Razorpay Revenue Soars 65% Despite ₹1,209 Crore Loss in FY25

Fintech major Razorpay recorded an impressive ₹3,783 crore in consolidated revenue for FY25, marking a 65% year-on-year jump. The Bengaluru-based firm achieved this growth by expanding its payments ecosystem and scaling new business verticals, even as restructuring costs weighed on its bottom line.

Robust Growth Despite One-Time Losses

Razorpay reported a post-ESOP loss of ₹1,209 crore, primarily due to tax and restructuring expenses following its reverse flip to India completed in May 2025. Despite the one-off hit, the company’s gross profit rose 41% to ₹1,277 crore, compared to ₹906 crore in FY24, underscoring its operational resilience and diversified revenue streams.

“Beyond online payments, which is now EBITDA profitable and generating strong cash flows, we’re seeing promising traction in newer businesses that are rapidly scaling and unlocking new growth vectors for us,” said Harshil Mathur, CEO and Co-founder of Razorpay, as per the news reports.

The company’s income stream includes contributions from Razorpay Payment Gateway (PG), Razorpay POS, RazorpayX, loyalty programmes, and its international ventures, showcasing a balanced business portfolio.

Strategic Focus and Expansion Plans

Razorpay plans to double down on AI-first product innovation, financial infrastructure enhancement, and support for partner businesses. These initiatives aim to strengthen the firm’s leadership in India’s rapidly evolving fintech ecosystem.

On the international front, the company entered Singapore in March 2025, its second overseas market after Malaysia, reinforcing its commitment to Southeast Asia. Razorpay had previously acquired a majority stake in Malaysia-based Curlec in February 2022 and subsequently launched its first international payment gateway under the same brand in July 2023.

Read More: UPI Dominates Digital Payments, Hits 84% Share in FY25!

Conclusion

With a strong topline, expanding global footprint, and continued investment in AI and fintech innovation, Razorpay has reaffirmed its position as one of India’s leading digital financial infrastructure players, poised for sustained growth despite temporary restructuring challenges.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.