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CarTrade's profits surge on low base, revenue grows marginally by 5%

Money Control

Money Control · 2y ago

CarTrade's profits surge on low base, revenue grows marginally by 5%

CarTrade's profits surge due to a low base effect, while revenue sees a marginal 5% growth. The company's financial results show an increase in profitability driven by the comparison with a previous low base. However, the modest revenue growth indicates challenges in achieving substantial expansion. The surge in profit came even as CarTrade’s revenues increased marginally by about 5 percent to Rs 86.1 crore in the June quarter, up from Rs 82.7 crore in the same period last year.

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Kazakh fintech giant Kaspi.kz makes US IPO filing public

Reuters · 2y ago

Kazakh fintech giant Kaspi.kz makes US IPO filing public

Kazakhstan-based fintech company Kaspi.kz has revealed a surge in profits and revenue, as it moves closer to a US listing by making its IPO paperwork public. The firm, valued at almost $19 billion on the London Stock Exchange, is set to join other highly valued companies planning US listings in 2024. Kaspi.kz hopes that a US listing will attract a larger and more diverse investor base. In its most recent quarter, the company reported a 40% increase in net income and a 51% rise in revenue. Morgan Stanley, J.P. Morgan, and Citigroup are the lead underwriters for its IPO.

Tracxn posts INR 2.2 Cr in PAT in Q3; Operating revenue grows 4.4% YoY

Inc42 · 2y ago

Tracxn posts INR 2.2 Cr in PAT in Q3; Operating revenue grows 4.4% YoY

Market intelligence platform Tracxn Technologies reported a 64% decline in profit after tax (PAT) for the December quarter of FY24, compared to the same period last year. However, excluding exceptional gains, Tracxn's PAT increased by 55% year-on-year. The company's operating revenue grew by 4.4% YoY. Tracxn aims to improve customer acquisition and expansion as the market opens up further. It is also focusing on paid customer engagement and account expansion. Tracxn's total expenses decreased marginally, and it plans to set up separate teams for customer expansion and engagement initiatives.

Classplus’ revenue grows 3.3X to Rs 149 Cr in FY23

Entrackr

Entrackr · 2y ago

Classplus’ revenue grows 3.3X to Rs 149 Cr in FY23

Delhi-based B2B edtech startup Classplus raised $70 million in a Series C funding round, enabling it to achieve a four-fold growth in operations during the last fiscal year. Its total revenue grew by 3.3 times to Rs 149.2 crore in FY23, with operational revenue rising four times to Rs 102 crore. Classplus offers a mobile solution for educators to monetize their student base by selling online courses. The company focused on controlling overhead expenses, although overall expenditure increased by 16 times in FY22. Employee benefits accounted for 56.5% of the expenses.

Parle revenue grows 8.5 pc to Rs 15,568.49 cr in FY25; Britannia maintains lead in biscuit market

Economic Times

Economic Times · 13d ago

Parle revenue grows 8.5 pc to Rs 15,568.49 cr in FY25; Britannia maintains lead in biscuit market

Parle Products' operational revenue grew by 8.5% to Rs 15,568.49 crore in FY25, though profits dropped by 39% to Rs 979.53 crore. In contrast, Britannia Industries maintained its lead in India's biscuit market, recording Rs 17,942.67 crore in consolidated revenue. While Parle targets the mass and rural markets, Britannia focuses on localized approaches to retain market domination. Besides these giants, regional biscuit firms like Anmol and Surya Foods are expanding their influence.

FY24: Cashfree Payments grows marginally in year of RBI ban

The Arc Web

The Arc Web · 1y ago

FY24: Cashfree Payments grows marginally in year of RBI ban

Indian payment aggregator Cashfree reported operating revenue of ₹642.7 crore in fiscal year 2024, a growth of only 4.7% from the previous year. Its primary business is payment gateways, competing with companies like Razorpay and Paytm. More than 75% of its revenue comes from payment gateways and payouts, while its products contribute 15%. The company was impacted by the RBI ban on payment aggregators in 2022-2023, but saw a 50% increase in merchant onboarding in 2024. Cashfree has a base of 600,000 businesses and processes $80 billion in annual payment volume.

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

Entrackr

Entrackr · 5m ago

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

### 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).

Eternal posts Rs 16,315 Cr revenue in Q3 FY26; profit grows 54%

Entrackr

Entrackr · 10d ago

Eternal posts Rs 16,315 Cr revenue in Q3 FY26; profit grows 54%

Eternal posts Rs 16,315 Cr revenue in Q3 FY26; profit grows 54% Gurugram-based foodtech and quick commerce platform Eternal (formerly Zomato) released its financial results for Q3 FY26 on Wednesday. The company reported a 54% increase in profits during the period. Eternal’s revenue from operations grew 3x to Rs 16,315 crore in Q3 FY26, contrasting Rs 5,405 crore in Q3 FY25, according to the firm’s consolidated financial results sourced from the National Stock Exchange (NSE). The major surge in revenue is attributed to its inventory-led approach in the quick commerce business. On a quarter-on-quarter basis, the company’s revenue rose by 20% from Rs 13,590 crore in Q2 FY26. Eternal operates several business units, including a food marketplace, Hyperpure, and a quick commerce platform, BlinkIt. Income from Eternal’s food delivery business (Zomato) contributed 16% of the total revenue in Q3 FY26, growing 29% to Rs 2,676 crore from Rs 2,072 crore in Q3 FY25. Revenue from the quick commerce segment (BlinkIt) saw significant growth, rising 75% to Rs 12,256 crore in Q3 FY26 from Rs 1,399 crore in Q3 FY25. Its B2B business, Hyperpure, saw a growth of 7% to Rs 1,070 crore during the third quarter of FY26. Earnings from the 'Going-out' segment and other non-operating income brought the Eternal Group’s total revenue to Rs 16,663 crore in Q3 FY26. For the nine-month period, the company reported revenue of Rs 38,126 crore and is on track to cross the Rs 50,000 crore revenue milestone for the full fiscal year FY26. The cost of material accounted for 59% of the total expense, and this cost grew by 6.5X to Rs 9,801 crore in Q3 FY26 from Rs 1,500 crore in Q3 FY25. Delivery and related charges increased by 64% to Rs 2,376 crore in Q3 FY26. Employee benefit cost rose 33% to Rs 914 crore, while spending on advertising and marketing almost doubled to Rs 937 crore in Q3 FY26. Overall, the company’s expenditure increased nearly 3X to Rs 16,493 crore in Q3 FY26 from Rs 5,533 crore in Q3 FY25. With the company's revenue growth outpacing expense, its profit increased by 54% to Rs 102 crore in Q3 FY26 from Rs 59 crore in Q3 FY25. On a per-unit basis, the Gurugram-based company spent Rs 1.01 to earn every rupee of revenue during the quarter ending December 2025. The company also informed the stock exchanges that founder Deepinder Goyal will step away from his role as Group CEO and will continue on the board as Vice Chairman. At the end of today’s trading session, Eternal’s share price stood at Rs 283, giving the foodtech platform a market capitalization of Rs 3,32,985 crore (approximately $30 billion).

Vodafone Idea narrowed its net loss to Rs 6,608 crore in the June quarter

Economic Times

Economic Times · 5m ago

Vodafone Idea narrowed its net loss to Rs 6,608 crore in the June quarter

Vodafone Idea reduced its net loss to Rs 6,608 crore in the June quarter, aided by increased revenue from 4G and 5G users and reduced finance costs. The company significantly curbed subscriber losses and expanded its 4G/5G subscriber base marginally. It launched 5G services in 22 cities and plans wider coverage. Despite these efforts, Vodafone Idea remains financially constrained, seeking funding to manage its liabilities and expand its network amidst competitive challenges.

Power demand heats up in August despite monsoon chills

Economic Times

Economic Times · 5m ago

Power demand heats up in August despite monsoon chills

In August, India's power demand rose by 4.3% year-on-year to 150.5 billion units despite reduced cooling needs due to monsoon rains. The surge is linked to a low base from the previous year. Peak power demand hit 229.7 GW compared to 217 GW last year, with notable increases in the western and eastern regions. Coal stock at power plants declined seasonally by 4 million tonnes. Trading volumes in the Indian Energy Exchange also saw significant growth.

DealShare FY23 losses widen 14% to Rs 502.7 crore

YourStory

YourStory · 2y ago

DealShare FY23 losses widen 14% to Rs 502.7 crore

Social commerce platform DealShare's FY23 losses widened 14% to Rs 502.7 crore, up from Rs 440.7 crore incurred in the previous year. Total expenses increased marginally to Rs 2,557.6 crore from Rs 2,340.3 crore. The Bengaluru-based firm posted a 5% increase in revenue from operations to Rs 1,963.5 in FY23 from the year-ago period.

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