Cred FY25 revenue rises 16% to Rs 2,735 cr; operating losses halve to Rs 298 cr
Kunal Shah-led Cred grew FY25 revenue to Rs 2,735 crore from Rs 2,356 crore, while operating losses narrowed sharply from Rs 609 crore to Rs 298 crore as the Bengaluru fintech tightened costs and leaned on lending and financial services to monetise its affluent user base.
Cred's FY25 revenue grew 16% to Rs 2,735 crore while operating losses nearly halved to Rs 298 crore, as the Kunal Shah-led fintech tightened costs and pushed lending and financial services to monetise its high-income user base.
Why this matters
Improved FY25 financials land as Meta is reportedly in talks to back Cred at a $4 billion valuation, eyeing the fintech's affluent base for an India UPI play.
Retail-company signals steady at 3,276 over the past 90 days.
Also reported by
- Moneycontrol · Results — Same time
- Moneycontrol · Results — Same time