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Breaking down BlinkIt’s growth by its numbers in Q1 FY25

EntrackrEntrackr · 1y ago
Breaking down BlinkIt’s growth by its numbers in Q1 FY25
Medial

Blinkit has displayed outstanding growth since getting acquired by Zomato in 2022, a deal that many considered a distressed one, for $569 million. Not only the quick commerce firm has seen growth in topline but also turned profitable*. Many experts are apprehensive about the quick commerce model as they believe economics won’t work out in the ten-minute delivery. Blinkit, however, appears to have proven this notion wrong through its latest numbers. Blinkit saw an exceptional 2.4X year-on-year growth in revenue to Rs 942 crore in June 2024 from Rs 384 crore in June 2023, its financial statements filed by the Zomato Group with the NSE show. The consistent growth in scale and effective cost-cutting measures enabled Blinkit to turn around its bottom line —shifting from a loss of Rs 105 crore in Q1 FY23 to a profit of Rs 43 crore in the last quarter. Importantly, Blinkit’s profit zoomed 23X QoQ to Rs 43 crore in Q1 FY25 from Rs 2 crore Q4 FY24. The quick commerce biz along with Hyperpure spiked the Zomato group’s profit by 44.6% to Rs 253 crore in Q1 FY25 *Caveat: Blinkit’s profit figures do not include other income and non-cash elements including ESOPs, depreciation and finance costs. As per Zomato, BlinkIt’s adjusted EBITDA stood at negative Rs 3 crore in the last quarter of the ongoing fiscal year (Q1 FY25). Blinkit’s gross order value (GOV) surged 2.3X to Rs 4,923 crore in Q1 FY25 from Rs 2,140 in Q1 FY FY24 while its numbers of order grew in a similar pattern to 78.8 million during the same period. The Q1 numbers drive home the point that you underestimate, or even write off Zomato at your own peril. Besides an almost Teflon-like ability to shrug off controversies, the firm has built a bit of a reputation for its unconventional approach to business, including its marketing, with the numbers to justify it. Even now, many people have rushed to say Blinkit will be the horse pulling the group wagon soon, but we wouldn’t go as far as that. Besides the almost duopoly we have in the market today nationally between Zomato and Swiggy, Zomato’s other diversifications might yet surprise too. Be it Dine Out or Live events, none have come with quite the barrage of negativism that had greeted Blinkit, and yet, we know the story only too well. Zomato’s high valuation certainly has enough behind it for now.

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Info Edge posts Rs 791 Cr revenue in Q1 FY26; profit surges 32%

EntrackrEntrackr · 20d ago
Info Edge posts Rs 791 Cr revenue in Q1 FY26; profit surges 32%
Medial

Info Edge, the parent company of Naukri and 99acres, reported a 17% growth in operating revenue in the first quarter of the ongoing fiscal year (Q1 FY26), while its profit increased by 32%. The Noida-based company’s operating revenue rose to Rs 791 crore in Q1 FY26 from Rs 677 crore in Q1 FY25, according to documents sourced from the National Stock Exchange (NSE). On a quarter-on-quarter basis, Info Edge’s operating revenue rose 5.5% to Rs 791 crore in Q1 FY26 from Rs 750 crore in Q4 FY25. Info Edge derives the majority of its revenue from Naukri.com, which contributed Rs 562 crore in the quarter ending June 2025, a 15% year-on-year growth compared to Q1 FY25. Meanwhile, revenue from 99acres reached Rs 111 crore, while Jeevansathi and Shiksha contributed Rs 34 crore and Rs 50 crore, respectively, during the same quarter. The company added another Rs 213 crore from interest on deposits and investment which pushed its overall revenue to Rs 1,004 crore in Q1 FY26. On the expense side, Info Edge spent 58% of its overall expenditure on employee benefits, which increased 12% year-on-year to Rs 327 crore in Q1 FY26. Its advertising and internet costs stood at Rs 127 crore and Rs 22 crore, respectively. The company’s overall cost grew 16% YoY to Rs 564 crore in Q1 FY26 from Rs 485 crore in Q1 FY25. Info Edge’s profit grew by 32% to Rs 343 crore in Q1 FY26, compared to Rs 259 crore in Q1 FY25. Its EBITDA stood at Rs 468 crore in the same period. As of 2:22 PM (Friday, August 8), Info Edge is trading at Rs 1,333.5, down 2% from today’s opening price. The firm’s market capitalization stands at Rs 86,277 crore ($9.8 billion).

Swiggy posts Rs 4,961 Cr revenue in Q1 FY26, losses soar 96%

EntrackrEntrackr · 28d ago
Swiggy posts Rs 4,961 Cr revenue in Q1 FY26, losses soar 96%
Medial

Swiggy posts Rs 4,961 Cr revenue in Q1 FY26, losses soar 96% Foodtech and quick commerce major Swiggy has reported a 54% year-on-year growth in its operating revenue which spiked to Rs 4,961 crore during Q1 FY26 as compared to Rs 3,222 crore Q1 FY25. However, the Bengaluru-based company’s losses almost doubled in the same period. Scootsy Logistics contributed a major 46% of Swiggy’s overall operating collection. Income from this entity increased by 78% YoY to Rs 2,259 crore in Q1 FY26 from Rs 1,268 crore in Q1 FY25. Swiggy’s food delivery business continues to be one of the major contributors, accounting for 36% of the total collection in Q1 FY26. Revenues from this vertical grew 19% to Rs 1,800 crore from Rs 1,518 crore in Q1 FY25. The company’s quick commerce segment also saw remarkable growth, with revenue surging by 2X to Rs 806 crore in Q1 FY26 from Rs 374 crore in Q1 FY25. The segment's gross order value (GOV) growth was driven by an increase in order frequency and the addition of new dark stores. Swiggy’s Dine Out, Genie, Swiggy Mini and other non-operating income took its total revenue to Rs 5,048 crore in Q1 FY26. On the cost side, the procurement of FMCG products for supply chain distribution formed 33% of its overall cost which increased by 72% to Rs 2,064 crore in Q1 FY26. Meanwhile, the delivery charges saw 26% growth to Rs 1,313 crore in Q1 FY26. Swiggy spent Rs 686 crore and Rs 1,036 crore on employee benefits and advertising, respectively. Overall, Swiggy’s total expenses for the quarter increased 60% to Rs 6,244 crore from Rs 3,908 crore in Q1 FY25. The 60% growth in expenditure led losses to increase by 96% to Rs 1,197 crore in Q1 FY26 from Rs 611 crore in Q1 FY25. Recently Swiggy reshuffled its board as Sumer Juneja from SoftBank and Anand Daniel from Accel resigned from their roles as nominee directors on Swiggy’s board. Following these departures, Swiggy appointed Faraz Khalid, CEO of Middle East commerce platform noon, as an independent director. Swiggy shares were trading at Rs 404 at the end of Thursday with a total market capitalization of Rs 1,00,730 crore.

Infibeam Avenue reports 43% growth in PAT in Q1 FY25

EntrackrEntrackr · 1y ago
Infibeam Avenue reports 43% growth in PAT in Q1 FY25
Medial

Fintech firm Infibeam Avenues on Friday released its financial results for the first quarter of the ongoing fiscal year (Q1 FY25). The company witnessed a 3.6% increase in gross revenue whereas its profit spiked 43% growth during the quarter ending June 2025. Infibeam Avenues’s gross revenue grew to Rs 753 crore in Q1 FY25 from Rs 727 crore in Q4 FY24, according to the company’s unaudited consolidated quarterly report filed with the National Stock Exchange. The payment business formed 93.6% of the total revenue which stood at Rs 705 crore in Q1 FY25 while the income from providing customized e-commerce solutions brought Rs 39.3 crore to its coffers. Infibeam claims to have over 10 million merchants, with an average daily addition of more than 2,550 merchants in Q1 FY25. At the end, its other operating and financial income pushed Infibeam Avenues’ overall revenue to Rs 781 crore in Q1 FY25 from Rs 743 crore in Q4 FY24. On the cost front, the operating expenses (including payment processing cost) formed 90% of the overall expenditure. This cost remained flat at Rs 634 crore in Q1 FY25. The firm’s spending on employee benefits, legal, and other overheads took its overall cost up by 3.5% to Rs 703 crore in Q1 FY25 from Rs 679 crore in Q4 FY24. The increase in other income and consistent growth in scale helped Infibeam to register a 42.9% spike in its profits to Rs 70 crore in Q1 FY25 from Rs 49 crore in Q4 FY24. On a unit level, The Ahmedabad-based company spent Rs 0.93 to earn rupee in Q1 FY25. The company also acquired a majority stake (54%) in Rediff.com. The acquired company will become a subsidiary of Infibeam Avenue. “With this synergy, we are poised to unlock new dimensions of growth, redefining the essence of cloud and fintech engagement,” said Vishal Mehta, Chairman and MD of Infibeam Avenues. Infibeam Avenue is currently trading at Rs 32.42 (as of 03.00 PM) and its total market capitalization stood at Rs 9,019 crore or $1.1 billion.

Ideaforge’s profits dwindle 89% in Q1 FY25

EntrackrEntrackr · 1y ago
Ideaforge’s profits dwindle 89% in Q1 FY25
Medial

Drone manufacturer Ideaforge’s revenue from operations declined by 15.7% to Rs 86 crore in Q1 FY25 from Rs 102 crore in Q4 FY24. However, the company remained profitable in the first quarter of the ongoing fiscal year, according to its quarterly result published on NSE. The Mumbai-based company demonstrated strong financial standing during the previous fiscal year ending March 2024, marking a 68.8% year-on-year growth to Rs 314 crore with its profits increasing 41.3% to Rs 45.2 crore during the fiscal year ending March 2024. However, the firm was unable to replicate FY24’s growth run in Q1 FY25 due to a decline in drone sales, which also eroded its profits. The sale of unnamed aerial vehicles (UAVs) was the sole source of Ideaforge’s operating revenue in the last quarter. The company also made Rs 6 crore from the financial assets tallying its overall revenue to Rs 92 crore in Q1 FY25 from Rs 108 crore in Q4 FY24. For Ideaforge, the cost of materials for making drones accounted for 64% of the overall expenditure. As production scaled down, this cost decreased by 2.4%, dropping to Rs 57.6 crore in Q1 FY25. The firm’s spending on employee benefits, finance cost, legal, professional advertising, and other overheads took its overall cost to Rs 91 crore in Q1 FY25 from Rs 93 crore in Q4 FY25. With a 15.7% decline in quarter-on-quarter growth, Ideaforge’s profits dropped by 89.3% to Rs 1.1 crore in Q1 FY25. Ideforge’s IPO was valued at Rs 567 crore, comprising a fresh issue of Rs 240 crore, with the remainder offered for sale. The company debuted on the stock exchange on July 23 with a share price of Rs 1,300, marking a significant 93% gain compared to its price band of Rs 638-672 per share at the time of listing. Ideaforge’s share price is currently trading at Rs 761.95 (as of 12.42 PM). The company also hit its 52 weeks low share price at Rs 618 on 04 June this year. According to Fintrackr’s estimates, its current total market capitalization stood at Rs 3,275 crore or $395 million.

PB Fintech reports 7.5% dip in Q1 FY25 revenue; maintains profit

EntrackrEntrackr · 1y ago
PB Fintech reports 7.5% dip in Q1 FY25 revenue; maintains profit
Medial

Policybazaar and Paisabazaar’s parent, PB Fintech, reported a 7.3% decline in its revenue during the first quarter of the ongoing fiscal (FY25) year. The firm, however, managed to keep its grip on the profit numbers in the same period as compared to the previous quarter (Q4 FY24). PB Fintech’s revenue slipped to Rs 1,010 crore in Q1 FY25 as compared to Rs 1,090 crore during the quarter ended March 2024, as per the company’s disclosure with the National Stock Exchange (NSE). Insurance broking formed 83.6% of the collections which decreased 7.5% to Rs 845 crore during Q1 FY25. The income from other operating activities, which include marketing, advertising, consulting, and support services, plunged 5.7% to Rs 165 crore in the same period. The firm earned Rs 100 crore from non-operating activities including financial income, tallying its overall revenue to Rs 1,111 crore in Q1 FY24. For PB Fintech, employee benefits cost remained the largest cost center forming 42% of the overall expenditure. This cost saw a mere increase of 3.4% QoQ to Rs 455 crore in the past quarter (Q1 FY25). The company’s spending on finance, advertising-promotion, network, internet, and other overheads pushed its total expenditure to Rs 1,081 crore in Q1 FY25 from Rs 1,114 crore in Q4 FY24. Despite the decline in scale, PB Fintech has managed to maintain steady profits, which stood at Rs 60 crore in Q1 FY25. On a unit level, the Gurugram-based firm spent Rs 1.07 to earn a rupee in Q1 FY25. PB Fintech ended the day (August 6) with a share price of Rs 1,425 and its total market capitalization was Rs 64,984 crore, or $7.2 billion.

MamaEarth-parent Honasa posts Rs 595 Cr revenue in Q1 FY26; PAT grows 2.7%

EntrackrEntrackr · 16d ago
MamaEarth-parent Honasa posts Rs 595 Cr revenue in Q1 FY26; PAT grows 2.7%
Medial

### MamaEarth-parent Honasa Posts Rs 595 Cr Revenue in Q1 FY26; PAT Grows 2.7% MamaEarth’s revenue from operations increased by 7.4% YoY to Rs 595 crore in Q1 FY26 from Rs 554 crore in Q1 FY25, its financial statements accessed from the National Stock Exchange (NSE) show. Honasa Consumer Limited, the parent company of personal care brand Mamaearth, has announced its financial results for the first quarter of the ongoing fiscal year (Q1 FY26). The Gurugram-based company reported a 7% growth in scale, while its year-on-year (YoY) profits increased by 2.7% during the same period. MamaEarth’s operating revenue increased 12% to Rs 595 crore in Q1 FY26 from Rs 533 crore in Q4 FY25. The company added Rs 24 crore from non-operating activities which tallied its overall revenue to Rs 619 crore in Q1 FY26. For the D2C brand, the cost of procurement of products accounted for 30% of the overall expenditure. This cost increased by 9% to Rs 171 crore in Q1 FY26 from Rs 157 crore in Q1 FY25. The company’s spending on employee benefits, marketing, legal, rent, and other overheads drove an 8% year-on-year rise in total expenditure to Rs 563 crore in Q1 FY26 from Rs 520 crore in Q1 FY25. The company reported a profit after tax of Rs 41.3 crore in Q1 FY26, 5% up from Rs 40.2 crore in Q1 FY25. On a unit basis, the company spent Re 0.95 to earn a Rupee of operating revenue with EBITDA of Rs 55 in Q1 FY26. MamaEarth parent’s shares were trading at Rs 271 with a total marketing capitalization of Rs 8,812 crore ($1 billion).

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

EntrackrEntrackr · 1m 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).

EaseMyTrip profit falls 98% in Q1 FY26; spends Rs 370 Cr on 3 acquisitions

EntrackrEntrackr · 14d ago
EaseMyTrip profit falls 98% in Q1 FY26; spends Rs 370 Cr on 3 acquisitions
Medial

EaseMyTrip profit falls 98% in Q1 FY26; spends Rs 370 Cr on 3 acquisitions Online travel aggregator (OTA) platform EaseMyTrip has reported dismal performance during the last quarter, with revenue declining over 25% and profit plunging 98% to Rs 44 lakh. EaseMyTrip’s operating revenue decreased by 25.5% to Rs 114 crore in Q1 FY26 from Rs 25.5 crore in Q1 FY25, as per its financial statements filed with the National Stock Exchange (NSE). Air ticketing contributed 50% of the company’s revenue but fell 47% to Rs 57 crore in Q1 FY26, down from Rs 107 crore in Q1 FY25. Hotel packages accounted for 28.5% of total revenue, generating Rs 32.5 crore. Including other undisclosed income, its total income for Q1 FY26 stood at Rs 120 crore, compared to Rs 156 crore in Q1 FY25. On a quarter-on-quarter basis, EaseMyTrip’s operating revenue fell 18% to Rs 114 crore in Q1 FY26 from Rs 139 crore in Q4 FY25. In line with its scale, total expenses rose 8% to Rs 118 crore in Q1 FY26 from Rs 109 crore in Q1 FY25. Service costs accounted for 15% of the total, falling 5% to Rs 18 crore in Q1 FY26. Payment gateway charges, employee benefits, and advertising were other major costs for EaseMyTrip in the last quarter. EaseMyTrip’s profit after tax (PAT) fell 98.7% to Rs 44 lakh in Q1 FY26 as compared to Rs 34 crore in Q1 FY25. On a unit basis, the Delhi-based company spent Rs 1.04 to earn a rupee of operating revenue with EBITDA of Rs 6.2 crore during the last quarter. In its board meeting, the company also approved an investment of Rs 175 crore in Three Falcons Notting Hill Limited for a 50% stake, the acquisition of 100% stake in AB Finance Private Limited for Rs 194.4 crore, and approved an investment in Vashu Bhagnani Industries Limited. EaseMyTrip closed Thursday's trading session at Rs 9.22, with a 4% increase in its share price. The company’s total market capitalization stood at Rs 3,353 crore (approx $383 million).

Aye Finance profit halves in Q1 FY26; revenue up 21%

EntrackrEntrackr · 14h ago
Aye Finance profit halves in Q1 FY26; revenue up 21%
Medial

Microlending platform Aye Finance has shown moderate growth in the first quarter of the ongoing fiscal year (Q1 FY26). The firm’s revenue grew by 21% over the period, while profit fell by 50%. Aye Finance's revenue from operations increased 21.5% to Rs 407 crore in Q1 FY26, compared to Rs 335 crore in Q1 FY25, its unaudited financial statements sourced from the company’s website show. On a quarter-on-quarter basis, Aye Finance’s operating revenue remained flat at Rs 407 crore in Q1 FY26 as compared to Rs 409 crore in Q4 FY25. Aye Finance generated the majority of its revenue from interest income which accounted for 89% of income. This revenue source increased 16% to Rs 361 crore in Q1 FY26. The rest of the revenue came from gains on fair value and commissions. The company also made Rs 9 crore from non-operating sources which took Aye Finance’s total revenue to Rs 416 crore in the first quarter. On the expense front, finance cost remained the largest cost center for Aye Finance, accounting for 33% of its total expenditure. This expense increased by 17% year-on-year, rising to Rs 126 crore in Q1 FY26 from Rs 108 crore in Q1 FY25. Employee benefit rose 40% to Rs 115 crore in Q1 FY26 from Rs 82 crore in Q1 FY25. Overall, Aye Finance's total costs grew 39% to Rs 375 crore in Q1 FY26 from Rs 269 crore in Q1 FY25. Due to expense outpacing revenue growth, profit decreased 50% to Rs 30.5 crore in Q1 FY26 from Rs 61 crore in Q1 FY25. The company reported a positive EBITDA of Rs 172 crore. Aye Finance received final approval from the market regulator for its public listing, following the submission of its Draft Red Herring Prospectus (DRHP) in December. The forthcoming IPO will include a fresh issue of equity shares totaling Rs 885 crore, alongside an offer-for-sale (OFS) of Rs 565 crore. Investors such as LGT Capital, CapitalG LP, A91 Emerging Fund I LLP, and Alpha Wave Ventures are expected to participate in the OFS.

Yatra profits plunges 27% in Q1 FY25; revenue continues to fall

EntrackrEntrackr · 1y ago
Yatra profits plunges 27% in Q1 FY25; revenue continues to fall
Medial

Online travel aggregator Yatra has continued to lose scale as well as profits quarter on quarter. The Gurugram-based firm’s revenue declined 6.4% during the first quarter of FY25. At the same time, its profits plunged 27.5%. Yatra’s revenue from operations decreased to Rs 100.8 crore in Q1 FY25 from Rs 107.67 crore in Q4 FY24, its consolidated unaudited financials sourced from National Stock Exchange (NSE) shows. Yatra recorded Rs 422.3 crore of revenue in the fiscal year ending March 2024 with the profits of Rs 4.4 crore. Income from air ticketing was the largest source of revenue followed by hotel, packages and other services. It also made Rs 8 crore from financial sources tallying the firm’s overall income to Rs 109 crore in Q1 FY25. The travel aggregator firm spent 32% of the overall expenditure on employee benefits followed by service and payment gateway costs. Its spending on marketing, legal, information technology, and other costs pushed its overall expense to Rs 104.75 crore in Q1 FY25 against Q4 FY24. The continued depletion of scale cannibalized Yatra’s profit by 27.47%, bringing it down to Rs 4.04 crore in Q1 FY25 against Rs 5.57 crore in Q4 FY24. On a unit level, the firm spent Rs 1.04 to earn a rupee in Q1 FY25. Yatra is currently trading at Rs 132.5 with a 4.9% decline in its share price (as of 12.58 PM today). As per Fintrackr’s estimates, its total market capitalization stood at Rs 2,079 crore (approximately $250 million).

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