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Mobikwik losses surge 6X in Q1 FY26

EntrackrEntrackr · 2m ago
Mobikwik losses surge 6X in Q1 FY26
Medial

Mobikwik losses surge 6X in Q1 FY26 Fintech platform MobiKwik reported its quarterly results for the first quarter of the ongoing fiscal year (FY26), with revenue declining 20.8% year-on-year and losses rising over six-fold. MobiKwik’s revenue from operations decreased by 20.8% to Rs 271 crore in Q1 FY26 from Rs 342 crore in Q1 FY25. Commissions on recharges, processing, and interest on servicing loans, payment gateways, as well as platform fees were the primary revenue sources for MobiKwik in Q1 FY26. The company has 180.2 million registered users and 4.64 million merchants at the end of the first quarter (FY26). For the payments platform, payment gateway costs accounted for the largest expense, making up 46% of the total cost of Rs 143 crore in Q1 FY26. Employee benefit expenses stood at Rs 42 crore, while lending fees amounted to Rs 29 crore. MobiKwik’s financial guarantee, legal, advertising-marketing, finance, and other overheads took its total burn to Rs 313 crore in Q1 FY26. MobiKwik’s losses rose over six-fold to Rs 42 crore in Q1 FY26, compared to Rs 6.6 crore in the same quarter last year. For the fiscal year ended in March 2025, it reported a net loss of Rs 121.5 crore. Earlier this month, Mobikwik received approval from SEBI to operate as a stockbroker and clearing member through its wholly owned subsidiary, Mobikwik Securities Broking Private Limited (MSBPL). At the end of Thursday's session, Mobikwik’s stock was trading at Rs 246.80 with a total market capitalization of Rs 1,929 crore or approximately $227 million.

CarTrade posts Rs 193 Cr in revenue, profit doubles to Rs 64 Cr

EntrackrEntrackr · 1d ago
CarTrade posts Rs 193 Cr in revenue, profit doubles to Rs 64 Cr
Medial

CarTrade posts Rs 193 Cr in revenue, profit doubles to Rs 64 Cr Automobile classifieds platform CarTrade announced its financial results for the second quarter of FY26, reporting a 25% year-on-year increase in revenue and a two-fold rise in profit compared to Q2 FY25. CarTrade’s revenue from operations grew 25% to Rs 193.41 crore in Q2 FY26 in contrast to Rs 154.2 crore in Q2 FY25. The company also added another 28.73 crore in other income, taking its total income for Q2 FY26 to Rs 222.14 crore. The Mumbai-based company operates across three segments: Consumer, Remarketing, and Classifieds. Revenue from the Consumer segment accounted for 39.4% of total operating income, rising to Rs 76.24 crore in Q2 FY26 from Rs 55.62 crore in Q2 FY25. The Remarketing and Classifieds segments contributed Rs 62.62 crore and Rs 55.5 crore, respectively. On the expense front, employee benefits accounted for 55% of total spending, increasing 11% to Rs 77.5 crore during the period. CarTrade’s total expenses grew modestly by 5% to Rs 142.2 crore in Q2 FY26. A 25% year-on-year rise in operating revenue, coupled with controlled expenses, helped the firm double its profit to Rs 64 crore in Q2 FY26 from Rs 30.7 crore in Q2 FY25. On a half-yearly basis, the company’s revenue rose 24% year-on-year to Rs 366.45 crore, while its profit more than doubled to Rs 111.13 crore. The firm has also appointed Varun Sanghi as its Chief Strategy Officer (CSO) and senior management personnel.

Purple Style Labs posts Rs 372 Cr revenue in FY23, cuts losses

EntrackrEntrackr · 1y ago
Purple Style Labs posts Rs 372 Cr revenue in FY23, cuts losses
Medial

Purple Style Labs, an omnichannel luxury fashion platform, experienced rapid growth with a revenue increase of over eight-fold in the last two fiscal years. Its revenue from operations reached Rs 372 crore in FY23, compared to Rs 44 crore in FY21. The Mumbai-based company also managed to narrow down its losses significantly in the fiscal year ending March 2023. Purple Style Labs primarily generates revenue from the sale of designer fashion and lifestyle products, with a significant contribution from its UK-based subsidiary. The company's expenses include material procurement, advertising and marketing, employee benefits, and other overheads. Despite the growth, Purple Style Labs still posted losses in FY23.

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