🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Docon offloads 10% stake in Thyrocare for Rs 668 Cr

EntrackrEntrackr · 1m ago
Docon offloads 10% stake in Thyrocare for Rs 668 Cr
Medial

Docon Technologies Pvt Ltd, a promoter entity of Thyrocare Technologies, has sold 53.33 lakh equity shares representing around 10% of the company’s total paid-up capital through open market transactions on October 24, 2025. The sale was valued at Rs 667.7 crore at an average price of Rs 1,252 per share, according to a stock exchange filing. Following the transaction, Docon’s shareholding in Thyrocare has come down from 71% to 61% and continues to remain a promoter of the diagnostics chain with 3.2 crore shares. The block sale saw strong participation from domestic mutual funds. Among the key buyers were ICICI Prudential Mutual Fund, which purchased 17.49 lakh shares worth Rs 218.9 crore, and Aditya Birla Sun Life Mutual Fund, which picked up 10.33 lakh shares for Rs 129.3 crore. Other prominent investors included HSBC Mutual Fund Midcap Fund (6.66 lakh shares for Rs 83.4 crore), HDFC Mutual Fund (4.44 lakh shares for Rs 55.5 crore), and Eastspring Investments India Consumer Equity Open Limited (3.19 lakh shares for Rs 40 crore). The stake sale comes on the back of leadership transition within the PharmEasy-Thyrocare group. In August 2025, PharmEasy’s co-founder and CEO Siddharth Shah stepped down from his executive role to become the company’s Vice Chairman, while Thyrocare’s chief Rahul Guha was elevated as the new MD and CEO of API Holdings, the parent entity of PharmEasy and Thyrocare. Guha continues to lead Thyrocare alongside his expanded responsibilities at API. Thyrocare recently announced its financial numbers for the second quarter of the ongoing fiscal year FY26, posting a strong performance in the quarter. The company’s revenue from operations grew 22% year-on-year (YoY) to Rs 216.5 crore in Q2 FY26 from Rs 177.36 crore in Q2 FY25. Thyrocare’s profit jumped 81% YoY to Rs 47.9 crore in Q2 FY26, compared to Rs 26.4 crore in the corresponding quarter last year. For the first half of FY26, the company recorded a net profit that grew 71% to Rs 86.1 crore from Rs 50.4 crore in H1 FY25.

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

EntrackrEntrackr · 3m 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).

Blackbuck records Rs 29 Cr profit on Rs 151 Cr revenue in Q2 FY26

EntrackrEntrackr · 19d ago
Blackbuck records Rs 29 Cr profit on Rs 151 Cr revenue in Q2 FY26
Medial

Blackbuck records Rs 29 Cr profit on Rs 151 Cr revenue in Q2 FY26 Blackbuck has released its financial report for the second quarter of the ongoing financial year ending September 2025. The Bengaluru-based company reported a 52.5% year-on-year growth in scale in Q2 FY26 and posted a profit of Rs 29 crore in the quarter. Blackbuck's revenue from operations grew to Rs 151 crore in Q2 FY26 from Rs 99 crore in Q2 FY25, its financial statements sourced from the National Stock Exchange (NSE) show. On a quarter-on-quarter basis, Blackbuck’s operating revenue increased 5.6% from Rs 143 crore in Q1 FY26. The company’s gross transaction value (GTV) stood at Rs 6778.3 crore in the same quarter. On a half-yearly basis, the company’s revenue increased by 54.5% to Rs 295 crore in H1 FY26 as compared to Rs 191 crore in H1 FY25. Revenue from its truck operator services was the primary source of revenue, accounting for 98% of total operating revenue. The company also made Rs 17 crore from interest income which took its overall revenue to Rs 168 crore in Q2 FY26, compared to Rs 104 crore in Q2 FY25. Looking at the expenses, the employee benefit cost accounted for 33% of the overall expenditure which increased by 6% year-on-year to Rs 42 crore in Q2 FY26 from Rs 39.5 crore in Q2 FY25. Deprecation and other operating expenses were key overheads that drove total expenditure to Rs 128 crore in Q2 FY26, compared to Rs 92 crore in the same quarter last year. Blackbuck registered a profit of Rs 29 crore in Q2 FY26, as compared to a loss of Rs 269 crore in Q2 FY25. On a quarterly basis, the company’s profit fell 54% from Rs 63 crore in Q1 FY26. For the six months ending September 2025, the company posted a profit of Rs 63 crore. At the end of the last trading session, Blackbuck’s share price stood at Rs 666.5, giving the company a market capitalization of Rs 12,045 crore ($1.3 billion).

Paytm posts Rs 1,918 Cr revenue and Rs 123 Cr profit in Q1 FY26

EntrackrEntrackr · 4m ago
Paytm posts Rs 1,918 Cr revenue and Rs 123 Cr profit in Q1 FY26
Medial

Fintech firm Paytm announced its financial results for the first quarter of the ongoing fiscal year (Q1 FY26) on Tuesday. The Noida-based company reported a revenue of Rs 1,918 crore and a net profit of Rs 123 crore for the period. According to Paytm’s unaudited quarterly report filed with the National Stock Exchange, its revenue from operations increased by 28% year-on-year from Rs 1,501 crore in Q1 FY25 to Rs 1,918 crore in Q1 FY26. Paytm has not disclosed its revenue breakup. The company also added Rs 241 crore from other non-operating sources, bringing its overall revenue to Rs 2,159 crore in Q1 FY26. For the fintech firm, its employee benefits remained the largest cost center, accounting for 32% of the overall cost, which decreased by 33% to Rs 643 crore in Q1 FY26. Its payment processing charges increased by 12% to Rs 581 crore, and marketing expenses decreased by 55% to Rs 100 crore in Q1 FY26. Software, communication, legal, cashback, and other overheads took the total expenditure to Rs 2,016 crore in Q1 FY26 from Rs 2,476 crore in Q1 FY25. Paytm turned profitable and recorded a net profit of Rs 123 crore in Q1 FY26, in contrast to a loss of Rs 840 crore in Q1 FY25. As of July 22, Paytm’s share price rose 3.5% to Rs 1,053 with the total market capitalization standing at Rs 67,218 crore.

Info Edge posts Rs 805 Cr revenue, Rs 347 Cr profit in Q2 FY26

EntrackrEntrackr · 12d ago
Info Edge posts Rs 805 Cr revenue, Rs 347 Cr profit in Q2 FY26
Medial

Info Edge, the parent company of Naukri and 99acres, reported a 15% growth in its operating revenue in the second quarter of the ongoing fiscal year (Q2 FY26), while its profit increased by 4X. The Noida-based company’s operating revenue rose to Rs 805 crore in Q2 FY26 from Rs 701 crore in Q2 FY25, according to documents sourced from the National Stock Exchange (NSE). Info Edge derives the majority of its revenue from Naukri.com, which contributed Rs 582 crore in the quarter ending June 2025, a 13% year-on-year growth compared to Q2 FY25. Meanwhile, revenue from 99acres reached Rs 115 crore. The company added another Rs 162 crore from interest on deposits and investment which pushed its overall revenue to Rs 967 crore in Q2 FY26. On a half-yearly basis, Info Edge’s operating revenue rose 16% to Rs 1,596 crore in H1 FY26 from Rs 1,377 crore in H1 FY25. On the expense side, Info Edge spent 60% of its overall expenditure on employee benefits, which increased 11% year-on-year to Rs 340 crore in Q2 FY26. Its advertising and internet costs stood at Rs 108 crore and 22 crore, respectively. The company’s overall cost grew 14% YoY to Rs 563 crore in Q2 FY26 from Rs 492 crore in Q2 FY25. Info Edge’s profit spiked by 4X to Rs 347 crore in Q2 FY26 mainly due to Rs 320 crore deferred tax deducted in the same period last year which resulted in the profit to be Rs 85 crore in Q2 FY25. For the six months ended September 2025, the company’s profit doubled to Rs 690 crore in H1 FY26 from Rs 343 crore in H1 FY25. As of 1:54 PM today, Info Edge is trading at Rs 1,356, up 1% from today’s opening price. The firm’s market capitalization stands at Rs 88,366 crore ($9.9 billion).

Download the medial app to read full posts, comements and news.