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

EntrackrEntrackr · 3m 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.

Upstox posts Rs 1,208 Cr income and Rs 215 Cr profit in FY25

EntrackrEntrackr · 8d ago
Upstox posts Rs 1,208 Cr income and Rs 215 Cr profit in FY25
Medial

Upstox posts Rs 1,208 Cr income and Rs 215 Cr profit in FY25 Stockbroking firm Upstox reported flat revenue in the fiscal year ended March 2025, but improved profitability by 21.5% to Rs 215 crore, driven largely by higher non-operating income. Upstox’s revenue from operations remained flat at Rs 945 crore in the fiscal year ended March 2025, compared to Rs 951 crore in FY24, according to its consolidated financial statements sourced from the Registrar of Companies (RoC). Upstox provides retail investors with investment options, including stocks, IPOs, futures & options (F&O), commodities, currencies, fixed deposits, peer-to-peer lending, government bonds, non-convertible debentures (NCDs), gold, and insurance. As of December 2025, Upstox has 2.08 million active clients with a market share of 4.64%. Brokerage income remained the company’s primary revenue stream at Rs 767 crore, which formed over 81% of total income. Depository operations added Rs 65 crore, while the remaining Rs 113 crore came from management services and other operating income. The company also reported Rs 263 crore in non-operating income, for which no detailed breakup was provided. Including this, the company’s total income for FY25 stood at Rs 1,205 crore. On the cost front, advertising and business promotion expenses remained the largest cost head for the stockbroking firm, accounting for over 47% of total expenses at Rs 467 crore. This spend was largely flat compared to Rs 455 crore in FY24. Upstox’s employee benefit expenses rose 11% year-on-year to Rs 211 crore, including Rs 13.6 crore in non-cash ESOP costs, while legal and professional expenses declined 8% to Rs 123 crore. Other overheads, including finance costs, depreciation and amortisation, travel, and miscellaneous expenses, pushed the company’s total expenses to Rs 991 crore in the last fiscal year, which grew 6% from Rs 935 crore in FY24. Overall, while Upstox’s revenue and expenses remained largely flat in FY25, a Rs 103 crore increase in non-operating income helped the company post a 21.5% rise in profit to Rs 215 crore, compared to Rs 177 crore in FY24. The company’s ROCE and EBITDA margin stood at -0.45% and 0.98% respectively in FY25, with a positive EBITDA of Rs 9 crore. As of March 2025, its current assets totaled Rs 4,029 crore, including a healthy cash and bank balance of Rs 2,744 crore. Upstox has raised over $200 million to date and was last valued at $3.5 billion. Data from startup intelligence platform TheKredible shows Tiger Global as the largest external shareholder with a 38.54% stake. Upstox competes with players such as Zerodha, Groww, and Angel One. In FY25, Zerodha reported revenue of Rs 8,847 crore with a profit of Rs 4,237 crore, while Groww posted a 50% year-on-year rise in revenue to Rs 3,902 crore. Angel One reported revenue of Rs 5,238 crore during the year.

SoftBank turns around in FY25: Clocks $7.4 Bn profit, bets big on AI and chips

EntrackrEntrackr · 8m ago
SoftBank turns around in FY25: Clocks $7.4 Bn profit, bets big on AI and chips
Medial

SoftBank Group has posted a net profit of $7.4 billion in FY25, marking a sharp reversal from a loss of $1.4 billion in the previous year. The turnaround follows aggressive bets on artificial intelligence and semiconductor plays. The Japanese conglomerate’s revenue rose 7.2% year-on-year to $45.97 billion, while income before tax jumped to $10.8 billion from just $367.5 million last year. SoftBank attributed the gain to a $23.5 billion investment profit from holdings in Alibaba, T-Mobile, and Deutsche Telekom. Its investment business, led by founder Masayoshi Son, recorded ¥3.41 trillion ($21.7 billion) in gains. This included ¥1.88 trillion ($11.94 billion) from Alibaba and ¥1.35 trillion ($8.58 billion) from T-Mobile. However, these were partially offset by a ¥2.03 trillion derivative loss, largely due to prepaid forward contracts using Alibaba shares. The performance of the Vision Fund segment remained mixed. While Vision Fund 1 clocked a ¥940 billion gain ($5.97 billion), Vision Fund 2 posted a loss of ¥526 billion ($3.34 billion). The group also incurred a ¥491.8 billion ($3.17 billion) charge related to third-party investor interests in the Vision Funds. A large part of Vision Fund 2’s losses came from a drop in the value of companies like Ola and Swiggy, which saw their stock prices and valuations fall. SoftBank said the value of its publicly listed investments under Vision Fund 2 fell by 21.7% in the last quarter. Meanwhile, SoftBank is doubling down its investment in AI infrastructure. It has committed up to $30 billion to OpenAI Global and is acquiring US-based chipmaker Ampere for $6.5 billion. The group also launched the “Stargate” project — a $500 billion initiative to build large-scale AI data centers. Despite the return to profitability, SoftBank flagged macro uncertainties including FX volatility, regulatory risks, and performance variance in its private market bets. The company will propose a year-end dividend of ¥22 ($0.14) per share, taking the full-year payout to ¥44 ($0.28), unchanged from last year.

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