Fibe, a Pune-based digital lending platform, reported robust FY25 results with operating revenue crossing ₹1,200 crore and a 13% rise in net profit, underscoring growing demand for technology-driven loan products across urban and semi-urban India. The company’s results point to stronger disbursement volumes, diversified income streams and expanding scale in a competitive fintech lending market.
Operating revenue jumps as interest income crosses ₹1,000 crore
Fibe’s operating revenue rose to ₹1,228 crore in FY25, a 49% increase from ₹824 crore in FY24. The growth was led by interest income, which accounted for more than 80% of operating revenue and crossed the ₹1,000 crore threshold during the year.
The company’s product mix includes personal loans, longer-tenure consumer loans and secured offerings such as loans against mutual funds and fixed deposits. Management attributes the higher interest income to both increased loan originations and improved yield management on its portfolio.
Diversified revenue mix bolsters topline
Beyond interest, Fibe has expanded ancillary revenue channels. Income from loan servicing and collection fees—earned through partnerships with banks and NBFCs—contributed materially to the topline.
Guarantee premium income grew sharply, rising 83% year-on-year to ₹104 crore. This guarantee business, which shields lending partners against potential defaults, has become an important structural element of Fibe’s earnings profile. Non-operating income, including investment gains and other interest, added roughly ₹41 crore, taking total income for FY25 to about ₹1,269 crore.
Costs rise with scale; credit costs highlight lending risks
Costs expanded as the business scaled. Finance costs were the largest expense, at ₹691 crore—over 60% of total spending—and included loan write-offs of ₹257 crore and guarantee losses of ₹207 crore, underscoring inherent credit risks in consumer lending.
Employee benefit expenses increased 34% to ₹111 crore, reflecting headcount growth and ESOP-related charges. Marketing and advertising outlays rose to ₹128 crore as the company continued to invest in customer acquisition and brand visibility. Total expenditure climbed to ₹1,112 crore in FY25, up from ₹706 crore a year earlier.
Profitability holds as company moves into maturity
Despite higher operating costs, Fibe reported a net profit of ₹114 crore in FY25, up 13% year-on-year. The concurrent rise in profits and scale suggests improving operational efficiency and disciplined risk management as the firm matures.
Founded in 2015 and formerly operating as EarlySalary, Fibe has grown into a prominent player in India’s fintech landscape, claiming millions of loans facilitated and a broad network of lending partners. With continued digital credit adoption and clearer regulatory guidance for fintechs, the company’s diversified revenue streams and expanding borrower base position it for sustained growth.
