Logistics major Shiprocket saw its consolidated net loss decline 87.5% to INR 74.5 Cr in the year ended March 2025 from INR 595.2 Cr in FY24, led by improvement in margins and revenue growth.
If not for ESOP expenses of INR 91 Cr, the company would have posted a profit in FY25.
The IPO-bound startup’s revenue grew 24% YoY to INR 1,632 Cr in FY25 from INR 1,316 Cr in the previous fiscal year.
In a statement yesterday, Shiprocket said that its core logistics and tech business brought in a revenue of INR 1,306 Cr. The company earned INR 326 Cr from emerging segments such as cross-border, marketing, payments, and omnichannel offerings.
Including other income of INR 42.8 Cr, which largely came from interest and miscellaneous gains, total income rose to INR 1,675 Cr during the year under review from INR 1,358 Cr in FY24.
The company said it turned cash EBITDA positive in FY25 at INR 7 Cr as against a burn of INR 128 Cr in the previous year.
Founded in 2017 by Saahil Goel, Vishesh Khurana, Akshay Gulati, and Gautam Kapoor, the Zomato-backed startup works with more than 17 courier partners including Delhivery, FedEx, Aramex, Xpressbees, DTDC, and Shadowfax to offer shipping solutions across India and over 200 countries.
In May, the Delhi NCR-based company filed its DRHP with the Securities and Exchange Board of India (SEBI) via the confidential pre-filing route to raise around INR 2,000 Cr to INR 2,500 Cr through its IPO.
The issue will include a fresh issue of shares worth INR 1,000 Cr to INR 1,200 Cr.
Breaking Down Shiprocket’s ExpensesShiprocket’s total expenditure rose marginally to INR 1,749 Cr during the year under review from INR 1,709 Cr in FY24.
Employee Benefit Expenses: The spending under the head decreased 26.8% to INR 314.9 Cr from INR 430 Cr in the previous year.
IT Expenses: The expenses under this head increased 11.4% to INR 44.9 Cr from INR 40.3 Cr in the previous fiscal.
Advertising Expenses: The startup’s advertising expenses for the fiscal year stood at INR 21.1 Cr, up 12.2% from INR 18.8 Cr in FY24.
The post IPO-Bound Shiprocket’s FY25 Loss Narrows 88% To INR 74.5 Cr appeared first on Inc42 Media.
