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

EntrackrEntrackr · 1m 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 · 5m 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).

Skillmatics slips into losses in FY25; revenue up by 39%

EntrackrEntrackr · 22d ago
Skillmatics slips into losses in FY25; revenue up by 39%
Medial

Skillmatics slips into losses in FY25; revenue up by 39% Direct to consumer (D2C) educational product brand Skillmatics has managed to grow its operating scale by 39% during the fiscal year ending March 2025. However, the Mumbai-based firm slipped into losses due to higher employee costs in the same period. Skillmatics’ operating revenue grew 39% to Rs 103 crore in FY25 from Rs 74 crore in FY24, according to its financial statement filed with the Registrar of Companies (RoC). Founded in 2016, Skillmatics develops educational products and games for children aged under 10. Sale of these educational products accounted for 89% of the operating revenue. Including non-operating income of Rs 8.6 crore, its total income stood at Rs 111.6 crore during the year. Geographically, India accounted for 62% of the product sale which increased by 87% to Rs 58 crore in FY25. The remaining 38% of the product sale came from outside India which decreased by 16% to Rs 36 crore in FY25. The company’s expenses rose by 39% to Rs 114 crore in FY25 from Rs 82 crore in FY24. The largest cost component was cost of materials, which formed 44% of the total spend, growing 22% to Rs 50 crore in FY25 from Rs 41 crore in FY24. Employee benefits saw a 41% rise to Rs 24 crore, while charges doubled to Rs 18 crore. Other notable expenses included packing, storage & transportation (Rs 8 crore), product listing fees (Rs 3 crore), and other overheads (Rs 11 crore). The spike in expenses pushed Skillmatics into losses, with the company posting a net loss of Rs 2.5 crore in FY25 as against a profit of Rs 40 lakh in FY24. Its ROCE and EBITDA margin stood at -5.66% and -10.10%, respectively. On a unit level, Skillmatics spent Rs 1.11 to earn a rupee of operating revenue, a ratio that remained unchanged from the previous fiscal year. At the same time, cash and bank balances stood at Rs 45 crore, while current assets were valued at Rs 107 crore in FY25. According to TheKredible, Skillmatics has raised around $24 million of funding till date, having Peak XV Partners and Sofina as its lead investors. The company’s co-founders Dhvanil Sheth and Devanshi Kejriwal own 44% of the company.

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