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Atomberg revenue grows 31% to Rs 848 Cr in FY24

EntrackrEntrackr · 8m ago
Atomberg revenue grows 31% to Rs 848 Cr in FY24
Medial

Consumer appliances brand Atomberg reported over 31% growth in its operating revenue in the fiscal year ending March 2024. At the same time, the Mumbai-based firm also reduced losses by 31.7% during this period. Atomberg’s revenue from operations rose 31.5% to Rs 848 crore in FY24 from Rs 645 crore in the previous fiscal year, according to its press release. This growth indicates strong performance in its core product segment: fans, which contributed Rs 841 crore to its coffers. Atomberg’s product portfolio includes energy-efficient brushless direct current (BLDC) and smart fans, mixer grinders, and smart locks. It claims to have sold more than 8 million units to date. The non-fan segment, however, earned only Rs 7 crore during FY24. The company expects significant growth in these areas in FY25, driven by positive sales trends in its kitchen and lock products. The company also reported an improvement in its operating results, with operational EBITDA moving from a loss of Rs 49 crore to Rs 22 crore in FY24, narrowing the EBITDA margin from -8% to -3%. Backed by A91 Ventures, Atomberg improved its financials, reducing losses by 31.7% in the last fiscal year. According to the company, losses fell from Rs 202 crore in FY23 to Rs 138 crore in FY24. The difference between operational EBITDA and reported losses was attributed to non-operational expenses, including ESOP grants, management bonuses, and costs related to fundraising activities. In the e-commerce market, Atomberg retained its position as a key seller on major online marketplaces. The company also made substantial investments in research and development (R&D) during the year to introduce new products, including fans and mixers. Founded by Manoj Meena and Sibabrata Das in 2012, Atomberg has raised $130 million to date, including an $86 million Series C funding round led by Temasek and Steadview Capital in May last year.

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Blackbuck posts Rs 41 Cr PBT in Q4 FY25, revenue grows 31%

EntrackrEntrackr · 1m ago
Blackbuck posts Rs 41 Cr PBT in Q4 FY25, revenue grows 31%
Medial

Blackbuck posts Rs 41 Cr PBT in Q4 FY25, revenue grows 31% Blackbuck's revenue from operations grew to Rs 122 crore in Q4 FY25 from Rs 93 crore in Q4 FY24, its financial statements sourced from the National Stock Exchange show. Online trucking platform Blackbuck has released its quarterly report for the financial year ending March 2025. The Bengaluru-based company reported a 31% year-on-year growth in scale in Q4 FY25 and turned profitable, posting a profit before tax (PBT) of Rs 41 crore in the quarter. For the full fiscal year (FY25), Blackbuck’s operating revenue increased 44% to Rs 427 crore in FY25 from Rs 297 crore in FY24. Revenue from its truck operator services was the primary source of revenue, accounting for 98% of total operating revenue. The company also made Rs 15 crore from interest income which took its overall revenue to Rs 137 crore in Q4 FY25, compared to Rs 99 crore in Q4 FY24. For the full fiscal year, the firm’s total revenue stood at Rs 462 crore in FY25. Looking at the expenses, the employee benefit cost accounted for 35% of the overall expenditure which fell 74% year-on-year to Rs 33 crore in Q4 FY25 from Rs 128 crore in Q4 FY24. Depreciation and other operating expenses were key overheads that drove total expenditure to Rs 95 crore in Q4 FY25, compared to Rs 187 crore in the same quarter last year. For the fiscal year ending March 2025, the firm’s total expenses fell to Rs 371 crore as compared to Rs 483 crore in FY24. Blackbuck booked profit before tax of Rs 41 crore in Q4 FY25, as compared to a loss of Rs 87 crore in Q4 FY24. Meanwhile, for the full fiscal year ended March 2025, the company remained at a loss of Rs 283 crore (before tax), 69% more than Rs 167 crore in FY24. Blackbuck debuted on the stock exchange at Rs 208.90 and is now trading at Rs 459 on May 27, bringing its total market capitalization to Rs 8,180 crore.

Swiggy crosses Rs 4,000 Cr revenue in Q3 FY25, InstaMart grows 2.1X

EntrackrEntrackr · 5m ago
Swiggy crosses Rs 4,000 Cr revenue in Q3 FY25, InstaMart grows 2.1X
Medial

Swiggy crosses Rs 4,000 Cr revenue in Q3 FY25, InstaMart grows 2.1X Swiggy’s food delivery business continues to be a major contributor, accounting for 34.23% of the total collection in Q3 FY25. Foodtech and quick commerce major Swiggy has managed a 31% year-on-year growth in its operating revenue which spiked to Rs 3,993 crore during Q3 FY25 as compared to Rs 3,048 crore in Q3 FY24. Swiggy’s food delivery business continues to be a major contributor, accounting for 34.23% of the total collection in Q3 FY25. Revenues from this vertical grew 3% to Rs 1,367 crore from Rs 1,326 crore in Q3 FY24. The company’s quick commerce segment also saw remarkable growth, with revenue surging by 113% to Rs 576 crore in Q3 FY25 from Rs 270 crore in Q3 FY24. The segment's gross order value (GOV) growth was driven by an increase in order frequency and the addition of new dark stores, contributing significantly to the company’s overall revenue.

Pristyn Care revenue grows 33% to Rs 601 Cr in FY24

EntrackrEntrackr · 6m ago
Pristyn Care revenue grows 33% to Rs 601 Cr in FY24
Medial

Pristyn Care, a surgery-focused hospital chain, recorded over Rs 600 crore in revenue for the fiscal year ending March 2024. While expanding its operations, the Tiger Global-backed company kept its losses steady during the same period. Pristyn Care’s revenue from operations grew by 32.7% to Rs 601 crore in FY24 from Rs 453 crore in FY23, its consolidated financial statements accessed from the Registrar of Companies show. The company follows a hybrid model, setting up its own clinics and utilizing third-party hospital infra to provide surgeries. The company claims to have a presence in over 40 cities, managing 100 clinics and treating patients in more than 350 partner hospitals. Income from the sale of healthcare services accounted for 55.24% of the total operating revenue which stood at Rs 332 crore in FY24. The rest of the revenue came from the sale of medical and healthcare products which surged 2.5X to Rs 267 crore in the previous fiscal. Pristyn Care also added Rs 31 crore in income from (non-operating) activities, which tallied its overall revenue to Rs 632 crore in FY24, as compared to Rs 494 crore in FY23. For the healthcare firm, the procurement of medical devices accounted for 26% of its total expenses. Driven by the growth in device sales, the procurement costs rose to Rs 264 crore in FY24 from Rs 75 crore in FY23. The company cut its advertising and employee benefits costs by 21% and 3.5% to Rs 183 crore and Rs 192 crore, respectively. Surgery, fees to doctors, legal, travel, consumables, and other overheads increased the overall expenditure to Rs 1,014 crore in FY24 from Rs 877 crore in FY23. By the end of FY24, the Harsimarbir Singh-led company reduced its workforce by 7% as it aims for profitability and prepares for an initial public offering (IPO) in the coming years. The 32% scale and controlled expenditure on advertising and employee benefits helped Pristyn Care to post a flat loss which stood at Rs 381 crore in FY24, as compared to Rs 383 crore in FY23. On a unit level, it spent Rs 1.69 to earn a rupee in FY24. For its surgery business, the company projects a 35% growth in FY25, along with a 60% improvement at the EBITDA level. Pristyn Care also plans to launch an IPO within the next three years. Notably, Pristyn Care achieved this growth without raising external funds in the past three years. In December 2021, the company secured $85 million from Peak XV Partners, Tiger Global to attain unicorn status. In June 2022, it acquired Lybrate, a company backed by Ratan Tata and Tiger Global.

Zomato posts Rs 175 Cr PAT in Q4 FY24, revenue grows 8.3%

EntrackrEntrackr · 1y ago
Zomato posts Rs 175 Cr PAT in Q4 FY24, revenue grows 8.3%
Medial

Foodtech and quick commerce platform Zomato on Monday released its financial results for the fourth quarter of the ongoing fiscal year (Q4 FY24). With the steady expansion, the company has witnessed around 27% increase in its profit along with marginal growth in revenue. Zomato’s revenue from operations grew 8.3% to Rs 3,562 crore in Q4 FY24 in contrast to Rs 3,288 crore in Q3 FY24, as per the firm’s consolidated financial results sourced from the National Stock Exchange. With this, Zomato’s overall revenue for the fiscal year ending March 2024 jumped 71% to Rs 12,114 crore from Rs 7,079 in FY23. Zomato operates several business units including a food marketplace, Hyperpure and quick commerce platform BlinkIt. Income from food and delivery biz accounted for 48.8% in Q4 FY24 which grew 2.1% to Rs 1,739 in Q4 FY24 from Rs Rs 1,704 crore in Q3 FY24. The collections from Hyperpure supplies (B2B) and quick commerce vertical (Blinkit) grew 10.7% and 19.4% to Rs 951 crore and Rs 769 crore, respectively. Earning from “Going-out” and other non-operating income took Zomato Group’s overall revenue to Rs 3,797 crore in Q4 FY24. The cost for delivery and related charges formed 30.7% of the overall expenditure which increased 4.7% to Rs 1,118 crore in Q4 FY24. Its cost of procurement, employee benefits, advertising, and marketing pushed its overall expenditure to Rs 3,636 in Q4FY24 from Rs 3,382 in Q3FY24. The optimum cost mechanism and increased scale helped Zomato to record a 26.8% hike in its profits to Rs 175 in Q4 FY24 from Rs 138 crore in Q3 FY24. On a unit level, the Gurugram-based company spent Rs 1.02 to earn a rupee in Q4 FY24.

Swiggy posts Rs 4,410 Cr revenue in Q4 FY25, Instamart grows 115%

EntrackrEntrackr · 2m ago
Swiggy posts Rs 4,410 Cr revenue in Q4 FY25, Instamart grows 115%
Medial

Swiggy posts Rs 4,410 Cr revenue in Q4 FY25, Instamart grows 115% Foodtech and quick commerce major Swiggy has managed a 45% year-on-year growth in its operating revenue which spiked to Rs 4,410 crore during Q4 FY25 as compared to Rs 3,045 crore in Q4 FY24. However, the Bengaluru-based company’s losses surged 95% in the same period. Swiggy’s food delivery business continues to be a major contributor, accounting for 37% of the total collection in Q4 FY25. Revenues from this vertical grew 18% to Rs 1,629 crore from Rs 1,375 crore in Q4 FY24. The company’s quick commerce segment also saw remarkable growth, with revenue surging by 115% to Rs 689 crore in Q4 FY25 from Rs 320 crore in Q4 FY24. The segment's gross order value (GOV) growth was driven by an increase in order frequency and the addition of new dark stores. Scootsy Logistics contributed a major 45% of Swiggy’s overall operating collection. Income from this entity increased by 58% YoY to Rs 2,004 crore in Q4 FY25 from Rs 1,265 crore in Q4 FY24. During the last quarter, Swiggy invested Rs 1,000 crore in Scootsy to support expansion and growth. Swiggy’s Dine Out, Genie, Swiggy Mini, and other non-operating income took its total revenue to Rs 4,531 crore in Q4 FY25. For the full fiscal year ending March 2025, Swiggy’s revenue rose 35% to Rs 15,227 crore in FY25 from Rs 11,247 crore in FY24. On the cost side, the procurement of FMCG products for supply chain distribution formed 33% of its overall cost which increased by 52% to Rs 1,854 crore in Q4 FY25. Meanwhile, the delivery charges saw 27% growth to Rs 1,161 crore in Q4 FY25. Swiggy spent Rs 695 crore and Rs 978 crore on employee benefits and advertising, respectively. Overall, Swiggy’s total expenses for the quarter increased 53% to Rs 5,609 crore from Rs 3,668 crore in Q4 FY24. On a fiscal-on-fiscal year basis, its total expenses increased to Rs 18,725 crore in the quarter ending March 2025 from Rs 13,947 crore in FY24. The 53% growth in expenditure led losses to increase by 95% to Rs 1,081 crore in Q4 FY25 from Rs 555 crore in Q4 FY24. On a fiscal-on-fiscal basis, Swiggy’s losses spiked 33% to Rs 3,117 crore in FY25 from Rs 2,350 crore in FY24.

MapMyIndia posts Rs 140 Cr revenue in Q4 FY25, profit grows 29%

EntrackrEntrackr · 2m ago
MapMyIndia posts Rs 140 Cr revenue in Q4 FY25, profit grows 29%
Medial

MapMyIndia posts Rs 140 Cr revenue in Q4 FY25, profit grows 29% CE Info Systems, the parent company of MapMyIndia, has announced its financial results for the fourth quarter of FY25. The company reported a year-on-year revenue growth of over 34% compared to Q4 FY24. MapMyIndia’s revenue from operations increased to Rs 143 crore in Q4 FY25 from Rs 107 crore in Q4 FY24. Meanwhile, for the full fiscal year, revenue increased by 22% to Rs 463 crore in FY25 from Rs 379 crore in FY24, according to its consolidated quarterly report. Income from digital map data, GPS navigation, location-based services, and IoT was the primary source of revenue for MapMyIndia, accounting for 88% of the total collection. This revenue source increased by 51% to Rs 127 crore in Q4 FY25. However, income from the sale of its devices generated Rs 16.5 crore in revenue. The cost of IoT devices, employee benefits, and outsourced technical services were the major cost elements, pushing the total cost of the firm to Rs 90 crore in Q4 FY25, up from Rs 72 crore in Q4 FY24. On a fiscal basis, the total cost increased to Rs 306 crore in FY25. With the increase in scale, MapMyIndia recorded a 29% increase in its profit to Rs 49 crore during Q4 FY25, compared to Rs 38 crore in the fourth quarter of the previous fiscal year. Meanwhile, annual profit increased by 10% to Rs 148 crore in FY25, up from Rs 134 crore in FY24. At the end of the day on 9th May 2025, MapMyIndia closed at Rs 1,845 per share, with a market capitalization of Rs 10,040 crore ($1.17 billion).

Unicommerce’s revenue grows 70% in Q4 FY25

EntrackrEntrackr · 2m ago
Unicommerce’s revenue grows 70% in Q4 FY25
Medial

E-commerce enablement SaaS platform Unicommerce continued its growth trajectory over the last quarter, reporting a 73% increase in revenue and 18% jump in profit. The company’s revenue from operations rose to Rs 45 crore in Q4 FY25 from Rs 26 crore in Q4 FY24, according to its financial statement sourced from National Stock Exchange (NSE). For the full fiscal year ending March 2025, Unicommerce’s revenue rose 31% to Rs 135 crore. Including other undisclosed income, its total income for Q4 FY25 grew to Rs 46 crore, up from Rs 27.7 crore in Q4 FY24. On the expense front, employee benefits remained steady at Rs 16 crore in Q4 FY25. Server hosting costs declined 28% to Rs 1 crore from Rs 1.4 crore, while depreciation and amortization rose to Rs 4 crore. Finance costs stood at Rs 1.5 crore during the quarter. Overall, Unicommerce’s total expenses for the quarter increased 71% to Rs 41 crore from Rs 24 crore in Q4 FY24. Annually, total expense increased to Rs 116 crore in FY25 from Rs 92 crore in FY24. At the end, the Gurugram-based firm reported a 16.4% spike in its profit to Rs 3.35 crore in Q4 FY25 as compared to Rs 2.88 crore in Q4 FY24. On a fiscal basis, the company’s profit increased 34.3% to Rs 17.6 crore in FY25 from Rs 13.1 crore in FY24. Since its public listing in August 2024, Unicommerce has seen significant growth in market capitalization, which now stands at Rs 1,321 crore. As of May 5, its share price closed at Rs 128, up from the listing price of Rs 108. The stock reached its 52-week peak of Rs 264 in August last year.

Paytm revenue grows 25% and nears Rs 10,000 Cr in FY24

EntrackrEntrackr · 1y ago
Paytm revenue grows 25% and nears Rs 10,000 Cr in FY24
Medial

One97 Communication Private Limited, the parent company of Paytm, scaled 25% year-on-year during the fiscal year ending March 2024. The Noida-based firm, however, managed to maintain EBITDA profitability before ESOP throughout the last fiscal year (FY24). Paytm’s revenue from operations grew 25% to Rs 9,978 crore in FY24 from Rs 7,990 crore in FY23, its annual financial statements disclosed through the National Stock Exchange show. Income from payment services accounted for 62.48% of the total operating revenue, which grew 25% to Rs 6,235 crore in FY24. Meanwhile, income from financial services grew by 30% to Rs 2,004 crore. The remainder income came from marketing and other sources. Paytm also made Rs 547 crore from non-operating activities mainly from interest and gain on financial assets, tallying the total income to Rs 10,525 crore in the last fiscal year (FY24). To the tune of other technology firms, its employee benefits accounted for 39.4% of the overall expenditure. This cost surged 21.5% to Rs 4,589 crore in FY24 from Rs 3,778 crore in FY23. This includes Rs 1,466 crore as share-based payment aka ESOPs cost. Its payment processing charges grew 10.9% to Rs 3,280 crore in FY2. Paytm’s software/tech, marketing cum promotional, legal, and other overheads drove its total expenditure up by 15% to Rs 11,645 crore in FY24 from Rs 10,130 crore in FY23. Note: Paytm has booked Rs 1,465 crore of ESOPs and wrote off Rs 227 crore worth of investments which was made to its associate firm Paytm Payments Bank Ltd (PPBL) after RBI’s action. The decent growth and controlled expenditure helped Paytm to reduce its net losses by 20% to Rs 1,422 crore in FY24. Meanwhile, Paytm maintained its EBITDA profitability before ESOP throughout the year which stood at Rs 559 crore in FY24.

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