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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 · 1y 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 · 1y 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 · 1y 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.

FY24: Cashfree Payments grows marginally in year of RBI ban

The Arc Web

The Arc Web · 9m 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 · 19d 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).

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

Economic Times

Economic Times · 16d 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.

DealShare FY23 losses widen 14% to Rs 502.7 crore

YourStory

YourStory · 1y 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.

Decoding Astrotalk’s fortunes: How the astrology startup hit 4X profit growth

Inc42 · 1y ago

Astrotalk, an astrology marketplace, has achieved profitability in FY20 with scalable growth. The company reported revenue of INR 282 Cr and a profit of INR 27 Cr in FY23, showcasing a 2X-plus growth and nearly 4X surge in profits. Astrotalk aims to reach INR 600 Cr in revenue by FY24 and has plans for international expansion, aspiring to become the 'Uber' for astrology. The startup follows a curated marketplace model, focusing on quality service providers, and charges a commission for each transaction.

Meesho FY23 revenue grows 77% to Rs 5,735 crore, loss narrows 48%

Economic Times

Economic Times · 1y ago

Meesho FY23 revenue grows 77% to Rs 5,735 crore, loss narrows 48%

Meesho, an Indian social commerce platform, has reported a 77% growth in revenue to Rs 5,735 crore in FY23. Additionally, the company has managed to narrow its losses by 48%. Meesho serves as a platform connecting sellers with customers through social media platforms like WhatsApp, Facebook, and Instagram. The startup has been attracting significant investor interest and aims to continue scaling its operations and expanding its user base.

OTT platform Ullu nears Rs 100 Cr revenue in FY23; profits up 4X

Entrackr

Entrackr · 1y ago

OTT platform Ullu nears Rs 100 Cr revenue in FY23; profits up 4X

Ullu, an Indian over-the-top (OTT) platform, has reported significant growth in revenue and profits in FY23. The platform's revenue from operations doubled to Rs 93.1 crore ($12.6 million) compared to the previous fiscal year, while profits increased almost four-fold. Ullu, which primarily generates revenue from subscription sales, saw a surge in the cost of production and advertising/promotional expenses. However, the company's efficient cost management allowed for substantial profit growth, with an improved ROCE and EBITDA margin. The platform, known for its explicit content, faces the challenge of sustaining success beyond its niche market.

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