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Smartworks cuts losses by 82% in Q1 FY26; share hits all-time high

EntrackrEntrackr · 16d ago
Smartworks cuts losses by 82% in Q1 FY26; share hits all-time high
Medial

Smartworks cuts losses by 82% in Q1 FY26; share hits all-time high Smartworks' revenue from operations rose 21% year-on-year to Rs 379 crore in the quarter ending June 2025 from Rs 313 crore in Q1 FY25. Managed office space provider Smartworks has posted its first set of quarterly results since going public, recording a sharp 82% cut in losses during Q1 FY26 alongside double-digit revenue growth. The company's revenue from operations rose 21% year-on-year to Rs 379 crore in the quarter ending June 2025 from Rs 313 crore in Q1 FY25, according to its unaudited consolidated financial statements filed with the National Stock Exchange (NSE). On a sequential basis, revenue was up nearly 6% from Rs 358 crore in Q4 FY25. However, during the full fiscal year ended March 2025, its revenue was recorded at Rs 1,374 crore with a loss of Rs 62 crore. Smartworks makes money from developing, designing, and licensing serviced office spaces and fit-out services, with additional income from other ancillary offerings. It also booked Rs 8.9 crore from non-operating activities, pushing total income to Rs 388 crore in the quarter, compared to Rs 323 crore in Q1FY25. On the cost front, depreciation remained the largest expense at Rs 174 crore, followed by operating expenses of Rs 103 crore. Finance costs, employee benefits, and marketing took the total expenditure to Rs 393 crore, compared to Rs 354 crore in the same quarter last year. The decent growth in scale and cost control mechanisms helped the firm narrow its net loss to Rs 4.1 crore in Q1 FY26 from Rs 23 crore a year ago. Smartworks listed on the NSE earlier this year at Rs 435 per share, a 7% premium to its IPO price of Rs 407. The stock closed today at Rs 467, valuing the company at Rs 5,332 crore ($627 million). Smartworks competes with Awfis, which went public in May 2024 and currently trades at Rs 579. Awfis posted Rs 355 crore in revenue and Rs 10 crore in net profit in Q1FY26. Another peer, WeWork India, has also received SEBI's nod for its upcoming IPO.

Square Yards reports Rs 378 Cr revenue in Q1 FY26, turns EBITDA positive

EntrackrEntrackr · 3d ago
Square Yards reports Rs 378 Cr revenue in Q1 FY26, turns EBITDA positive
Medial

Square Yards reports Rs 378 Cr revenue in Q1 FY26, turns EBITDA positive Square Yards, the Gurugram-based integrated real estate and mortgage platform, reported a 45% year-on-year rise in revenue and swung to profitability at the EBITDA level for the quarter ending June 2025. The company’s revenue from operations grew 45% to Rs 378 crore in Q1 FY26 from Rs 260 crore in Q1 FY25, according to the company’s press release. Square Yards is a proptech platform that provides end-to-end real estate services, including property discovery, buying and selling, mortgage assistance, home furnishing, rentals, and property management. Square Yards operates in more than 100 cities across nine countries, as per the release. Revenue contributions rose across real estate, financial services, and home renovation segments, while digital products saw a decline. Notably, financial services surged 60% year-on-year, followed by 36% growth in real estate and 21% in home renovations. Square Yards facilitated 55,771 transactions with a Gross Transaction Value (GTV) of Rs 18,480 crore during the quarter. Revenue from India contributed Rs 340 crore, marking a 57% year-on-year growth. The improved operating leverage helped Square Yards record its first-ever profitable quarter. Gross profit nearly tripled to Rs 70 crore in Q1 FY26 from Rs 24 crore in the same period last year, with margins improving to 18% from 9%. Segmental EBITDA stood at Rs 38.2 crore with a 10% margin, while overall EBITDA turned positive at Rs 4.4 crore against a loss of Rs 33.7 crore a year ago. “We are delighted to deliver our strongest-ever first quarter performance, marking a historic milestone for Square Yards. With revenue growing 45% year-on-year and gross profit nearly tripling, this quarter reflects the strength of our operating model,” said Tanuj Shori, Founder and CEO of Square Yards. As per sources, Square Yards is eyeing to raise Rs 2,000 crore through an initial public offering (IPO) at a valuation of $1.5–2 billion. The firm is likely to file its Draft Red Herring Prospectus (DRHP) during the current financial year.

Mamaearth hits all-time high profit during Q1 FY25

EntrackrEntrackr · 1y 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).

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