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Indifi’s revenue grows 22% in FY25; reports Rs 107 Cr EBITDA

EntrackrEntrackr · 5h ago
Indifi’s revenue grows 22% in FY25; reports Rs 107 Cr EBITDA
Medial

Indifi’s revenue grows 22% in FY25; reports Rs 107 Cr EBITDA Gurugram-based MSME focused lender Indifi Technologies reported a 22% year-on-year growth in its operating revenue on the back of improved monetisation and stronger platform activity in the last fiscal year (FY25). Indifi’s revenue increased to Rs 360 crore in FY25 from Rs 294 crore in FY24, according to figures shared by the company. The firm also made an additional Rs 18 crore from non-operating sources, which pushed its total income to Rs 378 crore during the fiscal year ending March 2025. The firm provides loans to MSMEs, specifically micro and small businesses with turnovers ranging from Rs 50 lakh to Rs 10 crore. As per Indifi, Delhi NCR is a significant market, contributing approximately 20% of the overall business, followed by Mumbai, Bangalore, and Rajkot. On the expense side, the company claims that its cost of funds (finance cost) averaged around 10% in FY25. Overall, the Alok Mittal-led firm’s expenses rose 24% to Rs 429 crore in FY25 from Rs 346 crore in FY24. Provisioning-led losses due to wider credit stress and a change of accounting standards from IGAAP to IND AS resulted in a net loss of Rs 45 crore for the fiscal year. However, the company’s EBITDA increased to Rs 107 crore in the last fiscal year as compared to Rs 90 crore in FY24. Indifi’s co-founder and executive chairman, Alok Mittal, told Entrackr that the company has already returned to profitability starting Q2 FY26, after a period of provisioning pressure. “We are coming out of a credit cycle. Profitability is back, and growth will resume in FY26 with supply chain finance and secured lending becoming bigger parts of the portfolio,” he said. Indifi has also expanded its product portfolio, with D2C loans now contributing 15–20% of its business, supply chain finance at 6–8%, and newly launched secured lending introduced just six months ago, which is expected to scale to 10–15% of the portfolio in the next three years. “Collectively, supply chain and secured lending are projected to account for 20–25% of AUM,” added Mittal. According to startup data intelligence platform TheKredible, Indifi has raised a total of $129 million from CDC Group, Accel, ICICI Ventures, and Omidyar Network, among others. As per Mittal, the firm is not looking to raise fresh equity in the near term. “We are comfortably levered and have sufficient equity for FY26 growth. Towards the end of FY26, we may look at capital infusion for the following year,” he said.

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MapMyIndia posts Rs 140 Cr revenue in Q4 FY25, profit grows 29%

EntrackrEntrackr · 4m ago
MapMyIndia posts Rs 140 Cr revenue in Q4 FY25, profit grows 29%
Medial

MapMyIndia posts Rs 140 Cr revenue in Q4 FY25, profit grows 29% CE Info Systems, the parent company of MapMyIndia, has announced its financial results for the fourth quarter of FY25. The company reported a year-on-year revenue growth of over 34% compared to Q4 FY24. MapMyIndia’s revenue from operations increased to Rs 143 crore in Q4 FY25 from Rs 107 crore in Q4 FY24. Meanwhile, for the full fiscal year, revenue increased by 22% to Rs 463 crore in FY25 from Rs 379 crore in FY24, according to its consolidated quarterly report. Income from digital map data, GPS navigation, location-based services, and IoT was the primary source of revenue for MapMyIndia, accounting for 88% of the total collection. This revenue source increased by 51% to Rs 127 crore in Q4 FY25. However, income from the sale of its devices generated Rs 16.5 crore in revenue. The cost of IoT devices, employee benefits, and outsourced technical services were the major cost elements, pushing the total cost of the firm to Rs 90 crore in Q4 FY25, up from Rs 72 crore in Q4 FY24. On a fiscal basis, the total cost increased to Rs 306 crore in FY25. With the increase in scale, MapMyIndia recorded a 29% increase in its profit to Rs 49 crore during Q4 FY25, compared to Rs 38 crore in the fourth quarter of the previous fiscal year. Meanwhile, annual profit increased by 10% to Rs 148 crore in FY25, up from Rs 134 crore in FY24. At the end of the day on 9th May 2025, MapMyIndia closed at Rs 1,845 per share, with a market capitalization of Rs 10,040 crore ($1.17 billion).

EaseMyTrip posts Rs 150 Cr revenue in Q3 FY25; profit declines

EntrackrEntrackr · 6m ago
EaseMyTrip posts Rs 150 Cr revenue in Q3 FY25; profit declines
Medial

Online travel aggregator (OTA) platform EaseMyTrip announced its financial results on Friday for the third quarter of FY25. The results show a marginal decrease in scale and profit year-on-year. EaseMyTrip’s operating revenue decreased by 6.3% to Rs 150 crore in Q3 FY25 from Rs 160 crore in Q3 FY24, as per its unaudited consolidated financial statements filed with the National Stock Exchange (NSE). Revenue from air ticketing accounted for 65% of the revenue whereas hotel packages formed 22% of the total collection. To the tune of scale, its total expense increased by 2.4% to Rs 107 crore in Q3 FY25 from Rs 105 crore in Q4 FY24. Service cost, payment gateway, employee benefit and costs were other major overheads for EaseMyTrip during the last quarter.

MamaEarth-parent Honasa posts Rs 595 Cr revenue in Q1 FY26; PAT grows 2.7%

EntrackrEntrackr · 1m ago
MamaEarth-parent Honasa posts Rs 595 Cr revenue in Q1 FY26; PAT grows 2.7%
Medial

### MamaEarth-parent Honasa Posts Rs 595 Cr Revenue in Q1 FY26; PAT Grows 2.7% MamaEarth’s revenue from operations increased by 7.4% YoY to Rs 595 crore in Q1 FY26 from Rs 554 crore in Q1 FY25, its financial statements accessed from the National Stock Exchange (NSE) show. Honasa Consumer Limited, the parent company of personal care brand Mamaearth, has announced its financial results for the first quarter of the ongoing fiscal year (Q1 FY26). The Gurugram-based company reported a 7% growth in scale, while its year-on-year (YoY) profits increased by 2.7% during the same period. MamaEarth’s operating revenue increased 12% to Rs 595 crore in Q1 FY26 from Rs 533 crore in Q4 FY25. The company added Rs 24 crore from non-operating activities which tallied its overall revenue to Rs 619 crore in Q1 FY26. For the D2C brand, the cost of procurement of products accounted for 30% of the overall expenditure. This cost increased by 9% to Rs 171 crore in Q1 FY26 from Rs 157 crore in Q1 FY25. The company’s spending on employee benefits, marketing, legal, rent, and other overheads drove an 8% year-on-year rise in total expenditure to Rs 563 crore in Q1 FY26 from Rs 520 crore in Q1 FY25. The company reported a profit after tax of Rs 41.3 crore in Q1 FY26, 5% up from Rs 40.2 crore in Q1 FY25. On a unit basis, the company spent Re 0.95 to earn a Rupee of operating revenue with EBITDA of Rs 55 in Q1 FY26. MamaEarth parent’s shares were trading at Rs 271 with a total marketing capitalization of Rs 8,812 crore ($1 billion).

OneAssist posts over Rs 620 Cr revenue in FY25 with Rs 26 Cr EBITDA

EntrackrEntrackr · 2d ago
OneAssist posts over Rs 620 Cr revenue in FY25 with Rs 26 Cr EBITDA
Medial

OneAssist posts over Rs 620 Cr revenue in FY25 with Rs 26 Cr EBITDA OneAssist demonstrated strong financial performance in FY25, with revenue growing 22% to cross Rs 600 crore, while the Mumbai-based company’s losses declined by 56% during the same period. OneAssist’s operating revenue grew 22% to Rs 623 crore in the last fiscal year (FY25) from Rs 509 crore in FY24, according to its provisional financial statement reviewed by Entrackr. OneAssist offers assistance and protection services to customers for their wallets, cards, mobile phones, and gadgets. It claims to cover card frauds including skimming, phishing online ATM and PIN fraud and offers free replacement of the PAN card and driving license. The company made additional Rs 21 crore from non-operating sources which pushed its total income to Rs 644 in FY25 from Rs 513 crore in FY24. When it comes to expenses, the firm incurred finance costs of Rs 44 lakh in FY25 which reduced by 50% from Rs 83 lakh in FY24. Depreciation and amortization rose marginally to Rs 34.5 crore. Notably, OneAssist didn’t disclose much information in the expense breakup beyond these figures. Overall, the firm’s total expenses rose by 21% to Rs 652 crore in FY25 compared to Rs 538 crore in FY24. OneAssist reported a net loss of Rs 11 crore in FY25, a 56% reduction from loss of Rs 25 crore in FY24. However the company reported a positive EBITDA of Rs 26 crore for the year with EBITDA margin of 4.10%. On a per-unit basis, the firm spent Rs 1.05 to earn a rupee in FY25, compared to Rs 1.06 in FY24, meanwhile its ROCE stood at -8.64%. The Mumbai-based company recorded current assets worth Rs 496 crore in FY25, which includes Rs 134 crore in cash and bank balances. Built around the same model as CPP India, the British owned firm where Gagan Maini was the CEO earlier, the firm has comfortably outpaced its ‘parent’, and in fact might be a top prospect to take over CPP India’s operations, which have been up for sale by the British parent. According to TheKredible, Peak XV (formerly Sequoia Capital) holds the largest stake in the company, owning nearly 29%. The company's co-founders, Subrat Pani and Gagan Maini, collectively own 12.32%.

Curefoods posts Rs 746 Cr revenue in FY25, dessert-led income grows 95%

EntrackrEntrackr · 2m ago
Curefoods posts Rs 746 Cr revenue in FY25, dessert-led income grows 95%
Medial

Curefoods posts Rs 746 Cr revenue in FY25, dessert-led income grows 95% Cloud kitchen brand Curefoods has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO). The move follows the company’s FY25 financial performance, where it reported a revenue of Rs 746 crore and a loss of Rs 170 crore, according to its balance sheet. Curefoods' operating revenue increased by 28% to Rs 746 crore in FY25 from Rs 585 crore in FY24, while its losses remained flat in the last fiscal year. Curefoods operates a multi-brand cloud kitchen business across categories like Indian meals, pizza, desserts, and health-focused food. In FY25, desserts led revenue with Rs 196 crore, followed by pizza (Rs 183 crore), Indian meals (Rs 178 crore), and healthy meals (Rs 176 crore). While desserts and pizza grew 18% and 95% YoY, respectively, the healthy segment declined by 13%. The Bengaluru-based company added Rs 29 crore from interest on financial assets which pushed its total income to Rs 775 crore in FY25. On the expense side, the cost of materials accounted for the largest share at Rs 273 crore, followed by employee benefit expenses at Rs 180 crore and commissions at Rs 137 crore. Advertising costs jumped significantly by over 64% to Rs 87 crore. Overall, the company’s total expenditure stood at Rs 944 crore in FY25, rising by 17% from Rs 807 crore in FY24. Despite the revenue growth, Curefoods’ loss remained flat at Rs 170 crore in FY25 from Rs 173 crore in FY24. Its ROCE and EBITDA margin stood at -19% and -7.5%, respectively. On a unit level, the company spent Rs 1.27 to earn a rupee of operating revenue in FY25. As of March 2025, the Ankit Nagori-led company had current assets worth Rs 339 crore in FY25, including Rs 80 crore in cash and bank balances. Curefoods’ founder Nagori is entitled to an annual fixed remuneration of Rs 3 crore (inclusive of perquisites and retirement benefits) and an annual variable bonus of up to 20% of his remuneration. Curefoods’ operational performance improved in FY25, with average daily sales rising to Rs 2 crore from Rs 1.5 crore in FY24, amid strong consumer demand across its brands. Among its 10 key brands, Sharief Bhai, EatFit, and CakeZone led revenue with Rs 148 crore, Rs 145 crore, and Rs 102 crore, respectively. The company also added new revenue streams through the launch of Krispy Kreme operations in South, West, and North India, with Rs 15 crore in revenue in FY25 after acquiring the franchise rights. The improving numbers certainly indicate a level of maturity for the business, prompting the move to go public as well. However, risks remain, particularly in the performance of the ‘Healthy Foods’ segment and now, the Krispy Kreme franchise, which has not quite delivered in India, and continues to face a tough challenge to crack the local market. Curefoods and its multi-brand approach remains to be tested, especially with profits still distant, and H1 of FY26 will probably be a good time to evaluate if the firm has discovered a path to profitability.

Atomberg revenue grows 31% to Rs 848 Cr in FY24

EntrackrEntrackr · 10m ago
Atomberg revenue grows 31% to Rs 848 Cr in FY24
Medial

Consumer appliances brand Atomberg reported over 31% growth in its operating revenue in the fiscal year ending March 2024. At the same time, the Mumbai-based firm also reduced losses by 31.7% during this period. Atomberg’s revenue from operations rose 31.5% to Rs 848 crore in FY24 from Rs 645 crore in the previous fiscal year, according to its press release. This growth indicates strong performance in its core product segment: fans, which contributed Rs 841 crore to its coffers. Atomberg’s product portfolio includes energy-efficient brushless direct current (BLDC) and smart fans, mixer grinders, and smart locks. It claims to have sold more than 8 million units to date. The non-fan segment, however, earned only Rs 7 crore during FY24. The company expects significant growth in these areas in FY25, driven by positive sales trends in its kitchen and lock products. The company also reported an improvement in its operating results, with operational EBITDA moving from a loss of Rs 49 crore to Rs 22 crore in FY24, narrowing the EBITDA margin from -8% to -3%. Backed by A91 Ventures, Atomberg improved its financials, reducing losses by 31.7% in the last fiscal year. According to the company, losses fell from Rs 202 crore in FY23 to Rs 138 crore in FY24. The difference between operational EBITDA and reported losses was attributed to non-operational expenses, including ESOP grants, management bonuses, and costs related to fundraising activities. In the e-commerce market, Atomberg retained its position as a key seller on major online marketplaces. The company also made substantial investments in research and development (R&D) during the year to introduce new products, including fans and mixers. Founded by Manoj Meena and Sibabrata Das in 2012, Atomberg has raised $130 million to date, including an $86 million Series C funding round led by Temasek and Steadview Capital in May last year.

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

EntrackrEntrackr · 3m 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.

Swiggy crosses Rs 4,000 Cr revenue in Q3 FY25, InstaMart grows 2.1X

EntrackrEntrackr · 7m ago
Swiggy crosses Rs 4,000 Cr revenue in Q3 FY25, InstaMart grows 2.1X
Medial

Swiggy crosses Rs 4,000 Cr revenue in Q3 FY25, InstaMart grows 2.1X Swiggy’s food delivery business continues to be a major contributor, accounting for 34.23% of the total collection in Q3 FY25. Foodtech and quick commerce major Swiggy has managed a 31% year-on-year growth in its operating revenue which spiked to Rs 3,993 crore during Q3 FY25 as compared to Rs 3,048 crore in Q3 FY24. Swiggy’s food delivery business continues to be a major contributor, accounting for 34.23% of the total collection in Q3 FY25. Revenues from this vertical grew 3% to Rs 1,367 crore from Rs 1,326 crore in Q3 FY24. The company’s quick commerce segment also saw remarkable growth, with revenue surging by 113% to Rs 576 crore in Q3 FY25 from Rs 270 crore in Q3 FY24. The segment's gross order value (GOV) growth was driven by an increase in order frequency and the addition of new dark stores, contributing significantly to the company’s overall revenue.

MapMyIndia posts Rs 122 Cr revenue in Q1 FY26, profit grows 28%

EntrackrEntrackr · 1m ago
MapMyIndia posts Rs 122 Cr revenue in Q1 FY26, profit grows 28%
Medial

CE Info Systems, the parent company of MapMyIndia, has announced its financial results for the first quarter of FY26. The company reported a year-on-year revenue growth of over 21% compared to Q1 FY25. MapMyIndia’s revenue from operations increased to Rs 122 crore in Q1 FY26 from Rs 101 crore in Q1 FY25, according to its consolidated quarterly report sourced from the National Stock Exchange (NSE). On a quarter-on-quarter basis, MapMyIndia’s operating revenue fell 15% to Rs 122 crore in Q1 FY26 from Rs 144 crore in Q4 FY25. Income from digital map data, GPS navigation, location-based services, and IoT was the primary source of revenue for MapMyIndia, accounting for 93% of the total collection. This revenue source increased by 23% to Rs 114 crore in Q1 FY26. However, income from the sale of its devices generated Rs 8 crore in the quarter ending June 2025. The cost of IoT devices, employee benefits, and outsourced technical services were the major cost elements, pushing the total cost of the firm to Rs 73 crore in Q1 FY26, up from Rs 64 crore in Q1 FY25. With the increase in scale, MapMyIndia recorded a 28% increase in its profit to Rs 46 crore during Q1 FY26, compared to Rs 36 crore in the first quarter of the previous fiscal year. The company’s EBITDA stood at Rs 68 crore for the quarter. In Q1 FY26, MapMyIndia invested Rs 25 Cr to raise its stake in IoT subsidiary Gtropy Systems from 75.98% to 96%, reinforcing its focus on fleet tech and telematics. It also invested Rs 25 Cr in Zepto, acquiring a 0.049% stake to strengthen its presence in the fast-growing quick commerce space. At the end of the day on 7th Aug 2025, MapMyIndia closed at Rs 1,759.9 per share, with a market capitalization of Rs 10,040 crore ($1.09 billion).

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