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GenieMode reports Rs 51 Cr loss on Rs 673 Cr GMV in FY25

EntrackrEntrackr · 1m ago
GenieMode reports Rs 51 Cr loss on Rs 673 Cr GMV in FY25
Medial

Fintrackr All Stories GenieMode reports Rs 51 Cr loss on Rs 673 Cr GMV in FY25 GenieMode continued to grow during the fiscal year ending March 2025. The firm crossed the Rs 650 crore gross merchandise value (GMV) milestone, while controlled expenses helped narrow its losses by 35% year-on-year in FY25. The company’s gross revenue grew 21% to Rs 673 crore in FY25 from Rs 556 crore in FY24, its consolidated financial statement sourced from the Registrar of Companies (RoC) shows. GenieMode is a business-to-business cross-border e-commerce marketplace for buyers in furniture, home textile, apparels and accessories. The sale of these goods accounted for 98% of its income, which increased by 20% year-on-year to Rs 657 crore in FY25 from Rs 549 crore in FY24. The company’s largest expense was the cost of materials, which accounted for 75% of the total cost. This expense rose 18% to Rs 551 crore in FY25 from Rs 467 crore in FY24. On the other hand, employee benefit expenses decreased 13% to Rs 69 crore in FY25 from Rs 79 crore in FY24. While legal and professional fees rose 41% to Rs 38 crore, finance costs more than doubled to Rs 14.5 crore. Other expenses added the remaining Rs 51.5 crore, pushing total costs to Rs 731 crore in FY25. In the end, GenieMode managed to cut its loss by 35% to Rs 51 crore in FY25 from Rs 78 crore in FY24. Its ROCE and EBITDA margin stood at -10.76% and -7.58%, respectively. On a unit basis, the company spent Rs 1.09 to earn a rupee of operating revenue in the last fiscal year. On a balance sheet front, the Gurugram-based company recorded total assets of Rs 690.5 crore in FY25 while current assets were Rs 544 crore including Rs 42 crore in cash and bank balances. According to TheKredible, GenieMode has raised $92 million of funding till date, having Info Edge, Tiger Global and Multiples Equity as its lead investors. The company’s co-founders Amit Sharma and Tanuj Gangwani own 39% of the company.

XpressBees' losses soar 85% to Rs 370 Cr in FY25 amid flat revenue

EntrackrEntrackr · 25d ago
XpressBees' losses soar 85% to Rs 370 Cr in FY25 amid flat revenue
Medial

XpressBees' losses soar 85% to Rs 370 Cr in FY25 amid flat revenue E-commerce-focused logistics company XpressBees reported flat growth in the fiscal year ending March 2025, while its losses jumped 85% to Rs 370 crore in the same period due to higher logistics, facility, and finance costs. XpressBees’ revenue from operations grew marginally to Rs 2,874 crore in FY25 from Rs 2,831 crore in FY24, according to its consolidated financial statements. Income from the courier services accounted for 96% of the operating income, which stood at Rs 2,772 crore in FY25. The other operating income includes Warehousing Fulfilment Service, the sale of scrap, and other support services. It also added Rs 87 crore, mainly from interest on bank deposits, which took the overall income to Rs 2,961 crore in FY25, compared to Rs 2,940 crore in FY24. For the logistics firm, freight and handling remained the largest cost center, forming 73% of the overall which recorded at Rs 2,462 crore in FY25. Its Employee benefits, transportation, and technology costs remained the other contributors, taking the overall cost to Rs 3,334 crore in FY25, compared to Rs 3,143 crore in FY24. At the end, XpressBees’ net loss widened 85% to Rs 370 crore in FY25 against Rs 200 crore in the previous fiscal, while EBITDA losses jumped to Rs 228 crore compared with Rs 102 crore a year earlier. Its EBITDA margin deteriorated to -7.9%, nearly double the previous year’s deficit of -3.6%. On the balance sheet front, total assets contracted 18% to Rs 2,133 crore as the company pared down its cash holdings and investments. Cash and cash equivalents also plunged 87% to Rs 172 crore from Rs 1,331 crore in FY24, reflecting reduced liquidity and possible repayment of liabilities. Current assets also slipped 23% year-on-year to Rs 1,438 crore. The firm’s return on capital employed (ROCE) worsened to -29.3% from -14.1% in FY24, while the company spent Rs 1.16 to earn a rupee in FY25. XpressBees has been expanding its warehousing and B2B logistics verticals while facing pricing pressure in its core e-commerce parcel business, where large clients have renegotiated rates. Despite scaling its network and automation footprint, the Pune-based company’s cost base grew faster than revenue in FY25.

Innoviti reports Rs 143 Cr revenue and Rs 62 Cr loss in FY25

EntrackrEntrackr · 1m ago
Innoviti reports Rs 143 Cr revenue and Rs 62 Cr loss in FY25
Medial

Innoviti reports Rs 143 Cr revenue and Rs 62 Cr loss in FY25 Innoviti Technologies reported 35% year-on-year revenue growth for the fiscal year ending March 2025. However, its losses remained high at Rs 62 crore, despite an 11% YoY reduction in FY25. The company’s operating revenue increased to Rs 143 crore in FY25 from Rs 106 crore in FY24, according to its financial statement sourced from the Registrar of Companies (RoC). Innoviti provided payment gateway and PoS devices to merchants for processing online and card-based payments. Service fees from these offerings contributed 86% of its revenue, which rose 47% to Rs 123 crore in FY25 from Rs 84 crore in FY24. The remaining 14% came from lease rentals, which stood at Rs 19 crore during the same period. Including other non-operating activities such as treasury gains, its total income rose marginally to Rs 144 crore during FY25. Innoviti’s total expenses grew 15% to Rs 207 crore in FY25 from Rs 180 crore a year ago, largely guided by a sharp increase in subvention and service fees which accounted for 40% of the total cost. This cost surged 88% to Rs 82.5 crore in FY25 from Rs 44 crore in FY24. Employee benefit expenses, however, declined 19% to Rs 43 crore in FY25 from Rs 53 crore in FY24. On the other hand, depreciation costs rose 32% YoY to Rs 33 crore from Rs 25 crore in FY24. Other expenses, sub-contractor charges and overheads added the rest Rs 49 crore. In the end, Innoviti narrowed its net loss by 11% to Rs 62 crore in FY25, against Rs 70 crore in FY24. The company’s EBITDA loss stood at Rs 26 crore with EBITDA margin improving to -18.2% from -32.1%. Its ROCE margin stood at -62.77% in the same period. On the balance sheet front, Innoviti’s total assets remained stable at Rs 128 crore, with current assets of Rs 100 crore in FY25, including Rs 41 crore in cash and bank balances. According to startup data intelligence platform TheKredible, Innoviti has raised a total of $158 million of funding till date, having Bessemer Venture Partners and FMO as its lead investors. The Noida-based company’s founder Rajeev Agrawal owns 10% of the company. Earlier this year, Agrawal said the company aimed to achieve operating profitability within the next two quarters. He also mentioned that IPO planning had begun, with a target to go public within the next 12 months.

Zerodha cash reserve stands at Rs 22,679 Cr in FY25

EntrackrEntrackr · 10d ago
Zerodha cash reserve stands at Rs 22,679 Cr in FY25
Medial

**Zerodha cash reserve stands at Rs 22,679 Cr in FY25** Zerodha’s revenue from operations decreased to Rs 8,847 crore in FY25 from Rs 9,993 crore in FY24, according to its consolidated financial statements sourced from the Registrar of Companies (RoC). The stockbroking industry saw a slowdown in FY25 as trading volumes dipped, new investor additions eased, and tighter SEBI regulations kicked in. Most brokerages felt the heat, with revenues coming under pressure. According to the latest National Stock Exchange data, Zerodha has 7.26 million users and holds a 15.8% market share. Brokerage income continues to be its primary revenue stream, while investment management fees, software services, and interest income also contribute to its overall operating revenue. On the cost front, Zerodha spent Rs 539 crore on salaries in FY25, up 31% from Rs 410 crore in FY24. Notably, directors Nithin Kamath, Nikhil Kamath, and Seema Patil collectively withdrew Rs 228 crore in remuneration, with Rs 96 crore each paid to Nithin and Nikhil, and Rs 36 crore to Seema. Other major expenses included Rs 2,328 crore on fees and commissions, Rs 96 crore on professional and technical services, and Rs 47 crore on advertising. Overall, the company’s total costs rose to Rs 3,238 crore in FY25, up from Rs 3,119 crore in FY24. With scale declining 11%, Zerodha’s profits fell 22.9% to Rs 4,237 crore in FY25 from Rs 5,496 crore in FY24. Despite the drop, the company still paid Rs 1,395 crore in taxes during the year. Its ROCE and EBITDA margins also softened and recorded at 32% and 63.78% respectively. Most notably, Zerodha continues to maintain an exceptionally strong balance sheet, sitting on cash and bank balances of Rs 22,679 crore ($2.5 billion) as of FY25. Its total current assets stood at Rs 35,719 crore ($4.2 billion), representing the company’s conservative, debt-free approach and strong liquidity even in a softer year. Even with a dip in scale and profits, Zerodha’s numbers reinforce the strength of its bootstrapped, cash-heavy model. The firm remains one of the most profitable outfits in the broking ecosystem, giving it enough cushion to ride out regulatory shifts and cooling market sentiment.

Market gains 3% amid high volatility; IT index outperform

Money ControlMoney Control · 1y ago
Market gains 3% amid high volatility; IT index outperform
Medial

The Indian market rebounded strongly, gaining over 3% despite the lack of a clear mandate for the BJP-led NDA in the exit polls. The RBI's raised growth forecast for FY25 and the announcement that Narendra Modi will form a new government for the third time boosted investor sentiments. The BSE Sensex and Nifty50 both reached all-time highs. The BSE Small-cap and BSE Mid-cap indices rose 3%, with certain stocks seeing significant increases. The BSE Large-cap index also increased by 3%, with gains in selected stocks. The Nifty IT and FMCG indices saw significant gains, while the Nifty PSU Bank index declined. Foreign institutional investors sold equities worth Rs 13,718.42 crore, while domestic institutional investors bought equities worth Rs 5,578.71 crore.

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