion).

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