Digital payments company Razorpay has reported a 65% spike in its consolidated revenue for fiscal year 2025 to Rs 3,783 crore. In FY24, the company's revenue stood at Rs 2,296 crore.
The topline growth was driven by its payment gateway, point-of-sale (POS) offerings, loyalty programmes, business banking platform RazorpayX, and international operations, the Bengaluru-based company said in a statement.
Razorpay’s gross profit jumped 41% year-on-year to Rs 1,277 crore from Rs 906 crore a year earlier. However, the fintech posted a loss of Rs 1,209 crore for the period after employee stock ownership (Esop) expenses, mainly due to restructuring costs and tax payments linked to its redomiciling to India.
The gross profit shows earnings from the company’s core operations after direct costs, while the net loss accounts for all other expenses.
Chief executive Harshil Mathur said Razorpay’s online payments are now earnings before interest, taxes, depreciation, and amortisation (Ebitda)-positive and generating strong cash flows, while newer business lines are scaling.
“FY25 was a pivotal year for Razorpay. We delivered topline growth through strong execution, while simultaneously improving our gross margins,” he added.
Arpit Chug, chief financial officer of Razorpay, said the company is focusing on financial discipline, and allocating capital efficiently between mature, cash-generating units and high-growth businesses. “With a strong cash balance, we’re ready to invest in innovation, scale responsibly, and continue powering the next generation of India’s disruptive businesses,” Chug said.
Razorpay said it intends to accelerate product-led growth and invest in its core fintech infrastructure, with priority for artificial intelligence (AI)-first products, financial infrastructure, and new verticals that add value for partner businesses.
Last week, the company collaborated with the National Payments Corporation of India and AI major OpenAI to enable agentic transactions through ChatGPT.
Razorpay completed the reverse flip of its parent entity from the US to India in May, joining a growing cohort of Indian startups redomiciling from overseas jurisdictions such as the US or Singapore as their IPO ambitions take centrestage.
Founded in 2014 by Shashank Kumar and Mathur, Razorpay is backed by investors such as Lightspeed, Tiger Global, and Peak XV Partners, and has raised $741.5 million in funding so far.
In the current fiscal year, the fintech also secured board approval to convert into a public limited company.
The topline growth was driven by its payment gateway, point-of-sale (POS) offerings, loyalty programmes, business banking platform RazorpayX, and international operations, the Bengaluru-based company said in a statement.
Razorpay’s gross profit jumped 41% year-on-year to Rs 1,277 crore from Rs 906 crore a year earlier. However, the fintech posted a loss of Rs 1,209 crore for the period after employee stock ownership (Esop) expenses, mainly due to restructuring costs and tax payments linked to its redomiciling to India.
The gross profit shows earnings from the company’s core operations after direct costs, while the net loss accounts for all other expenses.
Chief executive Harshil Mathur said Razorpay’s online payments are now earnings before interest, taxes, depreciation, and amortisation (Ebitda)-positive and generating strong cash flows, while newer business lines are scaling.
“FY25 was a pivotal year for Razorpay. We delivered topline growth through strong execution, while simultaneously improving our gross margins,” he added.
Arpit Chug, chief financial officer of Razorpay, said the company is focusing on financial discipline, and allocating capital efficiently between mature, cash-generating units and high-growth businesses. “With a strong cash balance, we’re ready to invest in innovation, scale responsibly, and continue powering the next generation of India’s disruptive businesses,” Chug said.
Razorpay said it intends to accelerate product-led growth and invest in its core fintech infrastructure, with priority for artificial intelligence (AI)-first products, financial infrastructure, and new verticals that add value for partner businesses.
Last week, the company collaborated with the National Payments Corporation of India and AI major OpenAI to enable agentic transactions through ChatGPT.
Razorpay completed the reverse flip of its parent entity from the US to India in May, joining a growing cohort of Indian startups redomiciling from overseas jurisdictions such as the US or Singapore as their IPO ambitions take centrestage.
Founded in 2014 by Shashank Kumar and Mathur, Razorpay is backed by investors such as Lightspeed, Tiger Global, and Peak XV Partners, and has raised $741.5 million in funding so far.
In the current fiscal year, the fintech also secured board approval to convert into a public limited company.
