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E-waste recycler Attero scale soars 2.2X to Rs 961 Cr in FY25; PAT remains flat

EntrackrEntrackr · 15h ago
E-waste recycler Attero scale soars 2.2X to Rs 961 Cr in FY25; PAT remains flat
Medial

E-waste recycler Attero scale soars 2.2X to Rs 961 Cr in FY25; PAT remains flat Following over 50% year-on-year growth in FY24, e-waste recycling company Attero more than doubled its revenue during the fiscal year ending March 2025. However, despite the sharp scale-up, the profits of the firm remained stagnant. Attero’s revenue from operations spiked more than 2.2X to Rs 961 crore in FY25 from Rs 446 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC). Attero is an environmentally focused company, specializing in recycling and upcycling services for electronic waste and biowaste. It uses patented technology to recycle e-waste, including dismantling and extracting precious metals from electronic devices and lithium-ion batteries. The sale of products (recycled metals, battery-grade materials) accounted for 85.5% of the revenue at Rs 822 crore. Whereas, the rest of the income comes from the sale of services, including e-waste recycling, lithium-ion battery processing, EPR compliance, secure data destruction, and waste management solutions. On the spending side, the cost of material accounted for 89% of the total expense. To the tune of scale, this cost spiked by 2.3X to Rs 834 crore in FY25 from Rs 363 crore in FY24. Its Employee benefit expenses more than doubled to Rs 32 crore, while contractual manpower costs increased to Rs 15.5 crore. Legal charges stood at Rs 10 crore during the year. Overall, Attero’s total expenses surged 2.2X to Rs 936 crore in FY25 from Rs 426 crore in FY24. The company reported a stable profit of Rs 14.6 crore in FY25, slightly higher than Rs 14.47 crore in FY24. Its ROCE and EBITDA margin stood at 20.61% and 3.22%, respectively. On a unit basis, the company spent Rs 0.97 to earn a rupee during FY25. By the end of FY25, the company’s current assets stood at Rs 422 crore, while its cash and bank balance increased to Rs 30.6 crore. Attero has raised a total funding of $31 million to date, with the backing of NEA-Indo US Venture (34.74%), DFJ Mauritius (23.54%), and GHIOF (9.47%). Its co-founder & CEO, Nitin Gupta, holds a 9.19% stake in the company. The company competes with the likes of Lohum, Recyclekaro, and Redwood Materials, among others.

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E-waste recycler Attero nears Rs 450 Cr revenue in FY24

EntrackrEntrackr · 11m ago
E-waste recycler Attero nears Rs 450 Cr revenue in FY24
Medial

Electronic waste recycling startup Attero registered a 54% year-on-year growth in FY24, bringing its revenue close to the Rs 450 crore mark. However, despite the strong top-line growth, the company’s net profit declined by 30% during the fiscal year. Attero’s revenue from operations increased by 54% to Rs 446 crore in FY24 from Rs 289 crore in FY23, according to its consolidated financial statement sourced from the Registrar of Companies (RoC). Attero is an environmentally focused company, specializing in recycling and upcycling services for electronic waste and biowaste. It uses patented technology to recycle e-waste, including dismantling and extracting precious metals from electronic devices and lithium-ion batteries. The sale of products (recycled metals, battery-grade materials) accounted for 75% of the revenue at Rs 333 crore. Whereas, the rest of the income comes from the sale of services, including e-waste recycling, lithium-ion battery processing, EPR compliance, secure data destruction, and waste management solutions. For the e-waste recycling firm, the cost of procurement of materials formed 85% of Attero’s total expenses, which increased by 63.5% to Rs 363 crore in FY24. Its Employee benefit expenses rose by 16.7% to Rs 14 crore, while legal charges jumped 66.7% to Rs 10 crore. Other overheads, including manpower and general expenses, stood at Rs 31 crore. Overall, the company's total expenditure rose by 51.6% to Rs 426 crore in FY24 from Rs 281 crore in FY23. Despite robust revenue growth, the sharp rise in procurement weighed on profitability. Attero’s profit margin narrowed, leading to a decline in net profit by 31% to Rs 14.5 crore in FY24 from Rs 21 crore in FY23. Its ROCE and EBITDA margin stood at 19.32% and 8.41% respectively. On a unit level, the company spent Rs 0.96 to earn a rupee during the fiscal year. The Roorkee-based firm recorded total current assets worth Rs 232 crore in FY24, including Rs 12 crore in cash and bank balance. According to TheKredible, Attero has raised a total funding of $31 million to date. The company's lead investors include NEA-Indo US Venture (34.74%), DFJ Mauritius (23.54%), and GHIOF (9.47%). Its co-founder & CEO, Nitin Gupta, holds a 9.19% stake in the company. Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever.

Unicommerce’s Q3 FY26 revenue climbs 70%, PAT improves

EntrackrEntrackr · 1m ago
Unicommerce’s Q3 FY26 revenue climbs 70%, PAT improves
Medial

Unicommerce’s Q3 FY26 revenue climbs 70%, PAT improves E-commerce enablement SaaS platform Unicommerce continued its growth trajectory over the last quarter, reporting a 70% year-on-year increase in revenue and a 17% jump in profit after tax (PAT). The company’s revenue from operations rose to Rs 56 crore in Q3 FY26 from Rs 33 crore in Q3 FY25, according to its financial statement sourced from National Stock Exchange (NSE). Including other undisclosed income, its total income for Q3 FY26 grew to Rs 58 crore from Rs 34 crore in Q3 FY25. On a quarter-on-quarter basis, Unicommerce’s operating revenue remained flat as compared to Rs 51 crore in Q2 FY25. On the expense side, employee benefits rose 37.5% to Rs 18 crore in Q3 FY26. Server hosting costs decreased 30% to Rs 1.4 crore from Rs 2 crore, while depreciation and amortization rose to Rs 2 crore. Finance costs stood at Rs 20 lakh during the quarter ending December this year. Overall, Unicommerce’s total expenses for the quarter increased 85% to Rs 48 crore from Rs 26 crore in Q3 FY25. At the end, the Gurugram-based firm reported a 17% increase in its profit to Rs 7 crore in Q3 FY26 as compared to Rs 6 crore in Q3 FY25. On a unit basis, the company spent Re 0.86 to earn a rupee of operating revenue with EBITDA of Rs 12 crore during the last quarter. Unicommerce’s share price was trading at Rs 101 on Friday, giving it a total market capitalization of Rs 1,135 crore (about $125 million).

Nykaa posts Rs 2,061 Cr revenue in Q4 FY25, profit soars 90%

EntrackrEntrackr · 9m ago
Nykaa posts Rs 2,061 Cr revenue in Q4 FY25, profit soars 90%
Medial

Online beauty and fashion platform Nykaa reported strong growth in Q4 FY25, with its revenue from operations rising 24% year-on-year and profits surging 90% during the quarter ending March 2025. According to its consolidated financial statements sourced from the NSE, Nykaa's revenue from operations grew to Rs 2,061 crore in Q4 FY25, compared to Rs 1,667 crore in Q4 FY24. For the full fiscal year (FY25), Nykaa’s operating revenue increased 24% to Rs 7,950 crore in FY25 from Rs 6,386 crore in FY24. The beauty segment accounted for 92% of the total revenue at Rs 1,894 crore, while the fashion segment contributed 8% of the operating income in the last quarter. For Nykaa, the cost of materials constituted 57% of its total expenditure, rising to Rs 1,153 crore in Q4 FY25. Additional spending on employee benefits, finance, marketing, technology, and other overheads brought the company’s total costs to Rs 2,031 crore during the quarter. For the full fiscal year ending March 2025, the total expenses rose to Rs 7,850 crore. Steady growth in its scale helped Nykaa achieve a 90% increase in profit to Rs 19 crore in Q4 FY25, compared to Rs 10 crore in Q4 FY24. For FY25, the firm’s profit stood at Rs 74 crore in FY25 from Rs 44 crore in FY24. At the close of today's trading session, Nykaa's stock was priced at Rs 200.8, giving the company a market capitalization of Rs 57,406 crore.

Unicommerce profit soars over 62% in Q3 FY25

EntrackrEntrackr · 1y ago
Unicommerce profit soars over 62% in Q3 FY25
Medial

E-commerce enablement SaaS platform Unicommerce continued its growth trajectory over the last quarter, reporting a 26% increase in revenue and more than 60% jump in profit. The company’s revenue from operations rose to Rs 32.7 crore from Rs 26 crore in the corresponding quarter of the previous fiscal year. Including other undisclosed income, Unicommerce’s total income for Q3 FY25 reached Rs 34.2 crore from Rs 27.6 crore in Q3 FY24, according to its quarterly result reported to National Stock Exchange. On the expense side, employee benefits expenses decreased 11% to Rs 12.8 crore in Q3 FY25 from Rs 14 crore in the same quarter of FY23. Server hosting expenses, however, surged by 47% to Rs 2.2 crore from Rs 1.5 crore, reflecting investments in ramping up technology infrastructure. While depreciation and amortization grew to Rs 1.1 crore, finance costs stood at Rs 1.2 crore in the last quarter. At the end, Unicommerce’s total expenses for the quarter increased 14.7% to Rs 25.7 crore from Rs 22.4 crore in Q3 FY24. Despite the increase in expenses, the firm reported a 61.5% spike in its profit to Rs 6.3 crore in Q3 FY25 as compared to Rs 3.9 crore in Q3 FY24. During the last quarter, Unicommerce acquired Shipway, a Gurugram-based e-commerce technology platform. With this acquisition, the SoftBank-backed company will compete with Shiprocket, which reportedly plans to raise between Rs 2,000 to Rs 2,500 crore through its IPO. Since its public listing in August 2024, Unicommerce has witnessed significant growth in its market capitalization, which now stands at Rs 1,626 crore. The company’s share price has surged to Rs 158.8 from its initial listing price of Rs 108.

Nazara posts Rs 520 Cr revenue and Rs 4 Cr PAT in Q4 FY25

EntrackrEntrackr · 10m ago
Nazara posts Rs 520 Cr revenue and Rs 4 Cr PAT in Q4 FY25
Medial

Nazara posts Rs 520 Cr revenue and Rs 4 Cr PAT in Q4 FY25 Gaming and sports media firm Nazara Technologies reported a 95% year-on-year rise in operating revenue for Q4 FY25. However, the Mumbai-based company’s profit remained modest at Rs 4 crore in the final quarter of the previous fiscal year. Nazara’s operating revenue rose by 95.3% to Rs 520 crore in Q4 FY25 from Rs 266 crore in Q4 FY24, according to its audited consolidated financial statements sourced from the National Stock Exchange (NSE). E-sports accounted for 41.5% (Rs 216 crore) of the company’s total operating revenue, while the gaming segment held a 30% share (Rs 156 crore), followed by ad tech, which contributed 28% (Rs 148 crore). Nazara also earned Rs 18 crore from interest and gains on financial assets during the quarter, bringing its overall revenue to Rs 539 crore. However, the company posted a 40.8% YoY increase in its total income to Rs 1,715 crore in FY25, compared to Rs 1,218 crore in FY24. On the line of scale, Nazara’s total expenses surged by 85.3% to Rs 528 crore in Q4 FY25, compared to Rs 285 crore in the same quarter last year. Content and commission costs together stood at Rs 186 crore, while employee benefit expenses rose to Rs 80 crore. Notably, marketing expenses saw a sharp 3.5X jump, reaching Rs 151 crore in Q4 FY25. Despite a 95% year-on-year revenue growth in Q4, the company’s profit remained flat at Rs 4 crore in Q4 FY25. For the full fiscal year, its net profit declined to Rs 51 crore in FY25 from Rs 74.7 crore in FY24. Last week, the Competition Commission of India (CCI) also approved the acquisition of a majority stake and control over Nazara Technologies Limited by Axana Estates LLP, Plutus Wealth Management LLP, and Junomoneta Finsol Private Limited. Nazara is currently trading at Rs 1,270 (as of 03.41 PM) with a total market capitalization of Rs 11,127 crore (approximately $1.3 billion).

QarmaTek raises $1 Mn in pre-Series A round

EntrackrEntrackr · 1y ago
QarmaTek raises $1 Mn in pre-Series A round
Medial

Electronics renewal and refurbishment startup QarmaTek has secured $1 million (Rs 8.3 crore) in pre-Series A round co-led by Umang Nahata, Rakesh Raman, and Vishal Makwana. Qarmatek has raised a total funding of $4.11 million till date. In 2021, it raised $3 million from Gujarat Venture Finance, Caspian Debt and others. The proceeds will be deployed towards expanding into multiple categories in renewed electronics, scale operations, and grow geographically, QarmaTek said in a press release. Co-founded in 2011 by Krunal Shah and Arun Hattangadi, Qarmatek serves in the B2B space in the retail market segments and provider of after-sale repair services for electronic products. The company offers multi-brand repairing services, refurbishment services, call centre services, network & logistics services, customised & predictive solutions for electronic gadgets like smartphones, laptops, home appliances, and appliance brands. The Ahmedabad-based company aims to promote sustainability by extending the lifecycle of electronic products through renewal and refurbishment, thus reducing e-waste and contributing to a circular economy. According to the Central Pollution Control Board, India generates 1.71 million metric tons of e-waste, compared to the worldwide e-waste generation of 59.40 million metric tons. A study by KPMG and ASSOCHAM shows that computer equipment accounts for almost 70% of e-waste in India, followed by telecom/phones (12%), electrical equipment (8%), and medical equipment (7%).

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