Community management and security startup MyGate significantly reduced its net loss for the fiscal year FY25 by 61% to ₹15.4 Cr from the previous year, showcasing a strong improvement in its financial performance. The company reported a substantial 80% increase in operating revenue to ₹173.5 Cr. Despite an EBITDA loss of ₹3.9 Cr, MyGate’s EBITDA margin stood at -2%, reflecting a strategic focus on growth over immediate profitability.
CEO Abhishek Kumar highlighted the company’s shift towards sustainable growth, noting a profitable performance on a PBT basis. Looking ahead to FY26, MyGate anticipates a 25-30% year-on-year revenue growth with adjusted EBITDA margins expected to surpass 5%, a marked improvement from less than 1% in FY25.
The company’s growth strategy has been fueled by a concentrated effort on its high-margin advertising vertical, leveraging its extensive network of gated communities to offer advertisers hyperlocal targeting capabilities. MyGate’s in-house ad platform enables precise targeting, allowing brands to engage with specific audiences at a granular level, contributing to approximately 65-70% of the company’s total income from advertising revenue.
By optimizing its advertising offerings and focusing on targeted campaigns, MyGate has successfully capitalized on its unique position within the community management sector to drive revenue growth and enhance its financial performance.
Source: Inc42 Media