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Freecharge FY25: Revenue down 35%, slips into red with Rs 42 Cr loss

EntrackrEntrackr · 1d ago
Freecharge FY25: Revenue down 35%, slips into red with Rs 42 Cr loss
Medial

Axis Bank-owned digital payments and financial services firm Freecharge slipped into losses in the fiscal year ending March 2025, reversing its performance from a profit of Rs 79 crore in FY24. The loss came on the back of declining revenues and higher operating costs. Freecharge’s revenue from operations fell 35% to Rs 297 crore in FY25 from Rs 454 crore in FY24, its financial statements sourced from the Registrar of Companies (RoC) show. The company generates income from technology service providers (TSP) and commission fees. Revenue from TSP fees, which contributed nearly 49% of its operating income, dipped by 16% to Rs 145.5 crore. The biggest dip in revenue was in the business support fee collected for providing financial and customer acquisition services to Axis Bank, which fell by 96% to Rs 6 crore in FY25 from Rs 163 crore in FY24. Commission fees, however, surged 2.8X to Rs 111 crore. Freecharge also earned Rs 15 crore from non-operating sources, taking its total income to Rs 312 crore in the last fiscal year. Employee benefit expenses accounted for over 55% of the total cost which rose 19% to Rs 203 crore in FY25 from Rs 171 crore in FY24. Service charges climbed 18% to Rs 115.5 crore in FY25, in contrast, advertising cost fell sharply by 87% to Rs 6 crore during the same period. Legal, professional, and other overheads added another Rs 32.5 crore. Overall, Freecharge’s total expenditure increased 2.2% to Rs 367 crore during the last fiscal year from Rs 359 crore in FY24. With falling revenues and slightly higher costs, the firm lost its profitability and posted a loss of Rs 42 crore in FY25 as compared to a profit of Rs 79 crore in the previous fiscal year. Its ROCE stood at -17.96% and its EBITDA margin declined to -19.2% from 22.7% a year earlier. On a unit basis, Freecharge spent Rs 1.24 to earn a rupee of operating revenue in FY25, compared to 79 paise in FY24. The company’s total assets declined to Rs 445 crore in FY25 from Rs 500 crore, while cash and bank balances increased to Rs 139 crore. As of March 2025, it had current assets of Rs 390 crore. Axis Bank acquired Freecharge from Snapdeal in a Rs 385 crore ($60 million) deal in July 2017. Before that, Freecharge’s original founders Kunal Shah and Sandeep Tandon sold the wallet platform to Snapdeal for about Rs 3,000 crore ($400 million) in April 2015.

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SilverPush growth stalls in FY25; slips into red with Rs 18 Cr loss

EntrackrEntrackr · 11d ago
SilverPush growth stalls in FY25; slips into red with Rs 18 Cr loss
Medial

SilverPush couldn’t replicate its FY24 growth momentum in FY25, with revenue posting barely double-digit growth compared to nearly 120% year-on-year growth in FY24. Importantly, the company reported a loss of over Rs 17 crore in 2025. Marketing technology platform SilverPush couldn’t replicate its FY24 growth momentum in FY25, with revenue posting barely double-digit growth compared to nearly 120% year-on-year growth in the previous fiscal (FY24). Importantly, the company slipped into the red, reporting a loss of over Rs 17 crore in the fiscal year ending March 2025. SilverPush’s revenue increased 11% to Rs 386 crore in FY25, as compared to Rs 347 crore in FY24, according to the company's provisional financial statement reviewed by Entrackr. Silverpush provides AI-powered advertising solutions including contextual advertising, audience targeting, and ad measurement solutions. It also allows businesses to track the performance of their ads. The firm hasn’t given its revenue break up across business segments and geographies. On the expense side, cost of sales which includes cloud infrastructure, data and media costs accounted for 63% of the total expense at Rs 233 crore in FY25. Employee benefit expense accounted for 21% of the total expense at Rs 77 crore in FY25. Other expenses such as finance cost, depreciation and other operating expenses contributed another Rs 58 crore. Overall, the company’s total expense stood at Rs 368 crore in FY25. Unlike FY24, when the firm posted a profit of Rs 6 crore, SilverPush slipped into the red, recording a loss of Rs 17.6 crore in FY25. Its EBITDA stood at -Rs 9.45 crore with an EBITDA margin of -2.5%. The Gurugram-based company reported current assets worth Rs 175 crore at the end of FY25 (March 2025), including Rs 49 crore in cash and bank balances. According to the filings, the firm is projected to cross the Rs 500 crore revenue mark in FY26 while regaining profitability of around Rs 19 crore. While that may yet happen, there is little doubt that digital advertising is facing a moment of truth. Be it AI cutting into page views of sites and apps, or more and more sophisticated ways to skip ads, firms are approaching the medium in a whole new way. Including cutting back when they don't sense a receptive market. At the premium end, e-commerce sites are shaving off significant advertising budgets as well, leaving firms like Silver push with a tough market. Though its focus on video is supposed to insulate it somewhat, the segment does have intense competition that will keep eating away margins. The recent GST cuts might just provide Silver push the fillip it needed to get back into the black, but keep an eye on the growth numbers going forward.

Tracxn slips into losses in Q4 FY25 amid flat revenue

EntrackrEntrackr · 4m ago
Tracxn slips into losses in Q4 FY25 amid flat revenue
Medial

Data and research platform Tracxn announced its financial results for the fourth quarter of the last fiscal year (Q4 FY25) on Monday. The firm slipped into losses during the quarter, while its revenue grew by a mere 5% over the same period. Tracxn's revenue from operations stayed flat at Rs 21 crore in Q4 FY25, compared to Rs 20 crore in Q4 FY24, its financial statements sourced from the National Stock Exchange (NSE) show. For the full fiscal year (FY25), Tracxn’s operating revenue increased 2% to Rs 84.5 crore in FY25 from Rs 83 crore in FY24. Tracxn generated its entire operating revenue from subscription sales, offering access to its data and software. However, the Bengaluru-based firm did not provide a detailed revenue breakdown for the quarter. The company also made Rs 1.5 crore from non-operating sources which took Tracxn’s total revenue to Rs 22.7 crore in the fourth quarter. Meanwhile, for the full fiscal year (FY25), total income stood at Rs 90.36 crore. Employee benefits remained the largest cost center for Tracxn, accounting for 86% of its total expenditure. These expenses increased by 5.6% year-on-year, rising to Rs 19.36 crore in Q4 FY25 from Rs 17.77 crore in Q4 FY24. Overall, Tracxn's total costs grew by approximately 10%, reaching Rs 22 crore in Q4 FY25. For the fiscal year ending March 2025, total expenses increased to Rs 84 crore. The stagnant revenue and a nearly 10% increase in overall costs caused Tracxn to slip into losses. The company’s loss after tax stood at Rs 8 crore in Q4 FY25 from a profit of Rs 1.42 crore in Q4 FY24. However, the company reported a profit before tax of Rs 73 lakhs. Meanwhile, for the full fiscal year (FY25), its losses stood at Rs 9.5 crore. The company recently approved an ESOP grant of over 2 lakh shares, valued at Rs 41.6 lakh. As of the last trading session, Tracxn’s share price was Rs 63, giving the company a market cap of Rs 674 crore ($79 million).

Paytm posts Rs 1,828 Cr revenue and Rs 208 Cr loss in Q3 FY25

EntrackrEntrackr · 8m ago
Paytm posts Rs 1,828 Cr revenue and Rs 208 Cr loss in Q3 FY25
Medial

Fintech firm Paytm announced its financial results for the third quarter of the current fiscal year (Q3 FY25) on Monday. The Noida-based company reported revenue of Rs 1,828 crore and a net loss of Rs 208 crore for the period. According to Paytm’s unaudited consolidated quarterly report filed with the National Stock Exchange, its revenue from operations declined by 35.9% year-on-year from Rs 2,850 crore in Q3 FY24 to Rs 1,828 crore in Q3 FY25. However, on a quarter-on-quarter basis, the firm recorded a 10% increase in revenue compared to Q2 FY25 (the preceding quarter). Income from payment service revenue accounted for 55% of the total operating revenue which stood at Rs 1,003 crore in Q3 FY25 while the revenue from financial and marketing services were recorded at Rs 502 crore and Rs 267 crore in the same period. The company also added Rs 189 crore from other non-operating sources, bringing its overall revenue to Rs 2016.5 crore in Q3 FY25. For the fintech firm, its employee benefits remained the largest cost center accounting for 34% of the overall cost which decreased by 36% to Rs 756 crore in Q3 FY25. This includes Rs 182 crore as ESOP cost (non-cash). Its payment processing charges and marketing costs were reduced by 42% and 48.7% to Rs 570 crore and Rs 141 crore respectively in Q3 FY25 from Rs 982 crore and Rs 275 crore in Q3 FY24. Software, communication, legal, cashback, and other overheads took the total expenditure to Rs 2,220 crore in Q3 FY25 from Rs 3,216 crore in Q3 FY24. A reduction across all overhead departments enabled Paytm to narrow its losses by 6.3% to Rs 208 crore in Q3 FY25 from Rs 222 crore in Q3 FY24.

Smartworks clocks Rs 1,374 Cr revenue and Rs 62 Cr loss in FY25

EntrackrEntrackr · 2m ago
Smartworks clocks Rs 1,374 Cr revenue and Rs 62 Cr loss in FY25
Medial

Smartworks, a leading managed workspace platform, reported a 32% growth in operating revenue to Rs 1,374 crore in FY25. However, despite the strong topline growth, the company’s losses widened 26% in FY25. Smartworks’ revenue from operations increased by 32% to Rs 1374 crore in FY25 from Rs 1039 crore in FY24, according to its financial statement sourced from RHP. SmartWorks provides flexible office space for large enterprises, SMEs, and high-growth startups and leverages its robust phygital platform to deliver fully serviced, tech-enabled, flexible, and affordable workspaces. Lease rentals accounted for over 93% of its operating revenue, which rose by 29% to Rs 1,289 crore in FY25. Other sources included design and fit-out services at Rs 35 crore, ancillary services at Rs 49 crore, and a marginal Rs 1 crore from software fees. Smartworks added another Rs 36 crore from non-operating sources, which pushed its total revenue to Rs 1410 crore in FY25. On the expense side, the largest cost head was depreciation, which increased 35% to Rs 636 crore, followed by operating expenses of Rs 416 crore. Finance costs remained relatively stable at Rs 336 crore, while employee benefit expenses rose to Rs 65 crore. Overall, total expenses increased by 26% to Rs 1,489 crore in FY25 from Rs 1,180 crore in FY24. Despite revenue growth, the company’s loss increased by 26% to Rs 63 crore in FY25 as compared to Rs 50 crore in FY24. However, the company reported a positive EBITDA of Rs 893 crore in FY25 with an EBITDA margin of 63.3% and ROCE of 7.48%. On a unit level, Smartworks spent Rs 1.08 to earn a rupee of operating revenue in FY25, marginally better than the previous year’s ratio of Rs 1.14. The Gurugram-based company reported current assets worth Rs 255 crore in FY25, including Rs 69 crore in cash and bank balances. Smartworks is heading to the public markets with its Rs 583 crore IPO opening on July 10 and closing on July 14, 2025. The company has set a price band of Rs 387 to Rs 407 per share with a lot size of 36 shares, requiring a minimum investment of Rs 14,652 for retail investors.

Paytm posts Rs 1,911 Cr revenue and Rs 23 Cr loss in Q4 FY25

EntrackrEntrackr · 4m ago
Paytm posts Rs 1,911 Cr revenue and Rs 23 Cr loss in Q4 FY25
Medial

Fintech firm Paytm announced its financial results for the fourth quarter of the current fiscal year (Q4 FY25) on Tuesday. The Noida-based company reported a revenue of Rs 1,911 crore and a net loss of Rs 23 crore for the period. According to Paytm’s consolidated quarterly report filed with the National Stock Exchange, its revenue from operations declined by 16% year-on-year from Rs 2,267 crore in Q4 FY24 to Rs 1,911 crore in Q4 FY25. Meanwhile, for the full fiscal year, the Noida-based firm’s revenue fell 31% to Rs 6,900 crore in the fiscal year ending March 2025 from Rs 9,977 crore in FY24. Paytm has not disclosed its revenue breakup. The company also added Rs 224 crore from other non-operating sources, bringing its overall revenue to Rs 2,135 crore in Q4 FY25. According to the company, its Gross Merchandise Value (GMV) for the quarter stood at Rs 5.1 Lakh crore, while its average monthly transacting users (MTUs) increased to 7.2 crore in the previous quarter. For the fintech firm, its employee benefits remained the largest cost center, accounting for 35% of the overall cost, which decreased by 32% to Rs 748 crore in Q4 FY25. Its payment processing charges reduced by 27% to Rs 52 crore, and marketing expenses increased by 10% to Rs 142 crore in Q4 FY25. Software, communication, legal, cashback, and other overheads took the total expenditure to Rs 2,155 crore in Q4 FY25 from Rs 2,691 crore in Q4 FY24. Paytm reduced its losses by 96% to Rs 23 crore in Q4 FY25, down from Rs 536 crore in Q4 FY24. This figure excludes a one-time cost of Rs 522 crore, which includes Rs 492 crore in ESOP expenses and Rs 17 crore in transaction costs related to the sale of its movie ticketing business. As of May 6, Paytm’s share price fell over 6% to Rs 816 with the total market capitalization standing at Rs 52,082 crore.

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

EntrackrEntrackr · 19d 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.

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