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FY25 fiscal deficit on track: Touches 100.5% of revised target at Rs 15.77 lakh crore

Business Today

Business Today · 4m ago

FY25 fiscal deficit on track: Touches 100.5% of revised target at Rs 15.77 lakh crore

The fiscal deficit for FY25 reached Rs 15.77 lakh crore, achieving 100.5% of the revised target. Government expenditure was Rs 46.56 lakh crore, 98.7% of the fiscal year's budget target. Revenues totalled Rs 30.36 lakh crore, with Rs 24.99 lakh crore from taxes and Rs 5.38 lakh crore from non-tax sources. The fiscal deficit target for FY26 is set at 4.4%.

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Centre’s capex slows in February, April to February capex 80% of full year target

Business Today

Business Today · 6m ago

Centre’s capex slows in February, April to February capex 80% of full year target

The central government's capital expenditure from April 2024 to February 2025 reached Rs 8.11 lakh crore, achieving 80% of the full-year target. In February 2025, Rs 54,528 crore was spent, marking a slowdown since December 2024. Key sectors like railways and roads completed 91% and 90% of their targets, respectively. The fiscal deficit was Rs 13.46 lakh crore, or 85.8% of the targeted amount. Factors such as general elections and prolonged monsoon impacted spending forecasts.

Govt does not foresee revenue shortfall, aims to achieve deficit target: MoS Finance

Economic Times

Economic Times · 2m ago

Govt does not foresee revenue shortfall, aims to achieve deficit target: MoS Finance

The Central Government does not anticipate any revenue shortfall and aims to meet the fiscal deficit target of 4.4% of GDP, amounting to Rs 15.69 lakh crore for 2025-26, according to Minister of State for Finance Pankaj Chaudhary. The government will support state finances through various grants and schemes, with total resources transferred to states estimated at Rs 25.01 lakh crore. Public sector banks are close to fully staffed, with ongoing recruitment efforts.

India’s fiscal deficit for April–August at ₹5.98 lakh crore, widens to 38% of FY26 target

Economic Times

Economic Times · 8d ago

India’s fiscal deficit for April–August at ₹5.98 lakh crore, widens to 38% of FY26 target

India's fiscal deficit for April-August was ₹5.98 lakh crore, achieving 38.1% of the FY26 target. Net tax receipts decreased to ₹8.1 lakh crore from ₹8.7 lakh crore the previous year, while non-tax revenue increased to ₹4.4 lakh crore from ₹3.3 lakh crore. Total government expenditure rose to ₹18.8 lakh crore, up from ₹16.5 lakh crore, with capital expenditure notably increasing to ₹4.3 lakh crore from ₹3 lakh crore in the same timeframe.

Do bond fund investors need to change their strategy after Budget?

Money Control

Money Control · 1y ago

Do bond fund investors need to change their strategy after Budget?

On July 24, the India 10-Year Bond Yield increased to 7.09%. This rise in yield is seen as a positive for the Indian bond market as the government remains committed to reducing public debt-to-GDP ratio and fiscal deficit. In the Budget 2024, the total capital expenditure for the financial year 2025 remains unchanged at Rs 11.1 lakh crore, and the fiscal deficit target has been reduced to 4.9% from the previous estimate of 5.1%. This fiscal consolidation path is expected to create opportunities for the Reserve Bank of India to make necessary policy adjustments.

Tracxn slips into losses in Q4 FY25 amid flat revenue

Entrackr

Entrackr · 4m ago

Tracxn slips into losses in Q4 FY25 amid flat revenue

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).

Govt to exceed FY25 direct tax collection target: CBDT chief

YourStory

YourStory · 10m ago

Govt to exceed FY25 direct tax collection target: CBDT chief

The Indian government is set to exceed its direct tax collection target of Rs 22.07 lakh crore for the current fiscal year, according to the chairman of the Central Board of Direct Taxes (CBDT), Ravi Agarwal. Taxpayers who have not disclosed their foreign income or assets in their tax returns have until December 31 to file their revised returns for the 2023-24 fiscal year. The tax department is sending reminders to those who have high-value assets yet have not disclosed them. The CBDT has received over 6,000 suggestions to simplify the income tax law for ease of understanding.

Budget Snapshot: Centre can afford to not cut its FY25 borrowing target

Money Control

Money Control · 1y ago

Budget Snapshot: Centre can afford to not cut its FY25 borrowing target

The central government in India can easily borrow from the domestic bond market to finance its fiscal deficit, especially with the unexpected increase in revenue from a large dividend payout by the Reserve Bank of India (RBI). This gives the government more flexibility for spending or potentially reducing the fiscal deficit. Some market participants suggest that the government could even bring down the fiscal deficit target further from the 5.1 percent of GDP stated in the interim budget.

Garuda Aerospace posts Rs 17.5 Cr profit in FY25, revenue at Rs 118 Cr

Entrackr

Entrackr · 1m ago

Garuda Aerospace posts Rs 17.5 Cr profit in FY25, revenue at Rs 118 Cr

Garuda Aerospace posts Rs 17.5 Cr profit in FY25, revenue at Rs 118 Cr Drone technology startup Garuda Aerospace reported a modest growth in the last financial year ending March 31, 2025. The Bengaluru-based firm maintained profitability, supported by steady revenue growth and cost discipline. Garuda’s revenue from operations increased 7.3% to Rs 118 crore in FY25 from Rs 110 crore in FY24, as per its unaudited financial statements filed with the Registrar of Companies (RoC). Garuda Aerospace designs, manufactures and customizes Unmanned Aerial Vehicle (UAVs or drones) for various use cases such as deliveries, disaster management and agriculture. The company made additional Rs 7 crore from other income, which increased its total income to Rs 125 crore in FY25, from Rs 111 crore in FY24. Looking at the expenses, the cost of materials, which formed the largest expense, rose 14% to Rs 56 crore in FY25 from Rs 49 crore a year ago. Employee benefit expenses declined 12% to Rs 9.23 crore, while finance costs halved to Rs 1 crore during the same period. Depreciation, however, increased to Rs 3 crore in FY25 from Rs 2 crore in FY24. Overall, Garuda’s total expenses grew 13% to Rs 100.5 crore in FY25 as against Rs 89 crore in FY24. Despite higher spending, the company managed to expand its bottom line, with profit after tax (PAT) rising 9.4% to Rs 17.5 crore in FY25, from Rs 16 crore in FY24. Its ROCE and EBITDA margin stood at 14.37% and 22.4% respectively. On a unit level, Garuda spent Rs 0.85 to earn a rupee of revenue during the fiscal year. The company recorded current assets worth Rs 179 crore. According to startup data intelligence platform TheKredible, Garuda Aerospace has raised approximately $44 million to date from investors such as Nagarajan Seyyadurai, Ocgrow Ventures, cricketer MS Dhoni and others. Garuda operates a fleet of 400 drones and 500 pilots across 84 cities. The company recently raised funds from Narotam Sekhsaria Family Office to scale up manufacturing capacity from the current 8,000 drones annually to between 12,000 and 15,000 units. It will also expand its export presence to 50 countries by the year-end.

IREDA eyes over 21% growth in revenue from operations to Rs 8,200 crore this fiscal

Economic Times

Economic Times · 1m ago

IREDA eyes over 21% growth in revenue from operations to Rs 8,200 crore this fiscal

Indian Renewable Energy Development Agency (IREDA) aims for over 21% growth in revenue from operations this fiscal year, targeting Rs 8,200 crore, compared to the previous year's Rs 6,743.32 crore. This target is set in a performance-based MoU with the Ministry of New and Renewable Energy for FY 2025-26. The agreement outlines strategic targets, including key performance parameters, with IREDA's management optimistic about maintaining its excellent performance track record.

FY26 fiscal deficit pegged at 4.4%: Math unlikely to be hit

Economic Times

Economic Times · 1m ago

FY26 fiscal deficit pegged at 4.4%: Math unlikely to be hit

The Indian government remains confident in maintaining the FY26 fiscal deficit at 4.4% of GDP, despite potential revenue losses from GST rate reductions. Estimated losses of ₹48,000 crore could be mitigated by a surge in the consumption of goods, especially during festive seasons. Measures like reprioritizing expenditures and savings on certain spending will assist in achieving the fiscal target. Economic growth and accommodating necessary financial aid for exporters are also planned to support this target.

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