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Ather posts Rs 954 Cr revenue in Q3 FY26; cuts losses by 57%

EntrackrEntrackr · 2h ago
Ather posts Rs 954 Cr revenue in Q3 FY26; cuts losses by 57%
Medial

Ather posts Rs 954 Cr revenue in Q3 FY26; cuts losses by 57% Electric two-wheeler maker Ather Energy has announced its financial results for the third quarter of the ongoing financial year FY26. The company reported a 50% year-on-year increase in operating revenue compared to Q3 FY25. At the same time, the Bengaluru-based firm narrowed its losses by 57%. Ather’s revenue from operations rose to Rs 954 crore in Q3 FY26 from Rs 635 crore in Q3 FY25, according to its quarterly report sourced from the National Stock Exchange (NSE). For the nine-month period ended December 2025, the company’s revenue from operations stood at Rs 2,497 crore, compared to Rs 1,579 crore in the corresponding period a year earlier. As per the company, it has sold 1,79,525 vehicles over the nine months. The sale of electric two-wheelers and allied services remains the sole source of revenue for Ather Energy. However, the company has not provided a detailed breakdown of this revenue. Ather’s cost of materials, primarily led by battery and component procurement, accounted for 69% of the overall cost. These costs stood at Rs 744 crore in Q3 FY26. Employee benefit expenses increased 14% year-on-year to Rs 122 crore in Q3 FY26, compared to Q3 FY25. Depreciation and amortisation, along with legal, advertising, and other overhead expenses, pushed the company’s total costs to Rs 1,075 crore in Q3 FY26, up from Rs 848 crore in Q3 FY25. The 50% increase in scale, coupled with tighter cost-control measures, helped Ather reduce its losses by 57% to Rs 85 crore in Q3 FY26, compared to Rs 198 crore in the same quarter last year. Recently, Ather also forayed into the auto insurance business by incorporating a wholly owned subsidiary that will operate as a corporate agent, according to a filing with the National Stock Exchange (NSE). In November, the National Investment and Infrastructure Fund (NIIF) sold 49% of its stake, representing 2.28% of Ather Energy’s total paid-up capital, through open market transactions worth Rs 541 crore. According to Vahan data, Ather Energy retained its third position in December, although registrations declined 20% month-on-month to 16,391 units from 20,488 units in November. The company held a market share of 17.62%. After overtaking Ola Electric in market capitalization, Ather also surpassed it in Q2 FY26 revenue. The Q3 results of Ola Electric have yet to come. The company’s shares were trading at Rs 610 as of 4:55 PM today, with a market capitalisation of Rs 23,292 crore ($2.5 billion).

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Swiggy posts Rs 6,148 Cr revenue in Q3 FY26, losses jump 32%

EntrackrEntrackr · 4d ago
Swiggy posts Rs 6,148 Cr revenue in Q3 FY26, losses jump 32%
Medial

Swiggy posts Rs 6,148 Cr revenue in Q3 FY26, losses jump 32% Foodtech and quick commerce major Swiggy has reported a 54% year-on-year growth in its operating revenue, which spiked to Rs 6,148 crore during Q3 FY26 as compared to Rs 3,993 crore in Q3 FY25. However, the Bengaluru-based company’s losses increased in the same period. Scootsy Logistics contributed a major 48% of Swiggy’s overall operating revenue. Income from this entity increased by 76% YoY to Rs 2,981 crore in Q3 FY26 from Rs 1,693 crore in Q3 FY25. Swiggy’s food delivery business continues to be one of the major contributors, accounting for 33% of the total collection in Q3 FY26. Revenues from this vertical grew 25% to Rs 2,039 crore from Rs 1,635 crore in Q3 FY25. The company’s quick commerce segment also saw remarkable growth, with revenue surging by 76% to Rs 1,016 crore in Q3 FY26 from Rs 577 crore in Q3 FY25. Swiggy’s Dine Out, Genie, Swiggy Mini and other non-operating income took its total revenue to Rs 6,244 crore in Q3 FY26. On the cost side, the procurement of FMCG products for supply chain distribution formed 38% of its overall cost, which increased by 76% to Rs 2,746 crore in Q3 FY26. Meanwhile, the delivery charges saw 36% growth to Rs 1,533 crore in Q3 FY26. Swiggy spent Rs 673 crore and Rs 1,108 crore on employee benefits and advertising, respectively. Overall, Swiggy’s total expenses for the quarter increased 49% to Rs 7,298 crore from Rs 4,898 crore in Q3 FY25. The company’s losses increased by 33% to Rs 1,065 crore in Q3 FY26 from Rs 803 crore in Q3 FY25. For the nine-month period, the company’s loss stood at Rs 3,354 crore. As of December 31, 2025, Swiggy had cash and cash equivalents of Rs 13,512 crore, which included Rs 9,931 crore from net QIP proceeds. The company also received around Rs 2,400 crore from the sale of its stake in Rapido, taking its proforma cash balance to about Rs 15,900 crore. Swiggy shares were trading at Rs 324 at the end of Thursday with a total market capitalization of Rs 89,392 crore.

Ather Energy posts Rs 645 Cr revenue in Q1 FY26, losses remain flat

EntrackrEntrackr · 6m ago
Ather Energy posts Rs 645 Cr revenue in Q1 FY26, losses remain flat
Medial

Ather Energy posts Rs 645 Cr revenue in Q1 FY26, losses remain flat Ather Energy reported a 79% year-on-year jump in its operating revenue compared to Q1 FY25. At the same time, the Bengaluru-based firm also narrowed losses by 3%. Electric two-wheeler maker Ather Energy has announced its financial results for the first quarter of the ongoing financial year FY26. The company reported a 79% year-on-year jump in its operating revenue compared to Q1 FY25. At the same time, the Bengaluru-based firm narrowed losses by 3%. Ather’s revenue from operations increased by 79% to Rs 645 crore in Q1 FY26, from Rs 360 crore in Q1 FY25, according to its quarterly report sourced from the National Stock Exchange (NSE). The Tarun Mehta-led company did not provide a revenue breakdown during the last quarter. Ather’s cost of materials, primarily driven by battery and component procurement, made up the largest share of its expenditure. This cost increased by nearly 74% to Rs 518 crore in Q1 FY26 from Rs 297 crore in the same period last year, accounting for over 61% of the total expenses during the quarter. Employee benefit expenses saw a surge of 37% YoY to Rs 119 crore in Q1 FY26 compared to Rs 87 crore in Q1 FY25. Depreciation and amortization costs rose 20% to Rs 48 crore, while other operational costs jumped nearly 31% to Rs 166 crore. Overall, Ather’s total expenditure grew 54% to Rs 851 crore in Q1 FY26, up from Rs 551 crore in Q1 FY25. As a result, the company’s net losses reduced by 3% to Rs 178 crore in Q1 FY26 from Rs 183 crore in Q1 FY25. In July 2025, Ather Energy maintained its fourth-place market position, selling 16,231 units. This represents a 10.59% month-on-month increase from the 14,677 units sold in June, bringing their market share to 15.78%. Ather Energy made its stock market debut on May 6, 2025, listing at Rs 328 per share on the NSE. However, the stock is currently trading at Rs 375, bringing its total market capitalization to Rs 13,723 crore ($1.5 billion). Ather competitor Ola Electric’s topline shrank by nearly 50% year-on-year during the first quarter of FY26. At the same time, the Bengaluru-based firm’s losses widened by 23%.

Eternal posts Rs 16,315 Cr revenue in Q3 FY26; profit grows 54%

EntrackrEntrackr · 12d ago
Eternal posts Rs 16,315 Cr revenue in Q3 FY26; profit grows 54%
Medial

Eternal posts Rs 16,315 Cr revenue in Q3 FY26; profit grows 54% Gurugram-based foodtech and quick commerce platform Eternal (formerly Zomato) released its financial results for Q3 FY26 on Wednesday. The company reported a 54% increase in profits during the period. Eternal’s revenue from operations grew 3x to Rs 16,315 crore in Q3 FY26, contrasting Rs 5,405 crore in Q3 FY25, according to the firm’s consolidated financial results sourced from the National Stock Exchange (NSE). The major surge in revenue is attributed to its inventory-led approach in the quick commerce business. On a quarter-on-quarter basis, the company’s revenue rose by 20% from Rs 13,590 crore in Q2 FY26. Eternal operates several business units, including a food marketplace, Hyperpure, and a quick commerce platform, BlinkIt. Income from Eternal’s food delivery business (Zomato) contributed 16% of the total revenue in Q3 FY26, growing 29% to Rs 2,676 crore from Rs 2,072 crore in Q3 FY25. Revenue from the quick commerce segment (BlinkIt) saw significant growth, rising 75% to Rs 12,256 crore in Q3 FY26 from Rs 1,399 crore in Q3 FY25. Its B2B business, Hyperpure, saw a growth of 7% to Rs 1,070 crore during the third quarter of FY26. Earnings from the 'Going-out' segment and other non-operating income brought the Eternal Group’s total revenue to Rs 16,663 crore in Q3 FY26. For the nine-month period, the company reported revenue of Rs 38,126 crore and is on track to cross the Rs 50,000 crore revenue milestone for the full fiscal year FY26. The cost of material accounted for 59% of the total expense, and this cost grew by 6.5X to Rs 9,801 crore in Q3 FY26 from Rs 1,500 crore in Q3 FY25. Delivery and related charges increased by 64% to Rs 2,376 crore in Q3 FY26. Employee benefit cost rose 33% to Rs 914 crore, while spending on advertising and marketing almost doubled to Rs 937 crore in Q3 FY26. Overall, the company’s expenditure increased nearly 3X to Rs 16,493 crore in Q3 FY26 from Rs 5,533 crore in Q3 FY25. With the company's revenue growth outpacing expense, its profit increased by 54% to Rs 102 crore in Q3 FY26 from Rs 59 crore in Q3 FY25. On a per-unit basis, the Gurugram-based company spent Rs 1.01 to earn every rupee of revenue during the quarter ending December 2025. The company also informed the stock exchanges that founder Deepinder Goyal will step away from his role as Group CEO and will continue on the board as Vice Chairman. At the end of today’s trading session, Eternal’s share price stood at Rs 283, giving the foodtech platform a market capitalization of Rs 3,32,985 crore (approximately $30 billion).

Meesho posts Rs 3,517 Cr revenue in Q3 FY26; losses surge 13X

EntrackrEntrackr · 2d ago
Meesho posts Rs 3,517 Cr revenue in Q3 FY26; losses surge 13X
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E-commerce marketplace Meesho has announced its financial results for Q3 FY26 after debuting on Indian stock exchanges last month. The firm’s revenue increased by 31% during the third quarter, while its losses neared Rs 500 crore mark in the same period. The company’s revenue from operations increased to Rs 3,517.5 crore in Q3 FY26 from Rs 2,679 crore in the same quarter last year, according to its financial statement sourced from NSE. Other income contributed an additional Rs 78.5 crore, which drove its total income of Rs 3,596 crore for the quarter. However, for the nine-month period ending December 2025, the firm’s revenue increased 30% to Rs 9,095 crore from Rs 6,990 crore, a year earlier. Meesho did not include its proper expense breakup, however its employee benefit expense rose 20% to Rs 235 crore in Q3 FY26 from Rs 195 crore in Q3 FY25. Its depreciation stood at Rs 11 crore for the quarter. Overall, the company’s total expense rose 44% to Rs 4,071 crore in Q3 FY26 from Rs 2,823 crore in Q3 FY25. Due to the company’s expense outpacing revenue growth, its loss surged by more than 13X to Rs 490 crore in Q3 FY26 from Rs 37 crore in Q3 FY25. On a sequential basis, the company’s loss increased by 48% from Rs 330.5 crore loss in Q2 FY26. Meesho made its debut on the public market listing at a hefty premium and closing one of the largest tech IPOs of 2025. The Bengaluru-based firm opened at Rs 162.5 per share on NSE, a 46% jump over its issue price of Rs 111. At the end of today’s trading session, Meesho’s share price stood at Rs 173, giving the firm a total market capitalization of Rs 78,077 crore ($8.5 billion).

Pine Labs posts Rs 42 Cr profit in Q3 FY26; revenue grows 24%

EntrackrEntrackr · 5d ago
Pine Labs posts Rs 42 Cr profit in Q3 FY26; revenue grows 24%
Medial

Fintech major Pine Labs announced its financial results for Q3 FY26 after debuting on Indian stock exchanges in the same quarter. The firm’s revenue increased by 24% during the third quarter, while it remained profitable in the same period. The company’s revenue from operations increased to Rs 744 crore in Q3 FY26 from Rs 601 crore in the same quarter last year, according to its financial statement sourced from NSE. Other income contributed an additional Rs 36 crore, which drove its total income to Rs 780 crore for the quarter. For the nine-month period ending December 2025, the firm’s revenue increased 20% to Rs 2,010 crore from Rs 1,676 crore, a year earlier. On the expense side, employee benefit was the largest cost centre, which accounted for 37% of the total expense. This cost increased by 5% to Rs 263 crore in Q3 FY26 from Rs 251 crore in Q3 FY25. Cost of material rose 51% to Rs 104 crore in Q3 FY26 from Rs 69 crore in Q3 FY25. Finance cost and depreciation cost were other overheads which led to the total expense to increase by 13% to Rs 705 crore in Q3 FY26. Pine Labs entered profitability on the back of steady growth and disciplined cost control, reporting a net profit of Rs 42 crore in Q3 FY26 versus a loss of Rs 57 crore in Q3 FY25. For the nine-month period, the company posted a profit of Rs 53 crore. Pine Labs made a positive debut on the public markets, listing at a 9.5% premium over its issue price. The stock opened at Rs 242 per share against the IPO price of Rs 221, giving the Peak XV-backed firm a stable start on the NSE and BSE. Earlier this month, Pine Labs received RBI approval to fully acquire RBI-licensed account aggregator Agya Technologies, increasing its stake to 100% from its previous associate company status. The company’s share is trading at Rs 233, giving it a market capitalization of Rs 26,736 crore (approximately $2.9 billion).

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

EntrackrEntrackr · 9d ago
Urban Company posts Rs 383 Cr revenue and Rs 21 Cr loss in Q3 FY26
Medial

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).

PB Fintech posts Rs 1,711 Cr revenue in Q3 FY26; profit surges 2.6X

EntrackrEntrackr · 2h ago
PB Fintech posts Rs 1,711 Cr revenue in Q3 FY26; profit surges 2.6X
Medial

PB Fintech posts Rs 1,711 Cr revenue in Q3 FY26; profit surges 2.6X PB Fintech has released its financial results for the third quarter of the ongoing fiscal year (Q3 FY26) on Monday. The company reported a 32.5% growth in scale, while its year-on-year (YoY) profits increased by 2.6X during the same period. PolicyBazaar’s revenue from operations surged to Rs 1,711 crore in Q3 FY26 in contrast to Rs 1,292 crore in Q3 FY25, as per the firm’s financial results sourced from the National Stock Exchange (NSE). The Gurugram-based company generated the largest share (92%) of its operating revenue from insurance broker services, which rose to Rs 1,573 crore in Q3 FY26 from Rs 1,132 crore in Q3 FY25. Besides operating revenue, the firm also earned Rs 144 crore via interest and gains from financial assets during the quarter which took its total topline to Rs 1,856 crore in the quarter ending December 2025. PolicyBazaar has not provided a detailed breakdown of expenses in its quarterly financial statements. However, employee benefits expenses rose 25% YoY to Rs 607 crore. Overall, the company's total costs grew 27% to Rs 1,655 crore in Q3 FY26 compared to Rs 1,307 crore in Q3 FY25. PolicyBazaar's net profits surged 164% to Rs 189 crore in Q3 FY26 from Rs 71.5 crore in Q3 FY25. Sequentially, its profit increased by 40% from Rs 135 crore in Q2 FY26. At the end of the day, PolicyBazaar traded at Rs 1,545 with a total market capitalization of Rs 71,483 crore (approximately $7.8 billion).

Bluestone posts first-ever profit in Q3 FY26; revenue climbs to Rs 749 Cr

EntrackrEntrackr · 10d ago
Bluestone posts first-ever profit in Q3 FY26; revenue climbs to Rs 749 Cr
Medial

Fintrackr All Stories Bluestone posts first-ever profit in Q3 FY26; revenue climbs to Rs 749 Cr Bluestone has announced its financial results for the third quarter of the ongoing fiscal year (Q3 FY26) on Thursday. The firm’s revenue grew by 28% year-over-year, while the company achieved profitability during the same period. Revenue from operations increased to Rs 749 crore in Q3 FY26, compared to Rs 587 crore in Q3 FY25, as per its financial statements sourced from the National Stock Exchange (NSE). On a nine-month basis, operating revenue increased by 34% to Rs 1,755 crore from Rs 1,309 crore a year earlier. The sale of diamond, gold, platinum, gemstone, and pearl jewelry was the sole source of revenue. However, the firm did not provide a detailed revenue breakdown. The company also made Rs 10 crore from non-operating sources, taking total revenue to Rs 759 crore in the first quarter. The cost of materials remained the largest cost center for the company, accounting for 59% of its total expenditure. This expense increased by 11% year-on-year, rising to Rs 409 crore in Q3 FY26 from Rs 369 crore in Q3 FY25. Employee benefits rose 22% to Rs 73 crore in Q3 FY26. Overall, total costs grew by approximately 10%, reaching Rs 689 crore in Q3 FY26. The growth momentum and controlled expenses helped the company to gain profitability. The company posted a profit of Rs 69 crore in Q3 FY26 as compared to a loss of Rs 3 crore in Q3 FY25. However, for the nine-month period ending December 2026, the company’s losses stood at Rs 18 crore. BlueStone has approved a Rs 25 crore capital infusion into its subsidiary Ethereal House through subscription of Series A2 compulsorily convertible preference shares. The funds will be used for working capital and business expansion, with BlueStone’s stake capped at 74%. Bluestone launched its initial public offering (IPO) in August 2025, with a price band set between Rs 492 and Rs 517 per share. The stock made its market debut on 19 August 2025 at Rs 510, reflecting a slight 1.3 % discount from its issue price of Rs 517. At the end of today’s trading session, Bluestone’s share traded at Rs 474, with the company’s total market capitalization standing at Rs 7,175 crore (approx $783 million).

Ixigo posts Rs 317 Cr revenue in Q3 FY26; profit grows 55%

EntrackrEntrackr · 10d ago
Ixigo posts Rs 317 Cr revenue in Q3 FY26; profit grows 55%
Medial

Ixigo posts Rs 317 Cr revenue in Q3 FY26; profit grows 55% Online travel aggregator (OTA) Ixigo released its financial results for the third quarter of the ongoing fiscal year (Q3 FY26) on Thursday. The company reported a 31% growth in scale, while the company also increased its profit during the same period. Ixigo’s revenue from operations increased to Rs 317.6 crore in Q3 FY26 in contrast to Rs 242 crore in Q3 FY25, as per the firm’s unaudited financial results sourced from the National Stock Exchange (NSE). The Gurugram-based company generated the largest share (42%) of its operating revenue from train ticketing, which rose to Rs 134 crore in Q3 FY26 from Rs 120 crore in Q3 FY25. Flight and bus booking services contributed 32% and 24% to the company’s revenue, respectively. Besides operating revenue, the firm also earned Rs 16.5 crore via interest and gains from financial assets during the quarter which took its total income to Rs 334 crore in the quarter ending December 2025. Ixigo has not provided a detailed breakdown of expenses in its quarterly financial statements. However, employee benefits expenses rose by 15% YoY to Rs 45 crore. Overall, the company's total costs grew 32% to Rs 296 crore in Q3 FY26 compared to Rs 224 crore in Q3 FY25. Ixigo increased its profit by 55% to Rs 24 crore in Q3 FY26, as compared to a profit of Rs 15.5 crore in Q3 FY25. The company also approved the grant of 98,944 stock options under its ESOP scheme (2013, 2016, 2021). The ESOP is valued at around Rs 2.3 crore according to the company’s share price. The company’s competitor MakeMyTrip posted $295 million revenue in Q3 FY26 with its loss falling by 74% to $7 million in the period. At the close of trading on Thursday (Jan 22), Ixigo’s shares were priced at Rs 235, giving the online travel aggregator a market capitalization of Rs 10,320 crore (approximately $1.1 billion).

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