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Coding Ninjas posts Rs 67 Cr revenue in FY25; losses fall 41%

EntrackrEntrackr · 3m ago
Coding Ninjas posts Rs 67 Cr revenue in FY25; losses fall 41%
Medial

Coding Ninjas posts Rs 67 Cr revenue in FY25; losses fall 41% After posting flat revenue growth during FY24, Info Edge-backed edtech platform Coding Ninjas demonstrated 26.4% year-on-year growth in its operating revenue in the last fiscal year. Significantly, the Gurugram-based company managed to cut its losses by 41% in FY25. Coding Ninjas’ revenue from operations grew to Rs 67 crore in FY25 from Rs 53 crore in FY24, the company’s annual filing sourced from the Registrar of Companies (RoC) shows. Founded in 2016 by Ankush Singla, Kannu Mittal, and Dhawal Parate, Coding Ninjas provides online educational and coaching services to engineering students, including training in programming languages such as C++, Java, and Python, as well as other skills such as machine learning, web development, and data science. Income from online coaching services was the sole source of revenue for Coding Ninjas in the last fiscal year. According to its financial statements, the company expanded its course portfolio during the year through collaborations with premier institutions and universities. On the cost side, the company managed to cut expenses by 9% in the said period. Its employee benefits decreased by 18.5% to Rs 44 crore, while promotion expenses stood steady at Rs 28 crore. With 26% year-on-year revenue growth, the firm’s losses reduced by 41.2% to Rs 30 crore in FY25 from Rs 51 crore in FY24. However, its accumulated losses over its lifetime reached Rs 151.5 crore in FY25. According to Entrackr’s analysis of its annual report, the firm had total current assets of only Rs 17 crore, including cash and bank balances of Rs 7.5 crore. Importantly, its total current liabilities exceeded its current assets by Rs 24.7 crore, which could be a cause for concern. As per the startup data intelligence platform TheKredible, Info Edge is the only external investor in the company and has poured in around Rs 178 crore (about $22 million) across three funding rounds. In October 2022, Info Edge increased its stake from 26% to 51% in Coding Ninjas with an investment of Rs 135.4 crore ($17 million). Coding Ninjas competes with platforms like Scaler, Masai School, and Newton School, along with Coding Blocks, GUVI, Udemy, and Coursera. These rivals offer courses for beginners, job-ready bootcamps, and advanced programs.

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Coding Ninjas’ revenue remains flat in FY24; expenses cross Rs 100 Cr

EntrackrEntrackr · 1y ago
Coding Ninjas’ revenue remains flat in FY24; expenses cross Rs 100 Cr
Medial

Info Edge-controlled Coding Ninjas experienced over two-fold revenue growth in FY23, but the company’s scale remained flat in FY24, with revenue increasing by only 3.4%. Simultaneously, Coding Ninjas struggled to control its losses, which spiked by 22% in FY24, highlighting challenges in managing operational efficiency. Coding Ninjas’ revenue rose to Rs 53.3 crore during FY24 in comparison to Rs 51.6 Crore in FY23, according to its financial statements with the Registrar of Companies. The company has restated the comparative amounts for the previous year, to correct material prior period errors in the previous year’s audited financial statements. Coding Ninjas offers computer language courses focused on application and software design. The platform provides coding courses in Java, Python, and C++, which are designed to help students excel in competitive programming, interview preparation, and data science. According to the filings, Coding Ninjas generates its revenue through three primary streams. The first is fees from students and professionals for its online coaching services. The second comes from B2B customers, including universities and corporate clients, who also pay for these services. The third is the commission earned on the Cost to Company (CTC) for students and professionals who are successfully placed through its programs. The company also generated Rs 4.91 crore via interest and gains on financial assets (non-operating revenue) during the year, bringing the overall revenue to Rs 58.22 crore in FY24. Employee benefit expenses were the largest contributor to Coding Ninjas’ total expenses, increasing by 6.64% to Rs 53.61 crore in FY24, up from Rs 50.27 crore in FY23. Advertising and promotional expenses accounted for 24.4% of the total costs but saw a 15.5% decrease to Rs 26.69 crore in FY24. In contrast, legal and professional charges surged by 200% to Rs 10 crore. Other key cost drivers, including information technology, rent, and finance expenses, also contributed to the company’s overall expenses, which spiked by 12.23% to Rs 109.2 crore. Visit TheKredible for more information. Due to flat revenue growth and rising expenses, Coding Ninjas recorded a loss of Rs 52.63 crore in FY24, marking a 21.9% increase from FY23. The company’s return on capital employed (ROCE) and EBITDA margin stood at -337.3% and -72.45%, respectively. On a unit level, Coding Ninjas spent Rs 2.05 to earn a rupee of operating income in FY24, highlighting challenges in operational efficiency and profitability. FY23-FY24 FY23 FY24 EBITDA Margin -72.05% -72.45% Expense/₹ of Op Revenue ₹2.12 ₹2.05 ROCE -73.09% -337.30% As per TheKredible, Info Edge is the only external investor in the company and has poured in around Rs 178 crore or $22 million across three funding rounds. In October 2022, Info Edge increased its stakes from 26% to 51% in Coding Ninjas with an investment of Rs 135.4 crore or $17 million. In the coding vertical, it competes with WhiteHat Jr, Toppr, Vedantu, Cuemath, Camp K12, and Uable.

Ampere posts Rs 659 Cr revenue in FY25; cuts losses by 65%

EntrackrEntrackr · 4d ago
Ampere posts Rs 659 Cr revenue in FY25; cuts losses by 65%
Medial

Ampere posts Rs 659 Cr revenue in FY25; cuts losses by 65% Ampere Vehicles has shown signs of recovery as the company posted single-digit revenue growth in FY25, after the company had seen its revenue fall sharply by 46% in FY24. The company also managed to curb its losses in the same period. Ampere’s operating revenue grew 8% to Rs 659 crore in FY25 from Rs 612 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC). Ampere, a brand under Greaves Electric Mobility, focuses on manufacturing electric scooters and three-wheeled vehicles. Sale of these products was the sole source of revenue for the company. Including other income of Rs 16 crore, Ampere’s total income rose to Rs 675 crore in FY25, compared to Rs 641 crore a year earlier. On the spending side, the cost of material accounted for 64% of the total expense. This cost rose 12% to Rs 589 crore in FY25 from Rs 527 crore in FY24. Employee benefit expenses declined 22% to Rs 79 crore, while advertising and promotional spends jumped 30% to Rs 43 crore during the year. Depreciation expenses climbed 41% to Rs 45 crore in FY25 from Rs 32 crore in FY24. Other overheads, including warranty claims, finance costs, and miscellaneous expenses, added another Rs 205 crore in FY25. Overall, total expenses increased 7% to Rs 918 crore in FY25 from Rs 857 crore in FY24. Ampere managed to cut its losses by 65% to Rs 240 crore in FY25 from Rs 691.5 crore in FY24. Its ROCE and EBITDA margin improved to -85.27% and -30.50%, respectively. On a unit basis, Ampere spent Rs 1.39 to earn every rupee of operating revenue during the year, marginally better than Rs 1.40 in FY24. As of March 2025, the company reported cash and bank balances of Rs 25 crore, while its current assets stood at Rs 263 crore. In terms of E2W sales for December, Greaves Electric Mobility retained its sixth position and sold 4,335 units with a market share of 4.66%. In comparison, the segment’s leader TVS sold 24,317 units with a market share of 26.14%. In December 2024, Ampere’s parent Greaves Electric filed its draft red herring prospectus (DRHP) with the Security Exchange Board of India (SEBI) for an initial public offering (IPO) to raise funds through a fresh issue of equity shares aggregating up to Rs 1,000 crore (approximately $119 million) and an offer for sale (OFS) of up to 18.94 crore equity shares. The firm also received a final nod from SEBI for the proposed IPO.

Blackbuck posts Rs 41 Cr PBT in Q4 FY25, revenue grows 31%

EntrackrEntrackr · 7m ago
Blackbuck posts Rs 41 Cr PBT in Q4 FY25, revenue grows 31%
Medial

Blackbuck posts Rs 41 Cr PBT in Q4 FY25, revenue grows 31% Blackbuck's revenue from operations grew to Rs 122 crore in Q4 FY25 from Rs 93 crore in Q4 FY24, its financial statements sourced from the National Stock Exchange show. Online trucking platform Blackbuck has released its quarterly report for the financial year ending March 2025. The Bengaluru-based company reported a 31% year-on-year growth in scale in Q4 FY25 and turned profitable, posting a profit before tax (PBT) of Rs 41 crore in the quarter. For the full fiscal year (FY25), Blackbuck’s operating revenue increased 44% to Rs 427 crore in FY25 from Rs 297 crore in FY24. Revenue from its truck operator services was the primary source of revenue, accounting for 98% of total operating revenue. The company also made Rs 15 crore from interest income which took its overall revenue to Rs 137 crore in Q4 FY25, compared to Rs 99 crore in Q4 FY24. For the full fiscal year, the firm’s total revenue stood at Rs 462 crore in FY25. Looking at the expenses, the employee benefit cost accounted for 35% of the overall expenditure which fell 74% year-on-year to Rs 33 crore in Q4 FY25 from Rs 128 crore in Q4 FY24. Depreciation and other operating expenses were key overheads that drove total expenditure to Rs 95 crore in Q4 FY25, compared to Rs 187 crore in the same quarter last year. For the fiscal year ending March 2025, the firm’s total expenses fell to Rs 371 crore as compared to Rs 483 crore in FY24. Blackbuck booked profit before tax of Rs 41 crore in Q4 FY25, as compared to a loss of Rs 87 crore in Q4 FY24. Meanwhile, for the full fiscal year ended March 2025, the company remained at a loss of Rs 283 crore (before tax), 69% more than Rs 167 crore in FY24. Blackbuck debuted on the stock exchange at Rs 208.90 and is now trading at Rs 459 on May 27, bringing its total market capitalization to Rs 8,180 crore.

Smytten cuts losses by 41% in FY25; revenue slips to Rs 111 Cr

EntrackrEntrackr · 4m ago
Smytten cuts losses by 41% in FY25; revenue slips to Rs 111 Cr
Medial

Smytten cuts losses by 41% in FY25; revenue slips to Rs 111 Cr Smytten, a product discovery and trial platform, improved its expense discipline and significantly narrowed losses, but the revenue decline highlights its continuing struggle to achieve sustainable growth in FY25. The company’s revenue from operations declined 10.5% to Rs 111 crore in FY25 from Rs 124 crore in FY24, according to its provisional financial statement sourced from the Registrar of Companies (RoC). Smytten derives its income largely from product trials and allied services for D2C and FMCG brands. The firm also generates ancillary revenues through brand promotions and partnerships. The company did not provide a revenue breakup in its provisional financial statements. On the expense front, the cost of materials, the firm’s largest expense, declined 17% to Rs 58 crore in FY25 from Rs 70 crore in FY24. Employee benefit expenses fell 9% to Rs 20 crore, while details of other overheads, including marketing, tech, and operational costs, were not disclosed. Overall, the company managed to reduce its total expenses by 21% to Rs 131 crore in FY25 from Rs 165 crore in FY24. The sharper control on expenses helped Smytten cut its losses by 41% to Rs 23.5 crore, as compared to Rs 40 crore in FY24. Its ROCE and EBITDA margin stood at -76.92% and -16.92%, respectively. On a per-unit basis, the firm spent Rs 1.18 to earn a rupee of revenue in the last fiscal year. As of March 2025, the Bengaluru-based company reported current assets worth Rs 67 crore, including Rs 20 crore in cash and bank balances. According to TheKredible, Smytten has raised a total of $22 million of funding till date, having Roots Ventures and Fireside Ventures as its lead investors. The company’s co-founders Siddhartha Nangia and Swagata Sarangi together own 39.32% of the company.

Ixigo posts Rs 242 Cr revenue Q3 FY25; PBT jumps 54%

EntrackrEntrackr · 11m ago
Ixigo posts Rs 242 Cr revenue Q3 FY25; PBT jumps 54%
Medial

Ixigo released its financial results for the third quarter of the ongoing fiscal year (Q3 FY25) on Tuesday. The company reported a 41% growth in scale, while its year-on-year (YoY) profits declined by 49.3%. Ixigo’s revenue from operations surged 41.5% to Rs 242 crore in Q3 FY25 in contrast to Rs 171 crore in Q3 FY24, as per the firm’s consolidated financial results sourced from the National Stock Exchange. The company generated the majority (49.6%) of its operating revenue from train ticketing which increased to Rs 120 crore in Q3 FY25 from Rs 95 crore in Q3 FY24. Flight and bus booking services contributed 28% and 21.4% respectively. Besides operating revenue, the firm also earned Rs 5.2 crore via interest and gains from financial assets during the quarter, taking its total topline to Rs 247 crore in Q3 FY25. Ixigo’s gross transaction value (GTV) increased 48% year-on-year to Rs 4,036 crore during the third quarter of the ongoing fiscal year. Employee benefits expenses rose by 17% YoY to Rs 41 crore. Overall, the company's total costs grew 42.7% to Rs 224 crore in Q3 FY25 compared to Rs 157 crore in Q3 FY24. Ixigo's net profits dropped by 49.3% to Rs 15.5 crore in Q3 FY25 from Rs 30.6 crore in Q3 FY24, attributed to a deferred tax income of Rs 16.7 crore booked in Q3 FY24. On a PBT basis, profits showed a significant QoQ increase of 54% to Rs 21.4 crore in Q3 FY25 from Rs 13.9 crore in Q3 FY24. Ixigo is currently trading at Rs 127.7 with a total market capitalization of Rs 4,886 crore or $581 million.

OneCard posts Rs 1,878 Cr revenue in FY25, cuts losses by 26%

EntrackrEntrackr · 15d ago
OneCard posts Rs 1,878 Cr revenue in FY25, cuts losses by 26%
Medial

OneCard posts Rs 1,878 Cr revenue in FY25, cuts losses by 26% Mobile-first credit card startup OneCard continued to scale and moved close to the Rs 2,000 crore mark, with total revenue crossing Rs 1,900 crore in the fiscal year ended March 31, 2025. The company also reduced its losses during the year. OneCard’s operating revenue increased by 32% to Rs 1,878 crore in FY25 from Rs 1,425.5 crore in FY24, according to its financial statement sourced from the Registrar of Companies (RoC). Founded in 2019, OneCard (FPL Technologies) provides co-branded credit cards, largely aimed at first-time users, through partnerships with IDFC First Bank, Federal Bank and SBM Bank. It also runs OneScore, an app for credit score tracking and credit management. Revenue from these services was the sole source of income for the company. Despite strong growth, OneCard continued to post losses, although cash burn eased. The company reported a loss of Rs 297.5 crore in FY25, down 26% from Rs 401 crore in FY24. On the cost side, OneCard’s total expenses grew 18% to Rs 2,206 crore in FY25 from Rs 1,866 crore in FY24. However, the company failed to disclose the majority of its expense breakdown, with 73% of its total expenditure being reported under miscellaneous expenses. Advertising and promotional spends saw a notable decline of nearly 40% to Rs 294 crore in FY25 from Rs 488 crore in FY24. Employee benefit expenses increased 26% to Rs 181.5 crore, while IT expenses rose 14% to Rs 67 crore. Finance costs almost doubled to Rs 18 crore during the year. With the company’s revenue outgrowing its expenses, OneCard’s loss decreased 26% to Rs 297.5 crore in FY25 from Rs 401 crore in FY24. Its ROCE and EBITDA margin stood at -41.03% and -15.71% respectively. On a unit basis, OneCard spent Rs 1.17 to earn Re 1 of operating revenue during FY25, better than Rs 1.31 in FY24. The company held cash and bank balances worth Rs 321 crore at the end of FY25 compared to Rs 447.5 crore a year earlier. Its current assets stood at Rs 907 crore in the same period. According to TheKredible, OneCard has raised over $270 million to date. The company is in the process of raising Rs 40 crore (approximately $4.5 million) in debt funding from existing investor Alteria Capital. Recently, OneCard came under the Reserve Bank of India’s (RBI) scrutiny, with the regulator reportedly asking its partner banks to halt the issuance of co-branded credit cards. The RBI is said to be seeking greater clarity on how data is shared between OneCard and its banking partners.

Sid’s Farm posts Rs 168 Cr revenue in FY25; losses surge 2.6x

EntrackrEntrackr · 7d ago
Sid’s Farm posts Rs 168 Cr revenue in FY25; losses surge 2.6x
Medial

Sid’s Farm, a Hyderabad-based dairy brand, recorded a decent growth in revenue in the fiscal year ending March 2025. However, rising costs pushed the company deeper into losses. Sid’s Farm’s operating revenue increased by 38% to Rs 168 crore in FY25 from Rs 122 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC). Founded in 2016, Sid’s Farm is a mass premium Hyderabad-based dairy brand. The startup controls the entire value chain of milk and milk products by sourcing directly from farmers. Including other income of Rs 2 crore, the company’s total income stood at Rs 170 crore in FY25. The surge in topline was accompanied by a faster rise in expenses. Sid’s Farm’s total expenses jumped 47% to Rs 196 crore in FY25 from Rs 133.5 crore in the previous fiscal year. Cost of material consumed remained the largest expense, accounting for over 64% of the overall costs. This expense rose 41% to Rs 126 crore in FY25. Employee benefit expenses increased by 47% to Rs 25 crore. Costs nearly doubled to Rs 7 crore in FY25 from Rs 3.6 crore in FY24. Distribution and transportation expenses grew to Rs 8 crore and Rs 5 crore, respectively. Other expenses added another Rs 25 crore during the year. The sharp increase in costs led Sid’s Farm’s losses to increase by 2.6x to Rs 27 crore in FY25 from Rs 10.5 crore in FY24. Its ROCE and EBITDA margin stood at -45.24% and -14.58% respectively. On a unit basis, Sid’s Farm spent Rs 1.17 to earn a rupee of operating revenue during the fiscal year, compared to Rs 1.09 in FY24. As of March 2025, the company’s cash and bank balances stood at Rs 1 crore, while current assets rose to Rs 45 crore in FY25. Sid’s Farms has raised approximately $12.2 million of funding to date, including the $10 million round co-led by Omnivore and Narotam Sekhsaria Family Office.

Delhivery posts Rs 2,294 Cr revenue in Q1 FY26; net profit jumps 67% YoY

EntrackrEntrackr · 5m ago
Delhivery posts Rs 2,294 Cr revenue in Q1 FY26; net profit jumps 67% YoY
Medial

url: https://entrackr.com/fintrackr/delhivery-posts-rs-2294-cr-revenue-in-q1-fy26-net-profit-jumps-67-yoy-9615373. Content: Logistics company Delhivery announced its Q1 FY26 results, posting a 5.6% year-on-year increase in revenue. The firm reported a profit of Rs 91 crore for the quarter. Delhivery's revenue from operations rose to Rs 2,294 crore, with primary income coming from logistics services. Total revenue, including non-operating activities, reached Rs 2,423.8 crore. Freight handling and servicing costs were Rs 1,566 crore, while employee benefit expenses rose to Rs 352.65 crore. Overall expenditure increased to Rs 2,326.6 crore. Delhivery's profit surged 67% compared to the same quarter of FY25. The company's share price stood at Rs 429.05, with a market capitalization of Rs 32,032.5 crore ($3.76 billion).

Bluestone controls losses by 41% in Q1 FY26; revenue nears Rs 500 Cr

EntrackrEntrackr · 4m ago
Bluestone controls losses by 41% in Q1 FY26; revenue nears Rs 500 Cr
Medial

Fintrackr Bluestone controls losses by 41% in Q1 FY26; revenue nears Rs 500 Cr Bluestone, recently listed on stock exchange, announced its financial results for the first quarter of the ongoing fiscal year (Q1 FY26) on Thursday. The firm’s revenue grew by 42% over the period, while its losses reduced by 41%. On a quarter-on-quarter basis, Bluestone’s operating revenue remained flat Rs 493 crore in Q1 FY26 from Rs 461 crore in Q4 FY25. The company's sole revenue stream was the sale of diamond, gold, platinum, gemstone, and pearl jewelry; however, the firm did not provide a detailed revenue breakdown for the quarter. The company made Rs 12 crore from non-operating sources which took Bluestone’s total revenue to Rs 505 crore in the first quarter. On the expense front, the cost of material remained the largest cost center for Bluestone, accounting for 54% of its total expenditure. This expense increased by 37% year-on-year, rising to Rs 290 crore in Q1 FY26 from Rs 211 crore in Q1 FY25. Employee benefit rose 50% to Rs 63 crore in Q1 FY26. Overall, Bluestone's total costs grew by approximately 29%, reaching Rs 538 crore in Q1 FY26. With the help of revenue outpacing expense growth, the company managed to cut its losses by 41% to Rs 35 crore in Q1 FY26 from Rs 59 crore in Q1 FY25. However, the company reported a positive EBITDA of Rs 67 crore in the same period. Bluestone launched its initial public offering (IPO) in August 2025, with a price band set between Rs 492 and Rs 517 per share. The stock made its market debut on 19 August 2025 at Rs 510, reflecting a slight 1.3% discount from its issue price of Rs 517 and raised Rs 1,500 crore overall, which included Rs 693 crore garnered from anchor investors earlier that month. At the end of today’s trading session, Bluestone’s share traded at Rs 564, with a 1.4% increase in its share price. The company’s total market capitalization stood at Rs 8,534 crore (approx $1 billion).

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