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

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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 companyโ€™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. Gameberryโ€™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, Gameberryโ€™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. Gamesberryโ€™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. Gameberryโ€™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 ยท 15d 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 Labsโ€™ 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 companyโ€™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 Gameberryโ€™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 companyโ€™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, Gameberryโ€™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%

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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 companyโ€™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 companyโ€™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. Thyrocareโ€™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 companyโ€™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. Thyrocareโ€™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 ยท 7d 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 companyโ€™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 firmโ€™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 firmโ€™s total cost to Rs 579 crore in the second quarter. WeWorkโ€™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 Indiaโ€™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 todayโ€™s trading session, WeWork Indiaโ€™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 ยท 5m 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). TBOโ€™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 TBOโ€™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 firmโ€™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 todayโ€™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).

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

EntrackrEntrackr ยท 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% MamaEarthโ€™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. MamaEarthโ€™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 companyโ€™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 parentโ€™s shares were trading at Rs 271 with a total marketing capitalization of Rs 8,812 crore ($1 billion).

Drishti IAS posts Rs 405 Cr revenue and Rs 90 Cr PAT in FY24

EntrackrEntrackr ยท 10m ago
Drishti IAS posts Rs 405 Cr revenue and Rs 90 Cr PAT in FY24
Medial

Drishti IAS posts Rs 405 Cr revenue and Rs 90 Cr PAT in FY24 Offline coaching firm Drishti IAS Institute crossed Rs 400 crore of revenue during the previous fiscal year ended in March 2024. The profits for the Vikas Divyakirti-led firm touched Rs 90 crore in the same period. Drishti IASโ€™s revenue from operations increased by 30.6% year-on-year to Rs 405 crore in FY24 from Rs 310 crore in FY23. The Delhi-based company's revenue rose from Rs 40 crore in FY21 to Rs 119 crore in FY22, and further to Rs 310 crore in FY23. The 26-year-old educational platform mainly provides offline coaching for Civil Services Examination (CSE). Income from coaching services accounted for 94.8% of the total operating revenue, which increased by 37.6% to Rs 384 crore in FY24 from Rs 279 crore in FY23. The remaining income is generated from the sale of study materials, including pen drives, books, test papers, and other resources. Drishti IAS operates seven institutes, including two in Delhi, three in Uttar Pradesh, and one each in Jaipur and Indore. Its Mukherjee Nagar Institute is the largest revenue contributor, accounting for 58% of the total coaching income. Employee benefits and faculty charges constituted 40% of its overall cost, increasing by 41% to Rs 117 crore in FY24 from Rs 83 crore in FY23. Drishti IAS's advertising spending also jumped 3.4X to Rs 51 crore in FY24. Drishti IAS's overall expenditure increased to Rs 289 crore in FY24 from Rs 197 crore in FY23. Higher spending on employee benefits and advertising resulted in a modest 3.4% increase in net profits, which rose to Rs 90 crore in FY24 from Rs 87 crore in FY23. The company's ROCE and EBITDA margin were recorded at 55.7% and 33.73%, respectively, while the expense-to-revenue ratio stood at Re 0.71. As of March 2024, the company's total current assets were valued at Rs 88 crore, with cash and bank balances of Rs 54 crore.

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

EntrackrEntrackr ยท 5m 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 companyโ€™s profit remained modest at Rs 4 crore in the final quarter of the previous fiscal year. Nazaraโ€™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 companyโ€™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, Nazaraโ€™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 companyโ€™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).

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