Co-living and managed accommodation platform ZoloStays continued its growth momentum in FY25, reporting a 67% year-on-year rise in operating revenue while reducing losses by 38%.
According to financial statements sourced from the Registrar of Companies (RoC), the company’s revenue from operations increased to ₹342.3 crore in FY25, compared to ₹204.4 crore in FY24.
ZoloStays derives the majority of its income from accommodation and allied services for students, professionals, and organizations. This segment contributed nearly 80% of total operating revenue and surged 73.6% to ₹273 crore in FY25.
The company also provides residential facility management services to colleges and universities, along with food subscriptions and related amenities. Revenue from this segment declined 30.7% to ₹62.9 crore.
Including ₹3.6 crore in interest income, the company’s total income stood at ₹346 crore for the fiscal year ended March 2025.
For the Bengaluru based firm, property management remained the largest expense, accounting for around 67% of total costs, rising 83.6% to ₹254.9 crore.
Employee benefit expenses remained stable at ₹82.4 crore, while depreciation costs declined 28.2% to ₹12.5 crore.
Advertising, promotions, subscriptions, commissions, and other overheads pushed overall expenses up 43.3% to ₹381.1 crore in FY25 from ₹266 crore in FY24.
Despite strong top line growth, ZoloStays remained loss-making at the operating level. Its loss before exceptional items narrowed to ₹35.2 crore, compared to ₹56.8 crore in FY24.
After including an exceptional gain of ₹100.47 crore from the sale of its student housing business to Good Host Spaces, the company reported a net profit of ₹59.53 crore in the previous fiscal year.
The company’s EBITDA loss stood at ₹14 crore, while EBITDA margin improved to -4.12%. Its ROCE improved to -23.23%.
On a unit basis, Zolo spent ₹1.11 to earn every ₹1 of revenue in FY25.
The startup reported current assets of ₹137 crore, including ₹10.19 crore in cash and bank balances at the end of FY25.
ZoloStays has raised $118 million in funding to date. According to reports, Nexus Venture Partners is the largest external shareholder with a 34% stake, followed by Investcorp and Mirae Asset.
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