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Gupshup India’s profit falls 52% amid flat scale in FY25

EntrackrEntrackr · 2d ago
Gupshup India’s profit falls 52% amid flat scale in FY25
Medial

Gupshup India’s profit falls 52% amid flat scale in FY25 After surpassing the Rs 2,000 crore revenue milestone with strong growth in FY24, conversational AI platform Gupshup reported a marginal dip in its operating scale in the fiscal year ended March 2025. During the same period, profits for the Tiger Global-backed company declined by over 50%. Gupshup’s India revenue from operations declined by 5.3% to Rs 1,943 crore during FY25 from Rs 2,051 crore in FY24, according to its annual financial reports reviewed by Entrackr. These figures reflect only the India entity of Gupshup and exclude overseas revenue. Given its strong international presence, the company’s overall financials are likely to differ. Gupshup offers conversational AI for marketing, commerce, and support, serving 50,000+ businesses across 130 countries and processing over 120 billion messages annually across WhatsApp, voice, web, and mobile. Mobile messaging services, text-based advertising, and software development charges were the revenue streams for the firm in the last fiscal year. However, Gupshup has not mentioned the breakup for all these services. It also earned non-operating income of Rs 14 crore, which took its total income in the last fiscal to Rs 1,957 crore. On the cost side, the largest share of expenditure, which accounted for 65% of the total, was booked under miscellaneous expenses and stood at Rs 1,245 crore in FY25, which seems to be the fees paid to solution providers. Gupshup India’s employee benefit expenses rose 10% year-on-year to Rs 312 crore in FY25. Telephone and postage costs stood at Rs 138 crore, while advertising and promotional expenses and legal and professional fees came in at Rs 41 crore and Rs 47 crore, respectively. While the overall expense seems stable, the decline in operating scale led Gupshup to post a 50% decline in its net profits to Rs 26 crore in FY25, compared to Rs 54 crore in FY24. Its ROCE and EBITDA margin stood at 12.72% and 3.91%, respectively. On a unit basis, the company spent Rs 0.99 to earn one rupee in FY25. As of March 2025, Gupshup India reported current assets of Rs 1,590 crore, including cash and bank balances of Rs 7 crore. Gupshup turned unicorn after raising $100 million from Tiger Global Management in April 2021. The firm also raised $60 million in July last year from Globespan Capital Partners and EvolutionX Debt Capital. It also sold its proprietary ‘GSPay’ technology stack, which enables UPI-based payments on feature phones, to PhonePe last year. With Ravi Dugar taking over as Chief Financial Officer, Gupshup is expected to focus on improving financial discipline and efficiency, which could support a more stable growth trajectory in the coming periods.

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Mamaearth-parent Honasa posts Rs 533 Cr revenue in Q4 FY25; Profit falls 17%

EntrackrEntrackr · 10m ago
Mamaearth-parent Honasa posts Rs 533 Cr revenue in Q4 FY25; Profit falls 17%
Medial

Honasa Consumer Limited, the parent company of Mamaearth, has reported a 13% growth in scale, while its year-on-year (YoY) profits decreased by 17% during the same period. Honasa Consumer Limited, based in Gurugram, announced its financial results for the fourth quarter of the last fiscal year (Q4 FY25). The company reported a 13% growth in scale, while YoY profits decreased by 17%. Mamaearth’s Q4 FY25 revenue from operations increased 13% YoY to Rs 533 crore from Rs 471 crore in Q4 FY24. For the full fiscal year (FY25), operating revenue increased 8% to Rs 2,067 crore from Rs 1,920 crore in FY24. The company also added Rs 20 crore from non-operating activities, tallying its overall revenue to Rs 554 crore for Q4 FY25. For FY25, total income was Rs 2,146 crore. The cost of procurement accounted for 30% of the overall expenditure, increasing 11% YoY to Rs 156 crore in Q4 FY25 from Rs 141 crore in Q4 FY24. Spending on employee benefits, marketing, legal, rent, and other overheads led to a 16% YoY rise in total expenditure to Rs 522 crore in Q4 FY25 from Rs 451 crore in Q4 FY24. Total expenses for FY25 were Rs 2,056 crore. The company reported a profit after tax of Rs 25 crore in Q4 FY25, a 17% decrease from Rs 30 crore in Q4 FY24. Profit for FY25 decreased to Rs 73 crore compared to Rs 110 crore in FY24. Recently, the company elevated Karan Bajwa and Avinash Dhagat to CXO roles, following Anuja Mishra's (CMO) resignation. Mamaearth parent’s shares closed at Rs 275, with a marketing capitalization of Rs 8,944 crore ($1.04 billion).

Coaching chain Motion scale remains flat at Rs 108 Cr in FY25

EntrackrEntrackr · 25d ago
Coaching chain Motion scale remains flat at Rs 108 Cr in FY25
Medial

The content relevant to the URL is: Coaching chain Motion scale remains flat at Rs 108 Cr in FY25 IIT-JEE and NEET-focused bootstrapped coaching institute chain Motion reported no growth in the fiscal year ending March 2025. However, the Kota-based firm recorded a slight decline in profit in the same period. Motion’s revenue from operations stood at Rs 108 crore in FY25, marginally declining from Rs 109 crore in FY24, according to its financial statement sourced from the Registrar of Companies (RoC). Founded in 2007, Motion offers coaching programs for competitive examinations such as JEE and NEET through classroom training at its offline centres as well as online learning solutions. The firm generates revenue from course fees paid by students enrolled in its programs. The firm added around Rs 2 crore from non-operating income, which kept its total income steady at Rs 110 crore in FY25. Employee benefit expenses accounted for the largest share of the company’s spending. This cost increased 4% to Rs 49 crore in FY25 and formed nearly 48% of the total expenditure. Advertising and promotional expenses declined 8% to Rs 12 crore in the last fiscal year. Legal charges grew 33% year-on-year to Rs 10 crore during FY25, while rent expenses also rose 17% to Rs 5.2 crore. Overall, the firm’s total expense increased marginally to Rs 103 crore in FY25 from Rs 102 crore in FY24. Despite stable income, Motion’s profit declined 6.7% to Rs 5.6 crore in FY25 from Rs 6 crore in the previous fiscal year. Its ROCE and EBITDA margin improved to 12.29% and 10.74%, respectively. On a unit basis, the company spent Rs 0.95 to earn a rupee of operating revenue during the fiscal year. Motion reported total assets of Rs 115 crore in FY25, up from Rs 81 crore in FY24. It recorded cash and bank balances of Rs 10 crore, while its current assets stood at Rs 23 crore at the end of FY25. The Kota-based company has not raised any funding yet and competes with the likes of Aakash, Career Point, Allen and Resonance. Allen reported Rs 3,067 crore in FY25, while its profit plummeted 70% to Rs 41 crore. On the other hand, Aakash recorded a loss of Rs 2,443 crore in FY24, which was primarily attributed to exceptional items connected to its parent company, Byju's. During the same fiscal year, Aakash's revenue from operations remained stable at Rs 2,438 crore. The company has not yet submitted its financial reports for FY25. Motion’s flat performance in FY25 also reflected the broader trend in the coaching segment. Larger players such as Allen and Aakash also reported limited growth during the period. While Allen’s profit dropped sharply despite large revenue, Aakash’s scale is expected to remain largely unchanged in FY25. Against this backdrop, Motion’s steady revenue indicates a stable but slow-moving phase for traditional coaching institutes amid rising competition and shifting student preferences.

Gupshup appoints Ravi Dugar as Chief Financial Officer

EntrackrEntrackr · 24d ago
Gupshup appoints Ravi Dugar as Chief Financial Officer
Medial

Gupshup appoints Ravi Dugar as Chief Financial Officer Conversational AI platform Gupshup has appointed Ravi Dugar as its Chief Financial Officer as the company prepares for its next phase of growth. Dugar brings nearly two decades of experience in finance leadership across high-growth companies and global businesses. Prior to joining Gupshup, he held senior finance roles at Bharti Airtel and Livguard Energy Technologies. Most recently, he served as CFO at Awfis where he helped lead the company’s finance function and preparations for its public market debut in 2024. At Gupshup, Dugar will lead the company’s financial strategy, including long-term financial planning, capital allocation and investor engagement. He will also work with the leadership team on strategic initiatives such as partnerships, investments and acquisitions as the company expands its conversational AI platform globally. Founded by Beerud Sheth, Gupshup provides conversational AI solutions for marketing, commerce and customer support. The platform serves over 50,000 businesses across 130 countries and processes more than 120 billion messages annually across channels such as WhatsApp, voice, web and mobile applications. Last year, Gupshup had raised $60 million in a fresh round of equity and debt funding from Globespan Capital Partners. Gupshup turned unicorn after raising $100 million from Tiger Global in April 2021. The firm also raised $240 million in the same year and took over Knowlarity, Active.Ai and Onedirect. In 2024, Gupshup laid off around 300 employees as part of a restructuring exercise aimed at improving operational efficiency and moving toward profitable growth after a period of rapid expansion. While the company has not yet filed its FY24 and FY25 financial results, it had reported revenue of Rs 1,619 crore and a profit of Rs 49 crore in FY23. The company is estimated to have ended FY24 with revenue of around $300 million (about Rs 2,500 crore). In India, Gupshup competes with players such as Freshchat (Freshworks), WATI and Zoho SalesIQ in the conversational AI and CPaaS segment.

EaseMyTrip profit falls 98% in Q1 FY26; spends Rs 370 Cr on 3 acquisitions

EntrackrEntrackr · 7m ago
EaseMyTrip profit falls 98% in Q1 FY26; spends Rs 370 Cr on 3 acquisitions
Medial

EaseMyTrip profit falls 98% in Q1 FY26; spends Rs 370 Cr on 3 acquisitions Online travel aggregator (OTA) platform EaseMyTrip has reported dismal performance during the last quarter, with revenue declining over 25% and profit plunging 98% to Rs 44 lakh. EaseMyTrip’s operating revenue decreased by 25.5% to Rs 114 crore in Q1 FY26 from Rs 25.5 crore in Q1 FY25, as per its financial statements filed with the National Stock Exchange (NSE). Air ticketing contributed 50% of the company’s revenue but fell 47% to Rs 57 crore in Q1 FY26, down from Rs 107 crore in Q1 FY25. Hotel packages accounted for 28.5% of total revenue, generating Rs 32.5 crore. Including other undisclosed income, its total income for Q1 FY26 stood at Rs 120 crore, compared to Rs 156 crore in Q1 FY25. On a quarter-on-quarter basis, EaseMyTrip’s operating revenue fell 18% to Rs 114 crore in Q1 FY26 from Rs 139 crore in Q4 FY25. In line with its scale, total expenses rose 8% to Rs 118 crore in Q1 FY26 from Rs 109 crore in Q1 FY25. Service costs accounted for 15% of the total, falling 5% to Rs 18 crore in Q1 FY26. Payment gateway charges, employee benefits, and advertising were other major costs for EaseMyTrip in the last quarter. EaseMyTrip’s profit after tax (PAT) fell 98.7% to Rs 44 lakh in Q1 FY26 as compared to Rs 34 crore in Q1 FY25. On a unit basis, the Delhi-based company spent Rs 1.04 to earn a rupee of operating revenue with EBITDA of Rs 6.2 crore during the last quarter. In its board meeting, the company also approved an investment of Rs 175 crore in Three Falcons Notting Hill Limited for a 50% stake, the acquisition of 100% stake in AB Finance Private Limited for Rs 194.4 crore, and approved an investment in Vashu Bhagnani Industries Limited. EaseMyTrip closed Thursday's trading session at Rs 9.22, with a 4% increase in its share price. The company’s total market capitalization stood at Rs 3,353 crore (approx $383 million).

Infra.Market reports over $2 Bn gross revenue in FY25; profit falls 42%

EntrackrEntrackr · 2m ago
Infra.Market reports over $2 Bn gross revenue in FY25; profit falls 42%
Medial

Building materials unicorn Infra.Market reported a 27% year-on-year rise in gross revenue in FY25, but its profit fell 42% during the period. Infra.Market, which has confidentially filed its IPO papers to raise Rs 5,000 crore, delivered another strong top-line performance with 27% year-on-year increase in its gross revenue in FY25. Despite the decent growth, its bottom line declined by 42% in the same period. Infra.Market’s gross revenue grew 27% to Rs 18,472 crore ($2.1 billion) during FY25, compared to Rs 14,530 crore in FY24, as per its consolidated financial statements with the Registrar of Companies (RoC). Infra.Market operates across three core verticals: Structural products, finishing products, and lifestyle products, along with allied services linked to product sales. Structural products, which include concrete and other construction materials, remained the company’s largest revenue driver, contributing over 60% of the total revenue and clocking Rs 11,176 crore in FY25. The finishing products vertical, comprising plumbing, walling and roofing solutions as well as plywood and laminates, reported revenue of Rs 1,924 crore during the year. The lifestyle products segment, which includes modular kitchens, consumer appliances, paints and other related offerings, generated Rs 2,487 crore in FY25. Beyond product sales, Infra.Market is also engaged in construction services for infrastructure projects, equipment rental, and exterior painting services. Revenue from the sale of construction equipment, spare parts, chemicals, and these allied services added another Rs 2,884 crore in the previous fiscal. The company also booked a non-operating revenue of Rs 84 crore which drove its total income to Rs 18,556 crore during the last fiscal year, compared to Rs 213 crore non-operating income in FY24. On the expense side, the cost of procurement of construction material and equipment formed 75% of the total expenditure, amounting to Rs 13,751 crore in FY25. Its employee benefit expenses surged 41% to Rs 564 crore in the period, which includes Rs 40 crore worth of ESOP cost. The company’s finance cost and freight and forwarding expenses rose 45% and 47% to Rs 805 crore and Rs 631 crore, respectively. Other overheads, including power & fuel, legal & professional, traveling expenses, impairment loss on financial assets, drove the total expenses to Rs 18,250 crore in FY25, compared to Rs 14,272 crore in FY24. While the company’s revenue and overall expenses grew at a similar pace in the last fiscal year, a 60% decline in non-operating income and a rise in overhead costs, including finance and depreciation expenses, dragged profit down 42% to Rs 220 crore in FY25 from Rs 378 crore in FY24. Coming to ratios, the EBITDA margin improved to 7.97%, while ROCE stood at 12.11% in FY25. The expense-to-operating-revenue ratio (unit economics) of the Mumbai-based company remained flat at Rs 0.99. The firm operates in a competitive space alongside OfBusiness, Zetwerk, and Moglix. Zetwerk reported revenue of Rs 12,798 crore in FY25, while the other two are yet to disclose their FY25 numbers. In FY24, OfBusiness recorded a gross revenue of Rs 19,296 crore, while Moglix posted Rs 4,964 crore.

GoBoult posts Rs 763 Cr revenue, profit shoots up 10X

EntrackrEntrackr · 1m ago
GoBoult posts Rs 763 Cr revenue, profit shoots up 10X
Medial

GoBoult posts Rs 763 Cr revenue, profit shoots up 10X According to its financial statements sourced from the Registrar of Companies, GoBoult’s revenue from operations increased 10% to Rs 763 crore in FY25 from Rs 697 crore in FY24. At a time when India’s wearables market has moved beyond its hyper-growth phase, GoBoult Audio took a different route to maintain steady growth through tighter cost control. While established players such as boAt and Noise reported flat or declining revenue in FY25, GoBoult continued to grow, albeit at a slower pace than earlier. The growth is clearly more moderate compared to the sharp jump it recorded in FY24, but in the current market environment, even double-digit growth stands out. Founded in 2017, GoBoult Audio designs and sells wireless earbuds, headphones, smartwatches, and speakers. Revenue from the sale of these products remains its only source of income. On the cost side, material expenses, which are entirely import-dependent, continued to be the biggest component, accounting for 53% of the overall costs. However, this expense declined 2.7% to Rs 391 crore in FY25 from Rs 402 crore in FY24. Employee benefit expenses increased 29.6% to Rs 35 crore. Its Advertising and promotional expenses also rose 9.3% to Rs 177 crore. After accounting for post-supply discounts, freight, rent, legal, and other overheads, the company’s total expenditure stood at Rs 731 crore in FY25. Despite moderate topline growth, tighter cost management significantly improved profitability. GoBoult’s net profit jumped to Rs 24 crore in FY25 from Rs 2.5 crore in FY24. Its EBITDA margin stood at 6.6%. On a unit level, the company spent Rs 0.96 to earn one rupee in FY25. Interestingly, GoBoult Audio has remained unfunded so far. In a category where venture-backed rivals scaled aggressively over the past few years, GoBoult’s numbers suggest that a disciplined approach can also work. For comparison, boAt reported flat revenue of Rs 3,073 crore in FY24 but posted Rs 60.4 crore in profit. Noise, on the other hand, saw its revenue decline 24% to Rs 1,048 crore, though it managed to turn profitable with Rs 3.2 crore to show after cost cuts. The larger picture is clear, however. The wearables market is no longer about chasing rapid scale at any cost. It is about protecting margins and building a sustainable business. GoBoult’s FY25 performance reflects that shift. Growth may have slowed, but profitability has strengthened, and in the current environment, that matters more.

Go Digit’s revenue falls in Q1 FY25 but profit spikes 90%

EntrackrEntrackr · 1y ago
Go Digit’s revenue falls in Q1 FY25 but profit spikes 90%
Medial

Go Digit General Insurance’s revenue from operations (net premium) decreased 8% to Rs 1,824 crore in Q1 FY25 from Rs 1,982 crore in Q4 FY24. However, its gross premium stood at Rs 2,660 crore in the first quarter of the ongoing fiscal year. The Bengaluru-based company also demonstrated strong financial standing during the previous fiscal year ending March 2024, marking a 37.4% year-on-year growth to Rs 7,096 crore (net premium) with its profits ballooning over 5X to Rs 182 crore during the last fiscal year Besides the operational income, Go Digit also made Rs 253 crore from its investments, tallying its overall revenue q Rs 2,077 crore in Q1 FY25 from Rs 2,692 crore in Q4 FY24. For the general insurance firm, the claims paid were naturally the largest cost center forming 64.48% of the overall expenditure. Akin to its scale, this cost decreased by 10% to Rs 1,285 crore in Q1FY25. The firm’s spending on commission, employee benefits, business development, sales promotion, and other overheads took its overall expense to Rs 1,993 crore in Q1 FY25 from Rs 2,198 crore in Q4 FY25. Despite a slight decrease in scale, Go Digit managed to control its costs by 9.3% QoQ, leading to a significant profit increase. Their profits rose by 90.6%, to Rs 101 crore in Q1FY25 from Rs 53 crore in Q4FY24. Sequentially, the firm posted 5X growth in profits during FY24. Go Digit General Insurance’s IPO was valued at Rs 2,616 crore, comprising a fresh issue of Rs 1,250 crore and the remainder offered for sale. The company debuted on the stock exchange on May 23 this year with a share price of Rs 286, marking a 5.1% gain compared to their price band of Rs 258-272 per share. GoDgit’s share price is currently trading at Rs 349.5 (as of 12.13 PM), According to Entrackr’s estimates, its total market capitalization stood at Rs 32,077 crore or $3.86 billion.

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