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Yatra Q3: Posts INR 1.1 Cr PAT, Revenue Jumps 23% YoY

Inc42 · 1y ago

Yatra Q3: Posts INR 1.1 Cr PAT, Revenue Jumps 23% YoY

Yatra Online, an Indian online travel aggregator, reported a consolidated net profit of INR 1.1 Cr in Q3 FY24, compared to a loss of INR 5.6 Cr in the same quarter of the previous year. Operating revenue increased by almost 23% YoY to INR 110.3 Cr in Q3 FY24. The company's domestic air passenger traffic grew by 26% YoY during the quarter. However, its EBITDA declined by 25% YoY to INR 4.8 Cr. Yatra continues to expand its corporate client base and closed 26 new corporate accounts during the quarter.

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Zaggle Q3: PAT Jumps 10X YoY To INR 15.2 Cr

Inc42 · 1y ago

Zaggle Q3: PAT Jumps 10X YoY To INR 15.2 Cr

Fintech SaaS startup Zaggle saw a significant jump in its profit after tax (PAT), reporting a 10x increase to INR 15.2 Cr in Q3 of FY24, compared to INR 1.5 Cr in the same period last year. The company's strategic product diversification and cost-cutting measures contributed to the growth. Zaggle also achieved an all-time high quarterly revenue, with a 35.1% YoY increase to INR 199.5 Cr. Founder Narayanam highlighted the successful launch of commercial credit card offerings and the entry into the fleet loyalty card program as factors driving growth.

Info Edge Q3: PAT Jumps 157% YoY To INR 119.4 Cr

Inc42 · 1y ago

Info Edge Q3: PAT Jumps 157% YoY To INR 119.4 Cr

Online classifieds major Info Edge reported a 157% YoY increase in consolidated net profit to INR 119.4 Cr in Q3 FY24. The growth was largely due to an exceptional loss of INR 411.8 Cr in the year-ago quarter. Despite this, total revenue declined by nearly 32% YoY to INR 659.8 Cr, primarily due to a drop in other income. Info Edge's online recruitment platform Naukri.com saw a 3.6% YoY increase in revenue, while its real estate portal 99acres.com recorded a 12.1% YoY growth.

Infibeam’s Q3 PAT jumps 64% to INR 42.1 Cr on festival demand push

Inc42 · 1y ago

Infibeam’s Q3 PAT jumps 64% to INR 42.1 Cr on festival demand push

Listed payments infrastructure company Infibeam Avenues reported a 64% jump in profit after tax (PAT) to INR 42.1 Cr in Q3 FY24. The company attributed this growth to festive demand and an increase in merchants using its CCAvenue payment solution. Infibeam's operating revenue more than doubled to INR 912 Cr in the same quarter. The company also mentioned that it has added artificial intelligence as a horizontal business vertical to support its platforms and payments, which will change the way it conducts business.

ideaForge’s Q3 Profit Jumps 16X QoQ To Touch INR 14.8 Cr

Inc42 · 1y ago

ideaForge’s Q3 Profit Jumps 16X QoQ To Touch INR 14.8 Cr

Drone manufacturer ideaForge reported a net profit of INR 14.8 Cr in Q3 FY24, a significant increase from a loss of INR 7.8 Cr in the same quarter last year. The company's operating revenue also saw a substantial rise of over 1,000% to INR 90.9 Cr in Q3 FY24. ideaForge's strong growth is attributed to its commitment to delivering high-quality products and solutions. The company's EBITDA increased to INR 26.2 Cr in Q3 FY24. Total expenses rose by 173%, primarily due to increased spending on materials consumed.

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

Entrackr

Entrackr · 5m ago

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

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 company’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 revenue—73%—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 company’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).

Yatra churns profits in Q3 FY24, revenue crosses Rs 110 Cr

Entrackr

Entrackr · 1y ago

Yatra churns profits in Q3 FY24, revenue crosses Rs 110 Cr

Online travel aggregator (OTA) Yatra has released its financial results for the third quarter of the ongoing fiscal year (Q3 FY24). After sinking into the red in Q2, the company bounced back and recorded profits in Q3 along with crossing Rs 110 crore revenue mark during the period. Yatra’s revenue from operations grew 17.2% to Rs 110.3 crore in Q3 FY24 as compared to Rs 94.13 crore Q2 FY24, as per the firm’s consolidated financial results sourced from the National Stock Exchange. While compared to Q3 of the previous fiscal year (Q3 FY23), the operating revenue of the company increased over 23% from Rs 89.6 crore. The company made 40.3% of its total operating revenue via Hotels and packages bookings which grew 23.4% to Rs 44.5 crore in Q3 FY24 from Rs 36.06 crore in Q2 of the same financial year. Revenue from air ticketing increased 5.9% to Rs 41.5 crore during the same period. The remaining Rs 24.3 crore came from other operating services and advertising income from hosting ads on its website, sale of coupons and vouchers and facilitating website access to travel insurance company. Yatra also earned Rs 8.86 crore as non-operating income (mainly from interest and gains on financial assets). This took the overall revenue to Rs 119.2 crore during the quarter. On the cost front, service cost which only relates to its hotel and packages vertical accounted for 23% of the total expenses. This cost surged 68.7% to Rs 26.9 crore in Q3 from Rs 15.95 crore in Q2 of the same fiscal. Whereas, employee benefits expenses for the company shrank 12.6% to Rs 32 crore during the quarter from Rs 36.6 crore in Q2 FY24. Yatra also incurred marketing and promotion costs of Rs 10.7 crore and payment gateway expense of Rs 12.7 crore in Q3 FY24. In total, Yatra’s overall expenditure increased just 3% to Rs 117 crore during Q3 from Rs 113.6 crore in Q2 FY24. With the controlled expenses, Yatra turned profitable and booked Rs 1.06 crore profits Q3 against Rs 17.13 crore loss in the previous quarter. Last year in the same quarter (Q3 FY23), it posted Rs 5.6 crore in losses. On a unit level, Yatra Online spent Re 1.06 to earn a rupee of operating revenue in Q3 of FY24. For the nine-months period (Apr-Dec 2023), the firm registered Rs 314.6 crore revenue from operations with a loss of Rs 10.08 crore. Yatra Online made its entry into the Indian public market in September last year with a share price of around Rs 136. With a market cap of over Rs 2,700 crore, it is currently trading at Rs 170 per share. Other than this, the company is also listed on NASDAQ with a current share price of $1.64 per share and a market cap of $105 million.

Pocket FM’s FY23 revenue jumps over 7X to INR 131 Cr; losses shrink by 56%

Inc42 · 1y ago

Pocket FM’s FY23 revenue jumps over 7X to INR 131 Cr; losses shrink by 56%

Indian audio OTT platform Pocket FM's India arm recorded a 56% reduction in net loss to INR 75.7 crore ($10.2 million) for FY2022-23, as revenue increased and ad expenses were cut. The startup reported a net loss of INR 171.6 crore in the previous fiscal year. Pocket FM's total revenue surged 647% to INR 131 crore in FY2022-23, with advertising revenue increasing 1,120% to INR 12.17 crore and microtransaction revenue rising 417% to INR 82.8 crore. The company provides audio content in various Indian languages, including stories, novels, and podcasts.

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

Entrackr

Entrackr · 5m ago

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

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%. Ixigo’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 firm’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. Ixigo’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.

Justdial Q3 Results: Profit surges 22% YoY to INR 92 Cr, revenue rises to INR 265 Cr

Inc42 · 1y ago

Justdial Q3 Results: Profit surges 22% YoY to INR 92 Cr, revenue rises to INR 265 Cr

Hyperlocal search engine, Justdial, witnessed a 22.3% YoY increase in consolidated net profit to INR 92 Cr in Q3 FY24. The company reported a net addition of 1.4 Mn active listings, bringing the total to 41.6 Mn. Operating revenue grew by 19.7% to INR 265 Cr in the same quarter. Justdial's expenses stood at INR 218.9 Cr, while employee benefit expenses increased 6.6% YoY to INR 178.5 Cr. The number of unique visitors rose to 165.9 Mn, with a majority of traffic coming from mobile devices.

DroneAcharya’s H1 Profit Slides 62% To INR 1.50 Cr

Inc42 · 8m ago

DroneAcharya’s H1 Profit Slides 62% To INR 1.50 Cr

The BSE SME listed drone company experienced a 62% decrease in profits, with a PAT of INR 1.50 Cr in the first half of FY25 compared to the previous year. However, there was a significant increase in revenue from operations, rising by 28.8% to INR 26.90 Cr from INR 20.88 Cr in the first six months of FY24. On the other hand, expenses jumped 51.8% YoY to INR 25.23 Cr from INR 16.62 Cr in the quarter.

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