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Ideaforge’s profits dwindle 89% in Q1 FY25

EntrackrEntrackr · 11m ago
Ideaforge’s profits dwindle 89% in Q1 FY25
Medial

Drone manufacturer Ideaforge’s revenue from operations declined by 15.7% to Rs 86 crore in Q1 FY25 from Rs 102 crore in Q4 FY24. However, the company remained profitable in the first quarter of the ongoing fiscal year, according to its quarterly result published on NSE. The Mumbai-based company demonstrated strong financial standing during the previous fiscal year ending March 2024, marking a 68.8% year-on-year growth to Rs 314 crore with its profits increasing 41.3% to Rs 45.2 crore during the fiscal year ending March 2024. However, the firm was unable to replicate FY24’s growth run in Q1 FY25 due to a decline in drone sales, which also eroded its profits. The sale of unnamed aerial vehicles (UAVs) was the sole source of Ideaforge’s operating revenue in the last quarter. The company also made Rs 6 crore from the financial assets tallying its overall revenue to Rs 92 crore in Q1 FY25 from Rs 108 crore in Q4 FY24. For Ideaforge, the cost of materials for making drones accounted for 64% of the overall expenditure. As production scaled down, this cost decreased by 2.4%, dropping to Rs 57.6 crore in Q1 FY25. The firm’s spending on employee benefits, finance cost, legal, professional advertising, and other overheads took its overall cost to Rs 91 crore in Q1 FY25 from Rs 93 crore in Q4 FY25. With a 15.7% decline in quarter-on-quarter growth, Ideaforge’s profits dropped by 89.3% to Rs 1.1 crore in Q1 FY25. Ideforge’s IPO was valued at Rs 567 crore, comprising a fresh issue of Rs 240 crore, with the remainder offered for sale. The company debuted on the stock exchange on July 23 with a share price of Rs 1,300, marking a significant 93% gain compared to its price band of Rs 638-672 per share at the time of listing. Ideaforge’s share price is currently trading at Rs 761.95 (as of 12.42 PM). The company also hit its 52 weeks low share price at Rs 618 on 04 June this year. According to Fintrackr’s estimates, its current total market capitalization stood at Rs 3,275 crore or $395 million.

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Yatra profits plunges 27% in Q1 FY25; revenue continues to fall

EntrackrEntrackr · 11m ago
Yatra profits plunges 27% in Q1 FY25; revenue continues to fall
Medial

Online travel aggregator Yatra has continued to lose scale as well as profits quarter on quarter. The Gurugram-based firm’s revenue declined 6.4% during the first quarter of FY25. At the same time, its profits plunged 27.5%. Yatra’s revenue from operations decreased to Rs 100.8 crore in Q1 FY25 from Rs 107.67 crore in Q4 FY24, its consolidated unaudited financials sourced from National Stock Exchange (NSE) shows. Yatra recorded Rs 422.3 crore of revenue in the fiscal year ending March 2024 with the profits of Rs 4.4 crore. Income from air ticketing was the largest source of revenue followed by hotel, packages and other services. It also made Rs 8 crore from financial sources tallying the firm’s overall income to Rs 109 crore in Q1 FY25. The travel aggregator firm spent 32% of the overall expenditure on employee benefits followed by service and payment gateway costs. Its spending on marketing, legal, information technology, and other costs pushed its overall expense to Rs 104.75 crore in Q1 FY25 against Q4 FY24. The continued depletion of scale cannibalized Yatra’s profit by 27.47%, bringing it down to Rs 4.04 crore in Q1 FY25 against Rs 5.57 crore in Q4 FY24. On a unit level, the firm spent Rs 1.04 to earn a rupee in Q1 FY25. Yatra is currently trading at Rs 132.5 with a 4.9% decline in its share price (as of 12.58 PM today). As per Fintrackr’s estimates, its total market capitalization stood at Rs 2,079 crore (approximately $250 million).

Zomato crosses $25 Bn market cap with Rs 253 Cr profits in Q1FY25

EntrackrEntrackr · 11m ago
Zomato crosses $25 Bn market cap with Rs 253 Cr profits in Q1FY25
Medial

Foodtech and quick commerce platform Zomato on Thursday released its financial results for the first quarter of the ongoing fiscal year (Q1 FY25). The Gurugram-based company has reported around an 18.1% increase in revenue with a 44.6% growth in profits. Zomato’s revenue from operations grew to Rs 4,206 crore in Q1 FY25 as compared to Rs 3,562 crore in Q4 FY24, its consolidated financial results sourced from the National Stock Exchange (NSE) show. Zomato’s food and delivery biz accounted for 46.17% of the total collection in Q1 FY25 which grew 11.7% to Rs 1,942 crore in Q1 FY25. The revenue from Hyperpure supplies (B2B) and quick commerce vertical (Blinkit) grew 27.4% and 22.5% to Rs 1,212 crore and Rs 942 crore, respectively. Income from “going-out” and other non-operating income took Zomato Group’s overall revenue to Rs 4,442 crore in Q1 FY25. Being a food tech major, the cost for delivery and related charges formed 31.6% of the overall expenditure which increased 18.8% to Rs 1,328 crore in Q1 FY25. The firm’s spending on procurement, employee benefits, advertising, and marketing pushed its overall expenditure to Rs crore 4,203 in Q1FY25 from Rs 3,636 crore in Q4FY24. A stellar growth in scale allowed Zomato to record a 44.6% spike in its profits to Rs 253 crore in Q1 FY25 from Rs 175 crore in Q4 FY24. On a unit level, the company spent Rs 0.99 to earn a rupee in Q1 FY25. With the consistent gain in its market cap, the food tech firm also rewarded its employees with an additional ESOP plan of $458 million. Zomato’s initial public offering opened at Rs 115, a 51% increase from its price band of Rs 76. The company’s current share price is Rs 237.9 (as of 03.40 PM), with a total market capitalization of over $25 billion, which led to Deepinder Goyal becoming a billionaire last month.

Delhivery turns profitable with Rs 52 Cr PAT in Q1 FY25

EntrackrEntrackr · 11m ago
Delhivery turns profitable with Rs 52 Cr PAT in Q1 FY25
Medial

Logistics company Delhivery is turning around the table by registering notable profits during the quarter ending June 2025, with a scale crossing Rs 2,100 crore in the same period (Q1 FY25). Delhivery’s operating revenue grew 4.6% to Rs 2,172 crore in Q1 FY25 from Rs 2,076 crore in Q4 FY24, according to the company’s unaudited consolidated quarterly report filed with the National Stock Exchange. Logistics services including (warehousing, last mile logistics, designing and deploying logistics management systems) were the primary sources of revenue for Delhivery. The Gurugram-based company added another Rs 110 crore from financial sources tallying the overall income to Rs 2,282 crore in Q1 FY25 from Rs 2,195 crore in Q4 FY24. For the logistics firm Delhivery, the cost of freight and handling formed 71% of its overall expenditure. To the tune of scale, this cost grew 4% to Rs 1,579 crore in Q1 FY25 from Rs 1,519 crore in Q4 FY24. The firm spending on employee benefits, advertising, finance, legal, and other expenditures took the overall expenditure to Rs 2,223 crore in Q1 FY25 compared to Rs 2257 crore in Q4 FY24. The continued growth in scale and reduction in total cost enabled Delhivery to turn black with Rs 52 crore in profits in Q1 FY24 as compared to Rs 68 crore loss in Q4 FY24. On a unit level, the firm spent Rs 1.02 to earn a rupee in Q1 FY25. Delhivery has also granted 1,66,122 employee stock options under its existing ESOP Plan 2012, tallying its total ESOP pool to 1.73 million, according to a different disclosure filed by Delhivery through NSE. Delhivery’s share price is currently at Rs 414.4 (as of August 2) and its total market capitalization stood at Rs 30,632 crore or $3.6 billion.

Infibeam Avenue reports 43% growth in PAT in Q1 FY25

EntrackrEntrackr · 11m ago
Infibeam Avenue reports 43% growth in PAT in Q1 FY25
Medial

Fintech firm Infibeam Avenues on Friday released its financial results for the first quarter of the ongoing fiscal year (Q1 FY25). The company witnessed a 3.6% increase in gross revenue whereas its profit spiked 43% growth during the quarter ending June 2025. Infibeam Avenues’s gross revenue grew to Rs 753 crore in Q1 FY25 from Rs 727 crore in Q4 FY24, according to the company’s unaudited consolidated quarterly report filed with the National Stock Exchange. The payment business formed 93.6% of the total revenue which stood at Rs 705 crore in Q1 FY25 while the income from providing customized e-commerce solutions brought Rs 39.3 crore to its coffers. Infibeam claims to have over 10 million merchants, with an average daily addition of more than 2,550 merchants in Q1 FY25. At the end, its other operating and financial income pushed Infibeam Avenues’ overall revenue to Rs 781 crore in Q1 FY25 from Rs 743 crore in Q4 FY24. On the cost front, the operating expenses (including payment processing cost) formed 90% of the overall expenditure. This cost remained flat at Rs 634 crore in Q1 FY25. The firm’s spending on employee benefits, legal, and other overheads took its overall cost up by 3.5% to Rs 703 crore in Q1 FY25 from Rs 679 crore in Q4 FY24. The increase in other income and consistent growth in scale helped Infibeam to register a 42.9% spike in its profits to Rs 70 crore in Q1 FY25 from Rs 49 crore in Q4 FY24. On a unit level, The Ahmedabad-based company spent Rs 0.93 to earn rupee in Q1 FY25. The company also acquired a majority stake (54%) in Rediff.com. The acquired company will become a subsidiary of Infibeam Avenue. “With this synergy, we are poised to unlock new dimensions of growth, redefining the essence of cloud and fintech engagement,” said Vishal Mehta, Chairman and MD of Infibeam Avenues. Infibeam Avenue is currently trading at Rs 32.42 (as of 03.00 PM) and its total market capitalization stood at Rs 9,019 crore or $1.1 billion.

PB Fintech reports 7.5% dip in Q1 FY25 revenue; maintains profit

EntrackrEntrackr · 11m ago
PB Fintech reports 7.5% dip in Q1 FY25 revenue; maintains profit
Medial

Policybazaar and Paisabazaar’s parent, PB Fintech, reported a 7.3% decline in its revenue during the first quarter of the ongoing fiscal (FY25) year. The firm, however, managed to keep its grip on the profit numbers in the same period as compared to the previous quarter (Q4 FY24). PB Fintech’s revenue slipped to Rs 1,010 crore in Q1 FY25 as compared to Rs 1,090 crore during the quarter ended March 2024, as per the company’s disclosure with the National Stock Exchange (NSE). Insurance broking formed 83.6% of the collections which decreased 7.5% to Rs 845 crore during Q1 FY25. The income from other operating activities, which include marketing, advertising, consulting, and support services, plunged 5.7% to Rs 165 crore in the same period. The firm earned Rs 100 crore from non-operating activities including financial income, tallying its overall revenue to Rs 1,111 crore in Q1 FY24. For PB Fintech, employee benefits cost remained the largest cost center forming 42% of the overall expenditure. This cost saw a mere increase of 3.4% QoQ to Rs 455 crore in the past quarter (Q1 FY25). The company’s spending on finance, advertising-promotion, network, internet, and other overheads pushed its total expenditure to Rs 1,081 crore in Q1 FY25 from Rs 1,114 crore in Q4 FY24. Despite the decline in scale, PB Fintech has managed to maintain steady profits, which stood at Rs 60 crore in Q1 FY25. On a unit level, the Gurugram-based firm spent Rs 1.07 to earn a rupee in Q1 FY25. PB Fintech ended the day (August 6) with a share price of Rs 1,425 and its total market capitalization was Rs 64,984 crore, or $7.2 billion.

TBO reports Rs 418 Cr revenue and Rs 61 Cr profits in Q1 FY25

EntrackrEntrackr · 11m ago
TBO reports Rs 418 Cr revenue and Rs 61 Cr profits in Q1 FY25
Medial

Business focused travel distribution platform Travel Boutique Online (TBO) has announced its first quarterly results since going public. The Gurugram-based company saw an increase in both revenue and profit during the first quarter of the current fiscal year. TBO’s operating revenue increased by 13.4% to Rs 418.46 crore in Q1 FY25 from Rs 369 crore in Q4 FY24, its unaudited consolidated financial statements sourced from National Stock Exchange (NSE) show. Income from booking of hotels and packages accounted for 76.63% of TBO’s revenue which increased to Rs 227 crore in Q1 FY25. Meanwhile, income from air ticketing brought Rs 23 core to the firm’s topline. When it comes to cost, TBO’s total expense grew by 11.1% to Rs 358.4 crore in Q1 FY25 from Rs 322.62 crore in Q4 FY24. Services fee was the largest cost center which accounted for 38.7% of the total expense. This expenditure stood at Rs 139 crore in Q1 FY25. The company also spent Rs 82.16 crore on salaries and other employee benefit schemes. TBO growth in scale enabled the firm to post a 31.3% spike in profits to Rs 60.91 crore in Q1 FY 25 from Rs 46.39 crore in Q4 FY24. For context, the company posted Rs 200 crore profits during FY24. The company went public in May this year, raising Rs 400 crore through a fresh issue and offering up to 12,508,797 equity shares for sale. As of August 13, TBO Tek is trading at Rs 1,632, with a total market capitalization of Rs 17,721 crore (around $2.1 billion).

Mamaearth hits all-time high profit during Q1 FY25

EntrackrEntrackr · 11m ago
Mamaearth hits all-time high profit during Q1 FY25
Medial

Honasa Consumer Limited, the parent firm of D2C brand MamaEarth, on Friday released its financial results for the first quarter of the ongoing fiscal year (Q1 FY25). The company reported a 17.6% increase in revenue QoQ while its profit spiked 33.3% during the quarter ended June 2024. MamaEarth’s revenue from operations increased to Rs 554 crore in Q1 FY25 from Rs 471 crore in Q4 FY24, according to its unaudited consolidated quarterly report filed with the National Stock Exchange. The sale of personal and beauty care products was the sole source of revenue for Honasa Consumer. The firm also made Rs 19 crore from financial sources, tallying its overall income to Rs 573 crore in Q1 FY25. Notably, the firm posted Rs 1,920 crore of revenue, marking a 28.7% year-on-year growth during the fiscal year ending March 2024 with a net profit of Rs 147 crore. For the D2C brand, the cost of procurement of materials accounted for 30% of the total expenditure which saw an 11.3% increase to Rs 157 crore in Q1 FY25. Its employee benefits, advertising, freight, legal, and other overheads took the overall cost to Rs 520 crore in Q1 FY25. At the end, profits of the Peak XV-backed firm grew 33.3% to Rs 40 crore in Q1 FY25 from Rs 30 crore in Q4 FY24. This is the highest profitable quarter for MamaEarth since its public debut. Importantly, the firm registered a massive 71% gross margin in the same period. Honasa Consumer was trading at Rs 473 (as of August 9) with a total market capitalization of Rs 15,336 crore (around $1.84 billion).

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

EntrackrEntrackr · 11m 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).

Ixigo records 78% quarterly growth in PAT in Q1 FY25

EntrackrEntrackr · 11m ago
Ixigo records 78% quarterly growth in PAT in Q1 FY25
Medial

Online travel aggregator (OTA) Ixigo announced its financial results on Thursday for the first quarter of the financial year ending March 2025. The company’s revenue from operations went up 10.3% to Rs 181.88 crore during Q1 of FY25 as compared to Rs 164.85 crore in Q4 of FY24, according to the company’s unaudited consolidated quarterly report filed with the National Stock Exchange. Compared to the corresponding quarter of FY24 (Q1 FY24), Ixigo scaled up 16.18% from Rs 156.55 crore. The Gurugram-based company generated the majority (55.23%) of its operating revenue from train ticketing amounting to Rs 100.46 crore in Q1 FY25. Flight and bus booking services contributed 22.82% and 21.79% to the company’s coffers, respectively. Besides operating revenue, the firm also earned Rs 2.4 crore via interest and gains from financial assets during the quarter which took its total topline to Rs 184.28 crore. Meanwhile, Ixigo’s gross transaction value (GTV) surpassed Rs 2,988 crore in Q1 FY25 with 27% year-on-year growth. On the expense front, Ixigo’s employee benefits costs comprised 22.60% of the total expenditure. This cost increased 9.68% to Rs 37.96 crore in Q1 of FY25 from Rs 34.61 crore in the previous quarter (Q4 of FY24). It is worth noting that the company did not disclose the breakup of other expenses incurred during the period. On the line of scale, the company’s total expenses went up 10.3% to Rs 168 crore in Q1 of FY25 in comparison to Rs 152.36 crore in Q4 FY24. In the end, Ixigo’s bottom line flourished over two-fold during the quarter to Rs 14.85 crore against Rs 7.35 crore in Q4 FY24. Compared to the corresponding quarter of FY24 (Q1 FY24), its profits surged 77.63% from Rs 8.36 crore. On a unit level, Ixigo spent Re 0.92 to earn a rupee of operating income during the quarter. After Thursday’s trading session, Ixigo’s share is trading at around Rs 170 per share with a market cap of Rs 6,586 crore or close to $800 million.

Go Digit’s revenue falls in Q1 FY25 but profit spikes 90%

EntrackrEntrackr · 11m ago
Go Digit’s revenue falls in Q1 FY25 but profit spikes 90%
Medial

Go Digit General Insurance’s revenue from operations (net premium) decreased 8% to Rs 1,824 crore in Q1 FY25 from Rs 1,982 crore in Q4 FY24. However, its gross premium stood at Rs 2,660 crore in the first quarter of the ongoing fiscal year. The Bengaluru-based company also demonstrated strong financial standing during the previous fiscal year ending March 2024, marking a 37.4% year-on-year growth to Rs 7,096 crore (net premium) with its profits ballooning over 5X to Rs 182 crore during the last fiscal year Besides the operational income, Go Digit also made Rs 253 crore from its investments, tallying its overall revenue q Rs 2,077 crore in Q1 FY25 from Rs 2,692 crore in Q4 FY24. For the general insurance firm, the claims paid were naturally the largest cost center forming 64.48% of the overall expenditure. Akin to its scale, this cost decreased by 10% to Rs 1,285 crore in Q1FY25. The firm’s spending on commission, employee benefits, business development, sales promotion, and other overheads took its overall expense to Rs 1,993 crore in Q1 FY25 from Rs 2,198 crore in Q4 FY25. Despite a slight decrease in scale, Go Digit managed to control its costs by 9.3% QoQ, leading to a significant profit increase. Their profits rose by 90.6%, to Rs 101 crore in Q1FY25 from Rs 53 crore in Q4FY24. Sequentially, the firm posted 5X growth in profits during FY24. Go Digit General Insurance’s IPO was valued at Rs 2,616 crore, comprising a fresh issue of Rs 1,250 crore and the remainder offered for sale. The company debuted on the stock exchange on May 23 this year with a share price of Rs 286, marking a 5.1% gain compared to their price band of Rs 258-272 per share. GoDgit’s share price is currently trading at Rs 349.5 (as of 12.13 PM), According to Entrackr’s estimates, its total market capitalization stood at Rs 32,077 crore or $3.86 billion.

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