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Bharti Airtel Q4 PAT may dip 26.8% YoY to Rs. 2,201 cr: Prabhudas Lilladher
Money Control
·
1y ago
Medial
Prabhudas Lilladher predicts Bharti Airtel's net profit in Q4 2023-24 to be Rs. 2,201 crore, a decrease of 26.8% YoY and 9.9% QoQ. However, net sales are expected to increase by 7.6% YoY and 2.2% QoQ to Rs. 38,736.2 crore. EBITDA is also likely to rise by 8.8% YoY and 2.6% QoQ to Rs. 20,336.5 crore. This forecast is not an official statement.
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Airtel Payments Bank's FY24 profit surges 60% to Rs 34.5 Cr
YourStory
·
1y ago
Medial
Airtel Payments Bank, a subsidiary of Bharti Airtel, reported a 60% YoY increase in profit to Rs 34.5 crore in FY24. Its revenue for the fiscal rose by 42% to Rs 1,836 crore. The payments bank recorded a strong Q4 with a 15% sequential growth at Rs 539 crore. It onboarded more than a million new customers monthly and witnessed significant growth in savings account acquisitions. The monthly transacting users reached 80.4 million, and the bank's gross merchandise value stood at Rs 2,550 billion.
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Q3 earnings review: Nifty 50 beats estimates, says Motilal Oswal
Livemint
·
1y ago
Medial
Indian corporates reported strong Q3FY24 earnings, with widespread outperformance across various sectors, driven by favorable margins, according to Motilal Oswal Financial Services. Domestic cyclical sectors such as autos and financials, along with global cyclical sectors like metals and oil & gas, performed well. Technology earnings declined slightly, the first drop in 26 quarters. Nifty 50 exceeded expectations, with 17% YoY growth in PAT. The top earnings upgrades for FY25 were recorded in Tata Motors, Coal India, Hero MotoCorp, Cipla, and Bharti Airtel, while the top downgrades were UPL, LTI Mindtree, ITC, Divis Labs, and HUL.
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TBO Tek posts Rs 446 Cr revenue and Rs 59 Cr PAT in Q4 FY25
Entrackr
·
2m ago
Medial
Business-focused travel distribution platform Travel Boutique Online (TBO) has recorded a 21% year-on-year increase in its revenue while its profits grew 28.3% during the fourth quarter of the last fiscal year (FY25). TBO’s operating revenue increased to Rs 446 crore in Q4 FY25 from Rs 369 crore in Q3 FY24, its consolidated financial statements sourced from the National Stock Exchange (NSE) show. Income from the booking of hotels and packages accounted for 80% of TBO’s revenue, which increased to Rs 357 crore in Q4 FY25. Meanwhile, income from air ticketing and other allied services brought Rs 79 crore and Rs 10 crore to the firm’s coffers. Hotels and packages, as the top revenue source, made service fees the largest cost center, accounting for 33.75% of total expenditure or Rs 135 crore in Q4 FY25. Employee benefits were Rs 99 crore in the same quarter. Overall, total costs rose to Rs 400 crore in Q4 FY25 from Rs 325 crore in Q4 FY24. The decent surge in scale and controlled expenditure led TBO to post a 28.3% YOY increase in its profits after tax to Rs 59 crore in Q4 FY25 from Rs 46 crore in Q4 FY24. However, for the full fiscal year, it posted a 15% YoY increase in PAT to Rs 230 crore in the previous fiscal (FY25). At the end of today’s (Thursday, May 22) trading session, TBO Tek saw around a 3% decrease in its stock, which stood at Rs 1,197 with a total market capitalization of Rs 13,005 crore or ($1.53 billion).
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Airtel to lead on spectrum bids in the upcoming auctions in May
Thehindubusinessline
·
1y ago
Medial
Bharti Airtel is expected to be the leading bidder in the upcoming spectrum auctions in India in May. With renewal requirements for 42MHz of spectrum, the company could spend around ₹3,800 crore at reserve prices. Analysts predict that Airtel may focus on renewals and selectively bid on certain circles to increase its market share. The absence of the 700MHz band should alleviate concerns about overspending by Airtel. Meanwhile, Vodafone Idea may choose not to bid for renewals in the 1800MHz band. The upcoming tariff hikes post elections will also be important for the industry's growth.
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Airtel scouts for potential acquisitions in B2B space; eyes deep strategic alliances with top companies
Money Control
·
1y ago
Medial
Bharti Airtel is seeking potential acquisitions in the B2B sector to expand its enterprise business. The company aims to establish deep strategic alliances with top firms, akin to its recent partnership with Google Cloud. Airtel Business witnessed a 14.1% YoY revenue growth in Q1, driven by adjacencies in the large B2B market. Gopal Vittal, Managing Director, revealed that the company is exploring opportunities to strengthen its portfolio and further tap into the growing SME segment. Airtel also mentioned operating private 5G networks and stated that its fixed wireless access service will complement its fiber broadband offerings.
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Airtel prepays ₹8,024 cr in spectrum fees
Livemint
·
1y ago
Medial
Bharti Airtel, India's second-largest telecom services provider, prepaid ₹8,325 crore to the government as part of its deferred spectrum liabilities from 2015. The advance payment will help save costs for the company. Airtel had acquired 111.6 MHz of spectrum for ₹29,130.20 crore in the 2015 auctions, of which ₹7,832.58 crore was paid upfront at the time. The company has already prepaid dues for previous auctions and is yet to pay the remaining ₹10,000-12,000 crore for the 2015 spectrum.
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Airtel prepays Rs 7,900 cr to fully clear 2012, 2015 spectrum auction dues
Money Control
·
1y ago
Medial
Bharti Airtel has paid Rs 7,904 crore to the Department of Telecom, clearing all its deferred liabilities for acquiring spectrum between 2012 and 2015. This payment fully prepaid all the liabilities related to the auction, which had an interest cost of 9.75% and 10%. Earlier in January, Airtel had prepaid Rs 8,325 crore towards its deferred liabilities. The total dues for the 2015 auction were estimated to be Rs 10,000 crore to Rs 12,000 crore.
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ICICI Lombard gets GST show-cause notice worth ₹288 crore
Livemint
·
1y ago
Medial
ICICI Lombard General Insurance Company has received a show-cause notice for INR 288 crore in relation to the Goods and Services Tax (GST). In Q4 FY24, the company's revenue increased by 1.29% and profit surged by 18.89% YoY. In Q3, revenue grew by 3.13% and profit increased by 20.41%. Selling, general, and administrative expenses decreased by 22.37% QoQ and 59.48% YoY. Operating income rose by 29.87% QoQ and decreased by 52.46% YoY. Bharti Enterprises sold stake in ICICI Lombard for INR 663 crore, while ICICI Bank increased its stake to 51.7% from 51.27%.
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Mamaearth-parent Honasa posts Rs 533 Cr revenue in Q4 FY25; Profit falls 17%
Entrackr
·
2m ago
Medial
Honasa Consumer Limited, the parent company of Mamaearth, has reported a 13% growth in scale, while its year-on-year (YoY) profits decreased by 17% during the same period. Honasa Consumer Limited, based in Gurugram, announced its financial results for the fourth quarter of the last fiscal year (Q4 FY25). The company reported a 13% growth in scale, while YoY profits decreased by 17%. Mamaearth’s Q4 FY25 revenue from operations increased 13% YoY to Rs 533 crore from Rs 471 crore in Q4 FY24. For the full fiscal year (FY25), operating revenue increased 8% to Rs 2,067 crore from Rs 1,920 crore in FY24. The company also added Rs 20 crore from non-operating activities, tallying its overall revenue to Rs 554 crore for Q4 FY25. For FY25, total income was Rs 2,146 crore. The cost of procurement accounted for 30% of the overall expenditure, increasing 11% YoY to Rs 156 crore in Q4 FY25 from Rs 141 crore in Q4 FY24. Spending on employee benefits, marketing, legal, rent, and other overheads led to a 16% YoY rise in total expenditure to Rs 522 crore in Q4 FY25 from Rs 451 crore in Q4 FY24. Total expenses for FY25 were Rs 2,056 crore. The company reported a profit after tax of Rs 25 crore in Q4 FY25, a 17% decrease from Rs 30 crore in Q4 FY24. Profit for FY25 decreased to Rs 73 crore compared to Rs 110 crore in FY24. Recently, the company elevated Karan Bajwa and Avinash Dhagat to CXO roles, following Anuja Mishra's (CMO) resignation. Mamaearth parent’s shares closed at Rs 275, with a marketing capitalization of Rs 8,944 crore ($1.04 billion).
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Nazara posts Rs 520 Cr revenue and Rs 4 Cr PAT in Q4 FY25
Entrackr
·
2m ago
Medial
Nazara posts Rs 520 Cr revenue and Rs 4 Cr PAT in Q4 FY25 Gaming and sports media firm Nazara Technologies reported a 95% year-on-year rise in operating revenue for Q4 FY25. However, the Mumbai-based company’s profit remained modest at Rs 4 crore in the final quarter of the previous fiscal year. Nazara’s operating revenue rose by 95.3% to Rs 520 crore in Q4 FY25 from Rs 266 crore in Q4 FY24, according to its audited consolidated financial statements sourced from the National Stock Exchange (NSE). E-sports accounted for 41.5% (Rs 216 crore) of the company’s total operating revenue, while the gaming segment held a 30% share (Rs 156 crore), followed by ad tech, which contributed 28% (Rs 148 crore). Nazara also earned Rs 18 crore from interest and gains on financial assets during the quarter, bringing its overall revenue to Rs 539 crore. However, the company posted a 40.8% YoY increase in its total income to Rs 1,715 crore in FY25, compared to Rs 1,218 crore in FY24. On the line of scale, Nazara’s total expenses surged by 85.3% to Rs 528 crore in Q4 FY25, compared to Rs 285 crore in the same quarter last year. Content and commission costs together stood at Rs 186 crore, while employee benefit expenses rose to Rs 80 crore. Notably, marketing expenses saw a sharp 3.5X jump, reaching Rs 151 crore in Q4 FY25. Despite a 95% year-on-year revenue growth in Q4, the company’s profit remained flat at Rs 4 crore in Q4 FY25. For the full fiscal year, its net profit declined to Rs 51 crore in FY25 from Rs 74.7 crore in FY24. Last week, the Competition Commission of India (CCI) also approved the acquisition of a majority stake and control over Nazara Technologies Limited by Axana Estates LLP, Plutus Wealth Management LLP, and Junomoneta Finsol Private Limited. Nazara is currently trading at Rs 1,270 (as of 03.41 PM) with a total market capitalization of Rs 11,127 crore (approximately $1.3 billion).
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