๐Ÿš€ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐Ÿ”ฅ
Login

News on Medial

Related News

Flipkart Internet reports Rs 20,493 Cr revenue in FY25; losses down 37%

EntrackrEntrackr ยท 4m ago
Flipkart Internet reports Rs 20,493 Cr revenue in FY25; losses down 37%
Medial

Flipkart Internet reports Rs 20,493 Cr revenue in FY25; losses down 37% Flipkart Internet, the B2B arm of Walmart-owned Flipkart, reported a 14% year-on-year rise in revenue, crossing the Rs 20,000 crore mark in the fiscal year ending March 2025. The Bengaluru-based firm also reduced its losses by 37%, bringing them below Rs 1,500 crore during the same period. Flipkart Internetโ€™s revenue from operations increased to Rs 20,493 crore in FY25, from Rs 17,907 crore in FY24, as per its consolidated financial statements filed with the Registrar of Companies (RoC). Flipkartโ€™s revenue is driven by marketplace, logistics, and advertising services. Income from marketplace services more than doubled to Rs 7,751 crore in FY25 from Rs 3,734 crore in FY24, contributing 38% to operating revenue. Advertising income surged 27% to Rs 6,317 crore, making up 31% of the topline. However, revenue from logistics services declined by 38% to Rs 4,224 crore, reducing its share to 21%. The firm made an additional Rs 314 crore from non-operating sources, which pushed its total revenue to Rs 20,807 crore in the last fiscal year (FY25). On the cost side, the largest cost head remained logistics service charges, which increased 9% to Rs 7,144 crore, accounting for 32% of total expenses. Employee benefit expenses declined 8% to Rs 4,748 crore, while marketing costs rose sharply by 37% to Rs 4,100 crore, making up 18% of overall costs. Collection charges stood at Rs 2,693 crore (12.1% of expenses) and legal/professional fees at Rs 1,394 crore. Overall, Flipkart Internetโ€™s total expenses grew 8% to Rs 22,311 crore in FY25 from Rs 20,627 crore in FY24. Flipkart Internet managed to cut its losses by 37% to Rs 1,494 crore in FY25, from Rs 2,359 crore in FY24. Its EBITDA losses narrowed to Rs 1,078 crore in FY25 from Rs 1,869 crore in FY24, with the EBITDA margin improving from -10.25% to -5.18%. On a unit level, Flipkart spent Rs 1.09 to earn a rupee in FY25, better than Rs 1.15 in FY24. The companyโ€™s current assets stood at Rs 11,952 crore, while cash and bank balances rose to Rs 187 crore.

Fractal crosses Rs 2,700 Cr revenue in FY25, regains profitability

EntrackrEntrackr ยท 5m ago
Fractal crosses Rs 2,700 Cr revenue in FY25, regains profitability
Medial

Fractal crosses Rs 2,700 Cr revenue in FY25, regains profitability Fractal, a data analytics and AI solutions company, has filed its draft red herring prospectus (DRHP) with SEBI to raise up to Rs 4,900 crore through a mix of fresh issue and offer for sale (OFS). Its financial statement shows the company regaining profitability with revenue growth of 26% in the fiscal year ending March 31, 2025. Fractalโ€™s revenue from operations grew 26% to Rs 2,765 crore in FY25 from Rs 2,196 crore in FY24, as per its consolidated financial statements sourced from the draft red herring prospectus (DRHP). The company derives nearly all of its revenue from analytical services, which contributed Rs 2,701 crore in FY25, up 24% from the previous year. Subscription income surged 167% to Rs 64 crore, pushing overall top-line growth. Fractalโ€™s revenue base continues to be dominated by the US market, which contributed Rs 1,802 crore in FY25, up 33% from Rs 1,358 crore in FY24, and accounted for 65% of total operating revenue. Revenue from Europe grew 12.56% to Rs 484 crore, making up 17.5% of the total. India contributed Rs 232 crore, a 22% increase from the previous year, representing 8% of revenue. The revenue from the rest of the world rose 13% to Rs 247 crore. Fractalโ€™s customer relationships remained a key driver of growth. Its Net Revenue Retention in the Fractal.ai segment stood at 121.3% in FY25, up from 110.2% in FY24, reflecting strong client retention and expansion through upsells and cross-sells. The firm has served its top 10 clients by revenue in the Fractal.ai segment who contributed 54% to segment revenue in FY25 for an average of more than eight years. On the expense front, employee benefit costs remained the largest outgo at Rs 2,005 crore, accounting for 78% of the total, and grew 15% over FY24. Depreciation expense increased by 23% to Rs 102 crore, while outsourced manpower costs decreased by 3.33% to Rs 58 crore. Marketing expenses dropped by 31.58% to Rs 13 crore. Legal and professional fees climbed 13% to Rs 52 crore. Overall, Fractalโ€™s total expenses rose 14.4% to Rs 2,575 crore in FY25, slower than the pace of revenue growth. As a result, the company swung to profitability, posting Rs 221 crore in net profit, in contrast to a loss of Rs 55 crore in FY24. On a per-unit basis, the company spent Rs 0.93 to earn a rupee in FY25. Its ROCE and EBITDA margin stood at 12.97% and 14.13% respectively. The analytics company had current assets worth Rs 1,625 crore, including Rs 288 crore in cash and bank balances in FY25. As per the DRHP, TPG Fett is the largest external stakeholder with 25.67% followed by Apax Partners-owned Quinag Bidco, which commands 18.78% in the company. GLM Family Trust, which owns 15.7% of the cap table.

Spinny posts Rs 4,657 Cr revenue in FY25; cuts losses by 28%

EntrackrEntrackr ยท 3m ago
Spinny posts Rs 4,657 Cr revenue in FY25; cuts losses by 28%
Medial

Spinny posts Rs 4,657 Cr revenue in FY25; cuts losses by 28% Used car retailer Spinny posted a steady performance in FY25 with notable top-line growth and narrowing losses. The Gurugram-based companyโ€™s revenue from operations jumped 25% year-on-year to Rs 4,657 crore, up from Rs 3,730 crore in FY24, according to its consolidated financial statements filed with the Registrar of Companies (RoC). Spinny primarily generates its revenue from used car sales, accounting for 97.7% of its operating income (Rs 4,553 crore) from this segment, marking a 25.7% YoY rise during FY25. The balance came from commissions, support services, and advertising. Beyond operations, the company booked Rs 89 crore in non-operating income from interest on deposits, corporate bonds, mutual fund gains, and fair value adjustments. This pushed its total income to Rs 4,746 crore in FY25 from Rs 3,822 crore in FY24. For the used car retailer, the cost of procuring cars was naturally the largest cost center, accounting for 83.3% of the overall cost. In line with a 25% revenue surge, this cost grew 23% to Rs 4,309 crore in FY25. The firm cut its employee benefits by 13.8% to Rs 338 crore in the said year. Spinnyโ€™s direct cost stood at Rs 147 crore while its advertising and promotion costs reduced by 11.3% to Rs 125 crore in FY25. Other overheads, including information technology, legal, travelling, and rent, took the total cost to Rs 5,170 crore in FY25. The decent growth in its revenue helped Spinny to cut down its losses by 28.3% to Rs 423 crore in FY25 from Rs 590 crore in FY24. The company has also improved its per unit expense to revenue ratio in FY25, which was recorded at Rs 1.11. In March this year, the company closed $170 million round this year led by Accel Leaders Fund. According to startup data intelligence platform TheKredible, Spinny has raised around $676 million to date, including investors like Tiger Global, Accel, Elevation Capital, and others. The company expanded its portfolio by acquiring Autocar India, an auto media and car content platform, and started its own NBFC subsidiary.

Myntra profit zooms 18X to Rs 548 Cr in FY25

EntrackrEntrackr ยท 4m ago
Myntra profit zooms 18X to Rs 548 Cr in FY25
Medial

Myntra, the fashion e-commerce platform owned by Flipkart, crossed the Rs 6,000 crore revenue mark in the fiscal year ending March 2025, while its profit after tax (PAT) surged 18X during the same period. Myntraโ€™s revenue from operations grew by 18% to Rs 6,042.7 crore in FY25 from Rs 5,121.8 crore in FY24, according to its consolidated financial statement sourced from the Registrar of companies (RoC). The company generates revenue from logistics, marketplace, and advertising services. Logistics contributed 48.3% of operating revenue, rising nearly 20% to Rs 2,918.9 crore in FY25. Marketplace services accounted for 34% of revenue, increasing 15.6% to Rs 2,051.8 crore, while advertising income surged 28% to Rs 914.5 crore. Myntra also earned Rs 157.5 crore from other income sources. The firm made Rs 94.3 crore from non-operating revenue, primarily from royalty income, which pushed its total revenue to Rs 6,042.7 crore in FY25. Advertising costs, the companyโ€™s largest expense surged 37% to Rs 2,105.3 crore in the last fiscal year, whereas burn on logistics rose 6.45% to Rs 1,999 crore. In contrast, employee benefit expenses fell 6.4% to Rs 748.8 crore. Other overheads, including finance costs, payment gateway fees, and (IT) expenses, added Rs 870.6 crore during the fiscal year. In the end, Myntraโ€™s overall expenses grew by 11.7% to Rs 5,723.7 crore in FY25, as compared to Rs 5,123 crore in previous fiscal. Myntraโ€™s controlled spending and sustained growth across revenue streams boosted its profit nearly 18X to Rs 548.3 crore in FY25. This follows a profit of Rs 31 crore in FY24, marking a sharp turnaround from a loss of Rs 782 crore in FY23. Its ROCE and EBITDA margin improved to 24.71% and 8.78%, respectively. On a unit basis, the company spent Rs 0.95 to earn a rupee during the fiscal year. The Bengaluru-based firm recorded cash and bank balances of Rs 22.8 crore while its current assets were worth Rs 4,762.4 crore in FY25.

Download the medial app to read full posts, comements and news.