Revenue down 35%, slips into red with Rs 42 Cr loss

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Axis Bank-owned digital payments and financial services firm Freecharge slipped into losses in the fiscal year ending March 2025, reversing its performance from a profit of Rs 79 crore in FY24. The loss came on the back of declining revenues and higher operating costs.

Freecharge’s revenue from operations fell 35% to Rs 297 crore in FY25 from Rs 454 crore in FY24, its financial statements sourced from the Registrar of Companies (RoC) show.

freerecharge fyq25

The company generates income from technology service providers (TSP) and commission fees. Revenue from TSP fees,…



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Revenue down 35%, slips into red with Rs 42 Cr loss


Axis Bank-owned digital payments and financial services firm Freecharge slipped into losses in the fiscal year ending March 2025, reversing its performance from a profit of Rs 79 crore in FY24. The loss came on the back of declining revenues and higher operating costs.

Freecharge’s revenue from operations fell 35% to Rs 297 crore in FY25 from Rs 454 crore in FY24, its financial statements sourced from the Registrar of Companies (RoC) show.

freerecharge fyq25

The company generates income from technology service providers (TSP) and commission fees. Revenue from TSP fees,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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