Used car retailer Spinny has showcased resilience and smart execution in FY25, reporting a 25% year-on-year growth in revenue from operations at ₹4,657 crore, up from ₹3,730 crore in FY24. This growth was driven primarily by used car sales, which contributed 97.7% of its operating income at ₹4,553 crore, marking a strong 25.7% YoY rise.

The company also generated ₹89 crore in non-operating income from interest, corporate bonds, mutual funds, and fair value adjustments, pushing its total income to ₹4,746 crore in FY25. Despite rising operational demands, Spinny focused on cost optimization, procuring cars remained its largest expense at ₹4,309 crore, while advertising costs dropped 11.3% to ₹125 crore and employee benefits were reduced by 13.8% to ₹338 crore.

This disciplined approach translated into a 28.3% reduction in losses, which narrowed to ₹423 crore in FY25 compared to ₹590 crore in FY24. The company also improved its expense-to-revenue ratio to ₹1.11.

Backed by investors including Tiger Global, Accel, and Elevation Capital, Spinny further strengthened its ecosystem with the acquisition of Autocar India and the launch of its NBFC subsidiary, reinforcing investor confidence and future growth prospects.