Razorpay, a payments and business banking platform, reported a 65% year-over-year increase in its consolidated revenue to Rs 3,783 crore from Rs 2,296 crore in FY24, following a strong performance in that year.
Key Highlights
- Razorpay posts 65% revenue growth in FY25, with gross profit surpassing ₹1,200 crore milestone.
- Strong fintech adoption and payment volume growth drive Razorpay’s stellar financial performance in FY25.
The company said in a statement that strong execution across its payment gateway, banking, point-of-sale, and international businesses was the main driver of its growth in the previous fiscal year.
The gross profit of the Bengaluru-based company increased 41% from Rs 906 crore to Rs 1,277 crore over the previous year. Razorpay reported a loss in FY25 after deducting Rs 1,209 crore in ESOP-related expenses, despite strong top-line growth.
The company ascribed the losses to tax expenses associated with its redomiciling to India and restructuring.
According to CEO and co-founder Harshil Mathur, "FY25 was a pivotal year for Razorpay." Through excellent execution, we increased our top line while also raising our gross margins. We're seeing encouraging traction in newer companies that are quickly growing and opening up new growth avenues, in addition to online payments, which are now EBITDA-profitable.
CFO Arpit Chug went on to say that in order to guarantee effective capital allocation between established, cash-generating businesses and up-and-coming verticals, the company has been integrating financial discipline at the product level. Razorpay also emphasized its solid financial standing, which allows it to make investments in long-term growth and innovation.
The business intends to increase investments in its core fintech stack, AI-first products, and financial infrastructure while also accelerating product-led growth. It keeps growing abroad, particularly in markets in Southeast Asia like Malaysia and Singapore.
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Shashank Kumar and Harshil Mathur, both graduates of IIT Roorkee, founded Razorpay in 2014. Since then, it has raised more than $800 million from investors such as Lightspeed, Tiger Global, Peak XV Partners, and GIC.
In April 2025, the business became a public entity after completing its reverse flip to India. Razorpay recently spent $30 million to purchase POP, a rewards-first UPI payments app.
