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HealthKart FY25 Profit Surges 3X YoY To INR 120 Cr

Inc42 · 15h ago

HealthKart FY25 Profit Surges 3X YoY To INR 120 Cr

HealthKart, backed by Temasek, reported a significant increase in net profit, surging 3x to INR 120 crore in FY25, ending March 31, 2025. The ecommerce startup's profit before tax rose 158% year-on-year to INR 94.9 crore, with a major part of revenue being its product sales, exceeding INR 1,000 crore. Its total income, including other earnings of INR 55.7 crore, reached INR 1,368.3 crore, marking a successful fiscal year.

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Healthkart’s revenue nears Rs 1,400 Cr in FY25; profit triples

Entrackr

Entrackr · 4d ago

Healthkart’s revenue nears Rs 1,400 Cr in FY25; profit triples

Healthkart’s revenue nears Rs 1,400 Cr in FY25; profit triples HealthKart, a nutrition and supplement e-commerce platform, recorded a 3X year-on-year jump in profit after turning profitable in FY24. The Gurugram-based company’s sharp profit growth was steered by strong sales momentum and a controlled cost structure. Healthkart’s operating revenue grew 29% to Rs 1,313 crore in FY25 from Rs 1,021 crore in FY24, according to its consolidated financial statement sourced from the Registrar of Companies (RoC). HealthKart owns and manufactures eight nutritional brands including popular supplement brands like MuscleBlaze, The Protein Zone, TrueBasics, HKVitals, bGreen, Nouriza, and Gritzo. Sales of products formed 97% of total revenue which rose by 29% to Rs 1,277 crore in FY25. Collections from services also increased by 16% to Rs 36 crore. Notably, non-operating revenue increased to Rs 55 crore in the last fiscal year from Rs 48 crore in FY24. The cost of materials accounted for the largest share of the company’s expenditure at 49%. To the tune of scale, this cost rose 26% to Rs 623 crore in FY25 from Rs 495 crore in FY25. Advertising spend saw a sharper rise of 39% to Rs 263 crore, while commission expenses increased 22% to Rs 82 crore. In contrast, employee benefit costs declined 5% to Rs 115 crore. Overall, Healthkart managed to keep its cost growth below revenue expansion. Its total expenses rose 23% to Rs 1,273 crore in FY25 from Rs 1,032 crore in FY24. The company’s profit surged over 3X to Rs 120 crore in FY25, while its ROCE and EBITDA margin improved to 5.45% and 6.02%, respectively. On a unit basis, Healthkart spent Re 0.97 to earn a rupee of operating revenue in FY25, compared to Rs 1.01 in FY24. As of FY25, its current assets stood at Rs 971 crore including Rs 73 crore in cash and bank balances. According to startup data intelligence platform TheKredible, Healthkart has raised a total of $382 million of funding till date, having Peak XV Partners, Temasek and Sofina as its lead investors. The company’s founder and CEO, Sameer Maheshwari owns 12% of the company.

Avanse’s Net Profit Surges 47% To INR 502 Cr In FY25

Inc42 · 2m ago

Avanse’s Net Profit Surges 47% To INR 502 Cr In FY25

Avanse Financial Services, a fintech NBFC focused on education, reported a 46.6% increase in consolidated net profit, reaching INR 502 crore for FY25, compared to INR 342.4 crore in the previous year. The company's revenue from operations grew by 36% to INR 2,347 crore from INR 1,727 crore in FY24. Asset under management increased to INR 18,985 crore, while loan disbursements rose by 9% to INR 6,914 crore.

Justdial Q3 Results: Profit surges 22% YoY to INR 92 Cr, revenue rises to INR 265 Cr

Inc42 · 1y ago

Justdial Q3 Results: Profit surges 22% YoY to INR 92 Cr, revenue rises to INR 265 Cr

Hyperlocal search engine, Justdial, witnessed a 22.3% YoY increase in consolidated net profit to INR 92 Cr in Q3 FY24. The company reported a net addition of 1.4 Mn active listings, bringing the total to 41.6 Mn. Operating revenue grew by 19.7% to INR 265 Cr in the same quarter. Justdial's expenses stood at INR 218.9 Cr, while employee benefit expenses increased 6.6% YoY to INR 178.5 Cr. The number of unique visitors rose to 165.9 Mn, with a majority of traffic coming from mobile devices.

IPO-Bound Meritto's FY25 Profits Surges 50X To INR 2 Cr

Inc42 · 1m ago

IPO-Bound Meritto's FY25 Profits Surges 50X To INR 2 Cr

Meritto, formerly NoPaperForms, reported a net profit of INR 1.9 Cr for FY25, marking a 50-fold increase from INR 4 Lakh in FY24, driven by a revenue increase of 31% to INR 92.3 Cr. Backed by Info Edge Ventures, this was Meritto's first profitable year, and the company is planning a INR 600 Cr IPO soon. Including an additional income of INR 3.5 Cr, Meritto’s total income rose 30% to INR 95.8 Cr.

EV Startup Pure EV’s FY25 PAT Surges To INR 2.5 Cr

Inc42 · 2d ago

EV Startup Pure EV’s FY25 PAT Surges To INR 2.5 Cr

Pure EV, an electric vehicle startup, reported a significant increase in profit after tax (PAT) for FY25, reaching INR 2.5 crore, up from INR 5 lakh in the previous year. Their operating revenue grew by 9% to INR 134.9 crore, with vehicle sales contributing over 90% of this figure. Including other income, their total income stood at INR 137.4 crore, highlighting the company's substantial growth in the fiscal year.

HealthKart’s FY23 Sales Surge 70% To Cross INR 800 Cr Mark, Loss Halves

Inc42 · 1y ago

HealthKart’s FY23 Sales Surge 70% To Cross INR 800 Cr Mark, Loss Halves

HealthKart, an online health marketplace, saw a 70% increase in sales to INR 832.4 Cr ($111.7 million) in FY23. The company also managed to reduce its net loss by half to INR 164.7 Cr ($22 million). HealthKart primarily generates revenue through its website, ecommerce platforms, and offline stores. The startup's biggest expense was procurement cost, followed by employee benefits and advertising expenses. HealthKart is now in talks to raise $100 Mn-$150 Mn from ChrysCapital in a secondary transaction. It counts Sofina Ventures, Peak XV Partners, and Intel Capital among its investors.

upGrad’s FY23 loss surges to INR 1,141.5 Cr on goodwill writedown of INR 410 Cr

Inc42 · 1y ago

upGrad’s FY23 loss surges to INR 1,141.5 Cr on goodwill writedown of INR 410 Cr

Indian edtech startup upGrad reported a net loss of INR 1,141.5 crore ($153 million) in fiscal year 2022-23, a 76% increase from the previous year. The company's operating revenue reached INR 1,169.6 crore ($157 million), a 97% YoY increase. However, the bottom line was impacted by a goodwill writedown of INR 410 crore ($55 million) due to unsuccessful acquisitions. upGrad recently entered the unicorn club and has raised over $600 million in funding to date.

Info Edge posts Rs 791 Cr revenue in Q1 FY26; profit surges 32%

Entrackr

Entrackr · 3m ago

Info Edge posts Rs 791 Cr revenue in Q1 FY26; profit surges 32%

Info Edge, the parent company of Naukri and 99acres, reported a 17% growth in operating revenue in the first quarter of the ongoing fiscal year (Q1 FY26), while its profit increased by 32%. The Noida-based company’s operating revenue rose to Rs 791 crore in Q1 FY26 from Rs 677 crore in Q1 FY25, according to documents sourced from the National Stock Exchange (NSE). On a quarter-on-quarter basis, Info Edge’s operating revenue rose 5.5% to Rs 791 crore in Q1 FY26 from Rs 750 crore in Q4 FY25. Info Edge derives the majority of its revenue from Naukri.com, which contributed Rs 562 crore in the quarter ending June 2025, a 15% year-on-year growth compared to Q1 FY25. Meanwhile, revenue from 99acres reached Rs 111 crore, while Jeevansathi and Shiksha contributed Rs 34 crore and Rs 50 crore, respectively, during the same quarter. The company added another Rs 213 crore from interest on deposits and investment which pushed its overall revenue to Rs 1,004 crore in Q1 FY26. On the expense side, Info Edge spent 58% of its overall expenditure on employee benefits, which increased 12% year-on-year to Rs 327 crore in Q1 FY26. Its advertising and internet costs stood at Rs 127 crore and Rs 22 crore, respectively. The company’s overall cost grew 16% YoY to Rs 564 crore in Q1 FY26 from Rs 485 crore in Q1 FY25. Info Edge’s profit grew by 32% to Rs 343 crore in Q1 FY26, compared to Rs 259 crore in Q1 FY25. Its EBITDA stood at Rs 468 crore in the same period. As of 2:22 PM (Friday, August 8), Info Edge is trading at Rs 1,333.5, down 2% from today’s opening price. The firm’s market capitalization stands at Rs 86,277 crore ($9.8 billion).

Info Edge Q3: PAT Jumps 157% YoY To INR 119.4 Cr

Inc42 · 1y ago

Info Edge Q3: PAT Jumps 157% YoY To INR 119.4 Cr

Online classifieds major Info Edge reported a 157% YoY increase in consolidated net profit to INR 119.4 Cr in Q3 FY24. The growth was largely due to an exceptional loss of INR 411.8 Cr in the year-ago quarter. Despite this, total revenue declined by nearly 32% YoY to INR 659.8 Cr, primarily due to a drop in other income. Info Edge's online recruitment platform Naukri.com saw a 3.6% YoY increase in revenue, while its real estate portal 99acres.com recorded a 12.1% YoY growth.

Veefin H1: Profit Doubles YoY To INR 8 Cr

Inc42 · 4d ago

Veefin H1: Profit Doubles YoY To INR 8 Cr

Veefin Solutions reported a significant financial growth for the first half of FY26. Its net profit doubled to INR 8.2 crore from INR 4.1 crore in the previous year. Although this was a 32% decrease from H2 FY25's INR 12.1 crore, its operating revenue increased 5.75 times, rising to INR 110 crore from INR 19 crore in H1 FY25, marking an 85% increase from the previous half's INR 59.5 crore. Total expenses also rose 5.7 times to INR 100.9 crore.

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