Results · Mobility & Logistics

Zingbus narrows losses, revenue jumps 85% in FY25

By Startup Enthusiast · 5 January 2026

What they do

Zingbus runs an intercity bus ticketing platform

Revenue rose 85% to Rs 161 crore in FY25, while net loss stayed flat at Rs 25 crore

EBITDA loss narrowed to Rs 30.4 crore, and margin improved from -44.5% to -18.9%

Zingbus published its financial results for FY25.
Revenue from operations grew 85% to Rs 161 crore from Rs 87 crore in FY24.
Total expenditure rose 65% to Rs 191 crore, driven by bus hire charges.
Net loss remained nearly flat at Rs 25 crore, compared to Rs 24 crore in FY24.
EBITDA loss narrowed to Rs 30.4 crore from Rs 38.7 crore.
EBITDA margin improved to -18.9% from -44.5% in FY24.
The company spent Rs 1.19 to earn every rupee of operating revenue, down from Rs 1.33.

Zingbus is focusing on EV fleet and carbon neutral rides to differentiate itself.
It faces risks from dependence on China-made buses, inadequate charging infrastructure, and falling LNG prices.
The company operates in a cluttered market constrained by market economics.

Zingbus provides intercity bus ticketing services only.
Its main expense is bus hire charges, which were Rs 121 crore in FY25, 63% of total expenditure.
It pays guarantee commission to fleet partners, which rose 78% to Rs 16 crore.
Employee benefit expenses were Rs 15 crore, up 7%.
Advertising expenses were Rs 6 crore, up 9%.
Cash and bank balances stood at Rs 3 crore at the end of FY25.