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Mahanagar Gas expects to spend Rs 950 crore in FY25: MD Ashu Shinghal

Money ControlMoney Control · 1y ago
Mahanagar Gas expects to spend Rs 950 crore in FY25: MD Ashu Shinghal
Medial

Mahanagar Gas Limited (MGL) plans to spend approximately Rs 950 crore in FY25 to enhance its infrastructure, including the construction of around 50 CNG pumps. The company aims to expand its geographical reach in Maharashtra and Karnataka after acquiring Unison Enviro Private Limited. MGL is also focusing on clean energy initiatives and is involved in partnerships for compressed biogas, liquefied natural gas stations, and electric vehicles. The FY25 capex will be funded through internal accruals. Despite scrutiny from the Petroleum and Natural Gas Regulatory Board, MGL has surpassed the targets for domestic PNG connections. The company is currently seeking an extension of its infrastructure exclusivity in Mumbai.

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PhysicsWallah spent Rs 1,426 Cr on salaries in FY25; Offline ARPU stood at Rs 40,405

EntrackrEntrackr · 1m ago
PhysicsWallah spent Rs 1,426 Cr on salaries in FY25; Offline ARPU stood at Rs 40,405
Medial

Fintrackr All Stories PhysicsWallah spent Rs 1,426 Cr on salaries in FY25; Offline ARPU stood at Rs 40,405 PhysicsWallah has filed draft papers with SEBI to raise Rs 3,820 crore through IPO. Its financial statement shows the company significantly narrowing its losses on the back of strong revenue growth across online, offline, and hybrid channels. PW’s operating revenue grew nearly 49% to Rs 2,887 crore in FY25 from Rs 1,941 crore in FY24. Income from coaching services remained the largest contributor at Rs 2,498.5 crore, with the online segment rising 45.5% to Rs 1,404 crore in FY25 from Rs 965 crore in FY24, while offline coaching grew 45.7% to Rs 1,352 crore from Rs 928 crore. The Average Revenue Per User (ARPU) in its offline channel has steadily improved from Rs 34,467 in FY23 to Rs 40,405 in FY25. The offline channel now contributes nearly 47% of the top line. Revenue from hostel fees and transportation added Rs 88 crore, and the sale of products jumped 74% to Rs 259 crore in FY25. India remained the core market contributing Rs 2,851 crore or 98.75% of the total operating revenue, while Dubai and the USA collectively accounted for Rs 36 crore or 1.25%. PhysicsWallah employed 5,096 faculty members in FY25, a 40% increase from 3,654 in FY24. Of these, 4,207 were permanent teachers while 889 were hired on a contractual basis. To support the larger base of faculty and other staff, the company’s spend on salaries grew nearly 28% to Rs 1,426 crore in FY25, accounting for 44% of its overall expenditure. Marketing expenses stood at Rs 448 crore for FY25. The company also spent Rs 123 crore on materials and Rs 366 crore on depreciation. Overall, PhysicsWallah kept its spending broadly flat at Rs 3,265 crore in FY25 as against Rs 3,279 crore in FY24. With controlled expenses and growing revenue, PW managed to bring down its burn significantly by 78.5% to Rs 243 crore in FY25 from Rs 1,131 crore in FY24. The company reported a positive EBITDA of Rs 192.5 crore in FY25 with an EBITDA margin of 6.33%. The company’s ROCE stood at -6.37%. On a unit level, the firm spent Rs 1.13 to earn a rupee in FY25, a sharp improvement from Rs 1.69 in FY24. The company reported current assets worth Rs 2,237 crore as of March 2025, including Rs 175 crore in cash and bank balances. The company disclosed a political contribution of Rs 37 lakh during FY25. As per DRHP, co-founders Alakh Pandey and Prateek Boob hold the largest stakes in the company at 40.35% each, followed by WestBridge Capital with 7.8%, while Hornbill Capital, GSV Ventures, and Lightspeed hold 4.42%, 2.85%, and 1.79%, respectively. PhysicsWallah acquired a 40% stake in UPSC coaching institute Sarrthi IAS.

Infibeam Avenue reports 43% growth in PAT in Q1 FY25

EntrackrEntrackr · 1y ago
Infibeam Avenue reports 43% growth in PAT in Q1 FY25
Medial

Fintech firm Infibeam Avenues on Friday released its financial results for the first quarter of the ongoing fiscal year (Q1 FY25). The company witnessed a 3.6% increase in gross revenue whereas its profit spiked 43% growth during the quarter ending June 2025. Infibeam Avenues’s gross revenue grew to Rs 753 crore in Q1 FY25 from Rs 727 crore in Q4 FY24, according to the company’s unaudited consolidated quarterly report filed with the National Stock Exchange. The payment business formed 93.6% of the total revenue which stood at Rs 705 crore in Q1 FY25 while the income from providing customized e-commerce solutions brought Rs 39.3 crore to its coffers. Infibeam claims to have over 10 million merchants, with an average daily addition of more than 2,550 merchants in Q1 FY25. At the end, its other operating and financial income pushed Infibeam Avenues’ overall revenue to Rs 781 crore in Q1 FY25 from Rs 743 crore in Q4 FY24. On the cost front, the operating expenses (including payment processing cost) formed 90% of the overall expenditure. This cost remained flat at Rs 634 crore in Q1 FY25. The firm’s spending on employee benefits, legal, and other overheads took its overall cost up by 3.5% to Rs 703 crore in Q1 FY25 from Rs 679 crore in Q4 FY24. The increase in other income and consistent growth in scale helped Infibeam to register a 42.9% spike in its profits to Rs 70 crore in Q1 FY25 from Rs 49 crore in Q4 FY24. On a unit level, The Ahmedabad-based company spent Rs 0.93 to earn rupee in Q1 FY25. The company also acquired a majority stake (54%) in Rediff.com. The acquired company will become a subsidiary of Infibeam Avenue. “With this synergy, we are poised to unlock new dimensions of growth, redefining the essence of cloud and fintech engagement,” said Vishal Mehta, Chairman and MD of Infibeam Avenues. Infibeam Avenue is currently trading at Rs 32.42 (as of 03.00 PM) and its total market capitalization stood at Rs 9,019 crore or $1.1 billion.

L'Oréal India’s profit jumps 23% to Rs 597 Cr in FY25

EntrackrEntrackr · 26d ago
L'Oréal India’s profit jumps 23% to Rs 597 Cr in FY25
Medial

L'Oréal India’s profit jumps 23% to Rs 597 Cr in FY25 L'Oréal India managed single-digit year-on-year revenue growth for the fiscal year ending March 2025. However, the Indian arm of the French cosmetics major increased its profit after tax (PAT) by 20% in FY25, approaching the Rs 600 crore threshold. The company’s revenue from operations rose 6% to Rs 5,925 crore in the fiscal year ending March 2025, compared to Rs 5,576 crore in FY24, as per its financial statements filed with the Registrar of Companies (RoC). The company made 96% of its revenue from the sale of products, which contributed Rs 5,687 crore to the operating revenue in FY25, which increased 6% from Rs 5,368 crore in FY24. Income from services, which includes contract research and innovation income along with service recharge income, grew 15.5% to Rs 234 crore. Advertising expenses continued to dominate the cost structure, accounting for 32% of the overall spend, though it contracted 3% to Rs 1,663 crore in FY25 from Rs 1,714 crore in FY24. Cost of material consumed grew 6% to Rs 1,329 crore, making up 26% of the expenditure, while employee benefits rose 8.3% to Rs 576 crore during the last fiscal year. Other expenses, including transportation and miscellaneous overheads, stood at Rs 1,445 crore during the year. Overall, total expenses inched up by just 2.8% to Rs 5,162 crore in FY25 from Rs 5,023 crore in FY24. With the company’s revenue growth outpacing expense, L'Oréal India increased its profit by 23% to Rs 597 crore in FY25. Its ROCE and EBITDA margin stood at 86.85% and 15.57%, respectively. On a per-unit basis, L'Oréal India spent Rs 0.87 to earn a rupee of operating revenue in FY25, an improvement over Rs 0.90 in FY24. The company closed the last fiscal year with Rs 515 crore in cash and bank balances, while current assets grew to Rs 2,045.

Purple Style Labs’ revenue remains flat in FY25; losses up 36%

EntrackrEntrackr · 1m ago
Purple Style Labs’ revenue remains flat in FY25; losses up 36%
Medial

Purple Style Labs’ revenue remains flat in FY25; losses up 36% Purple Style Labs (PSL), the parent company of luxury fashion platform Pernia’s Pop-Up Shop, has filed DRHP with SEBI to raise Rs 660 crore through IPO. Its financial statement shows the company’s losses widened sharply, largely driven by Rs 123 crore of ESOP-related expenses. Purple Style Labs’ operating revenue contracted 2.8% to Rs 490 crore in FY25 from Rs 504 crore in FY24, according to its restated consolidated financial statement included in the draft red herring prospectus (DRHP). The company generates revenue from the sale of products through its omni-channel PPUS platform, as well as from logistics, styling, and other ancillary services. Revenue from sale of goods decreased modestly to Rs 483 crore in FY25. This decline was a strategic decision to reduce lower-value products, which successfully led to a 42% increase in the average order value (AOV) to Rs 56,106. Meanwhile, revenue from services dropped 58% to Rs 65 crore in FY25, as the company pulled back on consulting, styling, IT, and other support services. PPUS’ gross merchandise value (GMV) grew 26% to Rs 588.3 crore in FY25 against Rs 466 crore in FY24. Geographically, India remained PPUS’ largest market with GMV of Rs 421 crore, followed by the US at Rs 97 crore, the UK at Rs 37 crore, and the rest of the world at Rs 33 crore. While India and the UK grew modestly, GMV from the US and other markets contracted. On the cost side, cost of materials remained the largest expense, accounting for nearly 51% of the total expense. To the tune of scale, this expense decreased by 4.5% to Rs 284 crore in FY25 from Rs 297.5 crore in FY24, while employee benefit costs increased 12% to Rs 66 crore. Finance costs surged 29% to Rs 53 crore and depreciation rose 43% to Rs 55 crore. Notably, sales and marketing spend fell 39% to Rs 33 crore in FY25. Overall, PSL reported total expenses of Rs 560 crore in FY25 versus Rs 558 crore in FY24. With the company’s revenue declining, its loss spiked 4X to Rs 188.5 crore in FY25 compared to Rs 48 crore in FY24. Notably, the company booked Rs 123 crore as an exceptional item towards employee stock option (ESOP) expenses. Excluding this, its FY25 loss would have been Rs 65.5 crore, a 36% year-on-year increase. Its ROCE and EBITDA Margin stood at -4.68% and 8.60% respectively. On a unit level, PSL spent Rs 1.14 to earn a rupee of revenue in FY25, compared to Rs 1.10 in FY24. The company recorded current assets worth Rs 256 crore in FY25, including Rs 10 crore in cash and bank balances and inventory worth Rs 160 crore. As per the DRHP, founder Abhishek Agarwal holds 27.1% in the company, while investors including Volrado Venture Partners (2.9%), Abhinav Agarwal (2.25%), and Singularity Growth Opportunities Fund (1.93%) own smaller stakes.

BharatPe turns EBITDA profitable in FY25, revenue touches Rs 1,667 Cr

EntrackrEntrackr · 1m ago
BharatPe turns EBITDA profitable in FY25, revenue touches Rs 1,667 Cr
Medial

BharatPe’s revenue from operations grew by 16.9% to Rs 1,667 crore in FY25 from Rs 1,426 crore in FY24, its consolidated annual financials accessed by Entrackr show. Fintech unicorn BharatPe witnessed a turnaround in the previous fiscal year as it recorded steady growth in scale while achieving EBITDA profitability. The company also managed to significantly cut down its losses, which shrank by over 80% during FY25. BharatPe’s revenue from operations grew by 16.9% to Rs 1,667 crore in FY25 from Rs 1,426 crore in FY24, its consolidated annual financials accessed by Entrackr show. Service fee income, which includes processing charges, commission on loan transactions, and rental income from the sale of machines and loudspeakers, remained the largest revenue driver for BharatPe, contributing 77.6% of operating revenue. This stream grew 15.8% year-on-year to Rs 1,456 crore in FY25. Revenue from the NBFC business rose to Rs 211 crore in FY25 from Rs 165 crore in FY24. Moreover, the company booked Rs 67 crore in non-operating income, pushing its total revenue to Rs 1,734 crore during the year. For BharatPe, transaction processing expenses accounted for 20.8% of the overall cost base at Rs 391 crore in FY25. Employee benefits remained steady at Rs 360 crore, which includes Rs 148.5 crore as ESOP (share-based payments). Its advertising spend saw a sharp 84% reduction to Rs 26 crore during the year. Other overheads, including outsourced services, merchant onboarding, and IT expenses, pushed the company’s total expenditure to Rs 1,876 crore in the fiscal year ending March 2025. The decent growth in scale, coupled with an effective cost mechanism, helped BharatPe to reduce its losses by 82.1% to Rs 88 crore in FY25 from Rs 492 crore in FY24. Notably, BharatPe reported a positive EBITDA of Rs 47 crore in FY25. Stripping out ESOP-related expenses, the company’s adjusted EBITDA would stand at Rs 195.5 crore for the year. BharatPe’s ROCE and EBITDA margins also improved to -3.8% and 2.82% respectively, in FY25. On a unit level, it spent Rs 1.13 to earn a rupee in FY25. At the end of the previous fiscal year, the company had total current assets of Rs 2,685 crore with cash and bank balances of Rs 872 crore. Earlier this month, BharatPe facilitated its first secondary transaction since 2021 at a valuation of $2.85 billion. To date, the fintech unicorn has raised over $650 million in equity and debt from investors such as Tiger Global, Dragoneer Investment Group, Steadfast Capital, Coatue, and others.

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