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Enkash’s revenue nosedives 77% in FY25, halves losses

EntrackrEntrackr · 18d ago
Enkash’s revenue nosedives 77% in FY25, halves losses
Medial

Enkash saw its revenue plunge 77% in the fiscal year ending March 2025 due to a sharp fall in service income. However, the Mayfield-backed firm managed to cut its loss by more than half during the said fiscal year. Enkash’s operating revenue fell to Rs 71 crore in FY25 from Rs 304 crore in FY24, according to its consolidated financial statements filed with the Registrar of Companies (RoC). Enkash offers virtual corporate credit cards, expense management software, and other financial services to help SMEs manage their cash flows and expenses efficiently. The firm derives the majority of its revenue from this service, which dropped by 77% to Rs 68 crore in the last fiscal year from Rs 299 crore a year ago. Income from fees and services also slipped 40% to Rs 3 crore during the period. Including non-operating income of Rs 6 crore, Enkash’s total income stood at Rs 77 crore in FY25 as compared to Rs 308 crore in FY24. The company’s total costs declined 73% to Rs 94 crore in FY25 from Rs 345 crore in FY24. Gift cards purchased formed the largest cost center, contributing nearly 66% of the overall expenses. This expense category fell 73% to Rs 62 crore in FY25 from Rs 233 crore in FY24. Employee benefit costs shrank 44% to Rs 23.5 crore in FY25 from Rs 42 crore in FY24, while other expenses dropped steeply by 89% to Rs 7.5 crore. Despite the drastic revenue fall, Enkash managed to cut down its losses with the help of reduced expenses. The company controlled its loss by 54% to Rs 17 crore in FY25 from Rs 37 crore in FY24. Its ROCE and EBITDA margin stood at -37.70% and -32.25%, respectively. On a unit level, Enkash spent Rs 1.32 to earn a rupee of operating revenue during FY25, compared to Rs 1.13 in FY24. The company had cash and bank balances of Rs 25 crore at the end of March 2025, while its current assets were recorded at Rs 68 crore. According to startup data intelligence platform TheKredible, Enkash has raised a total of $23.5 million of funding till date, having Ascent Capital, Axilor Ventures, and Mayfield as its lead investors. Its founder Yadvendra Tyagi owns 10.28% of the company.

EaseMyTrip revenue declines 15% in Q4 FY25

EntrackrEntrackr · 5m ago
EaseMyTrip revenue declines 15% in Q4 FY25
Medial

EaseMyTrip revenue declines 15% in Q4 FY25 Online travel aggregator (OTA) platform EaseMyTrip saw a slight year-on-year decline in both revenue and profit during the fourth quarter of FY25, indicating stagnant growth during the period. EaseMyTrip’s operating revenue decreased by 15% to Rs 139 crore in Q4 FY25 from Rs 164 crore in Q4 FY24, as per its consolidated financial statements filed with the National Stock Exchange (NSE). For the full fiscal year (FY25), EaseMyTrip’s operating revenue remained stable at Rs 587 crore in FY25 as compared to Rs 590 crore in FY24. Air ticketing contributed 68% to the company’s revenue but declined by 28% to Rs 94 crore in Q4 FY25, down from Rs 132 crore in Q4 FY24. Meanwhile, hotel packages accounted for 16.5% of the total revenue, bringing in Rs 23 crore. To the tune of scale, its total expense increased by 12% to Rs 131 crore in Q4 FY25 from Rs 117 crore in Q4 FY24. Service cost, payment gateway, employee benefit and costs were other major overheads for EaseMyTrip during the last quarter. For the full fiscal year ending March 2025, the total expenses rose to Rs 460 crore. EaseMyTrip booked profit before tax (PBT) of Rs 12 crore in Q4 FY25 as compared to a loss of Rs 17 crore in Q4 FY24. During FY25, the firm’s profit before tax stood at Rs 143 crore in FY25 from Rs 142 crore in FY24. EaseMyTrip closed the last trading session at Rs 11.28, with a 0.71% increase in its share price. The company’s total market capitalization stood at Rs 3,997 crore.

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