Uber India's Financial Performance Shows Sharp Slowdown in FY25
Uber's operations in India have reported a significant deceleration in growth coupled with a dramatic expansion of losses for the fiscal year 2025, according to consolidated financial data accessed through Tofler. The ride-hailing giant's Indian business posted total sales of Rs 3,849.2 crore, marking a modest year-on-year increase of just 2.3%. This figure represents a sharp slowdown compared to previous growth trajectories, indicating potential challenges in the competitive market.
Operating Losses Surge as Margins Deteriorate
The financials reveal a troubling trend in profitability. Operating loss for Uber India surged to a staggering Rs 1,052.3 crore in FY25, a massive increase from the Rs 84.8 crore recorded in the previous fiscal year. This escalation has led to a severe deterioration in operating margin, which plummeted to -27.3% from -2.2% in FY24. The data underscores the intense pressure on the company's cost structure and operational efficiency in the Indian market.
Net Loss Widens Significantly Amidst Revenue Challenges
On the bottom line, the situation appears even more concerning. Net loss for the year stood at Rs 1,511 crore, compared with a much lower Rs 89 crore in FY24. This represents a substantial widening of losses, reflecting the combined impact of slowed revenue growth and increased expenditures. Consequently, the net margin slipped dramatically to negative 38.8%, a stark contrast to the -2.3% reported in the previous fiscal year.
The consolidated financial statement accessed via Tofler highlights several critical points:
- Total sales reached Rs 3,849.2 crore, up only 2.3% year-on-year.
- Operating loss ballooned to Rs 1,052.3 crore from Rs 84.8 crore.
- Operating margin deteriorated to -27.3% from -2.2%.
- Net loss expanded to Rs 1,511 crore versus Rs 89 crore a year earlier.
- Net margin declined to negative 38.8% compared with -2.3% in FY24.
This financial performance suggests that Uber India is facing significant headwinds, possibly due to increased competition, regulatory pressures, or rising operational costs. The sharp slowdown in revenue growth, combined with the widening losses, paints a challenging picture for the company's sustainability and profitability in one of its key global markets. Industry analysts will be closely monitoring how Uber addresses these financial pressures in the coming quarters.
