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Fibe crosses Rs 1,200 Cr revenue in FY25; profit spikes 13%

EntrackrEntrackr · 22d ago
Fibe crosses Rs 1,200 Cr revenue in FY25; profit spikes 13%
Medial

Fibe crosses Rs 1,200 Cr revenue in FY25; profit spikes 13% In the fiscal year ending March 2025, the consumer lending firm Fibe reported nearly 50% growth in operating revenue to over Rs 1,200 crore, while profit also rose in double digits. Fibe, formerly EarlySalary, recently raised $35 million in a Series F round led by the International Finance Corporation. The impact of this funding will likely reflect in FY26. In the fiscal year ending March 2025, the consumer lending firm reported nearly 50% growth in operating revenue to over Rs 1,200 crore, while profit also rose in double digits. Fibe’s revenue from operations grew 49% year-on-year to Rs 1,228 crore in FY25 from Rs 824 crore in FY24, according to its consolidated financial statements filed with the Registrar of Companies (RoC). Co-founded in 2015 by Akshay Mehrotra and Ashish Goyal, Fibe provides personal loans, long-term loans, loans against mutual funds, and fixed deposits across healthcare, education, and solar rooftop installations. It claims to have facilitated more than 9 million loans, with total disbursements exceeding Rs 40,000 crore through over 8,500 lenders. Interest on loans was the largest revenue contributor for Fibe, with over 80% share of its total operating revenue. This income rose 46% in FY25 and crossed the Rs 1,000 crore mark. The company also earned servicing fee income for managing loan collections and administration on behalf of lending partners. It has partnered with several banks and NBFCs, including Northern Arc Capital, InCred Finance, Tata Capital, and many others. Income from guarantee premium, i.e., fees earned for providing default protection to lending partners, also stood at Rs 104 crore for Fibe and grew 83% year-on-year. The remaining revenue came from marketing income, commission income, and other operating sources. Fibe also earned around Rs 41 crore from non-operating sources such as interest income and gains on the sale of current investments, and this took its total income to Rs 1,269 crore in the last fiscal year. For the consumer lending company, finance cost formed the largest cost centre, with over 62% share of the total expenditure, and stood at Rs 691 crore in FY25 for Fibe. This cost rose 85% year-on-year from Rs 373 crore in FY24. Notably, it included Rs 257 crore towards loan write-offs and Rs 207 crore as loss on guarantees invoked. Advertising and promotional expenses, another major cost centre for Fibe, stood at Rs 128 crore in FY25. Employee benefit expenses, which accounted for under 10% of the total cost, rose 34% to Rs 111 crore, including Rs 9.2 crore of ESOP expenses. Commission paid to selling agents, legal & professional, travelling and other miscellaneous overheads took the overall expenses for the firm to Rs 1,112 crore in FY25 from Rs 706 crore in FY24. Higher non-operating income, which rose from Rs 18 crore to Rs 41 crore, helped the Pune-based firm post a 13% increase in profit to Rs 114 crore. Fibe spent Rs 0.91 to earn one rupee of operating revenue on a unit basis. As of March 2025, it had total current assets of Rs 3,135 crore, which includes cash and bank balance of Rs 259 crore. Fibe has raised over $265 million to date, including a $90 million Series E round led by TR Capital, Trifecta Capital, and Amara Partners. In August last year, Fibe also raised Rs 250 crore in debt for its lending arm, EarlySalary, from a group of investors including AK Capital Finance.

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Fractal crosses Rs 2,700 Cr revenue in FY25, regains profitability

EntrackrEntrackr · 6m ago
Fractal crosses Rs 2,700 Cr revenue in FY25, regains profitability
Medial

Fractal crosses Rs 2,700 Cr revenue in FY25, regains profitability Fractal, a data analytics and AI solutions company, has filed its draft red herring prospectus (DRHP) with SEBI to raise up to Rs 4,900 crore through a mix of fresh issue and offer for sale (OFS). Its financial statement shows the company regaining profitability with revenue growth of 26% in the fiscal year ending March 31, 2025. Fractal’s revenue from operations grew 26% to Rs 2,765 crore in FY25 from Rs 2,196 crore in FY24, as per its consolidated financial statements sourced from the draft red herring prospectus (DRHP). The company derives nearly all of its revenue from analytical services, which contributed Rs 2,701 crore in FY25, up 24% from the previous year. Subscription income surged 167% to Rs 64 crore, pushing overall top-line growth. Fractal’s revenue base continues to be dominated by the US market, which contributed Rs 1,802 crore in FY25, up 33% from Rs 1,358 crore in FY24, and accounted for 65% of total operating revenue. Revenue from Europe grew 12.56% to Rs 484 crore, making up 17.5% of the total. India contributed Rs 232 crore, a 22% increase from the previous year, representing 8% of revenue. The revenue from the rest of the world rose 13% to Rs 247 crore. Fractal’s customer relationships remained a key driver of growth. Its Net Revenue Retention in the Fractal.ai segment stood at 121.3% in FY25, up from 110.2% in FY24, reflecting strong client retention and expansion through upsells and cross-sells. The firm has served its top 10 clients by revenue in the Fractal.ai segment who contributed 54% to segment revenue in FY25 for an average of more than eight years. On the expense front, employee benefit costs remained the largest outgo at Rs 2,005 crore, accounting for 78% of the total, and grew 15% over FY24. Depreciation expense increased by 23% to Rs 102 crore, while outsourced manpower costs decreased by 3.33% to Rs 58 crore. Marketing expenses dropped by 31.58% to Rs 13 crore. Legal and professional fees climbed 13% to Rs 52 crore. Overall, Fractal’s total expenses rose 14.4% to Rs 2,575 crore in FY25, slower than the pace of revenue growth. As a result, the company swung to profitability, posting Rs 221 crore in net profit, in contrast to a loss of Rs 55 crore in FY24. On a per-unit basis, the company spent Rs 0.93 to earn a rupee in FY25. Its ROCE and EBITDA margin stood at 12.97% and 14.13% respectively. The analytics company had current assets worth Rs 1,625 crore, including Rs 288 crore in cash and bank balances in FY25. As per the DRHP, TPG Fett is the largest external stakeholder with 25.67% followed by Apax Partners-owned Quinag Bidco, which commands 18.78% in the company. GLM Family Trust, which owns 15.7% of the cap table.

Shadowfax revenue grows 65% to Rs 1,159 Cr in Q3 FY6; profit spikes 5X

EntrackrEntrackr · 27d ago
Shadowfax revenue grows 65% to Rs 1,159 Cr in Q3 FY6; profit spikes 5X
Medial

Shadowfax Technologies has announced its financial results for Q3 FY26 after debuting on Indian stock exchanges last quarter. The firm’s revenue increased by 65% during the third quarter, while its profit stood at Rs 35 crore. The company’s revenue from operations increased to Rs 1,159 crore in Q3 FY26 from Rs 701 crore in the same quarter last year, according to its financial statement sourced from NSE. Shadowfax operates in the last-mile and hyperlocal logistics space, serving ecommerce marketplaces, D2C brands and quick commerce players. It competes with players such as Delhivery, XpressBees, Ecom Express and Ekart, in a segment marked by intense competition. Other income contributed an additional Rs 7 crore, which drove its total income of Rs 1,166 crore for the quarter. For the nine-month period ending December 2025, the firm’s revenue increased 67% to Rs 2,965 crore from Rs 1,772 crore a year earlier. The company did not provide proper expense breakup; however, its finance cost rose 65% to Rs 109 crore in Q3 FY25 from Rs 66 crore in Q3 FY25. Finance cost and depreciation cost stood at Rs 6 crore and Rs 32 crore respectively. Overall, the company’s total expense rose 62% to Rs 1,131 crore in Q3 FY26 from Rs 700 crore in Q3 FY25. Shadowfax posted a profit spiked 5X to Rs 35 crore in Q3 FY26, as compared to Rs 7 crore in Q3 FY25. On a sequential basis, the company’s profit increased 2.7X from Rs 13 crore in Q2 FY26. Shadowfax Technologies' shares debuted on Indian exchanges at a muted discount, listing at Rs 112–113 (nearly 9% below the Rs 124 IPO upper price band). The company had raised Rs 1,907 crore via the IPO, which was open from January 20–22. At the end of today’s trading session, Shadowfax’s share price traded at Rs 125, giving the firm a total market capitalization of Rs 6,249 crore ($796 million).

Infibeam crosses Rs 1,000 Cr revenue threshold in Q2 FY25

EntrackrEntrackr · 1y ago
Infibeam crosses Rs 1,000 Cr revenue threshold in Q2 FY25
Medial

Digital payments firm Infibeam's operating revenue grew by 29.19% during the quarter ending September 2024. Moreover, the Ahmedabad-based company’s profit also increased 16.45% in Q2 FY25. Infibeam Avenues’s revenue from operations spiked to Rs 1,016.65 crore in Q2 FY25 from Rs 786.97 crore in Q2 FY24, its unaudited consolidated financial statements from Bombay Stock Exchange (BSE) show. Payment business accounted for 95.7% of its total collection which increased by 31.82% to Rs 973.34 crore in Q2 FY25. Meanwhile, there was a 10.81% decline in e-commerce platform business, which fell to Rs 43.31 crore. The company recorded a total revenue of 1,020.19 crore in Q2 FY25. Infibeam operates a diversified digital platform, with a primary focus on digital payments and e-commerce solutions. The company’s total expenses for Q2 FY25 rose by 30.41% to Rs 957.1 crore in Q2 FY25. Operating expenses was the largest contributor, rising by 29.98% to Rs 882.3 crore. Employee benefits increased by 10.86% to Rs 34.5 crore, while depreciation cost grew 3.64% to Rs 17.1 crore. The company also incurred Rs 23.2 crore on other undisclosed expenses. Infibeam’s profit after tax rose 16.495 to Rs 47.4 crore in Q2 FY25 from Rs 40.69 crore in the same period last year. Its ROCE and EBITDA margin stood at 1.62% and 7.96%, respectively. On a unit basis, the company spent Re 0.94 to earn a rupee of operating revenue in Q2 FY25. Infibeam competes with major players like Paytm, Razorpay, and PhonePe in the digital payments sector. At the end of today, its market cap stood at Rs 7,600 crore while the firm stock was trading at Rs 27.30.

Lenskart posts Rs 2,096 Cr revenue in Q2 FY26; profit spikes 20%

EntrackrEntrackr · 3m ago
Lenskart posts Rs 2,096 Cr revenue in Q2 FY26; profit spikes 20%
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Lenskart posts Rs 2,096 Cr revenue in Q2 FY26; profit spikes 20% Eyewear brand Lenskart announced its financial results for Q2 FY26 after debuting on Indian stock exchanges earlier this month. The firm’s revenue increased by 21% during the second quarter while its profit also rose by 20% and neared the Rs 150 crore threshold in the same period. The company’s revenue from operations increased to Rs 2,096 crore in Q2 FY26 from Rs 1,736 crore in the same quarter last year, according to its financial statement sourced from NSE. Other income contributed an additional Rs 33 crore, which drove its total income of Rs 2,129 crore for the quarter. However, for the six months period ending September 2025, the firm’s revenue increased 23% to Rs 3,991 crore in H1 FY26 from Rs 3,256 crore in H1 FY25. On the expense side, cost of material was the largest burn which accounted for 33% of the total expense. This cost increased by 19% to Rs 650 crore in Q2 FY26 from Rs 546 crore in Q2 FY25. Employee benefit expense rose 55% to Rs 502.5 crore in Q2 FY26 from Rs 325 crore in Q2 FY25. Finance cost, depreciation cost were other overheads which added to the total expense which increased by 18.5% to Rs 1,980 crore in Q2 FY26. Lenskart’s profit increased by 20% to Rs 103 crore in Q2 FY26 as compared to Rs 86 crore in Q2 FY25. On a half-yearly basis, its profit increased by 120% to Rs 165 crore in H1 FY26 as compared to Rs 75 crore in H1 FY25. Lenskart made a tepid debut on the Indian stock exchanges, listing at Rs 395 per share on the NSE, about 1.7% lower than the issue price of Rs 402. The Gurugram-based company raised Rs 2,150 crore through a fresh issue and Rs 5,028 crore via an offer for sale (OFS), valuing the company at around Rs 70,000 crore ($8 billion). According to exchange data, Lenskart’s IPO was oversubscribed 28.26 times with the retail portion at 7.53X, QIBs (ex-anchors) at 40.35X, Non-Institutional Investors (NIIs) at 18.2X and employee portion subscribed 4.96 times. During the last trading session, its share traded at Rs 411.80, giving the firm a total market capitalization of Rs 71,441 crore ($7.9 billion).

AgroStar crosses Rs 850 Cr revenue in FY25; cuts losses

EntrackrEntrackr · 8d ago
AgroStar crosses Rs 850 Cr revenue in FY25; cuts losses
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AgroStar crosses Rs 850 Cr revenue in FY25; cuts losses AgroStar continued its steady growth and crossed Rs 850 crore in operating revenue in the fiscal year ended March 2025. The Pune-based firm also reduced its losses by 56% during the same period. AgroStar’s operating revenue increased by 14.2% to Rs 853 crore in FY25 from Rs 747 crore in FY24, according to its consolidated financial statement sourced from the Registrar of Companies (RoC). AgroStar runs a full-stack agritech platform that sells agri-inputs such as seeds, crop protection and nutrition products, while using AI-led and expert advisory to drive farmer engagement and repeat purchases. It also enables limited output linkages through brands such as Kimaye. Revenue from product sales accounted for 97% of operating revenue and rose 14.5% to Rs 827 crore in FY25. Income from services stood at Rs 13 crore, while other operating income also contributed Rs 13 crore during the year which took its total income to Rs 864 crore in FY25. On the spending side, the cost of materials remained the largest expense and accounted for 56% of the expense. To the tune of scale, this cost increased 6% to Rs 567 crore in FY25 from Rs 535 crore in FY24. Transportation costs rose 31% to Rs 145.5 crore, while employee benefit expenses declined marginally to Rs 108 crore. Depreciation expenses fell sharply by 72.3% to Rs 57 crore. Finance costs increased to Rs 36 crore in the period. Overall, AgroStar reduced its total expenses by 7.4% to Rs 1,008 crore in FY25 from Rs 1,089 crore in FY24. With steady revenue growth and cost control measures helped Agrostar to cut its losses by 56% to Rs 143.5 crore in FY25 from Rs 327 crore in FY24. Its ROCE and EBITDA margin stood at -140.48% and -7.15% respectively. On a unit basis, the company spent Rs 1.18 to earn a rupee of operating revenue during the fiscal year, compared to Rs 1.46 in FY24. As of March 2025, AgroStar reported cash and bank balances of Rs 120 crore, while its current assets stood at Rs 437 crore. AgroStar has raised about $186 million to date, including a $30 million round led by Just Climate. Its investors include Aavishkaar India, Bertelsmann, Evolvence India, Chiratae Ventures, and Hero Enterprises. It competes with Ninjacart, DeHaat, and WayCool.

Gameskraft crosses Rs 4,000 Cr revenue in FY25; PAT nears Rs 1,000 Cr

EntrackrEntrackr · 6m ago
Gameskraft crosses Rs 4,000 Cr revenue in FY25; PAT nears Rs 1,000 Cr
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Gameskraft crosses Rs 4,000 Cr revenue in FY25; PAT nears Rs 1,000 Cr Gameskraft’s FY25 numbers reflect strong performance before the RMG ban. The firm reported double-digit revenue growth and maintained profitability during the fiscal year. The Indian government’s recent ban on real-money gaming formats has disrupted the sector overnight, but Gameskraft’s FY25 numbers reflect strong performance before the clampdown. The firm reported double-digit revenue growth and maintained profitability during the fiscal year. Gameskraft’s revenue from operations grew 12% to Rs 3,896 crore in FY25 from Rs 3,475 crore in FY24, according to its consolidated financial statements sourced from the Registrar of Companies (RoC). Gameskraft operated popular gaming apps such as Rummy Culture, Playship, Pocket 52, RummyPrime, Ludo Culture, and Rummy Time. Its revenue (gross gaming revenue) came from platform fee or commission charged as a percentage of the buy-in fees users invest in games, which contributed Rs 3,882 crore (99.6% of operating revenue), registering a 12.2% growth. Its real estate business added Rs 11 crore, while other income sources contributed Rs 3 crore in FY25. The Bengaluru-based company made an additional Rs 113 crore from non-operating sources which pushed its total revenue to Rs 4,009 crore in FY25. On the cost side, promotional spending emerged as the single largest expense and accounted for 75% of total burn. To the tune of scale, this cost surged 58% to Rs 2,072 crore in FY25 from Rs 1,315 crore in FY24. Employee benefits, on the other hand, saw a decline of 11% to Rs 410 crore, while legal and professional fees fell 22.8% to Rs 112 crore in FY25. Overall, the company’s total expenses shot up 24% to Rs 2,766 crore in FY25 as against Rs 2,232 crore in FY24. See TheKredible for the detailed cost breakdown during the last fiscal year. Despite the jump in ad spend, Gameskraft managed to sustain profitability on the back of its strong topline and controlled costs in other areas. Its net profit stood at Rs 976 crore in FY25, slightly higher than the Rs 947 crore posted in FY24. It's worth noting that we have excluded exceptional items worth Rs 270.5 crore in the calculation of net profit of the company. Gameskraft's ROCE and EBITDA margin stood at 58.40% and 31.63%, respectively. On a unit basis, Gameskraft spent Rs 0.71 to earn a rupee of operating revenue in FY25. The company recorded current assets worth Rs 2,232 crore in FY25 which includes Rs 253 crore in cash and bank balances and Rs 1,319 crore invested in mutual funds. While Gameskraft’s FY25 numbers were unaffected, the Indian government’s new gaming law effective August 2025 has forced the company to halt its real-money operations, including shutting down “Add Cash” features and discontinuing its flagship rummy platform RummyCulture, alongside pausing its poker venture Pocket52 earlier in the year. The move, mandated by the Promotion and Regulation of Online Gaming Act, has also led Gameskraft to publicly state it will not pursue a legal challenge, instead opting for full compliance. Given that real-money gaming contributed nearly all of Gameskraft’s FY25 revenue, the ban is expected to significantly impact its business model, revenue streams, and growth trajectory going forward.

Infibeam profit spikes 50% to Rs 64 Cr in Q3 FY25

EntrackrEntrackr · 1y ago
Infibeam profit spikes 50% to Rs 64 Cr in Q3 FY25
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Digital payments firm Infibeam continued its strong financial momentum, with profits surging 50% in the quarter ending December 2024. The Ahmedabad-based company's operating revenue also grew 18% year on year in the quarter ending December 2024. Infibeam Avenues’ revenue from operations spiked to Rs 1,070 crore in Q3 FY25 from Rs 907 crore in Q3 FY24, as per its unaudited consolidated financial statements sourced from the National Stock Exchange (NSE). Payment business accounted for 94% of its total collection which increased by 17% to Rs 1,010 crore in Q3 FY25. Meanwhile, there was a 23.2% increase in the e-commerce platform business, which rose to Rs 60.3 crore. The company recorded a total revenue of 1,093.5 crore in Q3 FY25. Infibeam operates a diversified digital platform, with a primary focus on digital payments and e-commerce solutions. The company’s total expenses rose by 18% to Rs 1,013 crore in Q3 FY25. For the digital payment firm, its payment processing was the largest cost center, rising by 16.6% to Rs 930.4 crore. Employee benefits Increased by 30% to Rs 40 crore, while depreciation cost grew 11.8% to Rs 19 crore. The company also incurred Rs 23.6 crore on other undisclosed expenses in the said quarter. Infibeam’s profit after tax rose 50% to Rs 64.4 crore in Q3 FY25 from Rs 43 crore in the same period last year. On a unit basis, the company spent Re 0.95 to earn a rupee of operating revenue in the last quarter. Infibeam competes with major players like Paytm, Razorpay, and PhonePe in the digital payments sector. At 14:22 PM today, its market cap stood at Rs 6,504 crore while the firm stock was trading at Rs 23.32.

Awfis income crosses Rs 300 Cr in Q2 FY25, posts Rs 38 Cr PAT

EntrackrEntrackr · 1y ago
Awfis income crosses Rs 300 Cr in Q2 FY25, posts Rs 38 Cr PAT
Medial

Co-working solutions provider Awfis has registered decent growth in its revenue while maintaining profitability in the second quarter of FY25. The company’s revenue from operations surged 40.5% year-on-year to Rs 292.38 crore in Q2 FY25 from Rs 208.15 crore in the same quarter last year. Other income contributed an additional Rs 9.56 crore which drove its total income of Rs 301.95 crore for the quarter. On a quarterly basis, the firm's revenue jumped 13.46% from Rs 258 crore in Q1 FY25. Founded in 2015, Awfis provides office spaces for startups, SMEs, and large corporations, along with services such as food and beverages, IT support, and infrastructure solutions. Revenue from co-working spaces remained the largest segment that grew 43.1% to Rs 218.31 crore in Q2 FY25 from Rs 152.56 crore in Q2 FY24. The construction and fit-out projects segment brought in Rs 68.15 crore, while other services brought in Rs 5.9 crore to the overall revenue in Q2 FY25. Subcontracting cost was the largest burn which stood at Rs 56.13 crore, whereas employee benefits expenses increased to Rs 39.38 crore. Depreciation and amortization expenses grew 33.5% YoY to Rs 64 crore. Finance costs amounted to Rs 30.4 crore which pushed the firm’s total cost to Rs 287.29 crore in the September quarter. With an exceptional item income of Rs 24 crore, Awfis posted a profit after tax of Rs 38.67 crore. Awfis’ stock was listed on the NSE on May 30, opening at Rs 435 with a 13.58% premium over the issue price of Rs 383. Before Monday’s market closure, the company’s shares were trading at Rs 776.

Go Digit posts Rs 2,088 Cr revenue in Q2 FY26, PAT spikes 30%

EntrackrEntrackr · 4m ago
Go Digit posts Rs 2,088 Cr revenue in Q2 FY26, PAT spikes 30%
Medial

Go Digit General Insurance Limited reported steady growth in the second quarter of FY26, with operating revenue (net premium) rising 10% to Rs 2,088 crore from Rs 1,891 crore in Q2 FY25. Its profit also grew 30%, crossing the Rs 100 crore threshold during the quarter. Net premiums written also saw a rise of 9% this quarter to Rs 2,109 crore in Q2 FY26 compared to Rs 1,928 crore in the same quarter last year, according to its quarterly results reported on the NSE. The firm’s income from investments grew significantly to Rs 320 crore in Q2 FY26, compared to Rs 284 crore in the second quarter of FY26, steered by a stronger investment portfolio performance. In the end, its total income for Q2 FY26 stood at Rs 2,408 crore, against Rs 2,175 crore in the corresponding quarter of the previous year. Go Digit experienced rising expenses in Q2 FY26, including commissions and brokerage costs, which amounted to Rs 603 crore. These expenses stood at Rs 573 crore in Q2 FY25. Employee benefits also saw a slight increase, with expenses totaling Rs 91.5 crore in Q2 FY26. These increases contributed to the overall 10% rise in the firm's expenses during the quarter to Rs 2,334 crore. In terms of claims, the company paid out Rs 1,098 crore in claims during Q2 FY26 against Rs 851 crore in Q2 FY25. There was also a change in outstanding claims, decreasing to Rs 426 crore in Q2 FY26 compared to Rs 483 crore in Q1 FY25. The company’s PAT (Profit after Tax) increased by 30% to Rs 116.5 crore in Q2 FY26 from Rs 89.5 crore in Q2 FY26. For the half year, the company’s profit rose 34% to Rs 255 crore in H1 FY26 from Rs 191 crore in H1 FY25. At the end of the day, Go Digit’s share price was trading at Rs 363.75 per share, giving the company a total market capitalization of Rs 33,586 crore ($3.8 billion).

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