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Gameberry posts Rs 93 Cr PAT, shares 10% revenue with Moonfrog amid dispute

EntrackrEntrackr · 11m ago
Gameberry posts Rs 93 Cr PAT, shares 10% revenue with Moonfrog amid dispute
Medial

Gameberry, the mobile gaming company behind popular titles like Ludo Star and Parchisi Star, delivered impressive results for FY24. The company’s operating revenue grew by 47% year-on-year, while its profit soared 2.5X to Rs 92.8 crore for the fiscal year ending March 2024. Gameberry’s revenue from operations grew by 46.9% to Rs 461.7 crore in FY24, up from Rs 314.3 crore in FY23, according to its consolidated financial statement filed with the Registrar of Companies (RoC). The company makes money from in-app purchases and advertisements. Revenue from in-app sales spiked 49.4% to Rs 365.4 crore in FY24, contributing 79.1% of total operating revenue. Meanwhile, collection from advertisements grew by 38.2% year-on-year to Rs 96.3 crore. The company also made an additional Rs 23 crore from interest income which pushed its total income to Rs 485 crore in FY24. On the expense side, Gameberry’s total costs rose by 29.6% to Rs 360.5 crore in FY24 from Rs 278.1 crore in FY23. Employee benefit costs, the largest expense category, increased by 9.6% to Rs 112.6 crore. Advertising costs rose significantly by 51% to Rs 67.8 crore, while settlement expense stood at Rs 50.8 crore. Other expenses, which include IT and operational costs, grew by 37.1% to Rs 129.3 crore during the last fiscal year. The settlement expense includes payments tied to an agreement with Moonfrog Labs Private Limited (MLPL) related to a case formerly pending before the City Civil Court, Bengaluru. Under the settlement, Gameberry agreed to a one-time payment of Rs 32.8 crore and a fixed percentage of its monthly net revenues till 2030. The optimization of expenses and growth in high-margin revenue streams enabled Gameberry to improve its profit margins. Gamesberry’s net profit spiked 2.5X to Rs 92.8 crore in FY24 from Rs 37.1 crore in FY23. The firm recorded an EBITDA margin of 26.05% and a ROCE of 30.54% in FY24. On a unit basis, the company spent Rs 0.78 to earn a rupee in the fiscal year. Gameberry’s cash and bank balances stood at Rs 325.7 crore, while its current assets were worth Rs 411 crore as of March 2024. In the real-money gaming sector, MPL recorded a 22.2% rise in revenue from operations, reaching Rs 1,068 crore ($127.9 million) in FY24, while also turning cash flow positive during the year. Meanwhile, major competitors like Dream11, Gameskraft, and A23 are yet to submit their financial results for FY24.

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Gameberry Labs reports Rs 110 Cr PAT in FY25

EntrackrEntrackr · 1m ago
Gameberry Labs reports Rs 110 Cr PAT in FY25
Medial

Gameberry Labs, the parent company behind popular online board games such as Ludo Star, Ludo Titan, and Parchisi Star, reported another year of strong growth in FY25, with operating revenue rising 28% year-on-year and profit increasing 18% to Rs 110 crore. Gameberry Labs’ operating revenue climbed 28% year-on-year to Rs 591 crore in FY25 from Rs 461.7 crore in the previous fiscal, as per its consolidated filings with the Registrar of Companies (RoC). Gameberry Labs operates four popular games: Ludo Star, Ludo Titan, Parchisi Star and BackGammon Friends, which together have recorded nearly 150 million downloads, as per the company’s website. The company primarily earns from in-app purchases, contributing over 84% of its total revenue at Rs 499 crore, a 37% year-on-year increase. The remaining 16% came from advertising, which declined marginally by around 5% to Rs 92 crore in FY25. The company also earned Rs 31.3 crore from interest income, taking its total income to Rs 591 crore in FY25. On the expense front, platform hosting and payment facilitation charges emerged as Gameberry’s largest cost component, accounting for over 30% of total expenses at Rs 143.37 crore, a 33% year-on-year increase. Employee benefit expenses rose 20% to Rs 135.48 crore, while advertising costs surged 42% to Rs 96.7 crore in FY25. Gameberry paid Rs 64 crore in FY25 as part of a settlement agreement with Moonfrog Labs Private Limited (MLPL), linked to a case previously pending before the City Civil Court, Bengaluru. The settlement included a one-time payment of Rs 32.8 crore in FY20, along with a commitment to pay a fixed percentage of its monthly net revenue until 2030. The controlled expenditure and growth in high-margin revenue streams helped Gameberry strengthen its profitability. The company’s net profit rose 18.5% to Rs 110 crore in FY25, up from Rs 92.8 crore in FY24. On a unit basis, the company spent Rs 0.79 to earn a rupee in the fiscal year. Its EBITDA margin stood at 14.6% and a ROCE of 15.3%. As on March 2025, Gameberry’s current assets stood at Rs 564 crore, including cash and bank balances of Rs 114.8 crore. As a free-to-play gaming firm, Gameberry Labs might have escaped unscathed from the August ban on real money gaming in India. But there will be second order effects that will play out in the sector that will become more apparent as financials for FY26 start coming out. For Gameberry Labs, a stated ambition to go global from the beginning is likely to be tested fiercely, to see if the firm can deliver now. With multiple job openings still up on its site, the firm is giving it a very good go.

Thyrocare posts Rs 216 Cr revenue in Q2 FY26; profit rises 81%

EntrackrEntrackr · 1m ago
Thyrocare posts Rs 216 Cr revenue in Q2 FY26; profit rises 81%
Medial

Thyrocare posts Rs 216 Cr revenue in Q2 FY26; profit rises 81% Diagnostics major Thyrocare Technologies posted a strong performance in the second quarter of FY26, reporting strong growth in both revenue and profit, supported by higher testing volumes across its diagnostic and imaging segments. The company’s consolidated 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, as per its filings with the stock exchanges. Sequentially, the company’s revenue rose 12% from Rs 193 crore in Q1 FY26. The growth was primarily driven by the diagnostic testing services segment, which contributed over 93% of total revenue, while the imaging services segment (including PET-CT and radiopharmaceuticals) accounted for Rs 14.2 crore during the quarter. Thyrocare’s profit after tax jumped 81% YoY to Rs 47.9 crore in Q2 FY26, compared to Rs 26.4 crore in the corresponding quarter last year, aided by margin expansion and operational leverage. 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. The company’s EBITDA margin improved to 33%, with total expenses growing at a slower pace (10% YoY) than revenue. During the quarter, the cost of materials consumed rose to Rs 59.8 crore, while employee benefits expenses stood at Rs 33.2 crore. Thyrocare’s board has also approved a 2:1 bonus issue, allotting two fully paid-up shares for every existing share held by shareholders as of the record date. The board also declared an interim dividend of Rs 7 per share for FY26, with October 24 set as the record date. At the end of H1FY26, Thyrocare had a total current asset of Rs 323 crore with cash and bank balances of Rs 70 crore. The company is currently traded at Rs 1270.5 (as on 12.35 PM) with the total market capitalization of Rs 6,754 crore ($767 million).

WeWork posts Rs 575 Cr revenue and Rs 6 Cr profit in Q2 FY26

EntrackrEntrackr · 28d ago
WeWork posts Rs 575 Cr revenue and Rs 6 Cr profit in Q2 FY26
Medial

Managed office space provider WeWork India has announced its financial results for Q2 FY26 after debuting on Indian stock exchanges last month. The company posted a profit of Rs 6.4 crore in the second quarter. The company’s revenue from operations grew 23% year-on-year to Rs 575 crore in Q1 FY26 from Rs 469.5 crore in the same quarter last year, according to its financial statement sourced from NSE. Other income contributed an additional Rs 10.5 crore which drove its total income of Rs 585.5 crore for the quarter. On a half-yearly basis, the firm’s revenue increased 21% to Rs 1,110 crore in H1 FY26 from Rs 918 crore in H1 FY25. On the expense side, depreciation was the largest burn which stood at Rs 231 crore, whereas employee benefits expenses increased to Rs 48 crore. Finance costs amounted to Rs 153 crore which pushed the firm’s total cost to Rs 579 crore in the second quarter. WeWork’s profit decreased by 97% to Rs 6.4 crore in Q2 FY26 as compared to Rs 203 crore in Q2 FY25. (It's worth noting that the company had received a deferred tax credit of Rs 235 crore in Q2 FY25, which contributed a PAT of Rs 203 crore.) On a half-yearly basis, the company posted a loss of Rs 8 crore in H1 FY26 as compared to a profit of Rs 174.5 crore in H1 FY25. WeWork India’s Rs 3,000 crore initial public offering (IPO) was entirely an offer-for-sale (OFS), with the promoter entity, Embassy Buildcon LLP, selling shares worth Rs 2,294 crore, and 1 Ariel Way Tenant, an affiliate of WeWork Global, offloading shares valued at around Rs 706 crore. WeWork India made a flat debut on Indian stock exchanges, listed at Rs 650 per share, only 0.3% premium over its issue price of Rs 648. At the end of today’s trading session, WeWork India’s shares closed at Rs 623.9, giving the company a total market capitalization of Rs 8,361 crore ($942 million).

TBO Tek posts Rs 446 Cr revenue and Rs 59 Cr PAT in Q4 FY25

EntrackrEntrackr · 6m ago
TBO Tek posts Rs 446 Cr revenue and Rs 59 Cr PAT in Q4 FY25
Medial

Business-focused travel distribution platform Travel Boutique Online (TBO) has recorded a 21% year-on-year increase in its revenue while its profits grew 28.3% during the fourth quarter of the last fiscal year (FY25). TBO’s operating revenue increased to Rs 446 crore in Q4 FY25 from Rs 369 crore in Q3 FY24, its consolidated financial statements sourced from the National Stock Exchange (NSE) show. Income from the booking of hotels and packages accounted for 80% of TBO’s revenue, which increased to Rs 357 crore in Q4 FY25. Meanwhile, income from air ticketing and other allied services brought Rs 79 crore and Rs 10 crore to the firm’s coffers. Hotels and packages, as the top revenue source, made service fees the largest cost center, accounting for 33.75% of total expenditure or Rs 135 crore in Q4 FY25. Employee benefits were Rs 99 crore in the same quarter. Overall, total costs rose to Rs 400 crore in Q4 FY25 from Rs 325 crore in Q4 FY24. The decent surge in scale and controlled expenditure led TBO to post a 28.3% YOY increase in its profits after tax to Rs 59 crore in Q4 FY25 from Rs 46 crore in Q4 FY24. However, for the full fiscal year, it posted a 15% YoY increase in PAT to Rs 230 crore in the previous fiscal (FY25). At the end of today’s (Thursday, May 22) trading session, TBO Tek saw around a 3% decrease in its stock, which stood at Rs 1,197 with a total market capitalization of Rs 13,005 crore or ($1.53 billion).

Wakefit posts Rs 724 Cr revenue in H1 FY26; turns profitable

EntrackrEntrackr · 7d ago
Wakefit posts Rs 724 Cr revenue in H1 FY26; turns profitable
Medial

Wakefit, the home and sleep solutions brand, filed its Red Herring Prospectus (RHP) on November 30, 2025, for its upcoming IPO. The company’s financials indicate steady performance in the first half of the current fiscal year ending March 31, 2026. Wakefit reported operating revenue of Rs 724 crore in H1 FY26, according to the financial statement included in the Red Herring Prospectus (RHP). The company added another Rs 17 crore from non-operating sources which pushed its total revenue to Rs 741 for H1 FY26. On the expense side, cost of material was the largest burn which accounted for 44% of the total expense which stood at Rs 313 crore in FY25. The company’s employee benefit expense stood at Rs 79.5 crore in H1 FY26. Finance cost and depreciation stood at Rs 15 crore and Rs 53 crore respectively. Overall, its total expense stood at Rs 706 crore for H1 FY26. Wakefit posted profit after tax (PAT) of Rs 35.5 crore in the first half of the ongoing fiscal year. Meanwhile, the company had posted a loss of Rs 35 crore in last year ending March 31, 2025. Its ROCE and EBITDA margin stood at 4.38% and 11.95% for the first half. On a unit basis, the company spent Rs 0.98 to earn a rupee of operating revenue in H1 FY26. The company recorded current assets worth Rs 229 crore, including Rs 23 crore in cash and bank balances. As per the RHP, Peak XV is the largest external shareholder with a 22.47% stake, followed by Verlinvest and Investcorp at 9.79% and 9.29%, respectively. SAI Global Investment holds 5.35%, while Elevation Capital and Paramark Fund own 4.68% and 1.63%. Among the promoters, Ankit Garg holds the largest stake at 33.03%, followed by Chaitanya Ramalingegowda with 9.98%. The Bengaluru-based firm has trimmed its IPO size from the earlier DRHP, which proposed a fresh issue of Rs 468 crore and an OFS of 5.84 crore shares. Now, the company plans to raise Rs 377.2 crore through a fresh issue of shares, along with an offer for sale (OFS) of 4.68 crore equity shares.

MamaEarth-parent Honasa posts Rs 595 Cr revenue in Q1 FY26; PAT grows 2.7%

EntrackrEntrackr · 3m ago
MamaEarth-parent Honasa posts Rs 595 Cr revenue in Q1 FY26; PAT grows 2.7%
Medial

### 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).

Vyapar posts Rs 63 Cr loss in FY25; cash reserve fades 93%

EntrackrEntrackr · 10d ago
Vyapar posts Rs 63 Cr loss in FY25; cash reserve fades 93%
Medial

Vyapar posts Rs 63 Cr loss in FY25; cash reserve fades 93% Vyapar’s operating revenue rose 53% year-on-year to Rs 69 crore in FY25, up from Rs 45 crore in FY24, according to its consolidated financial statements filed with the Registrar of Companies (RoC). Business accounting software provider Vyapar continued to operate deep in the red in FY25 even as it expanded its year-on-year scale. The Delhi-based company’s losses remained high, though they narrowed, and its cash buffer eroded significantly during the last fiscal year. Founded in 2018, Vyapar helps SMEs keep track of their receivables and payables, inventory management, send customized invoices, payment reminders and transaction messages in multiple languages. Revenue from the sale of its software’s license accounted for 90% of the income while the rest came from provision of its services (subscriptions fee). Employee benefits remained the company’s largest cost component accounting for 72% of the total expense. This expense increased 11% to Rs 102 crore in FY25 from Rs 92 crore in FY24. Other operating overheads such as customer support cost, rent, marketing, etc added the remaining Rs 39 crore to the total income which increased by 11% year-on-year to Rs 141 crore in FY25 from Rs 127.5 crore in FY24. At the bottom line, the company reduced its net loss by 13% to Rs 63 crore, compared to Rs 72.6 crore in FY24. Its ROCE and EBITDA margin stood at -62.61% and -102.9% respectively. On a unit basis, the company spent Rs 2.04 to earn a rupee of operating revenue in FY25. The company’s current assets decreased to Rs 89 crore in FY25 from Rs 141 crore in FY24. Its cash and bank balance was cut by 93% to Rs 6 crore in FY25 from Rs 91 crore in FY24. Vyapar has raised a total of $36 million of funding till date, having Indiamart and WestBridge as its lead investors which owns 25.5% and 16% of the company respectively.

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