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Delhivery slips into losses in Q2 FY26; revenue grows 17%

EntrackrEntrackr · 6h ago
Delhivery slips into losses in Q2 FY26; revenue grows 17%
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Fintrackr All Stories Delhivery slips into losses in Q2 FY26; revenue grows 17% Logistics company Delhivery announced its Q2 FY26 results on Wednesday, reporting a 17% year-on-year increase in revenue. The Gurugram-based firm slipped into losses during the same period. Delhivery’s revenue from operations grew to Rs 2,559 crore in Q2 FY26 from Rs 2,190 crore in Q2 FY25, according to its financial statements filed with the National Stock Exchange (NSE). Delhivery's primary revenue sources were its logistics services, including warehousing, last-mile logistics, and designing and deploying logistics management systems. The firm also earned Rs 92 crore from non-operating activities, bringing its total revenue to Rs 2,651 crore in Q2 FY26. For Delhivery, freight handling and servicing costs made up 68% of its total expenditure, rising by 12.5% to Rs 1,843 crore in Q2 FY26. Employee benefit expenses decreased by 22% to Rs 425 crore. Legal, depreciation, and other overhead costs contributed to an 18% increase in overall expenditure, which reached Rs 2,708 crore in Q2 FY26 from Rs 2,294 crore in Q2 FY25. Delhivery's expenditure outpacing revenue resulted in a loss of Rs 50 crore in Q2 FY26, compared to a profit of Rs 10 crore in Q2 FY25. For the half-year, its profit decreased by 37% to Rs 40.5 crore in H1 FY26 as compared to Rs 64.5 crore in H1 FY25. At the end of the last trading session, Delhivery’s share price stood at Rs 486, giving the company a market capitalization of Rs 36,335 crore (approximately $4 billion).

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Swiggy losses widens 74% to Rs 1,092 Cr in Q2 FY26, Instamart grows 2X

EntrackrEntrackr · 6d ago
Swiggy losses widens 74% to Rs 1,092 Cr in Q2 FY26, Instamart grows 2X
Medial

Swiggy reported a 54% YoY rise in operating revenue to Rs 5,561 crore in Q2 FY26 from Rs 3,601 crore a year earlier, while losses jumped over 74% during the quarter. Swiggy, the foodtech and quick commerce major, recorded a 54% year-on-year rise in operating revenue to Rs 5,561 crore in Q2 FY26 from Rs 3,601 crore in Q2 FY25. Despite the strong topline growth, the Bengaluru-based firm’s losses swelled by more than 74% in the quarter, according to its consolidated financial statements filed with the stock exchanges. Scootsy Logistics contributed the largest share, 46%, to Swiggy’s overall operating revenue. Its income grew 76% year-on-year to Rs 2,560 crore in Q2 FY26, up from Rs 1,453 crore in the same quarter last year. Swiggy’s food delivery business also grew strongly, rising 22% year-on-year to Rs 1,923 crore in Q2 FY26, and accounted for nearly 35% of the company’s total revenue during the quarter. Swiggy’s quick commerce arm, Instamart, also posted strong growth, with revenue doubling to Rs 980 crore in Q2 FY26 from Rs 490 crore in Q1 FY25. Swiggy’s Dine Out, Genie, Swiggy Mini and other non-operating income took its total revenue to Rs 5,620 crore in Q2 FY26. On the cost front, procurement of FMCG products for supply chain distribution accounted for 34.9% of Swiggy’s total expenses, rising 69% year-on-year to Rs 2,342 crore in Q2 FY26. Delivery expenses grew 30% to Rs 1,426 crore during the quarter. The company spent Rs 690 crore on employee benefits and Rs 1,039 crore on advertising, which surged 94% year-on-year. Depreciation and amortization expenses also increased 132% to Rs 304 crore. Overall, Swiggy’s total expenses for the quarter increased 56% to Rs 6,711 crore from Rs 4,309 crore in Q2 FY25. A 56% rise in total expenses, led by a 94% increase in advertising costs and a 132% jump in depreciation and amortization, widened Swiggy’s losses by over 74% to Rs 1,092 crore in Q2 FY26 from Rs 626 crore in Q2 FY25. For the first half of FY26, Swiggy reported revenue of Rs 10,522 crore, up 54% from Rs 6,824 crore in H1 FY25. However, its losses also widened by 85% to Rs 2,289 crore during the same period. Recently, Swiggy sold its stake in Rapido for Rs 1,968 crore to Prosus-owned MIH Investments One B.V. and Rs 431.5 crore to Setu AIF Trust and WestBridge, netting Rs 2,399.5 crore in total and earning over 2.5x returns on an investment made less than four years ago.

Tracxn losses rise 19% in Q2 FY26; revenue remains flat

EntrackrEntrackr · 8h ago
Tracxn losses rise 19% in Q2 FY26; revenue remains flat
Medial

Data and research platform Tracxn announced its financial results for the second quarter of FY26 on Wednesday. The firm’s revenue remained flat during Q2 FY26, while it slipped into losses on a quarter-on-quarter basis. Tracxn's revenue from operations decreased 1% to Rs 21.24 crore in Q2 FY26, compared to Rs 21.39 crore in Q2 FY25, its financial statements sourced from the National Stock Exchange (NSE) show. On a half yearly basis, Tracxn’s operating revenue increased by 1.2% to Rs 42.44 crore in H1 FY26 from Rs 41.93 crore in H1 FY25. Tracxn generated its entire operating revenue from subscription sales, offering access to its data and software. However, the Bengaluru-based firm did not provide a detailed revenue breakdown for the quarter. The company also made Rs 1.24 crore from non-operating sources which took Tracxn’s total revenue to Rs 22.48 crore in the second quarter. Employee benefits remained the largest cost center for Tracxn, accounting for 87% of its total expenditure. This expense increased by 4.6% year-on-year, rising to Rs 19 crore in Q2 FY26 from Rs 18.2 crore in Q2 FY25. Overall, Tracxn's total costs grew by approximately 6.7%, reaching Rs 21.86 crore in Q2 FY26. The company’s loss for the period decreased to Rs 5.56 crore in Q2 FY26 from Rs 4.65 crore in Q2 FY25. It's worth noting that the company had posted a profit of Rs 1.11 crore in the previous quarter (Q1 FY26). At the end of last trading day, Tracxn’s share price was trading at Rs 52.61, giving the company a market capitalization of Rs 559 crore ($63 million).

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

EntrackrEntrackr · 6h 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).

Bluestone revenue go past Rs 500 Cr in Q2 FY26; controls losses

EntrackrEntrackr · 1d ago
Bluestone revenue go past Rs 500 Cr in Q2 FY26; controls losses
Medial

Bluestone has announced its financial results for the second quarter of the ongoing fiscal year (Q2 FY26) on Tuesday. The firm’s revenue grew by 37.5% year-on-year, while its losses were reduced by 38% in the same period. Bluestone's revenue from operations increased to Rs 513 crore in Q2 FY26, compared to Rs 373 crore in Q2 FY25, its financial statements sourced from the National Stock Exchange (NSE) show. On a half-yearly basis, Bluestone’s operating revenue increased by 39% to Rs 1,006 crore in Q2 FY26 from Rs 722 crore in Q4 FY25. The sale of diamond, gold, platinum, gemstone, and pearl jewelry was the sole source of revenue from Bluestone. However, the firm did not provide a detailed revenue breakdown for the quarter. The company also made Rs 12 crore from non-operating sources, which took Bluestone’s total revenue to Rs 525 crore in the first quarter. On the expense front, the cost of materials remained the largest cost center for Bluestone, accounting for 54% of its total expenditure. This expense increased by 32% year-on-year, rising to Rs 310 crore in Q2 FY26 from Rs 235 crore in Q2 FY25. Employee benefit rose 60% to Rs 72 crore in Q2 FY26. Overall, Bluestone's total costs grew by approximately 23%, reaching Rs 576 crore in Q2 FY26. The growth momentum in the company helped to cut its losses by 38% to Rs 52 crore in Q2 FY26 from Rs 84 crore in Q2 FY25. For the half-year, the company’s loss decreased by 40% to Rs 87 crore in H1 FY26 from Rs 144 crore in H1 FY25. Bluestone launched its initial public offering (IPO) in August 2025, with a price band set between Rs 492 and Rs 517 per share. The stock made its market debut on 19 August 2025 at Rs 510, reflecting a slight 1.3% discount from its issue price of Rs 517 and raised Rs 1,500 crore overall, which included Rs 693 crore garnered from anchor investors earlier that month. At the end of today’s trading session, Bluestone’s share traded at Rs 714, with a 0.4% increase in its share price. The company’s total market capitalization stood at Rs 10,810 crore (approx $1.2 billion).

Mobikwik losses surge 8X in Q2 FY26

EntrackrEntrackr · 1d ago
Mobikwik losses surge 8X in Q2 FY26
Medial

Fintech platform MobiKwik reported its quarterly results for the second quarter of the ongoing fiscal year (FY26) on Tuesday, with revenue declining 7% year-on-year and losses rising more than 8X. MobiKwik’s revenue from operations decreased by 7% to Rs 270 crore in Q2 FY26 from Rs 291 crore in Q2 FY25, its unaudited financial statements accessed from the National Stock Exchange (NSE) show. Commissions on recharges, processing, and interest on servicing loans, payment gateways, as well as platform fee were the primary revenue sources for MobiKwik in Q2 FY26. On the lines of previous quarterly results, the firm didn't provide an income breakdown in Q2 FY26. For the half yearly basis, the company’s revenue declined 14.5% to Rs 541 crore in H1 FY26 from Rs 633 crore in H1 FY25. For the payments platform, payment gateway costs accounted for the largest expense, making up 47% of the total cost of Rs 134 crore in Q2 FY26. Its employee benefit expenses stood at Rs 35 crore, while lending fees aka commission amounted to Rs 13 crore. MobiKwik’s financial guarantee, legal, advertising-marketing, finance, and other overheads took its total burn to Rs 286 crore in Q2 FY26 which remained flat as compared to Rs 287 crore in Q2 FY25. The Gurugram-based company’s losses spiked 8X to Rs 28.6 crore in Q2 FY26, compared to Rs 3.5 crore in the same quarter last year. For the half year that ended in September 2025, it reported a net loss of Rs 70.5 crore. Mobikwik’s stock price is trading at Rs 255 (as of 11:50 AM) with a total market capitalization of Rs 2,021 crore. Earlier last month, MobiKwik announced the resignation of its Chief Operating Officer for Consumer Payments, Mohit Narain, citing health reasons. MobiKwik had reported that it was hit by Rs 40 crore fraud in Haryana and later clarified that it was due to internal glitch and not any cyberattack.

Eternal posts 2.8X revenue growth in Q2 FY26; EBIT remains negative at Rs 137 Cr

EntrackrEntrackr · 20d ago
Eternal posts 2.8X revenue growth in Q2 FY26; EBIT remains negative at Rs 137 Cr
Medial

Eternal posts 2.8X revenue growth in Q2 FY26; EBIT remains negative at Rs 137 Cr Foodtech and quick commerce platform Eternal (formerly Zomato) released its financial results for Q2 FY26 on Thursday. The Gurugram-based company reported a 63% decline in profit for the quarter ending September 2025, while its revenue nearly tripled. Importantly, excluding other income of Rs 352 crore and interest costs of Rs 86 crore, Zomato’s parent Eternal posted a negative EBIT of Rs 137 crore in the last quarter. Eternal’s revenue from operations grew 2.8X to Rs 13,590 crore in Q2 FY26 in contrast to Rs 4,799 crore in Q2 FY25, as per the firm’s consolidated financial results sourced from the National Stock Exchange (NSE). 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 18% of the total revenue in Q2 FY26, growing 23% to Rs 2,485 crore from Rs 2,012 crore in Q2 FY25. Revenue from the quick commerce segment (Blinkit) saw significant growth, rising 8.5X to Rs 9,891 crore in Q2 FY26 from Rs 1,156 crore in Q2 FY25. However, Hyperpure saw a fall of 30.5% to Rs 1023 crore during the second quarter of FY26. Earnings from the 'Going-out' segment and other non-operating income brought the Eternal Group’s total revenue to Rs 13,942 crore in Q2 FY26. On a half yearly basis, the company’s revenue grew 2.3X to Rs 20,757 crore in H1 FY26 as compared to Rs 9,005 crore in H1 FY25. The cost of material accounted for 56% of the total expense; this cost grew by 5.8X to Rs 7,742 crore in Q2 FY26 from Rs 1,334 crore in Q2 FY25. Delivery and related charges increased by 58% to Rs 2,213 crore in Q2 FY26. Employee benefit cost rose 46% to Rs 865 crore while spending on advertising and marketing almost doubled to Rs 806 crore in Q2 FY26. Overall, the company’s total expenditure increased by 2.8X to Rs 13,813 crore in Q2 FY26, up from Rs 4,783 crore in Q2 FY25. The 5.8X surge in material cost led the company's profit to fall by 63% to Rs 65 crore in Q2 FY26 from Rs 176 crore in Q2 FY25. On a per-unit basis, the Gurugram-based company spent Rs 1.02 to earn every rupee of revenue during the quarter ending September 2025. Eternal’s share price (as of 15:14 PM) is trading at Rs 342.85, giving the foodtech platform a market capitalization of Rs 3,32,985 crore (approximately $37.92 billion).

Blackbuck posts Rs 144 Cr revenue in Q1 FY26, profit grows 17%

EntrackrEntrackr · 3m ago
Blackbuck posts Rs 144 Cr revenue in Q1 FY26, profit grows 17%
Medial

Blackbuck has released its financial report for the first quarter of the ongoing financial year ending March 2026. The Bengaluru-based company reported a 57% year-on-year growth in scale in Q1 FY26 and posted a profit of Rs 34 crore in the quarter. Blackbuck's revenue from operations grew to Rs 144 crore in Q1 FY26 from Rs 92 crore in Q1 FY25, its financial statements sourced from the National Stock Exchange show. On a quarter-on-quarter basis, Blackbuck’s operating revenue increased 18% to Rs 144 crore in Q1 FY26 from Rs 122 crore in Q4 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 16 crore from interest income which took its overall revenue to Rs 160 crore in Q1 FY26, compared to Rs 98 crore in Q1 FY25. Looking at the expenses, the employee benefit cost accounted for 32% of the overall expenditure which fell 5% year-on-year to Rs 37 crore in Q1 FY26 from Rs 39 crore in Q1 FY25. Deprecation and other operating expenses were key overheads that drove total expenditure to Rs 114 crore in Q1 FY26, compared to Rs 92 crore in the same quarter last year. Blackbuck’s net profit increased 17% to Rs 34 crore in Q1 FY26, as compared to Rs 29 crore in Q1 FY25. Blackbuck debuted on the stock exchange at Rs 208.90 and is now trading at Rs 481.85 (at 15:26 PM), bringing its total market capitalization to Rs 8,670 crore ($1 billion).

CarTrade posts Rs 193 Cr in revenue, profit doubles to Rs 64 Cr

EntrackrEntrackr · 8d ago
CarTrade posts Rs 193 Cr in revenue, profit doubles to Rs 64 Cr
Medial

CarTrade posts Rs 193 Cr in revenue, profit doubles to Rs 64 Cr Automobile classifieds platform CarTrade announced its financial results for the second quarter of FY26, reporting a 25% year-on-year increase in revenue and a two-fold rise in profit compared to Q2 FY25. CarTrade’s revenue from operations grew 25% to Rs 193.41 crore in Q2 FY26 in contrast to Rs 154.2 crore in Q2 FY25. The company also added another 28.73 crore in other income, taking its total income for Q2 FY26 to Rs 222.14 crore. The Mumbai-based company operates across three segments: Consumer, Remarketing, and Classifieds. Revenue from the Consumer segment accounted for 39.4% of total operating income, rising to Rs 76.24 crore in Q2 FY26 from Rs 55.62 crore in Q2 FY25. The Remarketing and Classifieds segments contributed Rs 62.62 crore and Rs 55.5 crore, respectively. On the expense front, employee benefits accounted for 55% of total spending, increasing 11% to Rs 77.5 crore during the period. CarTrade’s total expenses grew modestly by 5% to Rs 142.2 crore in Q2 FY26. A 25% year-on-year rise in operating revenue, coupled with controlled expenses, helped the firm double its profit to Rs 64 crore in Q2 FY26 from Rs 30.7 crore in Q2 FY25. On a half-yearly basis, the company’s revenue rose 24% year-on-year to Rs 366.45 crore, while its profit more than doubled to Rs 111.13 crore. The firm has also appointed Varun Sanghi as its Chief Strategy Officer (CSO) and senior management personnel.

TBO posts Rs 567 Cr revenue and Rs 67 Cr profit in Q2 FY26

EntrackrEntrackr · 2d ago
TBO posts Rs 567 Cr revenue and Rs 67 Cr profit in Q2 FY26
Medial

TBO posts Rs 567 Cr revenue and Rs 67 Cr profit in Q2 FY26 Business-focused travel distribution platform Travel Boutique Online (TBO) has announced its quarterly results. The Gurugram-based company recorded a 26% year-on-year increase in its revenue while its profits increased by 12% during the second quarter of the ongoing fiscal year Q2 FY26. TBO’s operating revenue increased by 26% to Rs 567 crore in Q2 FY26 from Rs 450 crore in Q2 FY25, its unaudited financial statements sourced from the National Stock Exchange (NSE) show. Income from booking of hotels and packages accounted for 84% of TBO’s revenue which increased 34% year-on-year to Rs 479 crore in Q2 FY26 from Rs 357 crore in Q2 FY25. Meanwhile, income from air ticketing and other allied services brought Rs 78 crore and other income sources added Rs 10 crore to the firm’s topline. Since hotels and packages were the largest revenue source, the service fees associated with them naturally became the biggest cost center, accounting for 40% of the total expenditure, which amounted to Rs 204 crore in Q2 FY26. Its employee benefits stood at Rs 108 crore in the last quarter. Overall, the total cost was up by 28% to Rs 504 crore in Q2 FY26 from Rs 394 crore in Q2 FY25. TBO Tek posted a 12% increase in its profits to Rs 67.5 crore in Q2 FY26 from Rs 60 crore in Q2 FY25. On a half-yearly basis, the company’s profit increased 8% to Rs 130.5 crore in H1 FY26 from Rs 121 crore in H1 FY25. TBO Tek’s stock is trading at Rs 1,497 with a total market capitalization of Rs 16,261 crore. TBO recently announced that its step-down subsidiary TBO LLC acquired Classic Vacations LLC, a US-based luxury travel company, for up to $125 million in an all-cash deal.

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