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Fintech startup WeRize reports Rs 236 Cr revenue in FY25; profit doubles

EntrackrEntrackr · 1d ago
Fintech startup WeRize reports Rs 236 Cr revenue in FY25; profit doubles
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Fintech startup WeRize reports Rs 236 Cr revenue in FY25; profit doubles Following a more than two-fold growth in FY24, the British International Investment (BII)-backed fintech platform WeRize sustained strong scale in the fiscal year ended March 2025. At the same time, the net profits for the Bengaluru-based firm doubled. WeRize’s revenue from operations surged 64% to Rs 236 crore in FY25 from Rs 144 crore in FY24, its consolidated financial statements sourced from the Registrar of Companies shows. Founded by Vishal Chopra and Himanshu Gupta, WeRize offers mortgages, unsecured credit, insurance, and savings products to over 300 million individuals across 5,000+ small cities. Its “Social Shopify of Finance” model enables 10,000+ freelancers across 2,500+ cities to distribute financial products within their networks, eliminating the need for a field force or branches. The company provides loans and group insurance via its NBFC arm (Wortgage Finance) and partners such as Vivitri Capital and InCred. Revenue from interest on loans accounted for 46% of the total operating revenue. It earned Rs 109 crore from interest, while the loan processing fee brought Rs 39 crore in FY25. The company also booked Rs 74 crore from the sale of services. The rest of the revenue earned through other operating sources, such as interest on FDs, bad debts recovery. WeRize also made Rs 4 crore from non-operating activities and took its total income to Rs 240 crore in FY25. For the lending startup, employee benefit expenses remained the largest cost component, accounting for 29% of total expenditure and rose 50% to Rs 66 crore in FY25. This was followed by performance payouts to its network of financial consultant freelancers, which grew 93% year-on-year to Rs 54 crore in the last fiscal year. The company’s finance cost also surged 2.5X to Rs 25 crore in the previous fiscal, while legal and professional fees stood at Rs 30 crore. Other overheads, including subscription fees and travel expenses, added Rs 52 crore, which pushed total costs by 61% to Rs 227 crore from Rs 141 crore in FY24. As both expenses and revenue grew at a similar pace, with revenue slightly outpacing, the firm doubled its profit to Rs 10 crore in FY25 from Rs 5 crore in FY24. The company’s ROCE and EBITDA margin improved to 13.08% and 18.64%, respectively. On a unit level, WeRize spent Rs 0.96 to earn a single rupee of operating revenue in FY25. As of March 2025, it had current assets of Rs 267 crore along with cash and bank balance of Rs 87 crore. WeRize has secured around $25.75 million in equity funding from investors such as British International Investment, Sony Japan, 3one4 Capital, and Picus Capital, at a current valuation of $115.5 million.

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CarTrade posts Rs 193 Cr in revenue, profit doubles to Rs 64 Cr

EntrackrEntrackr · 4m ago
CarTrade posts Rs 193 Cr in revenue, profit doubles to Rs 64 Cr
Medial

CarTrade posts Rs 193 Cr in revenue, profit doubles to Rs 64 Cr Automobile classifieds platform CarTrade announced its financial results for the second quarter of FY26, reporting a 25% year-on-year increase in revenue and a two-fold rise in profit compared to Q2 FY25. CarTrade’s revenue from operations grew 25% to Rs 193.41 crore in Q2 FY26 in contrast to Rs 154.2 crore in Q2 FY25. The company also added another 28.73 crore in other income, taking its total income for Q2 FY26 to Rs 222.14 crore. The Mumbai-based company operates across three segments: Consumer, Remarketing, and Classifieds. Revenue from the Consumer segment accounted for 39.4% of total operating income, rising to Rs 76.24 crore in Q2 FY26 from Rs 55.62 crore in Q2 FY25. The Remarketing and Classifieds segments contributed Rs 62.62 crore and Rs 55.5 crore, respectively. On the expense front, employee benefits accounted for 55% of total spending, increasing 11% to Rs 77.5 crore during the period. CarTrade’s total expenses grew modestly by 5% to Rs 142.2 crore in Q2 FY26. A 25% year-on-year rise in operating revenue, coupled with controlled expenses, helped the firm double its profit to Rs 64 crore in Q2 FY26 from Rs 30.7 crore in Q2 FY25. On a half-yearly basis, the company’s revenue rose 24% year-on-year to Rs 366.45 crore, while its profit more than doubled to Rs 111.13 crore. The firm has also appointed Varun Sanghi as its Chief Strategy Officer (CSO) and senior management personnel.

Yatra surpasses Rs 350 Cr revenue in Q2 FY26; profit doubles

EntrackrEntrackr · 4m ago
Yatra surpasses Rs 350 Cr revenue in Q2 FY26; profit doubles
Medial

Yatra surpasses Rs 350 Cr revenue in Q2 FY26; profit doubles Online travel aggregator Yatra reported strong year-on-year growth in both revenue and profit. The Gurugram-based firm nearly doubled its profit in Q2 FY26, with revenue rising by 48% during the same period. Yatra’s revenue from operations increased 48% to Rs 350.8 crore in Q2 FY26 from Rs 236.4 crore in Q2 FY25, according to its consolidated unaudited financials sourced from the National Stock Exchange (NSE). Income from hotels and packages was the company’s largest revenue contributor, followed by air ticketing and other allied services. It also earned Rs 5 crore from non-operating sources, bringing its total income to Rs 356 crore in Q2 FY26, up from Rs 215.4 crore in Q2 FY25. The travel aggregator allocated 66% of its total expenses to service costs, which amounted to Rs 225.14 crore, followed by employee benefits at Rs 41 crore. Additional spending on payment gateway charges, marketing, legal, IT, and other overheads pushed its total expenditure to Rs 339 crore in Q2 FY26. A 48% rise in operating revenue drove the company’s profit up by 95% to Rs 14.27 crore in Q2 FY26, compared to Rs 7.3 crore in Q2 FY25. On a unit level, the firm spent Re 0.97 to earn one rupee of revenue during the quarter. On a half-yearly basis, Yatra’s operating revenue surged 66% year-on-year to Rs 560.6 crore while the firm’s profits nearly tripled to Rs 30.27 crore during the same period. Following its strong financial results, Yatra’s stock surged 15% to close at Rs 167, taking the company’s market capitalization to Rs 2,602.77 crore at the end of today’s trading session.

Honasa posts Rs 602 Cr revenue in Q3 FY26; profit doubles

EntrackrEntrackr · 1m ago
Honasa posts Rs 602 Cr revenue in Q3 FY26; profit doubles
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Honasa Consumer Limited, the parent company of personal care brand MamaEarth, has announced its financial results for the third quarter of the ongoing fiscal year (Q3 FY26) on Thursday. The Gurugram-based company reported a 16.2% year-on-year growth in scale, while its profit after tax (PAT) grew 93% in the same period. Honasa’s revenue from operations increased to Rs 602 crore in Q3 FY26 from Rs 518 crore in Q3 FY25, its financial statements accessed from the National Stock Exchange (NSE) show. For the nine-month period, Honasa’s operating revenue increased 13.2% to Rs 1735 crore from Rs 1533 crore, a year earlier. The Gurugram-based company has not disclosed its revenue breakdown for the last quarter. It also added Rs 21 crore from non-operating activities which tallied its overall revenue to Rs 622 crore in Q3 FY26. For the D2C brand, the cost of procurement of products accounted for 34% of the overall expenditure. This cost increased by 19.6% to Rs 189 crore in Q3 FY26 from Rs 158 crore in Q3 FY25. Meanwhile, employee benefit expenses rose 18% to Rs 71 crore in Q3 FY26 from Rs 60 crore in Q3 FY25. Marketing, legal, rent, and other overheads led the total expenditure increased by 8.5% to Rs 550 crore in Q3 FY26 as compared to Rs 507 crore in Q3 FY25. In the end, the company’s profit after tax nearly doubled to Rs 50 crore in Q3 FY26, from Rs 26 crore in Q3 FY25. On a sequential basis, the company’s profit increased 28% from Rs 39 crore in Q2 FY25. During the period, the company entered the men's grooming market by acquiring a 95% stake in South India-focused Reginald Men (owned by BTM Ventures Pvt Ltd) for Rs 195 crore via a secondary transaction. Honasa’s co-founder and promoter Varun Alagh also increased his equity stake in the company to 32.45% through a Rs 50 Cr block deal during the quarter. At the end of today’s trading session, MamaEarth parent’s shares were trading at Rs 298 with a total market capitalization of Rs 9,725 crore ($1.1 billion).

Progcap nearly doubles revenue to Rs 268 Cr in FY25; nears breakeven

EntrackrEntrackr · 28d ago
Progcap nearly doubles revenue to Rs 268 Cr in FY25; nears breakeven
Medial

Progcap nearly doubles revenue to Rs 268 Cr in FY25; nears breakeven Peak XV and Tiger Global-backed fintech firm Progcap nearly doubled its revenue in the fiscal year ended March 2025. During the same period, the company reduced its losses by 87%. Progcap’s revenue from operations jumped 93% to Rs 268 crore in FY25 from Rs 139 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC). Progcap facilitates debt capital for underserved micro and small businesses. The fintech platform digitizes supply chains and facilitates access to finance for last-mile retailers. Revenue from these services was the sole source of income for the company. Progcap made an additional Rs 10 crore from interest on deposits and gains on current investments, which pushed its total income to Rs 278 crore in FY25 from Rs 159 crore in FY24. On the cost side, employee benefit expenses accounted for 45% of total expenses. This cost remained flat at Rs 126 crore in FY25 as compared to Rs 124 crore in FY24. Finance costs surged over four times to Rs 91 crore in FY25 from Rs 22.5 crore in FY24. Write-offs also rose to Rs 24.5 crore from Rs 15 crore, while legal charges increased to Rs 6.5 crore. Overall, its total expenses grew 37% to Rs 279 crore in FY25 from Rs 203 crore in FY24. With the company’s revenue outpacing expense growth, Progcap managed to cut its losses by 87% to Rs 6 crore in FY25 from Rs 46 crore in FY24. The company posted a positive EBITDA of Rs 75 crore with an EBITDA margin of 27.99%. Its ROCE was 7.40% during the period. On a unit basis, the company spent Rs 1.04 to earn a rupee in FY25, compared to Rs 1.46 in FY24. The Gurugram-based firm reported cash and bank balances of Rs 207 crore at the end of March 2025, while its current assets rose to Rs 1,799 crore. Progcap has raised around $111 million of funding to date, having Tiger Global, Peak XV, Creation Investments and GrowX Ventures as its lead investors. Progcap’s co-founders, Pallavi Shrivastava and Himanshu Chandra, collectively hold a 23.41% stake in the company. Progcap’s competitor, FlexiLoans’ revenue grew 47% to Rs 385 crore in FY25. The company also increased its profit by 33% to Rs 4 crore in FY25 from Rs 3 crore in FY24. For Progcap, the shift from a capital light marketplace model till 2022, when it simply was the go between as large lenders took the risk, and having its own NBFC for lending has been a well-managed transition. While that has scaled up fund requirements and a possible IPO in the pipeline too, the firm has demonstrated a superior ability to deliver to the tier 2, 3 and beyond retailers it claims as stomping grounds. The firm has built some innovative products like credit on tap as it has learnt more about these customers, and that has built a sort of moat for it as well. Certainly a firm to watch as it delivers a possibly profitable FY26 and will certainly be a prime candidate for an IPO in time.

Infibeam posts Rs 1,160 Cr revenue in Q4 FY25; profit rises 20%

EntrackrEntrackr · 9m ago
Infibeam posts Rs 1,160 Cr revenue in Q4 FY25; profit rises 20%
Medial

Infibeam posts Rs 1,160 Cr revenue in Q4 FY25; profit rises 20% Digital payments firm Infibeam has reported a 62% increase in revenue during the fourth quarter of the last fiscal year (Q4 FY25), while its year-on-year profit rose by 20%. Infibeam’s revenue from operations increased to Rs 1,160 crore in Q4 FY25 from Rs 716 crore in Q4 FY24, its consolidated financial statements accessed from the National Stock Exchange (NSE) show. For the full fiscal year (FY25), Infibeam’s operating revenue increased 27% to Rs 3,992 crore in FY25 from Rs 3,150 crore in FY24. Payment business accounted for 95% of its total collection which increased by 64% to Rs 1,098 crore in Q4 FY25. Meanwhile, there was a 35% increase in the e-commerce platform business, which rose to Rs 62 crore. The Ahmedabad-based firm recorded a total revenue of 1,180 crore in Q4 FY25. For the full fiscal year (FY25), its total income stood at Rs 4,066 crore. Infibeam operates a diversified digital platform, with a primary focus on digital payments and e-commerce solutions. On the cost side, the company’s total expenses rose by 66% to Rs 1,104 crore in Q4 FY25. For the digital payment firm, its payment processing was the largest cost center, rising by 68% to Rs 1,025 crore. Employee benefits increased by 30% to Rs 39 crore, while depreciation cost grew 6% to Rs 18 crore. Infibeam Avenues also incurred Rs 22 crore on other undisclosed expenses in the said quarter. For the fiscal year ending March 2025, the firm’s total expenses increased to Rs 3,768 crore. In the end, the company reported profit after tax of Rs 55 crore in Q4 FY25, 20% up from Rs 46 crore in Q4 FY24. On a fiscal year basis, its profit increased to Rs 236 crore in FY25 from Rs 156 crore in FY24. At 15:31 PM today, its market cap stood at Rs 5,579 crore while the firm’s stock was trading at Rs 20.

Delhivery reports Rs 70 Cr profit in Q4 FY25; revenue jumps 6%

EntrackrEntrackr · 10m ago
Delhivery reports Rs 70 Cr profit in Q4 FY25; revenue jumps 6%
Medial

Delhivery reports Rs 70 Cr profit in Q4 FY25; revenue jumps 6% Logistics company Delhivery announced its Q4 FY25 results on Friday, reporting a 6% year-on-year increase in revenue. The Gurugram-based firm also reported a profit of Rs 72 crore during the same period. Delhivery’s revenue from operations grew to Rs 2,191 crore in Q4 FY25, according to its financial statements filed with the National Stock Exchange (NSE). For the full fiscal year (FY25), Delhivery’s operating revenue increased 10% to Rs 8,932 crore in FY25 from Rs 8,141 crore in FY24. Delhivery's primary revenue sources were its logistics services, including warehousing, last-mile logistics, and designing and deploying logistics management systems. The firm also earned Rs 112 crore from non-operating activities, bringing its total revenue to Rs 2,303 crore in Q4 FY25. Meanwhile, for the full fiscal year, total income reached Rs 9,372 crore. For Delhivery, freight handling and servicing costs made up 70% of its total expenditure, rising by 3% to Rs 1,566 crore in Q4 FY25. Employee benefit expenses decreased by 6% to Rs 337 crore. Legal, depreciation, and other overhead costs contributed to a minor decrease in overall expenditure, which reached Rs 2,249 crore during the quarter. For the full financial year ending March 2025, the firm’s total expenses rose to Rs 9,217 crore as against Rs 8,825 crore in FY24. Delhivery's continued growth and controlled expenditure resulted in a profit of Rs 72 crore in Q4 FY25, compared to a loss of Rs 68 crore in Q4 FY24. On a fiscal basis, it turned profitable and reported a net profit of Rs 162 crore in FY25 as compared to a loss of Rs 249 crore in FY24. At the close of today’s trading session, Delhivery’s share price stood at Rs 321 per share, giving the company a market capitalization of Rs 23,957 crore.

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