CarDekho Revenue Surges 24% to ₹2,795 Cr, Losses Narrow in FY25
Overview
CarDekho Group reported a 24% year-on-year revenue increase to ₹2,795 crore in FY25, with consolidated losses shrinking to ₹266 crore. Growth was propelled by its auto classifieds, fintech, and international operations. The company also increased investments in AI and expanded its global presence.
Stocks Mentioned
CarDekho Group, led by Amit Jain, announced a robust 24% year-on-year jump in consolidated operating revenue, reaching ₹2,795 crore for the fiscal year 2025. This growth was significantly supported by steady performance across its diverse business verticals, including auto classifieds, fintech, shared mobility, insurance, and international operations.
Financial Performance
The Gurugram-based autotech firm managed to narrow its consolidated losses marginally to ₹266 crore in FY25, down from ₹276 crore in the prior year, after excluding exceptional items and equity share in associate losses. These losses are primarily attributed to ongoing investments in its insurance business and Southeast Asian expansion.
The group maintained substantial net cash reserves, ending March 2025 with ₹1,177 crore. On a standalone basis, which houses the core auto classifieds and financing operations, CarDekho Group demonstrated profitability for the second consecutive year. Standalone revenue surpassed the ₹1,000 crore mark in FY25, with operating leverage driving a 60% improvement in profitability within the auto classifieds segment.
Strategic Investments and Expansion
Mayank Gupta, group chief financial officer, highlighted the company's focus on profitability and disciplined capital allocation. Investments have been channeled into artificial intelligence and deep-tech initiatives. The group also expanded its international footprint through regional partnerships in the UAE and Saudi Arabia, building upon its existing Southeast Asia operations.
Rupyy, the group's fintech arm, solidified its market leadership in used-car financing. Total loan disbursements across used cars, new cars, commercial vehicles, and personal loans reached approximately ₹16,000 crore in FY25. New-car financing saw exceptional growth, nearly doubling with a 97% increase.
Subsidiary Growth
The fleet management platform Carrum, which saw early investment in FY25, emerged as a key growth driver, partnering with Uber to manage its Black fleets in Delhi-NCR and Mumbai, and expanding across major Tier I cities. Revv, the shared mobility subsidiary acquired in FY24, reported 40% year-on-year growth, operating in 16 cities with a fleet of over 1,300 cars.
InsuranceDekho continued to expand its distribution network across over 1,500 cities, reaching 98% of India's pin codes and serving 3.3 million customers. CollegeDekho, the education platform, broadened its college partner network to 2,000 institutions, supporting around 90,000 students.
