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VerSe Innovation revenue jumps 88% in FY25; eyes profitability in H2 FY26

EntrackrEntrackr · 3m ago
VerSe Innovation revenue jumps 88% in FY25; eyes profitability in H2 FY26
Medial

VerSe Innovation, the parent company of Dailyhunt and short-video app Josh, reported improved financial performance for the fiscal year ending March 2025. According to the firm’s press release, operating revenue grew 88% during the fiscal year, while EBITDA burn reduced by 20%. VerSe Innovation’s operating revenue jumped to Rs 1,930 crore in FY25 from Rs 1,029 crore in FY24. Total revenue, including other income, stood at Rs 2,071 crore during the year, representing a 64% year-on-year growth. On a standalone basis, excluding acquisitions, the main firm’s revenue grew 33% to Rs 1,373 crore in FY25. VerSe reduced its EBITDA burn (excluding non-cash expenses) by 20% to Rs 738 crore in FY25 against Rs 920 crore in FY24. Its EBITDA margin improved to –38% in FY25 compared to -89% in FY24. Operating expenses also fell to 61% in FY25 from 77% in FY24. VerSe aims for EBITDA positivity and profitability at the group-level in the second half of FY26 through AI-led monetization, subscription growth, community engagement, and strategic acquisitions. The company plans to integrate acquisitions like Magzter and ValueLeaf to enhance monetization. VerSe serves over 350 million users and is backed by investors such as CPP Investments, OTPP, QIA, Carlyle, Google, and Microsoft. As India’s first unicorn in the local language content space, VerSe’s path to profitability by H2 FY26 is closely watched, with potential IPO plans in future years.

Ecozen’s profit nears Rs 100 Cr in FY25; revenue jumps 2.5X

EntrackrEntrackr · 7d ago
Ecozen’s profit nears Rs 100 Cr in FY25; revenue jumps 2.5X
Medial

Ecozen, a climate-tech firm focused on solar-powered cold chain and irrigation solutions, delivered a strong financial performance in FY25, recording 2.5x year-on-year growth. Moreover, the company’s profits surged nearly fivefold during the same period. Ecozen’s revenue from operations rose 2.5X to Rs 1,150 crore in FY25 from Rs 458 crore in FY24, according to its consolidated annual financial statements filed with the Registrar of Companies (RoC). Ecozen provides climate smart solutions built on core technology stacks such as motor controls, IoT, and energy storage, leveraging solar power. The company’s key products include Ecotron (solar pump controller), Ecofrost (solar cold storage), solar AC, solar panels. The sale of solar and related products accounted for 77% of its collections, which rose 2.3x to Rs 889 crore in FY25. The rest of the income came from the installation of a solar pumping system and other services; this revenue rose by 23% to Rs 261 crore during FY25. On the expense front, the cost of materials remained the largest cost element, forming 64% of the total spend. This cost surged 2X to Rs 662.5 crore in FY25 from. Contract costs ballooned over 3X to Rs 169 crore, while employee benefit expenses grew 58% to Rs 49 crore during the year. After sales service expense, warranty claim expense, and other overheads climbed to Rs 118 crore during FY25. Overall, total expense spiked 2.4x to Rs 1,038 crore in FY25 from Rs 439.5 crore in FY24. With the 2.5X growth in FY25, the profits for the Pune-based firm shot up by nearly 5x to Rs 95 crore in FY25 from Rs 20 crore in FY24. During the previous fiscal, its ROCE and EBITDA margin improved to 28.92% and 13.17%, respectively. On a unit level, Ecozen spent Rs 0.90 to earn a rupee in FY25. The company’s current assets were worth Rs 831 crore at the end of FY25, including cash and bank balances of Rs 228 crore, up from Rs 96 crore in FY24. According to TheKredible, Ecozen has raised over $76 million to date through a mix of debt and equity. Nuveen Global and Omnivore are the company’s lead investors. The company is in the process of raising Rs 95 crore (approximately $10.7 million) in debt funding from Momentum Capedge Limited.

Nykaa Jumps Over 6% On Expectation Of ‘High-Twenties’ Revenue Growth In Q4

Inc42Inc42 · 1y ago
Nykaa Jumps Over 6% On Expectation Of ‘High-Twenties’ Revenue Growth In Q4
Medial

Shares of Nykaa's parent company, FSN E-commerce, soared over 6% following the company's optimistic growth outlook for the January-March quarter. Nykaa expects a "high twenties" year-on-year revenue growth and a "mid-twenties" growth in gross merchandise value (GMV). The company attributes this growth to strong momentum in customer acquisition, platform conversion, and user-level growth. The beauty and personal care (BPC) category is expected to drive growth, with a projected GMV growth of around 30%. Additionally, Nykaa's fashion segment is expected to grow in the high twenties in terms of GMV. In Q3, Nykaa's consolidated net profit more than doubled, supported by the growth in the fashion business and margin expansion.

CarTrade posts Rs 173 Cr revenue in Q1 FY26, profit jumps 2X YoY

EntrackrEntrackr · 5m ago
CarTrade posts Rs 173 Cr revenue in Q1 FY26, profit jumps 2X YoY
Medial

CarTrade released its financial results for the first quarter of the ongoing fiscal year (Q1 FY26) on Monday. The company reported a 22% year-on-year revenue growth compared to Q1 FY25, with profit doubling in the same time period. CarTrade’s revenue from operations grew 22% to Rs 173 crore in Q1 FY26 in contrast to Rs 142 crore in Q1 FY25, as per the firm’s unaudited financial results sourced from the National Stock Exchange (NSE). The company’s total income for Q1 FY26 grew to Rs 199 crore, up from Rs 157 crore in Q1 FY25. The Mumbai-based company operates in three segments: Consumer, Remarketing, and Classifieds. Income from the consumer segment formed 38% of the total operating revenue which increased to Rs 66 crore in Q1 FY26 from Rs 51 crore in Q1 FY25. Income from the remarketing and classified segment stood at Rs 59 crore and Rs 48 crore, respectively, in the first quarter of the ongoing fiscal year. On the expense front, employee benefits expenses formed 53% of the overall spending which went up a modest 6% to Rs 75 crore during the period. Including other costs, CarTrade’s overall expenses increased 8% to Rs 142 crore in Q1 FY26 from Rs 23 crore during Q1 FY25. The decent growth and controlled spending enabled CarTrade to double its net profit to Rs 47 crore in Q1 FY26, compared to Rs 23 crore in Q1 FY25. CarTrade’s share price is trading at Rs 1,871 (as of 10:56 AM) with a total market capitalization of Rs 8,886 crore ($1.03 billion).

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