India, Oct. 30 -- Logistics major Shiprocket saw its consolidated net loss decline 87.5% to INR 74.5 Cr in the year ended March 2025 from INR 595.2 Cr in FY24, led by improvement in margins and revenue growth.

If not for ESOP expenses of INR 91 Cr, the company would have posted a profit in FY25.

The IPO-bound startup's revenue grew 24% YoY to INR 1,632 Cr in FY25 from INR 1,316 Cr in the previous fiscal year.

In a statement yesterday, Shiprocket said that its core logistics and tech business brought in a revenue of INR 1,306 Cr. The company earned INR 326 Cr from emerging segments such as cross-border, marketing, payments, and omnichannel offerings.

Including other income of INR 42.8 Cr, which largely came from interest and miscellane...