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Dhan hits $45 mn in revenue, posts first-ever profit of $21 mn | The Arc

The Arc WebThe Arc Web · 56y ago
Dhan hits $45 mn in revenue, posts first-ever profit of $21 mn | The Arc
Medial

1. Benefits of regular exercise: - Improved cardiovascular health - Increased muscle strength and endurance - Weight management and decreased risk of obesity - Enhanced mental well-being and reduced stress levels - Lower risk of chronic diseases such as diabetes and certain cancers 2. Tips for effective time management: - Prioritize tasks and create a to-do list - Set realistic goals and deadlines - Minimize distractions (e.g., turn off notifications, allocate specific time for emails) - Use time management techniques like the Pomodoro Technique - Delegate tasks when possible to free up time 3. Key elements of a healthy diet: - Consuming a variety of fruits and vegetables - Including whole grains for fiber and nutrients - Choosing lean sources of protein (e.g., poultry, fish, tofu) - Limiting processed foods and added sugars - Staying hydrated by drinking plenty of water 4. Steps to improve communication skills: - Active listening to understand others' perspectives - Clearly articulate thoughts and ideas - Practice non-verbal communication (e.g., maintaining eye contact, using appropriate body language) - Seek feedback and be open to constructive criticism - Engage in conversation with a diverse range of people 5. Effective strategies for stress management: - Regular exercise and physical activity - Practicing mindfulness and relaxation techniques (e.g., meditation, deep breathing) - Seeking social support and talking with trusted friends or family members - Engaging in hobbies or activities that bring joy and relaxation - Setting realistic expectations and avoiding overcommitment

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Apple India posts $8 Bn revenue and $330 Mn profit in FY24

EntrackrEntrackr · 1y ago
Apple India posts $8 Bn revenue and $330 Mn profit in FY24
Medial

Apple India has consistently grown its operating scale and profit after tax over the past five to six fiscal years, and FY24 was no exception. The local entity of the smartphone, laptop, and watch maker reported a 36% increase in operating revenue, surpassing Rs 66,700 crore (approximately $8 billion) threshold in the last fiscal year. Moreover, Apple India posted a significant profit of Rs 2,746 crore ($330 million) during the fiscal year ending March 2024. Apple India’s revenue from operations grew to Rs 66,727 crore in FY24 from Rs 49,188 crore ($6 billion) in FY23, its financial statements sourced from the Registrar of Companies (RoC) show. According to an IDC report, Apple achieved its highest-ever quarterly shipments in India during the September quarter of 2024 with 4 million units. By the third quarter of 2024, the company held an 8.6% share of the smartphone market in the country. Revenue from product sales increased by 36.53% to Rs 63,297.25 crore ($7.6 billion), contributing 94.86% of the total operating revenue. Service sales grew by 21.41% to Rs 3,430.45 crore ($413 million), accounting for the remaining 5.14%. It also earned Rs 393 crore from non-operating sources, pushing its total revenue to Rs 67,121 crore. On the expense side, material costs remained the largest expense category, accounting for 84.6% of the total expenses. These costs grew by 34.87% to Rs 53,658.6 crore ($6.4 billion) in FY24. Employee benefit expenses increased by 18.22% to Rs 2,599.6 crore ($313 million) during the same period. Advertising expenses rose sharply by 61.22% to Rs 728.7 crore ($87 million), while license fees (royalty paid to Apple Global by Apple India) doubled to Rs 4,490 crore ($540 million). Warranty claims amounted to Rs 374.2 crore ($45 million) in FY24. Overall, the company’s total expenses for the year increased by 36.5%, reaching Rs 63,397 crore ($7.6 billion) in FY24. Apple India’s profit increased by 23% to Rs 2,745.7 crore ($330 million) in FY24 from Rs 2,229.6 crore ($268 million) in FY23. Its ROCE and EBITDA margin stood at 71.96% and 6.43%, respectively. On a per-unit basis, Apple India spent Rs 0.95 to earn a rupee of operating revenue in FY24. The company reported Rs 2,912 crore ($350 million) in cash and bank balances and Rs 13,551 crore ($1.6 billion) in current assets at the end of FY24. Apple recently established a wholly owned subsidiary in India named Apple Operations India, highlighting the company’s commitment to expanding its presence and operations in the country. Meanwhile, Tata has agreed to acquire a 60% majority stake in Pegatron’s iPhone manufacturing facility in Tamil Nadu. Last year, Tata acquired a 100% stake in Wistron India, positioning itself as one of Apple’s largest contract suppliers, alongside Taiwan’s Foxconn.

Square Yards reports Rs 378 Cr revenue in Q1 FY26, turns EBITDA positive

EntrackrEntrackr · 7m ago
Square Yards reports Rs 378 Cr revenue in Q1 FY26, turns EBITDA positive
Medial

Square Yards reports Rs 378 Cr revenue in Q1 FY26, turns EBITDA positive Square Yards, the Gurugram-based integrated real estate and mortgage platform, reported a 45% year-on-year rise in revenue and swung to profitability at the EBITDA level for the quarter ending June 2025. The company’s revenue from operations grew 45% to Rs 378 crore in Q1 FY26 from Rs 260 crore in Q1 FY25, according to the company’s press release. Square Yards is a proptech platform that provides end-to-end real estate services, including property discovery, buying and selling, mortgage assistance, home furnishing, rentals, and property management. Square Yards operates in more than 100 cities across nine countries, as per the release. Revenue contributions rose across real estate, financial services, and home renovation segments, while digital products saw a decline. Notably, financial services surged 60% year-on-year, followed by 36% growth in real estate and 21% in home renovations. Square Yards facilitated 55,771 transactions with a Gross Transaction Value (GTV) of Rs 18,480 crore during the quarter. Revenue from India contributed Rs 340 crore, marking a 57% year-on-year growth. The improved operating leverage helped Square Yards record its first-ever profitable quarter. Gross profit nearly tripled to Rs 70 crore in Q1 FY26 from Rs 24 crore in the same period last year, with margins improving to 18% from 9%. Segmental EBITDA stood at Rs 38.2 crore with a 10% margin, while overall EBITDA turned positive at Rs 4.4 crore against a loss of Rs 33.7 crore a year ago. “We are delighted to deliver our strongest-ever first quarter performance, marking a historic milestone for Square Yards. With revenue growing 45% year-on-year and gross profit nearly tripling, this quarter reflects the strength of our operating model,” said Tanuj Shori, Founder and CEO of Square Yards. As per sources, Square Yards is eyeing to raise Rs 2,000 crore through an initial public offering (IPO) at a valuation of $1.5–2 billion. The firm is likely to file its Draft Red Herring Prospectus (DRHP) during the current financial year.

MakeMyTrip posts $295 Mn revenue in Q3 FY26; profit down 74%

EntrackrEntrackr · 2m ago
MakeMyTrip posts $295 Mn revenue in Q3 FY26; profit down 74%
Medial

MakeMyTrip posts $295 Mn revenue in Q3 FY26; profit down 74% Online travel booking (OTA) giant MakeMyTrip, which is listed on NASDAQ, has announced its financial results for the third quarter of the ongoing fiscal year ending December 31, 2026. The company’s profit decreased by 74% in the period. MakeMyTrip’s operating revenue increased by 11% to $295.7 million in Q3 FY26 from $267 million in Q3 FY25, as per its financial statements filed with NASDAQ. Hotels and packaging contributed 54% of the company’s revenue, which increased by 9.5% to $191 million in Q3 FY26, up from $147 million in Q3 FY25. Air ticketing accounted for 20% of the revenue, generating $60 million, while bus ticketing generated $37 million in the period. For the nine-month period, the company’s revenue increased by 8% to $794 million from $733 million, a year earlier. MakeMyTrip’s total expenses rose 18% to $289 million in Q3 FY26 from $244 million in Q3 FY25. Service cost accounted for 30% of the total, increasing 14% to $88 million in Q3 FY26. Finance cost, personal expense, and advertising were other major costs for MakeMyTrip in the last quarter. With the company’s expenses increasing more than revenue, MakeMyTrip’s profit decreased by 74% to $7 million in Q3 FY26 compared to $27 million in Q3 FY25. On a unit basis, the Gurugram-based company spent Rs 0.98 to earn a rupee of operating revenue during the last quarter.

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