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Awfis income crosses Rs 300 Cr in Q2 FY25, posts Rs 38 Cr PAT

EntrackrEntrackr · 1y ago
Awfis income crosses Rs 300 Cr in Q2 FY25, posts Rs 38 Cr PAT
Medial

Co-working solutions provider Awfis has registered decent growth in its revenue while maintaining profitability in the second quarter of FY25. The company’s revenue from operations surged 40.5% year-on-year to Rs 292.38 crore in Q2 FY25 from Rs 208.15 crore in the same quarter last year. Other income contributed an additional Rs 9.56 crore which drove its total income of Rs 301.95 crore for the quarter. On a quarterly basis, the firm's revenue jumped 13.46% from Rs 258 crore in Q1 FY25. Founded in 2015, Awfis provides office spaces for startups, SMEs, and large corporations, along with services such as food and beverages, IT support, and infrastructure solutions. Revenue from co-working spaces remained the largest segment that grew 43.1% to Rs 218.31 crore in Q2 FY25 from Rs 152.56 crore in Q2 FY24. The construction and fit-out projects segment brought in Rs 68.15 crore, while other services brought in Rs 5.9 crore to the overall revenue in Q2 FY25. Subcontracting cost was the largest burn which stood at Rs 56.13 crore, whereas employee benefits expenses increased to Rs 39.38 crore. Depreciation and amortization expenses grew 33.5% YoY to Rs 64 crore. Finance costs amounted to Rs 30.4 crore which pushed the firm’s total cost to Rs 287.29 crore in the September quarter. With an exceptional item income of Rs 24 crore, Awfis posted a profit after tax of Rs 38.67 crore. Awfis’ stock was listed on the NSE on May 30, opening at Rs 435 with a 13.58% premium over the issue price of Rs 383. Before Monday’s market closure, the company’s shares were trading at Rs 776.

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MapMyIndia posts Rs 114 Cr revenue in Q2 FY26, profit falls 38%

EntrackrEntrackr · 7d ago
MapMyIndia posts Rs 114 Cr revenue in Q2 FY26, profit falls 38%
Medial

CE Info Systems, the parent company of MapMyIndia, has announced its financial results for the second quarter of FY26. The company reported a year-on-year revenue growth of 10% compared to Q2 FY25. MapMyIndia’s revenue from operations increased to Rs 114 crore in Q2 FY26 from Rs 104 crore in Q2 FY25, according to its consolidated quarterly report sourced from the National Stock Exchange (NSE). On a half-yearly basis, MapMyIndia’s operating revenue increased 15% to Rs 235 crore in Q2 FY26 from Rs 205 crore in Q4 FY25. Income from digital map data, GPS navigation, location-based services, and IoT was the primary source of revenue for MapMyIndia, accounting for 88% of the total collection. This revenue source increased by 16% to Rs 100 crore in Q2 FY26. However, income from the sale of its devices generated Rs 14 crore in the quarter ending September 2025. The cost of IoT devices, employee benefits, and outsourced technical services were the major cost elements. Notably, the cost of technical service outsourcing spiked more than 3X to Rs 32.6 crore in Q2 FY26 from Rs 10 crore in Q2 FY25. Overall, total cost of the firm rose to Rs 94 crore in Q2 FY26 from Rs 72.5 crore in Q2 FY25. With expense outpacing revenue growth, MapMyIndia’s profit fell 38% to Rs 18.5 crore during Q2 FY26, compared to Rs 30 crore in the first quarter of the previous fiscal year. For the six months ending September 2025, the company’s profit remained stable at Rs 64 crore in H1 FY26 as compared to Rs 66 crore in H1 FY25. At the end of the day, MapMyIndia closed at Rs 1,818 per share, with a market capitalization of Rs 9,948 crore ($1.1 billion).

Go Digit posts Rs 2,088 Cr revenue in Q2 FY26, PAT spikes 30%

EntrackrEntrackr · 20d ago
Go Digit posts Rs 2,088 Cr revenue in Q2 FY26, PAT spikes 30%
Medial

Go Digit General Insurance Limited reported steady growth in the second quarter of FY26, with operating revenue (net premium) rising 10% to Rs 2,088 crore from Rs 1,891 crore in Q2 FY25. Its profit also grew 30%, crossing the Rs 100 crore threshold during the quarter. Net premiums written also saw a rise of 9% this quarter to Rs 2,109 crore in Q2 FY26 compared to Rs 1,928 crore in the same quarter last year, according to its quarterly results reported on the NSE. The firm’s income from investments grew significantly to Rs 320 crore in Q2 FY26, compared to Rs 284 crore in the second quarter of FY26, steered by a stronger investment portfolio performance. In the end, its total income for Q2 FY26 stood at Rs 2,408 crore, against Rs 2,175 crore in the corresponding quarter of the previous year. Go Digit experienced rising expenses in Q2 FY26, including commissions and brokerage costs, which amounted to Rs 603 crore. These expenses stood at Rs 573 crore in Q2 FY25. Employee benefits also saw a slight increase, with expenses totaling Rs 91.5 crore in Q2 FY26. These increases contributed to the overall 10% rise in the firm's expenses during the quarter to Rs 2,334 crore. In terms of claims, the company paid out Rs 1,098 crore in claims during Q2 FY26 against Rs 851 crore in Q2 FY25. There was also a change in outstanding claims, decreasing to Rs 426 crore in Q2 FY26 compared to Rs 483 crore in Q1 FY25. The company’s PAT (Profit after Tax) increased by 30% to Rs 116.5 crore in Q2 FY26 from Rs 89.5 crore in Q2 FY26. For the half year, the company’s profit rose 34% to Rs 255 crore in H1 FY26 from Rs 191 crore in H1 FY25. At the end of the day, Go Digit’s share price was trading at Rs 363.75 per share, giving the company a total market capitalization of Rs 33,586 crore ($3.8 billion).

CarTrade posts Rs 193 Cr in revenue, profit doubles to Rs 64 Cr

EntrackrEntrackr · 20d ago
CarTrade posts Rs 193 Cr in revenue, profit doubles to Rs 64 Cr
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CarTrade posts Rs 193 Cr in revenue, profit doubles to Rs 64 Cr Automobile classifieds platform CarTrade announced its financial results for the second quarter of FY26, reporting a 25% year-on-year increase in revenue and a two-fold rise in profit compared to Q2 FY25. CarTrade’s revenue from operations grew 25% to Rs 193.41 crore in Q2 FY26 in contrast to Rs 154.2 crore in Q2 FY25. The company also added another 28.73 crore in other income, taking its total income for Q2 FY26 to Rs 222.14 crore. The Mumbai-based company operates across three segments: Consumer, Remarketing, and Classifieds. Revenue from the Consumer segment accounted for 39.4% of total operating income, rising to Rs 76.24 crore in Q2 FY26 from Rs 55.62 crore in Q2 FY25. The Remarketing and Classifieds segments contributed Rs 62.62 crore and Rs 55.5 crore, respectively. On the expense front, employee benefits accounted for 55% of total spending, increasing 11% to Rs 77.5 crore during the period. CarTrade’s total expenses grew modestly by 5% to Rs 142.2 crore in Q2 FY26. A 25% year-on-year rise in operating revenue, coupled with controlled expenses, helped the firm double its profit to Rs 64 crore in Q2 FY26 from Rs 30.7 crore in Q2 FY25. On a half-yearly basis, the company’s revenue rose 24% year-on-year to Rs 366.45 crore, while its profit more than doubled to Rs 111.13 crore. The firm has also appointed Varun Sanghi as its Chief Strategy Officer (CSO) and senior management personnel.

Swiggy posts Rs 3,600 Cr revenue in Q2; Instamart contributes 13.6%

EntrackrEntrackr · 11m ago
Swiggy posts Rs 3,600 Cr revenue in Q2; Instamart contributes 13.6%
Medial

Foodtech and quick commerce giant Swiggy has managed a 30.3% quarter-on-quarter growth in its operating revenue which spiked to Rs 3,601 crore during Q2 FY25 as compared to Rs 2,763 crore Q2 FY24. This growth was largely driven by the expansion of its quick commerce businesses which grew 135% in the last quarter. Swiggy’s food delivery business continues to be a major contributor, accounting for 43.7% of the total collection in Q2 FY25. Revenues from this vertical grew 23% to Rs 1,575 crore from Rs 1,281 crore in Q2 FY24. The company’s quick commerce segment also saw remarkable growth, with revenue surging by 135% to Rs 490 crore in Q2 FY25 from Rs 208 crore in Q2 FY24. The segment's gross order value (GOV) growth was driven by an increase in order frequency and the addition of new stores, contributing significantly to the company’s overall revenue. Scootsy Logistics contributed a major 40% of Swiggy’s overall operating income. Income from this entity increased by 22% quarter-on-quarter to Rs 1,452 crore in Q2 FY25 from Rs 1,190 crore in Q2 FY24. Scootsy alone earned a total revenue of Rs 5,196 crore of revenue in FY24. This vertical is engaged in the business of supply chain services and distribution. Swiggy’s Dine Out, Genie, Swiggy Mini and other non-operating income took its total revenue to Rs 3,686 crore in Q2 FY25. On the cost side, the procurement of FMCG products for supply chain distribution formed 32.2% of its overall cost which increased by 16.1% to Rs 1,388 crore in Q2 FY25. Meanwhile, the delivery charges saw a modest 4.7% growth to Rs 1,095 crore in Q2 FY25. Swiggy spent Rs 607 crore and Rs 605 crore on employee benefits and advertising, respectively. Its legal, infrastructure, and other overheads pushed the overall cost up by 22.9% to Rs 4309 crore in Q2 FY25. The 30.3% scale and controlled expenditure helped Swiggy to decrease its losses by 4.9% to Rs 625 crore in Q2FY25 from Rs 657 crore in Q2FY24. It spent Rs 1.19 to earn a rupee in Q2FY25.

TBO posts Rs 567 Cr revenue and Rs 67 Cr profit in Q2 FY26

EntrackrEntrackr · 14d ago
TBO posts Rs 567 Cr revenue and Rs 67 Cr profit in Q2 FY26
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TBO posts Rs 567 Cr revenue and Rs 67 Cr profit in Q2 FY26 Business-focused travel distribution platform Travel Boutique Online (TBO) has announced its quarterly results. The Gurugram-based company recorded a 26% year-on-year increase in its revenue while its profits increased by 12% during the second quarter of the ongoing fiscal year Q2 FY26. TBO’s operating revenue increased by 26% to Rs 567 crore in Q2 FY26 from Rs 450 crore in Q2 FY25, its unaudited financial statements sourced from the National Stock Exchange (NSE) show. Income from booking of hotels and packages accounted for 84% of TBO’s revenue which increased 34% year-on-year to Rs 479 crore in Q2 FY26 from Rs 357 crore in Q2 FY25. Meanwhile, income from air ticketing and other allied services brought Rs 78 crore and other income sources added Rs 10 crore to the firm’s topline. Since hotels and packages were the largest revenue source, the service fees associated with them naturally became the biggest cost center, accounting for 40% of the total expenditure, which amounted to Rs 204 crore in Q2 FY26. Its employee benefits stood at Rs 108 crore in the last quarter. Overall, the total cost was up by 28% to Rs 504 crore in Q2 FY26 from Rs 394 crore in Q2 FY25. TBO Tek posted a 12% increase in its profits to Rs 67.5 crore in Q2 FY26 from Rs 60 crore in Q2 FY25. On a half-yearly basis, the company’s profit increased 8% to Rs 130.5 crore in H1 FY26 from Rs 121 crore in H1 FY25. TBO Tek’s stock is trading at Rs 1,497 with a total market capitalization of Rs 16,261 crore. TBO recently announced that its step-down subsidiary TBO LLC acquired Classic Vacations LLC, a US-based luxury travel company, for up to $125 million in an all-cash deal.

Awfis posts Rs 257 Cr revenue in Q1 FY25, improves profits

EntrackrEntrackr · 1y ago
Awfis posts Rs 257 Cr revenue in Q1 FY25, improves profits
Medial

Co-working solutions provider Awfis filed its first quarterly results after going IPO. The Delhi based company witnessed 10.9% revenue growth with the profits spiking 102.9% during the same period. Awfis’ revenue increased to Rs 258 crore in Q1 FY25 from Rs 232 crore in Q4 FY24, as per its unaudited consolidated financial statements filed with the National Stock Exchange (NSE). Income from renting of co-working space and allied services contributed 72% of the firm’s total operating revenue while construction and fit-out projects contributed 26% . On a sequential basis, its operating revenue increased by 37.31% from Rs 187.7 crore in Q1 FY24. Awfis’ total expense increased by 10.57% to Rs 265.08 crore in Q1 FY25 from Rs 239.79 crore in Q4 FY24. Subcontracting cost and purchase of traded goods accounted for 24% of the total expense. Employee benefit, depreciation and amortization and finance costs were some other major expenses for the 10-year-old company. The consistent growth in scale helped Awfis to double its profit which stood at Rs 2.78 crore in Q1 FY25 as compared to Rs 1.37 crore in Q4 FY24. For context, Awfis posted a loss of Rs 8.3 crore in Q1 FY24. Awfis is currently trading at Rs 669.7 (as at the end of August 13) with the market capitalization of Rs 4648 crore (approximately $560 million).

WeWork posts Rs 575 Cr revenue and Rs 6 Cr profit in Q2 FY26

EntrackrEntrackr · 7d ago
WeWork posts Rs 575 Cr revenue and Rs 6 Cr profit in Q2 FY26
Medial

Managed office space provider WeWork India has announced its financial results for Q2 FY26 after debuting on Indian stock exchanges last month. The company posted a profit of Rs 6.4 crore in the second quarter. The company’s revenue from operations grew 23% year-on-year to Rs 575 crore in Q1 FY26 from Rs 469.5 crore in the same quarter last year, according to its financial statement sourced from NSE. Other income contributed an additional Rs 10.5 crore which drove its total income of Rs 585.5 crore for the quarter. On a half-yearly basis, the firm’s revenue increased 21% to Rs 1,110 crore in H1 FY26 from Rs 918 crore in H1 FY25. On the expense side, depreciation was the largest burn which stood at Rs 231 crore, whereas employee benefits expenses increased to Rs 48 crore. Finance costs amounted to Rs 153 crore which pushed the firm’s total cost to Rs 579 crore in the second quarter. WeWork’s profit decreased by 97% to Rs 6.4 crore in Q2 FY26 as compared to Rs 203 crore in Q2 FY25. (It's worth noting that the company had received a deferred tax credit of Rs 235 crore in Q2 FY25, which contributed a PAT of Rs 203 crore.) On a half-yearly basis, the company posted a loss of Rs 8 crore in H1 FY26 as compared to a profit of Rs 174.5 crore in H1 FY25. WeWork India’s Rs 3,000 crore initial public offering (IPO) was entirely an offer-for-sale (OFS), with the promoter entity, Embassy Buildcon LLP, selling shares worth Rs 2,294 crore, and 1 Ariel Way Tenant, an affiliate of WeWork Global, offloading shares valued at around Rs 706 crore. WeWork India made a flat debut on Indian stock exchanges, listed at Rs 650 per share, only 0.3% premium over its issue price of Rs 648. At the end of today’s trading session, WeWork India’s shares closed at Rs 623.9, giving the company a total market capitalization of Rs 8,361 crore ($942 million).

Awfis posts Rs 318 Cr revenue and Rs 15 profits in Q3 FY25

EntrackrEntrackr · 9m ago
Awfis posts Rs 318 Cr revenue and Rs 15 profits in Q3 FY25
Medial

Awfis posts Rs 318 Cr revenue and Rs 15 profits in Q3 FY25 Co-working solutions provider Awfis has recorded a 44% year-on-year growth in its scale during the third quarter of the ongoing fiscal year. Moreover, the profits for the Delhi-based startup stood at Rs 15.1 crore in the same period. Awfis’ revenue increased to Rs 318 crore in Q3 FY25 from Rs 221 crore in Q3 FY24, as per its unaudited consolidated financial statements filed with the National Stock Exchange (NSE). Founded in 2015, Awfis offers customized office spaces for startups, SMEs, and large corporations, including ancillary services like food and beverages, IT support, and infrastructure services. Income from co-working space rentals and allied services formed 76.7% of the total operating revenue, which grew by 52.5% to Rs 244 crore in Q3 FY25 from Rs 160 crore in Q3 FY24. Income from construction and fit-out projects, facility management, and the sale of food items were other revenue drivers for Awfis. The company posted revenue of Rs 868 crore in the first nine months of the ongoing fiscal year, with a positive bottom line standing at Rs 56.6 crore. Awfis’ total expenses increased by 36.6% year-on-year to Rs 317 crore in Q3 FY25 from Rs 232 crore in Q3 FY24. Subcontracting costs and the purchase of traded goods accounted for 22% of the total expenses. Employee benefits, depreciation, amortization, and finance costs were some other major expenses for the 10-year-old company. The 44% YoY growth helped Awfis register a profit of Rs 15.1 crore in Q3 FY25, compared to a loss of Rs 6.2 crore in Q3 FY24. On a sequential basis, Awfis recorded a profit of Rs 38.6 crore in the second quarter of the ongoing fiscal year. Awfis ended the day at Rs 664 per share, reflecting a 3.36% decline from its opening price. The company's total market capitalization stood at Rs 4,702 crore (approximately $559 million). Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever.

Smartworks cuts losses by 81% in Q2 FY26; posts Rs 425 Cr revenue

EntrackrEntrackr · 11d ago
Smartworks cuts losses by 81% in Q2 FY26; posts Rs 425 Cr revenue
Medial

Smartworks cuts losses by 81% in Q2 FY26; posts Rs 425 Cr revenue Managed office space provider Smartworks has posted its quarterly results for the second quarter of the ongoing fiscal year. The firm recorded a sharp 81% cut in losses during Q2 FY26 alongside double-digit revenue growth. Smartworks’ revenue from operations rose 21% year-on-year to Rs 425 crore in the quarter ending September 2025 from Rs 350 crore in Q2 FY25, according to its unaudited consolidated financial statements filed with the National Stock Exchange (NSE). Smartworks generated most of its revenue from developing, designing, and licensing serviced office spaces and fit-out services, with additional income from other ancillary offerings. It also booked Rs 16 crore from non-operating activities, pushing total income to Rs 441 crore in the quarter, compared to Rs 361 crore in Q2FY25. On a half-yearly basis, revenue was up nearly 21% to Rs 804 crore in H1 FY26 from Rs 664 crore in H1 FY25. On the cost front, depreciation remained the largest expense at Rs 198 crore, followed by operating expenses of Rs 122 crore. Finance costs, employee benefits, and marketing took the total expenditure to Rs 445 crore, compared to Rs 382 crore in the same quarter last year. The decent growth in scale and cost control mechanisms helped the firm narrow its net loss to Rs 3 crore in Q2 FY26 from Rs 16 crore a year ago. For the six months ended September 2025, its losses were down by 82% to Rs 7 crore in H1 FY26 from Rs 39 crore in H1 FY25. Smartworks listed on the NSE earlier this year at Rs 435 per share, a 7% premium to its IPO price of Rs 407. The stock closed today at Rs 596, valuing the company at Rs 6,818 crore (approximately $769 million). Smartworks competes with Awfis, which went public in May 2024 and currently trades at Rs 595. Awfis posted Rs 355 crore in revenue and Rs 10 crore in net profit in Q1 FY26. The company is yet to file its return for the second quarter.

Eternal posts 2.8X revenue growth in Q2 FY26; EBIT remains negative at Rs 137 Cr

EntrackrEntrackr · 1m ago
Eternal posts 2.8X revenue growth in Q2 FY26; EBIT remains negative at Rs 137 Cr
Medial

Eternal posts 2.8X revenue growth in Q2 FY26; EBIT remains negative at Rs 137 Cr Foodtech and quick commerce platform Eternal (formerly Zomato) released its financial results for Q2 FY26 on Thursday. The Gurugram-based company reported a 63% decline in profit for the quarter ending September 2025, while its revenue nearly tripled. Importantly, excluding other income of Rs 352 crore and interest costs of Rs 86 crore, Zomato’s parent Eternal posted a negative EBIT of Rs 137 crore in the last quarter. Eternal’s revenue from operations grew 2.8X to Rs 13,590 crore in Q2 FY26 in contrast to Rs 4,799 crore in Q2 FY25, as per the firm’s consolidated financial results sourced from the National Stock Exchange (NSE). Eternal operates several business units, including a food marketplace, Hyperpure, and a quick commerce platform, BlinkIt. Income from Eternal’s food delivery business (Zomato) contributed 18% of the total revenue in Q2 FY26, growing 23% to Rs 2,485 crore from Rs 2,012 crore in Q2 FY25. Revenue from the quick commerce segment (Blinkit) saw significant growth, rising 8.5X to Rs 9,891 crore in Q2 FY26 from Rs 1,156 crore in Q2 FY25. However, Hyperpure saw a fall of 30.5% to Rs 1023 crore during the second quarter of FY26. Earnings from the 'Going-out' segment and other non-operating income brought the Eternal Group’s total revenue to Rs 13,942 crore in Q2 FY26. On a half yearly basis, the company’s revenue grew 2.3X to Rs 20,757 crore in H1 FY26 as compared to Rs 9,005 crore in H1 FY25. The cost of material accounted for 56% of the total expense; this cost grew by 5.8X to Rs 7,742 crore in Q2 FY26 from Rs 1,334 crore in Q2 FY25. Delivery and related charges increased by 58% to Rs 2,213 crore in Q2 FY26. Employee benefit cost rose 46% to Rs 865 crore while spending on advertising and marketing almost doubled to Rs 806 crore in Q2 FY26. Overall, the company’s total expenditure increased by 2.8X to Rs 13,813 crore in Q2 FY26, up from Rs 4,783 crore in Q2 FY25. The 5.8X surge in material cost led the company's profit to fall by 63% to Rs 65 crore in Q2 FY26 from Rs 176 crore in Q2 FY25. On a per-unit basis, the Gurugram-based company spent Rs 1.02 to earn every rupee of revenue during the quarter ending September 2025. Eternal’s share price (as of 15:14 PM) is trading at Rs 342.85, giving the foodtech platform a market capitalization of Rs 3,32,985 crore (approximately $37.92 billion).

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