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upGrad Achieves 30% YoY revenue growth; EBITDA & PAT loss drops by 50%

YourStory

YourStory · 1y ago

upGrad Achieves 30% YoY revenue growth; EBITDA & PAT loss drops by 50%

Ind-AS EBITDA loss (excluding one-time costs) came in at Rs 202 Cr vs Rs 558 Cr the previous year and post one-time costs EBITDA loss closed at Rs 285 Cr, 50% less than the previous year. Ind-AS negative PAT came in at Rs 560 Cr vs negative Rs 1,142 Cr the previous year.

Related News

Enterprise business lifts Upgrad’s income by 25% to Rs 1,715 cr

The Arc Web

The Arc Web · 1y ago

Enterprise business lifts Upgrad’s income by 25% to Rs 1,715 cr

Upgrad, an edtech unicorn, reported a 25% revenue increase to ₹1,715 crore ($204 million) in FY24, driven by its enterprise business and global partnerships. The company’s enterprise segment contributed 30% of its revenue, and the EBITDA margin improved from -19% to 4%. This growth contrasts with challenges in the broader edtech sector, where companies face layoffs and down rounds. Upgrad has diversified into various fields, including launching 'Upgrad Study Abroad' and setting up a campus in Mumbai and a medical training center in Vanuatu.

upGrad’s FY23 revenue almost doubles to INR 1,194 Cr, adjusted EBITDA loss shrinks

Inc42 · 2y ago

upGrad’s FY23 revenue almost doubles to INR 1,194 Cr, adjusted EBITDA loss shrinks

Edtech giant upGrad reported a significant growth in revenue for the year ended in March 2023. Its revenue almost doubled to INR 1,194 Cr ($159 million) in FY23 from INR 608 Cr ($81 million) in FY22. The strong growth was attributed to the increasing number of paid learners and its acquisitions. Despite reducing its adjusted EBITDA loss, upGrad's net loss also increased. The startup aims to strike a balance between profitable growth and new investments for long-term potential. It expects to be operationally profitable from H2 FY24 onwards.

Livestreaming income, higher ad revenue boost ShareChat's FY24 topline

VCCircle

VCCircle · 1y ago

Livestreaming income, higher ad revenue boost ShareChat's FY24 topline

Indian social media company, ShareChat, reported a 33% YoY increase in consolidated revenue for FY24, reaching INR 718 crore ($97 million). This growth came from a rise in income from livestreaming, which experienced a 41% YoY increase to INR 402 crore ($54 million). The company also saw a 23% YoY growth in advertising revenue, reaching INR 315 crore ($42.5 million). ShareChat's adjusted EBITDA loss narrowed by 67% in FY24, and the company expects to achieve full profitability by the end of FY25. ShareChat claims to have over 325 million monthly active users across its platforms.

Urban Company’s revenue jumps 42% to Rs 383 crore in Q3 FY26; losses narrow

IndianStartupNews

IndianStartupNews · 12d ago

Urban Company’s revenue jumps 42% to Rs 383 crore in Q3 FY26; losses narrow

Urban Company reported a 42% YoY revenue increase to Rs 383 crore in Q3 FY26, driven by new user additions and festive demand. Despite a Rs 21 crore net loss, core business profitability and strong international performance were noted. While InstaHelp reported an EBITDA loss, its rapid scale contributed to overall growth. The Native brands and India Consumer Services segments showed significant improvements, with a 93% and 21% YoY increase in NTV, respectively.

upGrad’s FY23 loss surges to INR 1,141.5 Cr on goodwill writedown of INR 410 Cr

Inc42 · 2y ago

upGrad’s FY23 loss surges to INR 1,141.5 Cr on goodwill writedown of INR 410 Cr

Indian edtech startup upGrad reported a net loss of INR 1,141.5 crore ($153 million) in fiscal year 2022-23, a 76% increase from the previous year. The company's operating revenue reached INR 1,169.6 crore ($157 million), a 97% YoY increase. However, the bottom line was impacted by a goodwill writedown of INR 410 crore ($55 million) due to unsuccessful acquisitions. upGrad recently entered the unicorn club and has raised over $600 million in funding to date.

Urban Company posts Rs 383 Cr revenue and Rs 21 Cr loss in Q3 FY26

Entrackr

Entrackr · 12d ago

Urban Company posts Rs 383 Cr revenue and Rs 21 Cr loss in Q3 FY26

Urban Company posts Rs 383 Cr revenue and Rs 21 Cr loss in Q3 FY26 For the quarter ended December 31, 2025, the home services marketplace recorded Net Transaction Value (NTV) of Rs 1,081 crore, marking a 32% year-on-year increase. Revenue from operations rose 32% YoY to Rs 383 crore during the quarter. Despite the growth, Urban Company reported a consolidated adjusted EBITDA loss of Rs 17 crore. The losses were steered by InstaHelp, which alone posted an adjusted EBITDA loss of Rs 61 crore in Q3 FY26. Excluding InstaHelp, the core biz delivered an adjusted EBITDA profit of Rs 44 crore. Overall, its net losses stood at Rs 21 crore during Q3FY26. Urban Company had 7.8 million annual transacting users and 59,475 monthly active service partners in Q3 FY26. The company’s India Consumer Services business (excluding InstaHelp) remained profitable. The segment reported NTV of Rs 781 crore, while revenue from operations increased 26% YoY to Rs 265 crore. Urban Company’s Native brands business recorded a 93% year-on-year growth in NTV to Rs 79 crore, while revenue doubled to Rs 62 crore during the quarter. The international business (UAE and Singapore, excluding KSA) also posted strong growth, with NTV rising 79% YoY to Rs 193 crore and revenue increasing to Rs 50 crore. In contrast, InstaHelp clocked 1.61 million orders and Rs 28 crore in NTV, with revenue of Rs 6.8 crore in Q3 FY26. However, the vertical continued to drag profitability, reporting an adjusted EBITDA loss of Rs 61 crore. Urban Company closed Q3 FY26 with a cash balance of Rs 2,095 crore, providing sufficient runway as it continues to invest in new categories while maintaining profitability in its core marketplace. During the quarter, the Gurugram-based company also approved the grant of 70.82 lakh stock options under its Employee Stock Option Scheme 2015, which will be valued at Rs 88 crore. Urban Company’s shares were trading at Rs 124.7 per share, giving the company a market capitalization of Rs 18,033 crore ($2 billion).

Cars24 posts Rs 651 Cr adjusted revenue in H1 FY26; cuts burn by 36%

Entrackr

Entrackr · 21d ago

Cars24 posts Rs 651 Cr adjusted revenue in H1 FY26; cuts burn by 36%

Cars24 posts Rs 651 Cr adjusted revenue in H1 FY26; cuts burn by 36% Digital automotive marketplace Cars24 reported an 18% year-on-year rise in adjusted net revenue to Rs 651 crore in the first half of FY26, even as overall vehicle transaction GMV remained largely flat, according to its performance update. During the period, Cars24 reduced its adjusted EBITDA loss by 36% YoY to Rs 162 crore. The improvement was led by disciplined cost management and increased automation, with operating expenses staying broadly flat at Rs 719 crore despite revenue growth. According to the company, vehicle transaction GMV declined 5% YoY to Rs 3,731 crore in H1 FY26. Cars24 increasingly funnelled vehicles toward retail transactions instead of wholesale, prioritising profitability over volumes. Its retail GMV grew 21% YoY to Rs 2,009 crore, which accounted for over 50% of total transaction GMV, while retail margins expanded to 19.3% during the period, the company added in its performance update. As per the company, it facilitated nearly 85,000 car transactions across India, the UAE, and Australia in H1 FY26. Cars24 is also on track to cross 1.8 lakh car transactions in FY26. Financing, which includes loans disbursed through the platform, rose by 38% YoY to Rs 1,637 crore during the half-year. In parallel, vehicle ownership services, including insurance, inspection reports, buyback and compliance products, saw GMV surge nearly 19x YoY to Rs 94 crore. According to the company, its international operations also strengthened. The UAE business turned profitable at the adjusted EBITDA level, reporting a profit of Rs 9 crore in H1 FY26, with retail margins reaching around 24%. Australia also posted about 20% YoY growth in GMV and over 22% growth in adjusted net revenue. Cars24 invested Rs 95 crore in technology during H1 FY26, with GenAI now powering pricing, inspections, document verification, and customer calls at scale. AI-led automation helped reduce inspection time by nearly 30% and kept costs in check as volumes scaled. Cars24 expects to cross the adjusted net revenue of Rs 750 crore in H2 FY26, implying around 35% YoY growth, as it continues to prioritise earnings quality over headline GMV growth.

DriveU's FY24 gross revenue climbs 50% to ₹90 crore; profit up 38%

IndianStartupNews

IndianStartupNews · 1y ago

DriveU's FY24 gross revenue climbs 50% to ₹90 crore; profit up 38%

Bengaluru-based driver-on-demand service provider DriveU has reported a 50% increase in gross revenue, reaching ₹90 crore in FY24. Additionally, the startup's gross profit rose by 38%, marking its first achievement of positive EBITDA and Profit After Tax (PAT). DriveU claims to be India's largest car driver service and a super-app for car owners.

MyGate’s Operating Revenue Jumps 35% To INR 96.2 Cr In FY24; Cost Optimisation Continues

Inc42 · 1y ago

MyGate’s Operating Revenue Jumps 35% To INR 96.2 Cr In FY24; Cost Optimisation Continues

In FY24, MyGate, a startup, generated INR 85.4 Cr in enterprise revenue with a 35.1% YoY growth. Additionally, it earned INR 10.9 Cr from consumer services. The company reported an 85% reduction in cash burn, achieving zero cash burn in the March quarter. However, MyGate recorded an adjusted EBITDA loss of INR 20.4 Cr, an improvement compared to the INR 71.3 Cr loss in the previous fiscal year.

ACKO Narrows FY25 Loss By 36.7% To INR 424 Cr

Inc42 · 2m ago

ACKO Narrows FY25 Loss By 36.7% To INR 424 Cr

Insurtech unicorn ACKO reduced its consolidated net loss by 36.7% to INR 424.4 crore in FY25, down from INR 669.9 crore the previous year. This improvement was driven by strong revenue growth, with operating revenue increasing 34.7% to INR 2,836.8 crore. Additionally, ACKO's EBITDA loss decreased to INR 404.1 crore from INR 650.2 crore, enhancing the EBITDA margin to -14% from -31% in the previous fiscal year.

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