Temasek-backed Mohalla Tech, which owns vernacular social media platforms ShareChat and Moj, has managed to considerably scale back its working losses over the previous monetary 12 months, however a slim deal with profitability stalled its income progress. The administration now says it’s “again in progress mode” for the present fiscal and expects to clock almost 30% topline progress for FY26.
Adjusted EBITDA losses had been down by 72% to Rs 219 crore within the monetary 12 months ended March 2025, in comparison with a lack of Rs 793 crore within the earlier 12 months. In the meantime, income from operations was at Rs 723 crore, almost the identical as Rs 718 crore it generated in FY24. Adjusted EBITDA excludes curiosity on debentures, ESOP-related prices, unrealised foreign exchange losses, depreciation, and provision on aged GST belongings.
Together with these price gadgets, the corporate recorded a loss earlier than tax of Rs 1,105 crore in FY25, down almost 42% from Rs 1,898 crore a 12 months in the past.
Sharechat has been on a path to enhance its profitability since FY23, as a tighter funding surroundings prompted many startups to decide on measured, sustainable progress over money burn-led excessive progress. Since FY23, its adjusted EBITDA losses are down by 90% and the corporate expects to finish FY26 with a narrower adjusted EBITDA lack of round Rs 20 crore.
ShareChat’s principal app turned worthwhile in February this 12 months and is now producing money, however Moj continues to submit losses as a result of excessive prices of video streaming. The corporate hopes subscription earnings and recent advert spending round microdramas, its new progress vertical, can strengthen its financials.
Microdramas, that are usually one-to-two minutes lengthy, serialised fiction, can be found on an ad-supported foundation on Moj and for a subscription payment on its standalone microdrama app QuickTV, launched in Might. The administration expects rising shopper engagement round microdramas to assist advert income this 12 months, although it continues to face stress because the ban on real-money gaming has worn out a significant promoting cohort for the platform.
In FY25, income from commercials dipped 8% year-on-year to Rs 290 crore. Past promoting, ShareChat earns by means of digital gifting, permitting customers to purchase digital tokens for creators. Income from reside streaming rose 7.7% to Rs 434 crore. Going forward, the corporate expects subscription earnings from QuickTV so as to add a recent income phase. It expects the subscription enterprise to be worthwhile by mid-FY27.
“With ad-supported micro drama, the corporate is eyeing to go after the newer pool of adex that was thus far concentrated amongst OTT gamers,” the corporate stated in a press release. Throughout each Moj and QuickTV, 35 million customers are consuming microdramas month-to-month, with 200 million episodes being consumed day by day, CFO Manohar Charan stated on a name with media.
