Progcap, a fintech company backed by Peak XV and Tiger Global, nearly doubled its revenue in the fiscal year ending March 2025, while also significantly reducing its losses. The company’s revenue from operations surged by 93% to Rs 268 crore in FY25, up from Rs 139 crore in FY24. Progcap specializes in providing debt capital to underserved micro and small businesses, digitizing supply chains, and offering financial access to last-mile retailers. Additional income from interest and investments helped push Progcap’s total income to Rs 278 crore in FY25.
The company managed its expenses efficiently, keeping employee benefit costs steady while witnessing a substantial increase in finance costs and write-offs. Despite expenses growing by 37% to Rs 279 crore in FY25, Progcap successfully reduced its losses by 87% to Rs 6 crore from Rs 46 crore in FY24. The firm achieved a positive EBITDA of Rs 75 crore with an EBITDA margin of 27.99% and reported a Return on Capital Employed (ROCE) of 7.40%.
Progcap’s ability to generate more revenue than expenses showcases its financial resilience and strategic management. The company’s performance positions it as a key player in the fintech sector, especially with its approach to serving retailers in tier 2 and 3 markets. Progcap’s growth trajectory and potential IPO candidacy make it a noteworthy entity in the financial technology landscape.
Source: Entrackr : Latest Posts