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Ixigo posts Rs 242 Cr revenue Q3 FY25; PBT jumps 54%

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Ixigo posts Rs 242 Cr revenue Q3 FY25; PBT jumps 54%
Medial

Ixigo released its financial results for the third quarter of the ongoing fiscal year (Q3 FY25) on Tuesday. The company reported a 41% growth in scale, while its year-on-year (YoY) profits declined by 49.3%. Ixigoโ€™s revenue from operations surged 41.5% to Rs 242 crore in Q3 FY25 in contrast to Rs 171 crore in Q3 FY24, as per the firmโ€™s consolidated financial results sourced from the National Stock Exchange. The company generated the majority (49.6%) of its operating revenue from train ticketing which increased to Rs 120 crore in Q3 FY25 from Rs 95 crore in Q3 FY24. Flight and bus booking services contributed 28% and 21.4% respectively. Besides operating revenue, the firm also earned Rs 5.2 crore via interest and gains from financial assets during the quarter, taking its total topline to Rs 247 crore in Q3 FY25. Ixigoโ€™s gross transaction value (GTV) increased 48% year-on-year to Rs 4,036 crore during the third quarter of the ongoing fiscal year. Employee benefits expenses rose by 17% YoY to Rs 41 crore. Overall, the company's total costs grew 42.7% to Rs 224 crore in Q3 FY25 compared to Rs 157 crore in Q3 FY24. Ixigo's net profits dropped by 49.3% to Rs 15.5 crore in Q3 FY25 from Rs 30.6 crore in Q3 FY24, attributed to a deferred tax income of Rs 16.7 crore booked in Q3 FY24. On a PBT basis, profits showed a significant QoQ increase of 54% to Rs 21.4 crore in Q3 FY25 from Rs 13.9 crore in Q3 FY24. Ixigo is currently trading at Rs 127.7 with a total market capitalization of Rs 4,886 crore or $581 million.

Info Edge posts Rs 722 Cr revenue in Q3 FY25; profit jumps 2.5X

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Info Edge posts Rs 722 Cr revenue in Q3 FY25; profit jumps 2.5X
Medial

Info Edge posts Rs 722 Cr revenue in Q3 FY25; profit jumps 2.5X Info Edge, the parent company of Naukri and 99acres, released its unaudited financial results for Q3 FY25. According to the companyโ€™s update sourced from the National Stock Exchange (NSE), revenue from operations grew by 15.2% to Rs 722 crore in Q3 FY25 from Rs 627 crore in Q3 FY24. The company recorded Rs 2,100 crore in revenue during the first nine months of FY25, with profits reaching Rs 632 crore. Info Edge derives the majority of its revenueโ€”73%โ€”from Naukri.com, which contributed Rs 527 crore in Q3 FY25, marking a 12.3% year-on-year growth compared to Q3 FY24. Meanwhile, revenue from 99 acres reached Rs 104 crore, while the Jeevansathi and Shiksha segments collectively generated Rs 91 crore during the same quarter. The company added another Rs 187 crore from interest on deposits and investments, which pushed its overall revenue to Rs 9,094 crore in Q3 FY25, compared to Rs 660 crore in Q3 FY24. Info Edge spent 62.6% of its overall expenditure on employee benefits, which increased by a modest 9.7% year-on-year to Rs 305 crore in Q3 FY25. Its advertising and internet costs stood at Rs 82 crore and 20 crore, respectively. The companyโ€™s overall cost grew 7% YoY to Rs 487 crore in Q3 FY25 from Rs 455 crore in Q3 FY24. The steady growth and surge in other income with controlled expenditure led its profits to increase by 142% to Rs 288 crore in Q3 FY25, compared to Rs 119 crore in Q3 FY24. On a unit level, it spent Rs 0.67 to earn a rupee in Q3 FY25. As of 4:40 PM, Info Edge is trading at Rs 7,910, reflecting a Rs 203.1 increase following today's results. Its total market capitalization value improved to Rs 1,02,501 crore ($12.2 billion).

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

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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. Awfisโ€™ 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. Awfisโ€™ 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.

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