1 / 6

Xoxoday’s revenue crosses Rs 800 Cr in FY23; losses spike 7X

Fintech startup XoXoday has reported a slower growth in FY23 as compared to a 2.5X jump in its collections during FY22. Significantly, the companyu2019s losses ballooned about seven-fold in the last fiscal year on the back of increased employee benefit and advertising costs.

Entrackr
Download Presentation

Xoxoday’s revenue crosses Rs 800 Cr in FY23; losses spike 7X

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Xoxoday’s revenue crosses Rs 800 Cr in FY23; losses spike 7X

  2. Introduction • Fintech startup XoXoday has reported a slower growth in FY23 as compared to a 2.5X jump in its collections during FY22. • Significantly, the company’s losses ballooned about seven-fold in the last fiscal year on the back of increased employee benefit and advertising costs.

  3. Xoxoday Financial FY23 • Xoxoday’s revenue from operations grew 20% to Rs 816 crore in FY23 from Rs 680 crore in FY22, its annual financial statements filed with the Registrar of Companies- as per Entrackr report.

  4. Xoxoday Revenue Breakdown • Revenue from the sale of different kinds of vouchers constituted 97% of the total collections which grew 18.4% to Rs 791 crore in FY23 from Rs 668 crore in FY22. • The rest of the income came from commissions and other operating activities.

  5. Xoxoday Expense Breakdown • As the expense growth outpaced its revenue , Xoxoday’ losses spiked 6.8X to Rs 62 crore in FY23 from Rs 9 crore in FY22.

  6. Xoxoday FY22-FY23 • Ist ROCE and EBITDA margin stood at -90% and -6% respectively. • On a unit level, it spent Rs 1.08 to earn a rupee in the fiscal year ending March 2023. • While the spike in losses might be a little worrying, at this stage, they will be nothing more than a distraction for the firm as it seeks a strong footing in the market. If you want to get complete information related to this topic click HERE.

More Related