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Bottomline: CoreEL’s profit halves as revenue growth, margins take a hit
VCCircle
·
7m ago
Medial
CoreEL, an electronics design and manufacturing company backed by 360 One Asset Management, reported a decrease in net profit for the fiscal year ending in March 2024. The decline was attributed to lower margins and sluggish revenue growth. CoreEL's net profit fell to Rs 11 crore during this period.
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Bottomline: Fullerton-backed Lendingkart’s FY24 profit nearly halves; revenue, AUM up
VCCircle
·
1y ago
Medial
Lendingkart Finance Ltd, a non-banking financial company (NBFC) owned by the Lendingkart Group, reported a decrease in net profit for the financial year ending March 2024. Despite this, the company saw an increase in revenue from operations and assets under management (AUM). Lendingkart's net profit dropped to Rs 60 crore ($7.2 million), indicating a decline in profitability. However, the company achieved growth in its overall business operations.
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Bottomline: Drools Pet Food crosses $100 mn in revenue but margins under pressure
VCCircle
·
3m ago
Medial
Drools Pet Food Pvt Ltd, supported by L Catterton, is estimated to have exceeded $100 million in revenue for FY25. Despite achieving substantial sales growth and maintaining double-digit revenue growth, the company's profitability is likely under pressure due to rising input costs, ongoing capacity expansion, and debt obligations. The Chhattisgarh-based pet food manufacturer faces challenges in balancing revenue growth with maintaining healthy profit margins.
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Bottomline: KKR-controlled LEAP India doubles revenue growth in FY24, improves margins
VCCircle
·
10m ago
Medial
- LEAP India, majority owned by KKR, reported a significant revenue growth of 44.5% in the financial year ending March 2024. - The company is a storage and supply chain services provider, specializing in B2B solutions. - LEAP India also managed to improve its operating profit and operating margin during this period. - Sunu Mathew, founder and managing director of LEAP India, played a crucial role in driving the company's success. - The positive growth and improved margins showcase the company's ability to effectively meet the demands of its clients and optimize its operations.
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Curefoods’ FY24 Loss Halves To INR 173 Cr
Inc42
·
7m ago
Medial
Curefoods significantly reduced its FY24 losses by 49.64%, driven by substantial revenue growth and improved margins. The company's operating revenue surged by 53.17% to INR 585.1 crore, up from INR 382 crore the previous fiscal year. Additionally, the EBITDA loss decreased to INR 82.8 crore compared to INR 275.7 crore in FY23, while the EBITDA margin improved from -72% to -14%, reflecting better financial performance and operational efficiency.
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Zoomcar Q3: Revenue Slips 19% YoY; Bottomline Improves
Inc42
·
1y ago
Medial
Nasdaq-listed self-driving car marketplace, Zoomcar, reported a 19% decline in net revenue for Q3 2023, reaching $2.4 million, compared to $3 million in the same period last year. The decrease in revenue was attributed to lower bookings, as the company focused on higher-margin bookings to reduce costs. Despite the decrease in revenue, Zoomcar saw an improvement in gross profit, from a loss of $0.3 million in Q3 2022 to a profit of $0.3 million in the current quarter. The company aims to achieve significant growth and improved profitability in the coming years.
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Bottomline: PE-backed Attero Recycling’s revenue, margins get a policy boost
VCCircle
·
5m ago
Medial
Attero Recycling Pvt. Ltd, backed by private equity, is poised for a significant increase in revenue and profit margins due to favorable changes in government regulations regarding electronic waste management. Based in Noida, Uttar Pradesh, Attero is one of India's largest firms in e-waste and lithium-ion battery recycling, and these regulatory adjustments are expected to bolster its financial performance in the current fiscal year.
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The two faces of India Inc.'s Q3 growth story
Livemint
·
1y ago
Medial
Corporate India experienced divergent paths for revenue and profit growth in the December quarter. While revenues grew at their fastest rate in three quarters, profit growth slowed down. Struggling rural demand has subdued revenue growth compared to the previous year, while reduced input costs have contributed to double-digit profit growth. The banking and financial sector, which had been driving profit growth, was no longer the primary driver in the last quarter. Small businesses' profit growth lagged behind larger firms, and sectors such as banking and hospitality showed some slowdown in net profit growth. However, expenses and input prices have tapered down, leading to higher profit margins. Margins may face volatility in the coming months due to rising freight costs and the Red Sea crisis. Increased consumption demand in urban areas during the election season is expected to provide some relief to companies.
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Bottomline: PE-backed Integrace’s margins shrink, revenue growth marginally better
VCCircle
·
8m ago
Medial
Integrace, a drugmaker backed by private equity firm True North and Singapore state investment firm Temasek, saw a slight improvement in revenue growth for the fiscal year ending March 2024. However, the company's margins continued to shrink. Integrace focuses on musculoskeletal disorders, pain management, and women's health products. Headquartered in Mumbai, the company's performance highlights the ongoing challenges it faces in maintaining profitability.
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Bottomline: PE-controlled Perfios Software’s profit, revenue surge again in FY24
VCCircle
·
6m ago
Medial
Perfios Software Solutions, majority-owned by private equity and venture capital firms, achieved significant profit and revenue growth for the second consecutive year in FY24. The Bengaluru-based SaaS company's consolidated revenue from operations increased by 37% to ₹557.8 crore.
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Bottomline: NIIF-controlled Ayana loses momentum as revenue growth slows, profit slumps
VCCircle
·
10m ago
Medial
Ayana Renewable Power, owned 51% by NIIF, reported a decline in net profit and slower revenue growth for the fiscal year 2023-24. The green energy company recorded disappointing financial performance during the period.
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