IntrCity SmartBus revenue jumps 70% to ₹500 cr in FY25; targets ₹1,000 cr by FY27
Mobility platform IntrCity SmartBus has reported a significant jump in revenue, crossing ₹500 crore in FY25, a 70 per cent increase from ₹320 crore in the previous fiscal.
The company’s EBITDA has also seen a sharp rise, reaching ₹12 crore (provisional), up from ₹1.5 crore last year.
Looking ahead, IntrCity expects its revenue to touch ₹1,000 crore by FY27. As part of its expansion strategy, the company plans to add 500 new buses over the next two years, with a focus on improving connectivity to India’s interior regions and enhancing its value proposition by increasing the frequency of buses throughout the day.
Elaborating on the profitability, Manish Rathi, Co-founder & CEO of IntrCity SmartBus, told businessline, “While the bus industry in India spans three generations, the key challenge has traditionally been balancing scale with profitability. However, over the last 12 months, more than 200 new buses have been added to the IntrCity SmartBus platform by asset owners, and we have managed to scale by 70 per cent while maintaining EBITDA profitability.”
Founded in 2019, the company currently operates over 630 routes across 16 States. Alongside its flagship SmartBus service, IntrCity’s companion app, RailYatri, continues to serve 14 million monthly users with comprehensive train travel information, strengthening the company’s intercity mobility ecosystem.
Published on April 22, 2025
