Your-Space Faces Financial Challenges in FY25

Your-Space, a leading operator in student housing and co-living solutions, encountered difficulties in scaling during FY25. The company experienced a slight drop in revenue while its losses grew over the year.

According to consolidated financial records obtained from the Registrar of Companies (RoC), Your-Space’s operational revenue fell by 2.2%, decreasing from Rs 142.7 crore in FY24 to Rs 139.5 crore in FY25. Your-Space is known for providing cost-effective accommodations, including PGs, hostels, and co-living spaces tailored for both girls and boys, featuring tech-savvy safety features like facial recognition, biometrics, and digital locks.

Breakdown of Revenue Sources

In FY25, approximately 97.5% of the company’s operational revenue originated from residential services, which saw a 4% drop, amounting to Rs 136 crore compared to Rs 142 crore in the previous financial year. The residual income was generated from food sales, electricity, and additional allied services.

Cost Analysis and Expenses

For this student housing startup, rental expenses made up 52.3% of the total costs. This expense slightly increased from Rs 92 crore in FY24 to Rs 93 crore in FY25. Employee benefit costs remained stable at Rs 21 crore, whereas facility maintenance and operational expenditures saw a minor rise to Rs 20.2 crore.

Other expenditures, including administrative costs, escalated by 10%, reaching Rs 26.5 crore. As a result, the total expenses rose by 1.7%, climbing from Rs 175 crore in FY24 to Rs 178 crore in FY25.

Impact on Profitability

The decline in revenue alongside fixed expenditures contributed to a 21.5% increase in losses for Your-Space, which surged from Rs 30.7 crore in FY24 to Rs 37.3 crore in FY25. The company’s return on capital employed (ROCE) and EBITDA margin were reported at -75.27% and -20.22%, respectively. On a per-unit basis, the company expended Rs 1.28 to generate one rupee in operational revenue during FY25.

By the end of the fiscal year, the Delhi-based company maintained cash and bank reserves of Rs 8 crore, while its current assets were valued at Rs 59.65 crore.

Funding and Ownership Structure

As per various reports, Your-Space has successfully secured $17.6 million in funding to date, with Shantanu Rastogi, Ajax Capital, and NB Ventures serving as its principal investors. The co-founders, Nidhi Kumra and Shubha Lal, collectively hold a 20.5% ownership stake in the company.