Revenue down 35%, slips into red with Rs 42 Cr loss

Axis Bank-owned digital payments and financial services firm Freecharge slipped into losses in the fiscal year ending March 2025, reversing its performance from a profit of Rs 79 crore in FY24. The loss came on the back of declining revenues and higher operating costs.

Freecharge’s revenue from operations fell 35% to Rs 297 crore in FY25 from Rs 454 crore in FY24, its financial statements sourced from the Registrar of Companies (RoC) show.

The company generates income from technology service providers (TSP) and commission fees. Revenue from TSP fees,…