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FreshToHome posts Rs 421 Cr revenue in FY25; losses remain stable

EntrackrEntrackr · 15d ago
FreshToHome posts Rs 421 Cr revenue in FY25; losses remain stable
Medial

FreshToHome posts Rs 421 Cr revenue in FY25; losses remain stable FreshToHome, a D2C meat and seafood brand, recorded a marginal improvement in its financial performance in the fiscal year ending March 2025. The company managed to grow its scale while keeping its loss stable in the period. FreshToHome’s gross revenue increased 14% to Rs 421 crore in FY25 from Rs 369.5 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC). The company primarily generates its revenue from the sale of meat, seafood and other fresh produce across its platform. Including non-operating income of Rs 9 crore, its total income stood at Rs 430 crore in FY25. The cost of material consumed remained the largest expense element for the Bengaluru-based company, forming over 83% of total expenditure. This cost grew 5% to Rs 481 crore in FY25 from Rs 458 crore in FY24. Employee benefit costs increased 10% to Rs 33 crore, while advertising and promotional expenses declined 37% to Rs 14.5 crore during the year. Subscription costs remained flat at Rs 8 crore. Other overheads more than doubled to Rs 33.5 crore in FY25. Overall, FreshToHome’s total expenditure went up by 6% to Rs 576 crore in FY25 from Rs 542 crore in FY24. At the bottom line, FreshToHome reported a net loss of Rs 146 crore in FY25, compared to Rs 150 crore in FY24, representing a modest 2.7% reduction in losses. Its ROCE and EBITDA margin stood at -107.64% and -36.58% respectively. On a unit level, the company spent Rs 1.37 to earn a rupee, improving from Rs 1.47 it spent in FY24. The firm recorded cash and bank balances of Rs 42 crore, while its current assets were valued at Rs 73.5 crore at the end of FY25. According to TheKredible, FreshToHome has raised over $320 million of funding to date. In the last round, FreshToHome raised $104 million in its Series D funding, led by Amazon Smbhav Venture Fund.

Paytm posts Rs 1,918 Cr revenue and Rs 123 Cr profit in Q1 FY26

EntrackrEntrackr · 5m ago
Paytm posts Rs 1,918 Cr revenue and Rs 123 Cr profit in Q1 FY26
Medial

Fintech firm Paytm announced its financial results for the first quarter of the ongoing fiscal year (Q1 FY26) on Tuesday. The Noida-based company reported a revenue of Rs 1,918 crore and a net profit of Rs 123 crore for the period. According to Paytm’s unaudited quarterly report filed with the National Stock Exchange, its revenue from operations increased by 28% year-on-year from Rs 1,501 crore in Q1 FY25 to Rs 1,918 crore in Q1 FY26. Paytm has not disclosed its revenue breakup. The company also added Rs 241 crore from other non-operating sources, bringing its overall revenue to Rs 2,159 crore in Q1 FY26. For the fintech firm, its employee benefits remained the largest cost center, accounting for 32% of the overall cost, which decreased by 33% to Rs 643 crore in Q1 FY26. Its payment processing charges increased by 12% to Rs 581 crore, and marketing expenses decreased by 55% to Rs 100 crore in Q1 FY26. Software, communication, legal, cashback, and other overheads took the total expenditure to Rs 2,016 crore in Q1 FY26 from Rs 2,476 crore in Q1 FY25. Paytm turned profitable and recorded a net profit of Rs 123 crore in Q1 FY26, in contrast to a loss of Rs 840 crore in Q1 FY25. As of July 22, Paytm’s share price rose 3.5% to Rs 1,053 with the total market capitalization standing at Rs 67,218 crore.

WROGN and Bewakoof backer TMRW to raise $50 Mn from ServiceNow Ventures

EntrackrEntrackr · 5m ago
WROGN and Bewakoof backer TMRW to raise $50 Mn from ServiceNow Ventures
Medial

TMRW, an Aditya Birla Group venture, is set to raise Rs 437 crore (around $50 million) from ServiceNow Ventures. The proceeds will be used to expand its portfolio of digital-first fashion brands and use the investor’s artificial intelligence platform to enhance operations and customer experience. Launched in mid-2022, TMRW’s portfolio of brands includes Bewakoof, WROGN, The Indian Garage, and Nobero, catering to Gen Z and Millennial shoppers. In June last year, TMRW backed men’s apparel brand WROGN, investing $15 million to acquire a 16% stake and valuing the Bengaluru-based company at around $105 million. The company plans to integrate ServiceNow’s AI tools to improve speed-to-market, build focused product assortments, and enhance consumer experiences across its online and offline channels. TMRW was set up by Aditya Birla Fashion & Retail (ABFRL) three years ago with the goal of acquiring and incubating 30 brands in this space. ABFRL reported revenue of Rs 1,831 crore for the June quarter with a net loss of Rs 234 crore. TMRW's revenue grew 38% to Rs 197 crore during the quarter while its EBITDA loss also grew 37% YoY to Rs 63 crore.

MobiKwik posts Rs 269 Cr revenue and Rs 55 Cr loss in Q3 FY25

EntrackrEntrackr · 11m ago
MobiKwik posts Rs 269 Cr revenue and Rs 55 Cr loss in Q3 FY25
Medial

MobiKwik posts Rs 269 Cr revenue and Rs 55 Cr loss in Q3 FY25 Fintech platform MobiKwik reported its quarterly results for the third quarter of the ongoing fiscal year (Q3 FY25) on the stock exchange today, reflecting a 17.5% year-on-year growth. MobiKwik’s revenue from operations increased to Rs 269 crore in Q3 FY25 from Rs 229 crore in Q3 FY24, its consolidated financial statements accessed from the National Stock Exchange (NSE) show. However, Mobikwik's earnings were reduced by 7.6% in Q3 FY25, compared to Rs 291 crore in Q2 FY25. MobiKwik's primary revenue sources in Q3 FY25 were commissions on recharges, processing, and interest on servicing loans, payment gateways, and technology platforms. However, the company did not provide an income breakdown in its quarterly report. Notably, Mobikwik's payment business grew 166% in Q3 FY25 to Rs 196.5 crore. According to the press release, MobiKwik's registered user base has grown to 167 million with 5 million merchants. The company’s payment of GMV has also increased by 2X year-on-year to Rs 29,400 crore. On the cost side, expenditures on the payment gateway were the largest cost center, accounting for 45.4% of the overall cost, which stood at Rs 144 crore in Q3 FY25. The cost of employee benefits and lending fees was recorded at Rs 44 crore and Rs 25 crore, respectively. Its financial guarantee, legal, advertising, finance, and other overheads took its total expenditure up by 44.1% to Rs 317 crore in Q3 FY25 from Rs 220 crore in Q3 FY24. In the end, Mobikwik reported a net loss of Rs 55.2 crore in Q3FY25, compared to a profit of Rs 5.1 crore in the same quarter of the previous fiscal year. During the first nine months of the ongoing fiscal year, its bottom line is negative at Rs 65.4 crore. Mobikwik made its debut on the stock exchange last Dec 24 with an impressive 59% premium on its issue price on the first day of its listing. The company is currently trading at Rs 406.75 (as of 14:25) with a total market capitalization of Rs 3,160 crore or (approximately $376 million).

Paytm posts Rs 2,061 Cr revenue and Rs 21 Cr profit in Q2 FY26

EntrackrEntrackr · 2m ago
Paytm posts Rs 2,061 Cr revenue and Rs 21 Cr profit in Q2 FY26
Medial

Fintech major One97 Communications Ltd (Paytm) reported a 24% year-on-year rise in operating revenue for the quarter ended September 2025 (Q2 FY26), with a profit of Rs 21 crore during the same period. Paytm’s revenue from operations increased to Rs 2,061 crore in Q2 FY26 from Rs 1,659 crore in Q2 FY25, according to unaudited consolidated financial statements scoured from the National Stock Exchange. As per the earnings call, its payment revenue grew 21% YoY to Rs 1,146 crore while income from the financial services biz saw a 63% growth to Rs 611 crore in Q2 FY26. The company also added Rs 222 crore from other non-operating sources, bringing its overall revenue to Rs 2,283 crore in Q2 FY26. Employee benefits remained the largest cost center, accounting for 32% of the overall expenditure, which stood at Rs 663 crore in Q2 FY26, followed by payment processing charges, which recorded at Rs 629 crore in the same period. Its marketing, software, technology, promotional incentive, and other indirect costs took the total expenditure to Rs 2,062 crore in Q2 FY26 from Rs 2,245 crore in the same quarter of the previous fiscal year. Despite the top-line growth, its net profit nosedived 98% YoY to Rs 21 crore from Rs 930 crore a year ago, largely due to the absence of a one-time gain that boosted the base quarter and an impairment loss booked this time. The company took a Rs 190 crore exceptional charge against loans extended to its gaming joint venture, First Games Technology, after the enactment of the Promotion and Regulation of Online Gaming Act, 2025, which prohibits online gaming. Paytm’s cash and cash equivalents stood at Rs 1,835 crore as of September 2025, with total assets rising to Rs 22,537 crore from Rs 21,448 crore at the end of FY25. The company’s board also approved an additional investment of Rs 2,250 crore in Paytm Payments Services Ltd (PPSL) through a rights issue to strengthen the subsidiary’s net worth and fund the transfer of its offline payments business, in line with RBI’s regulatory guidance issued in September 2025. At the end of today’s session, Paytm’s shares were hovering at Rs 1,269 with the total market capitalization of Rs 46,523 crore or $5.2 billion.

Groww posts Rs 547 Cr profit on Rs 1,216 Cr revenue in Q3 FY26

EntrackrEntrackr · 3d ago
Groww posts Rs 547 Cr profit on Rs 1,216 Cr revenue in Q3 FY26
Medial

Digital investment platform Groww on Wednesday reported its first set of quarterly results since listing on the stock exchanges. The company posted a 25% rise in revenue during the third quarter, although its profit declined by 28% over the same period. The company’s revenue from operations increased to Rs 1,216 crore in Q3 FY26 from Rs 974.5 crore in the same quarter last year, according to its financial statement sourced from NSE. Other income contributed an additional Rs 45 crore, which drove its total income to Rs 1,261 crore for the quarter. On a quarter-on-quarter basis, the company’s income rose by 19% from Rs 1,019 crore in Q2 FY26. However, for the nine months period ending December 2025, the firm’s revenue remained flat at Rs 3,139 crore. On the expense side, employee benefit was the largest burn which accounted for 30% of the total expense at Rs 157 crore in Q3 FY26. Finance cost stood at Rs 10 crore, while depreciation cost added Rs 9 crore to the total expense which stood at Rs 515.5 crore in Q3 FY26. Groww’s net profit decreased by 28% to Rs 547 crore in Q3 FY26 as compared to Rs 757 crore in Q3 FY25. For the nine months period ending December 2025, the company reported a profit of Rs 1,397 crore. Sequentially, Groww reported a 16% surge in net profit (PAT) to Rs 547 crore in Q3 FY26 from Rs 471 crore in Q2 FY26. The year-on-year decline was largely due to a one-time gain (net of taxes) of Rs 315 crore booked in Q3 FY25. Groww made a strong debut on the Indian stock exchanges in November last year, listing at Rs 114 per share on the BSE, a 14% premium over its issue price despite a muted grey market premium (GMP) of around 3%. On the NSE, the stock opened at Rs 112. Groww India’s share is trading at Rs 158 (as of 12:51 PM), giving the company a total market capitalization of Rs 97,595 crore ($11.21 billion).

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