In FY25, several prominent Indian companies across diverse sectors reported significant losses, reflecting the challenging business environment marked by intense competition, rising costs, and sector-specific pressures.
From telecommunications and food delivery to steel production and electric vehicles, these companies struggled to maintain profitability despite generating substantial revenues.
1. Vodafone Idea
Vodafone Idea Limited is a major Indian telecommunications provider formed by the 2018 merger of Vodafone India and Idea Cellular. Operating under the brand “Vi,” the company offers pan-India voice and data services across 2G, 3G, 4G, and 5G platforms.
Despite a large user base, it continues to face financial stress due to heavy debt and regulatory dues. In FY25, the company reported a loss of Rs. 27,383 crore on revenues of Rs. 43,571 crore.
2. Swiggy
Founded in 2014, Swiggy is a Bengaluru-based online food delivery platform that has expanded into various on-demand services, including grocery delivery through Instamart. The company went public in November 2024.
While rapidly expanding, it struggles with profitability amid intense competition and high operating costs. In FY25, the company reported a loss of Rs. 3,117 crore on revenues of Rs. 15,227 crore.
3. NMDC Steel
NMDC Steel Limited is a wholly-owned subsidiary of the National Mineral Development Corporation (NMDC), one of India’s largest iron ore producers. Established to enhance the country’s steel production capabilities
Due to high setup costs and industry headwinds. In FY25, the company reported a loss of Rs. 2,374 crore on revenues of Rs. 8,503 crore
4. Ola Electric Mobility
Ola Electric Mobility Limited, founded in 2017 by Bhavish Aggarwal, is an Indian electric vehicle manufacturer specialising in electric scooters. The company was once a market leader
Despite early success, it faces mounting losses due to increased competition, operational challenges, and market share decline. In FY25, the company reported a loss of Rs. 2,276 crore on revenues of Rs. 4,514 crore.
5. Alok Industries
Alok Industries Limited is a Mumbai-based textile manufacturer and a subsidiary of Reliance Industries. The company offers end-to-end textile solutions across various segments, including home textiles, cotton yarn, and polyester yarn.
The company has reported continued losses due to industry pressures and operational inefficiencies. In FY25, the company reported a loss of Rs. 816 crore on revenues of Rs. 3,709 crore.
Written By Abhishek Das
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