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  3. BluSmart targets to turn profitable in 5-6 quarters

BluSmart targets to turn profitable in 5-6 quarters

12 Mar 2025

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Key Takeaways

BluSmart targets profitability with 70% growth in FY25, premium segment expansion, and funding progress despite NCD delays, focusing on on-demand trips.

BluSmart targets profitability with 70% growth in FY25, premium segment expansion, and funding progress despite NCD delays, focusing on on-demand trips.

Blu-Smart Mobility Unlisted Shares

Blu-Smart Mobility

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Expert Analysis

BluSmart Eyes Profitability in 5–6 Quarters.

Expert Analysis :

  • Profitability Outlook: BluSmart expects to turn profitable in 5–6 quarters, as conveyed to 160 investors during a recent financial update.

  • Revenue and Growth: The annual run rate has reached $90 million, with gross business value up 127% to ₹376 crore in FY24, projected to rise 70% to ₹640 crore in FY25.

  • Fleet & Fare Growth: BluSmart’s fleet expanded 51% to 8,685 vehicles, while gross fare per trip rose 13% to ₹525, reaching ₹550 during the festive quarter.

  • Revenue Surge & NCD Delay: BluSmart’s 10-month revenue rose 72% to ₹513.86 crore, including ₹175.54 crore in Q3, despite a ₹30 crore NCD payment delay in February.

  • Funding Progress: BluSmart is raising ₹425 crore in Series B, securing ₹300 crore so far, with commitments for the rest; NCD delay clarified to investors.

  • Financial Position: BluSmart has raised ₹985 crore to date, with outstanding debt at ₹240 crore as of March 9.

  • Premium & On-Demand Expansion: The premium segment is set to grow from 9% in FY24 to 40% by FY26, while on-demand trips are expected to contribute 50% of demand.

Publisher:Financial Express