Flipkart Internet trims FY25 loss by 37% to Rs 1,494 crore

BENGALURU: Flipkart Internet Private Limited, the marketplace arm of Walmart-owned Flipkart, narrowed its consolidated net loss to Rs 1,494 crore in the financial year ended March 2025 (FY25) from Rs 2,386 crore a year earlier.

Operating revenue grew 14% to Rs 20,493 crore, according to filings with the Registrar of Companies sourced via Tofler.The revenue mix reflected a strategic pivot. Marketplace services more than doubled to Rs 7,751 crore from Rs 3,734 crore, while advertising rose 27% to Rs 6,317 crore. Logistics revenue fell sharply to Rs 4,224 crore from Rs 6,838 crore, signalling a pullback from third-party fulfilment. Employee benefit costs dropped to Rs 4,748 crore from Rs 5,178 crore, depreciation and amortisation eased to Rs 256 crore, and finance costs were flat at Rs 162 crore.

Other expenses, including platform, logistics and marketing, rose to Rs 17,145 crore from Rs 14,958 crore. The company booked a pre-tax loss of Rs 1,503 crore, aided by Rs 70 crore in profit share from associates.The balance sheet swung to positive equity: total equity stood at Rs 1,182 crore as of March 31, 2025, compared with negative Rs 562 crore a year earlier. Additions to reserves of Rs 3,248.9 crore drove the improvement. Current borrowings were Rs 1,604 crore and trade payables rose to Rs 4,062 crore.