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ONDC’s FY25 loss narrows to Rs 147 crore even as expenses stay high, revenue more than doubles - The Economic Times

Economic Times

Economic Times · 1m ago

ONDC’s FY25 loss narrows to Rs 147 crore even as expenses stay high, revenue more than doubles - The Economic Times

The Open Network for Digital Commerce (ONDC) reported a significant revenue increase of over 127% in FY25, reaching Rs 33.41 crore compared to Rs 14.7 crore the previous year. Despite this growth, ONDC remains unprofitable, with net losses narrowing to Rs 147.13 crore from Rs 195.6 crore. Total expenses decreased to Rs 180.54 crore, indicating successful cost rationalization. The network saw increasing retail order facilitation and is experiencing ongoing expansion and cash burn reduction.

Related News

PhonePe narrows loss in FY25 as revenue jumps 40% to Rs 7,115 crore - The Economic Times

Economic Times

Economic Times · 3m ago

PhonePe narrows loss in FY25 as revenue jumps 40% to Rs 7,115 crore - The Economic Times

PhonePe, backed by Walmart, reduced its net loss by 13.4% to Rs 1,727.4 crore in FY25, while revenue surged 40.4% to Rs 7,114.8 crore. Operating as an online payment aggregator after RBI's authorization, PhonePe's payment services contributed 85% to its revenue. Despite rising expenses, including payment processing charges, the company processes over 360 million transactions daily and plans an IPO. PhonePe has over 650 million users and a vast merchant network.

Cloudy skies for Cleartrip: revenues jump 69%, but losses are substantial - The Economic Times

Economic Times

Economic Times · 3m ago

Cloudy skies for Cleartrip: revenues jump 69%, but losses are substantial - The Economic Times

Cleartrip, an online travel platform owned by Flipkart, reported a 69% rise in operating revenue to Rs 169 crore in FY25. Despite this growth, the company faced a substantial net loss of Rs 651 crore, although it was lower than the previous year's loss of Rs 810 crore. High expenses, including employee benefits and finance costs, contributed to its financial challenges. Discounts and cashbacks further weighed down overall income, affecting financial performance.

CoinSwitch’s FY25 Loss More Than Doubles To $37.6 Mn

Inc42 · 2m ago

CoinSwitch’s FY25 Loss More Than Doubles To $37.6 Mn

CoinSwitch's net loss for FY25 widened by 108% to $37.6 million from $18.1 million in FY24, despite a significant increase in revenue. The company's revenue from operations surged 219% to $14.6 million during the year under review, up from $4.6 million in FY24. However, total expenses also increased by 55% to $59.2 million compared to the previous fiscal year's $38.2 million, contributing to the widening net loss.

Edtech unicorn LEAD Group narrows losses, stabilises core business in FY25

YourStory

YourStory · 5m ago

Edtech unicorn LEAD Group narrows losses, stabilises core business in FY25

LEAD Group, an edtech unicorn, reduced its net loss by 69.5% to Rs 42.76 crore in FY25 and achieved a positive operating EBITDA of Rs 4.03 crore before ESOP expenses, reversing the previous year's Rs 105.75 crore loss. The company reported a 30% increase in Annual Recurring Revenue (ARR) and aims for profitability by FY27. Cost reductions, improved retention, and innovation in AI and technology contributed to its financial turnaround.

Kuku FM’s FY25 revenue nearly triples to Rs 242 crore; net loss rises 59% - The Economic Times

Economic Times

Economic Times · 18d ago

Kuku FM’s FY25 revenue nearly triples to Rs 242 crore; net loss rises 59% - The Economic Times

Kuku FM, an audio and video content platform, reported a 175% increase in operating revenue to Rs 242 crore for FY25, despite a 59% rise in net loss to Rs 153 crore. Total expenses more than doubled to Rs 411 crore due to increased advertising and marketing spending. The company, with over 10 million paying subscribers, recently closed an $85 million funding round and is preparing for a potential IPO.

Yatra profit spikes 2.7X in Q4 FY25; revenue doubles

Entrackr

Entrackr · 7m ago

Yatra profit spikes 2.7X in Q4 FY25; revenue doubles

Yatra's profit surged 2.7 times in Q4 FY25, with revenue doubling year-on-year. Revenue from operations increased to Rs 219 crore in Q4 FY25 from Rs 108 crore in Q4 FY24. For FY25, operating revenue rose 87% to Rs 791 crore from Rs 422 crore in FY24. Total income for Q4 FY25 was Rs 228 crore, and FY25 total income stood at Rs 823 crore. Expenses totaled Rs 215 crore in Q4 FY25 and Rs 788 crore for FY25. The company's profit reached Rs 15 crore in Q4 FY25, up from Rs 5.5 crore in Q4 FY24. For FY25, Yatra reported a profit of Rs 36.5 crore against a loss of Rs 4.5 crore in FY24. Yatra's share price is Rs 98.23, with a market capitalization of Rs 1,541 crore.

InsuranceDekho’s Net Loss Narrows 29% To INR 51.5 Cr In FY23

Inc42 · 2y ago

InsuranceDekho’s Net Loss Narrows 29% To INR 51.5 Cr In FY23

InsuranceDekho, the insurance arm of CarDekho, has reported a 29% decrease in net loss for FY23. The company's operating revenue doubled to INR 96.4 Cr, contributing to this improvement. Total expenses increased by 25% to INR 151.8 Cr, with employee benefits being the largest expenditure. InsuranceDekho aims to break even by the end of the next financial year.

Unicorn Startup Spinny Narrows Losses in FY25 as Revenue Rises 25%

StartupTalky

StartupTalky · 3m ago

Unicorn Startup Spinny Narrows Losses in FY25 as Revenue Rises 25%

Spinny, a used-car retailer, demonstrated strong financial improvements in FY25 with a 25% revenue rise to INR 4,657 crore and a net loss reduction by 28% to INR 424 crore. The company achieved this by enhancing margins, controlling expenses, and optimizing operations. Its cost-saving measures included reduced employee and finance costs. Spinny also secured $170 million in funding, which supports its path towards profitability amid significant competition in India’s expanding used-car market.

Eruditus FY24 Ebitda loss narrows, founder cites focus on profitability

Economic Times

Economic Times · 9m ago

Eruditus FY24 Ebitda loss narrows, founder cites focus on profitability

Eruditus, the executive education startup backed by SoftBank, reported slower revenue growth of 12% to Rs 3,733 crore in FY24 but significantly reduced its operating loss to Rs 69 crore from Rs 417 crore in the previous year. Founder Ashwin Damera attributed this improvement to decreased marketing expenses and the pruning of less successful courses. The company aims for 15% growth in FY25, focusing on its enterprise and India businesses, which are expanding at 40% annually.

Medibuddy posts Rs 725 Cr revenue in FY25, narrows losses by 37%

Entrackr

Entrackr · 19d ago

Medibuddy posts Rs 725 Cr revenue in FY25, narrows losses by 37%

MediBuddy posts Rs 725 Cr revenue in FY25, narrows losses by 37% Following more than 2X growth in the fiscal year ending March 2024, digital healthcare platform MediBuddy reported modest growth in its operating scale in FY25, while managing to narrow its losses by 37% during the period. MediBuddy's operating revenue grew 12.3% year-on-year to Rs 724.6 crore in FY25 from Rs 645.4 crore in the previous fiscal year (FY24), according to the company's annual financial statements filed with the Registrar of Companies (RoC). MediBuddy, a digital healthcare platform, provides online and offline medical consultations, medicine delivery, lab tests, surgeries, and insurance services, with revenue from these forming the primary source of income at Rs 722 crore, supplemented by Rs 2.5 crore from other operating sources. The company also earned Rs 18.42 crore from non-operating sources, including interest on fixed deposits and current investments, written-off liabilities, and other miscellaneous income, pushing its total income to Rs 743 crore in FY25. On expenses, the cost of materials was the largest at 38% of total expenses, standing at Rs 333 crore. Employee benefits expenses rose marginally by 8% to Rs 176.8 crore, including Rs 6 crore in ESOP expenses. Sales payout expenses, including commissions to selling agents, fell 7% to Rs 155.47 crore. The company spent Rs 42.5 crore on safety and security and Rs 32.5 crore on IT. Other overheads, including legal and professional fees, advertising, depreciation and amortization, and finance costs, amounted to Rs 138.7 crore. Overall expenses for the Bengaluru-based firm remained flat at Rs 879 crore, with controlled expenditure and a 12% rise in revenue helping to narrow losses by 37% to Rs 137 crore from Rs 215.7 crore in FY24. On a unit basis, MediBuddy spent Rs 1.21 to earn one rupee of operating revenue, with its EBITDA margin improving to -14.19% in FY25 from -25.67% in the previous year, resulting in an EBITDA loss of Rs 103 crore. As of March 2024, MediBuddy's current assets were Rs 395.2 crore, including cash and bank balances of Rs 80 crore. MediBuddy has raised over $190 million to date, last raising $18 million in August 2023 from existing investors Quadria Capital, Lightrock, and TEAMFund. It competes with companies including Pristyn Care-owned Lybrate, Practo, and mFine Tata 1mg.

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