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

EntrackrEntrackr · 5m 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.

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Cleartrip spent Rs 608 Cr on discount and cashbacks for Rs 169 Cr net revenue in FY25

EntrackrEntrackr · 4m ago
Cleartrip spent Rs 608 Cr on discount and cashbacks for Rs 169 Cr net revenue in FY25
Medial

Cleartrip, Flipkart-owned online travel aggregator (OTA), narrowed its losses by 20% in FY25 on the back of 70% revenue growth, though losses remained high at Rs 651 crore. Flipkart-owned online travel aggregator (OTA) Cleartrip improved its financial performance in the fiscal year ending March 2025, with revenue growing 70% and losses declining 20%. However, the company spent over Rs 600 crore on discounts and cashbacks to achieve this scale. Cleartrip’s net operating revenue surged 70% to Rs 169.3 crore in FY25 from Rs 99.7 crore in FY24, according to its annual filings with the Registrar of Companies (RoC). Cleartrip generated Rs 516.46 crore from service income in FY25, recording a 40% growth over FY24. It also earned Rs 248.38 crore from commissions and incentives, along with Rs 12.7 crore from other operating services. However, heavy discounts and cashbacks of Rs 608.2 crore during the year pulled its net operating revenue down to Rs 169.3 crore. On the cost side, employee benefits were Cleartrip’s largest expense, accounting for 27% of total burn. These costs fell 40% in FY25 from Rs 400.5 crore in FY24. This includes Rs 52.65 crore in non-cash ESOP expenses. Excluding ESOPs, spending on salaries and wages stood at Rs 186.6 crore in the fiscal year ended March 2025. Cleartrip spent Rs 102.16 crore on advertising and marketing in FY25, while commissions and brokerage costs surged over 80% to Rs 128.75 crore from Rs 70 crore in FY24. Finance costs also rose 50% to Rs 143.2 crore, and the company incurred Rs 78.65 crore in payment gateway charges. Other overheads, including outsourcing, IT, and legal and professional services, pushed Cleartrip’s total expenses to Rs 885.8 crore in FY25, down over 10% from Rs 990.7 crore in FY24. The Mumbai-based company’s 70% increase in revenue and control in its expenses led the company to cut its losses by 20% to Rs 651 crore in FY25, compared to Rs 810.3 crore, while its EBITDA margin stood at -334.78%. On a unit basis, it spent Rs 5.23 to earn a rupee of operating revenue in FY25 which improved from around Rs 10 in FY24. As of March 2025, the company’s current assets stood at Rs 709.8 crore, including cash and bank balances of Rs 71.6 crore. Cleartrip has become somewhat of an oddity in the Flipkart stable. Flipkart, which made almost Rs 6,400 crores from advertising in FY25, has not really done much with the OTA other than slap it on as a travel offering. But at these margins, does it even make sense? Would Flipkart be better off renting out the space to some other independent travel operator?

Kapiva spends Rs 188 Cr on advertising in FY25; posts Rs 342 Cr revenue

EntrackrEntrackr · 1m ago
Kapiva spends Rs 188 Cr on advertising in FY25; posts Rs 342 Cr revenue
Medial

Kapiva sustained its strong growth momentum in the fiscal year ended March 31, 2025, as revenue rose nearly 50% year on year. However, higher incremental spending during the year weighed on the bottom line and led to a 23% increase in the company’s losses over the same period. Kapiva’s revenue from operations grew 50% to Rs 342 crore in FY25 from Rs 228 crore in FY24, according to its consolidated financial statements sourced from the Registrar of Companies (RoC). Founded in 2015, Kapiva is an ayurvedic nutrition brand offering natural and organic products in categories such as diabetes, hypertension, liver health, hormonal balance, wellness, energy, and sports nutrition. Sale of these products was the sole source of revenue for the company. Including non-operating income of Rs 7 crore, the company’s total income stood at Rs 349 crore in FY25. For the D2C brand, advertising and promotional expenditure remained the largest cost contributor, accounting for 45% of the total expense. This cost rose 53% to Rs 188 crore in FY25 from Rs 123 crore in FY24. Cost of materials consumed grew 43% to Rs 97 crore, contributing about 23% of overall costs, while employee benefit expenses increased 28% to Rs 59 crore. Transportation cost stood at Rs 22 crore, legal charges doubled to Rs 16 crore, and other overheads added another Rs 36 crore during the year. Overall, the company’s total expense rose 44% to Rs 418 crore in FY25 from Rs 290 crore in FY24. Kapiva’s net loss rose 23% to Rs 69 crore in FY25 from Rs 56 crore in FY24. Its ROCE and EBITDA margin stood at -51.41% and -20.88% respectively. On a unit level, the company spent Rs 1.22 to earn a rupee, better than Rs 1.27 it spent in FY24. The company recorded cash and bank balances of Rs 139 crore, while its current assets were valued at Rs 199 crore in the same period.

Purplle doubles operating revenue to Rs 1,367 Cr in FY25; losses shrink

EntrackrEntrackr · 29d ago
Purplle doubles operating revenue to Rs 1,367 Cr in FY25; losses shrink
Medial

Purplle doubles operating revenue to Rs 1,367 Cr in FY25; losses shrink FY25 stood out as an exceptional year for Purplle. The company more than doubled its operating revenue to Rs 1,367 crore in FY25 from Rs 680 crore in FY24, according to its consolidated financial statements sourced from the Registrar of Companies (RoC). Founded in 2012, Purplle operates through a dual business model comprising a third-party marketplace and a growing portfolio of private labels. Its owned brands include Faces Canada, Good Vibes, Alps Goodness, Carmesi, and DermDoc. The company’s online platform caters to over 10 million monthly active users, supported by nearly 20,000 offline touchpoints across India. A closer look at revenue composition shows that the sale of owned-brand products remained the primary growth engine, contributing 82.5% of operating revenue. Income from this segment surged 4X to Rs 1,129 crore in FY25. In contrast, marketing income declined 22.2% to Rs 225 crore during the year. Purplle also reported Rs 45 crore in other income, largely from interest, taking its total income to Rs 1,409 crore in FY25. Among its subsidiaries, Manash E-Commerce Private Limited emerged as the largest contributor, generating Rs 989 crore in revenue during FY25. Faces Canada contributed Rs 373 crore, while Newgen Internet Private Limited (Glamrs) added Rs 4 crore to Purplle’s operating income. On the expense front, procurement costs jumped 5.6X to Rs 671 crore in FY25. Employee benefit expenses declined by 7% to Rs 176 crore during the year. Advertising remained significant, with Purplle spending Rs 218 crore, while transportation expenses stood at Rs 100 crore. At a unit level, Purplle spent Rs 1.08 to earn every rupee of operating revenue in FY25. Its EBITDA margin and ROCE improved to -7% and -4.1%, respectively. As of March 2025, the company’s current assets stood at Rs 1,377 crore, including cash and bank balances of Rs 273 crore on a consolidated basis. To date, Purplle has raised over $500 million in funding, including a $180 million Series F round led by a subsidiary of the Abu Dhabi Investment Authority (ADIA), with participation from existing investors such as Premji Invest and Blume Ventures.

PhysicsWallah posts Rs 1,082 Cr revenue in Q3 FY26; profit grows 33%

EntrackrEntrackr · 15d ago
PhysicsWallah posts Rs 1,082 Cr revenue in Q3 FY26; profit grows 33%
Medial

PhysicsWallah posts Rs 1,082 Cr revenue in Q3 FY26; profit grows 33% Edtech unicorn PhysicsWallah delivered strong performance in Q3 FY26, in which the company posted 34% year-on-year revenue growth. The company’s profit crossed Rs 100 crore mark during the quarter. PhysicsWallah’s operating revenue grew nearly 34% to Rs 1,082 crore in Q3 FY26 from Rs 810 crore in Q3 FY25, according to its consolidated financial statement sourced from NSE. While the filing does not disclose a detailed revenue breakup, the company primarily earns from its online and offline courses for JEE, NEET, other engineering exams, and state boards, along with the sale of study materials. It also made Rs 65 crore via interest and gains on financial assets which took the overall revenue to Rs 1,147 crore in Q3 FY26. For the nine-month period, the company’s revenue increased 31% to Rs 2,981 crore as compared to Rs 2,277 crore, a year earlier. On the expense side, employee benefits remained the largest cost centre, accounting for 50% of total expenses at Rs 490 crore in Q3 FY26, a 41% rise from the same quarter last year. Depreciation and amortisation expenses stood at Rs 113 crore, while direct expenses increased nearly 22% to Rs 113 crore during the quarter. Total expenses for the Alakh Pandey-led firm rose 33% year-on-year to Rs 980 crore in Q3 FY26 from Rs 738 crore in Q3 FY25. The company’s profit increased by 33% to Rs 102 crore in Q3 FY26 from Rs 77 crore in Q3 FY25. Sequentially, the company’s profit rose 46% from Rs 70 crore in Q2 FY26. At the end of today’s trading session, the Noida-based company’s share price closed at Rs 122, giving it total market capitalization of Rs 34,888 crore ($3.8 billion). PhysicsWallah made a stronger-than-expected public market debut, listing at Rs 145 per share on the NSE, a 33% premium over its issue price. The Rs 3,480 crore IPO comprised a Rs 3,100 crore fresh issue and an offer for sale of Rs 380 crore.

PhysicsWallah raises stake in Xylem Learning to 77.27% in Rs 123 Cr deal

EntrackrEntrackr · 2m ago
PhysicsWallah raises stake in Xylem Learning to 77.27% in Rs 123 Cr deal
Medial

News All Stories PhysicsWallah raises stake in Xylem Learning to 77.27% in Rs 123 Cr deal The company’s board cleared the move through a third amendment to the shareholders’ agreement signed with Xylem Learning and its existing shareholders. Kunal Manchanada 18 Dec 2025 18:56 IST Follow Us Edtech firm PhysicsWallah has approved the acquisition of an additional 12.29% stake in its subsidiary Xylem Learning, taking its total shareholding to 77.27%, according to a regulatory filing made on Thursday. The company’s board cleared the move through a third amendment to the shareholders’ agreement signed with Xylem Learning and its existing shareholders. As part of the transaction, PhysicsWallah will acquire 930 equity shares from existing investors for a total cash consideration of Rs 122.9 crore. As per the filings, PhysicsWallah had entered into a shareholders’ agreement with Xylem in June 2023, which was subsequently amended in June 2023 and February 2025, to acquire up to 100% equity ownership in the company over multiple phases. Prior to this transaction, PhysicsWallah held 64.98% of Xylem’s fully diluted equity share capital. Xylem Learning, incorporated in December 2020, operates in the education sector and focuses on preparing students for competitive examinations such as JEE, NEET, and foundation-level courses through online and offline formats. The Kerala-headquartered edtech firm has posted Rs 322.26 crore revenue in FY25. The transaction follows a similar move by PhysicsWallah in another subsidiary, Utkarsh Classes & Edutech. Earlier this month, the company raised its stake in Utkarsh Classes from 63.25% to 75.50% by acquiring an additional tranche of shares for Rs 26.5 crore in cash. Over the past few years, PhysicsWallah has been steadily increasing control over several offline coaching and hybrid education players as part of its inorganic expansion strategy. The company has consistently indicated that such acquisitions are aimed at strengthening its presence in key regional markets and deepening its offline and hybrid education footprint. PhysicsWallah’s operating revenue grew nearly 26% to Rs 1,051.26 crore in Q2 FY26 from Rs 832.17 crore in Q2 FY25. During the period, its profit rose by 70% to Rs 69.7 crore.

TBO reports Rs 418 Cr revenue and Rs 61 Cr profits in Q1 FY25

EntrackrEntrackr · 1y ago
TBO reports Rs 418 Cr revenue and Rs 61 Cr profits in Q1 FY25
Medial

Business focused travel distribution platform Travel Boutique Online (TBO) has announced its first quarterly results since going public. The Gurugram-based company saw an increase in both revenue and profit during the first quarter of the current fiscal year. TBO’s operating revenue increased by 13.4% to Rs 418.46 crore in Q1 FY25 from Rs 369 crore in Q4 FY24, its unaudited consolidated financial statements sourced from National Stock Exchange (NSE) show. Income from booking of hotels and packages accounted for 76.63% of TBO’s revenue which increased to Rs 227 crore in Q1 FY25. Meanwhile, income from air ticketing brought Rs 23 core to the firm’s topline. When it comes to cost, TBO’s total expense grew by 11.1% to Rs 358.4 crore in Q1 FY25 from Rs 322.62 crore in Q4 FY24. Services fee was the largest cost center which accounted for 38.7% of the total expense. This expenditure stood at Rs 139 crore in Q1 FY25. The company also spent Rs 82.16 crore on salaries and other employee benefit schemes. TBO growth in scale enabled the firm to post a 31.3% spike in profits to Rs 60.91 crore in Q1 FY 25 from Rs 46.39 crore in Q4 FY24. For context, the company posted Rs 200 crore profits during FY24. The company went public in May this year, raising Rs 400 crore through a fresh issue and offering up to 12,508,797 equity shares for sale. As of August 13, TBO Tek is trading at Rs 1,632, with a total market capitalization of Rs 17,721 crore (around $2.1 billion).

Pee Safe reports Rs 82 Cr revenue in FY25, nears breakeven

EntrackrEntrackr · 1m ago
Pee Safe reports Rs 82 Cr revenue in FY25, nears breakeven
Medial

Pee Safe improved its financial performance in FY25 as the company continued to scale while tightening its cost structure. The Gurugram-based firm reduced its losses by nearly 70% during the fiscal year ending March 2025. Pee Safe’s revenue from operations grew 46% to Rs 82 crore in FY25 from Rs 56 crore in FY24, as per its financial statements filed with the Registrar of Companies (RoC). Launched in 2013 by Vikas Bagaria and Srijana Bagaria, Pee Safe generates revenue primarily from sales of sanitary, personal hygiene, and intimate care products across online marketplaces, offline retail, and its direct-to-consumer channels. Revenue from these products was the sole source of revenue for the company. Cost of materials remained the largest cost component for the company, forming around 31% of total expenditure. This cost rose 29% to Rs 27 crore in FY25. Advertising and promotional spending, the second largest cost head, increased 16% to Rs 26 crore. Employee benefit expenses went up 18% to Rs 13 crore, while commission and freight costs stood at Rs 5 crore each. Overall, Pee Safe’s total expense increased 24% to Rs 86.5 crore in FY25 from Rs 70 crore in FY24. With the company’s revenue growth outpacing expense growth, Pee Safe managed to curb its losses by 69% to Rs 4 crore in FY25 from Rs 13 crore in FY24. Its ROCE and EBITDA margin stood at -46.25% and -4.15% respectively. On a unit level, the company spent Rs 1.05 to earn a rupee of operating revenue in FY25, improving from Rs 1.25 in FY24. Pee Safe’s current assets stood at Rs 24 crore, while cash and bank balances were reported at Rs 2 crore during FY25. According to TheKredible, Pee Safe has raised $13.55 million in funding to date, with Alkemi Partners as its lead investor. Its founder & CEO, Vikas Bagaria, owns 11.20% of the company. Either way, the firm is not just close to breakeven, but close to key milestones like the Rs 100 crore mark, profitability and possibly much more, if it can stay focused and deliver on its core promise.

FreshToHome posts Rs 421 Cr revenue in FY25; losses remain stable

EntrackrEntrackr · 1m ago
FreshToHome posts Rs 421 Cr revenue in FY25; losses remain stable
Medial

FreshToHome posts Rs 421 Cr revenue in FY25; losses remain stable FreshToHome, a D2C meat and seafood brand, recorded a marginal improvement in its financial performance in the fiscal year ending March 2025. The company managed to grow its scale while keeping its loss stable in the period. FreshToHome’s gross revenue increased 14% to Rs 421 crore in FY25 from Rs 369.5 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC). The company primarily generates its revenue from the sale of meat, seafood and other fresh produce across its platform. Including non-operating income of Rs 9 crore, its total income stood at Rs 430 crore in FY25. The cost of material consumed remained the largest expense element for the Bengaluru-based company, forming over 83% of total expenditure. This cost grew 5% to Rs 481 crore in FY25 from Rs 458 crore in FY24. Employee benefit costs increased 10% to Rs 33 crore, while advertising and promotional expenses declined 37% to Rs 14.5 crore during the year. Subscription costs remained flat at Rs 8 crore. Other overheads more than doubled to Rs 33.5 crore in FY25. Overall, FreshToHome’s total expenditure went up by 6% to Rs 576 crore in FY25 from Rs 542 crore in FY24. At the bottom line, FreshToHome reported a net loss of Rs 146 crore in FY25, compared to Rs 150 crore in FY24, representing a modest 2.7% reduction in losses. Its ROCE and EBITDA margin stood at -107.64% and -36.58% respectively. On a unit level, the company spent Rs 1.37 to earn a rupee, improving from Rs 1.47 it spent in FY24. The firm recorded cash and bank balances of Rs 42 crore, while its current assets were valued at Rs 73.5 crore at the end of FY25. According to TheKredible, FreshToHome has raised over $320 million of funding to date. In the last round, FreshToHome raised $104 million in its Series D funding, led by Amazon Smbhav Venture Fund.

FirstCry parent records Rs 1,863 Cr revenue, Rs 75 Cr EBITDA in Q1 FY26

EntrackrEntrackr · 6m ago
FirstCry parent records Rs 1,863 Cr revenue, Rs 75 Cr EBITDA in Q1 FY26
Medial

Brainbees Solutions, the parent of kids-focused omnichannel retailer FirstCry, reported a 13% year-on-year rise in revenue and a 13% reduction in losses for the quarter ending June 2025. FirstCry's revenue from operations grew to Rs 1,862.56 crore in Q1 FY26 from Rs 1,652 crore in Q1 FY25, its unaudited financial statements sourced from the National Stock Exchange (NSE) show. The sale of its products through offline stores and websites in India and the international market was the primary source of revenue, accounting for nearly 77.55% of total operating revenue, while its subsidiary, GlobalBees, contributed Rs 426 crore. The company also made Rs 49 crore from interest income which took its overall revenue to Rs 1,911 crore in Q1 FY26, compared to Rs 1,679 crore in Q1 FY25. For the omnichannel retailer, the cost of procurement of materials accounted for 58% of the overall expenditure which increased 11% year-on-year to Rs 1,145 crore in Q1 FY26 from Rs 1,029 crore in Q1 FY25. FirstCry’s employee benefits stood at Rs 203 crore in Q1 FY26 which includes Rs 60 crore as ESOP cost. The marketing, legal, rent, and technology were other overheads that pushed the overall expenditure to Rs 1,971 crore in Q1 FY26. The decent scale and controlled expenditure helped FirstCry to reduce its losses by 13% to Rs 66.5 crore in Q1 FY26. Notably, the company reported a positive EBITDA of Rs 75 crore. On a unit basis, the company spent Rs 1.06 to earn a Rupee of operating revenue in Q1 FY26. At the end of today’s trading session, FirstCry’s share price stood at Rs 375.35 per share, with a total market capitalization of Rs 19,586 crore (approximately $2.2 billion).

Yatra posts Rs 257 Cr revenue and Rs 8 Cr profit in Q3 FY26

EntrackrEntrackr · 9d ago
Yatra posts Rs 257 Cr revenue and Rs 8 Cr profit in Q3 FY26
Medial

Online travel aggregator Yatra has continued its growth in scale during the third quarter of FY26. However, the company’s profit was reduced to single digit in the same period. Yatra’s revenue from operations increased to Rs 257 crore in Q3 FY26 from Rs 235 crore in Q3 FY25, according to its consolidated unaudited financials sourced from the National Stock Exchange (NSE). The company made Rs 4.5 crore from financial sources tallying the firm’s overall income to Rs 261.5 crore in Q3 FY26 from Rs 241 crore in Q3 FY25. For the nine-month period, Yatra’s operating revenue increased 43% to Rs 817 crore as compared to Rs 572 crore, a year earlier. The travel aggregator firm spent 52% of the overall expenditure on Service costs which stood at Rs 129 crore, followed by employee benefits which were recorded at Rs 43 crore. Its spending on marketing, legal, information technology, and other costs pushed its overall expense to Rs 249 crore in Q3 FY26. Yatra’s profit fell by 20% to Rs 8 crore in Q3 FY26 from Rs 10 crore in Q3 FY25. On a sequential basis, the company’s profit decreased 43% from Rs 14 crore in Q2 FY26. At the end of today’s trading session, Yatra was trading at Rs 153 with a 4.66% increase in its share price. Its total market capitalization stood at Rs 2,399 crore (approx $264 million).

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