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Go Digit reports flat growth in Q2 FY25, profit soars 3.2X

EntrackrEntrackr · 1y ago
Go Digit reports flat growth in Q2 FY25, profit soars 3.2X
Medial

Go Digit General Insurance Limited reported modest financial performance, with its operating revenue (net premium) increasing by 3.7% to Rs 1,891 crore in Q2 FY25 from Rs 1,824 crore in Q1 FY24. During the period, the firm’s gross premium witnessed an 11% dip. Net premiums written also saw a dip of 5% this quarter, reaching Rs 1,927 crore in Q2 FY25 compared to Rs 1,821 crore in the same quarter last year, according to its quarterly results reported on the NSE. Additionally, income from investments grew significantly, reaching Rs 284 crore in Q2 FY25, compared to Rs 211 crore in the same quarter of FY24, driven by a stronger investment portfolio performance. Total income for Q2 FY25 stood at Rs 2,175 crore, up from Rs 1,868 crore in the corresponding quarter of the previous year, showcasing overall financial growth for the company during this period. Go Digit experienced rising expenses in Q2 FY25, including commissions and brokerage costs, which amounted to Rs 572 crore, up from Rs 533 crore in Q2 FY24. Employee benefits also saw an increase, with expenses totaling Rs 90.5 crore in Q2 FY25. Moreover, operating expenses related to business development, sales promotion, and other operations grew significantly, and stood at Rs 132 crore in Q2 FY25. These increases contributed to the overall rise in the firm's expenses during the quarter. In terms of claims, the company paid out Rs 851 crore in claims during Q2 FY25, up from Rs 763 crore in Q2 FY24. There was also a change in outstanding claims, with an increase to Rs 483 crore in Q2 FY25 compared to Rs 315 crore in Q2 FY24. Despite the higher income, the underwriting loss for Q2 FY25 was Rs 244.83 crore, a slight increase from Rs 219.33 crore in the previous year. At the end, GoDigit’s profit surged 3.2X to Rs 89 crore during the quarter ending September 2024 as compared to the same quarter in FY24.

Ixigo ends Q2 FY25 with Rs 206 Cr revenue and Rs 13 Cr PAT

EntrackrEntrackr · 1y ago
Ixigo ends Q2 FY25 with Rs 206 Cr revenue and Rs 13 Cr PAT
Medial

Online travel aggregator (OTA) Ixigo’s revenue from operations grew 26% to Rs 206.47 crore in Q2 FY25 as compared to the same quarter of FY24. The growth was steered by the flight and bus segment. The flight gross transaction value grew by 43% YoY, while the bus GTV increased by 46%. The company’s contribution margin also improved by 24% to Rs 91.08 crore in Q2 FY25, compared to Rs 73.67 crore in Q2 FY24, the company said in a stock exchange filing. However, the contribution margin as a percentage of revenue from operations slightly decreased from 45% in Q2 FY24 to 44% in Q2 FY25. The Gurugram-based company generated the majority (53.5%) of its operating revenue from train ticketing amounting to Rs 110.4 crore in Q1 FY25. Flight and bus booking services contributed 27% and 19.3% to the company’s coffers, respectively. The firm’s operating expenses rose in Q2 FY25, reflecting increased investments in growth. Employee expenses and marketing costs contributed to this spike, which was necessary to support the company’s expansion in user acquisition and market penetration. Despite the rise in costs, EBITDA saw a sharp increase of 655%, reaching Rs 22.4 crore in Q2 FY25, compared to Rs 2.96 crore in Q2 FY24. Adjusted EBITDA also jumped 326% to Rs 20.99 crore in Q2 FY25. Ixigo profit after tax (PAT) declined by 51%, from Rs 26.70 crore in Q2 FY24 to Rs 13.08 crore in Q2 FY25. This decline was primarily due to a deferred tax charge of Rs 5.26 crore in Q2 FY25.

Infibeam crosses Rs 1,000 Cr revenue threshold in Q2 FY25

EntrackrEntrackr · 12m ago
Infibeam crosses Rs 1,000 Cr revenue threshold in Q2 FY25
Medial

Digital payments firm Infibeam's operating revenue grew by 29.19% during the quarter ending September 2024. Moreover, the Ahmedabad-based company’s profit also increased 16.45% in Q2 FY25. Infibeam Avenues’s revenue from operations spiked to Rs 1,016.65 crore in Q2 FY25 from Rs 786.97 crore in Q2 FY24, its unaudited consolidated financial statements from Bombay Stock Exchange (BSE) show. Payment business accounted for 95.7% of its total collection which increased by 31.82% to Rs 973.34 crore in Q2 FY25. Meanwhile, there was a 10.81% decline in e-commerce platform business, which fell to Rs 43.31 crore. The company recorded a total revenue of 1,020.19 crore in Q2 FY25. Infibeam operates a diversified digital platform, with a primary focus on digital payments and e-commerce solutions. The company’s total expenses for Q2 FY25 rose by 30.41% to Rs 957.1 crore in Q2 FY25. Operating expenses was the largest contributor, rising by 29.98% to Rs 882.3 crore. Employee benefits increased by 10.86% to Rs 34.5 crore, while depreciation cost grew 3.64% to Rs 17.1 crore. The company also incurred Rs 23.2 crore on other undisclosed expenses. Infibeam’s profit after tax rose 16.495 to Rs 47.4 crore in Q2 FY25 from Rs 40.69 crore in the same period last year. Its ROCE and EBITDA margin stood at 1.62% and 7.96%, respectively. On a unit basis, the company spent Re 0.94 to earn a rupee of operating revenue in Q2 FY25. Infibeam competes with major players like Paytm, Razorpay, and PhonePe in the digital payments sector. At the end of today, its market cap stood at Rs 7,600 crore while the firm stock was trading at Rs 27.30.

Consumer-lending fintechs steal show with surging numbers

Economic TimesEconomic Times · 1y ago
Consumer-lending fintechs steal show with surging numbers
Medial

- Fintech firms in the consumer lending sector reported strong profits and revenue growth in the last financial year. - Navi, Kreditbee, Moneyview, and Fibe all experienced significant growth in assets under management (AUM) and reported net profits. - Navi built AUM of Rs 10,190 crore in personal loans with a net profit of Rs 669 crore in FY24. - Fibe achieved AUM of Rs 4,064 crore and reported a net profit of Rs 105 crore in FY24 by focusing on larger loans with longer tenures. - Moneyview reported a flat net profit of Rs 171 crore in FY24 due to regulatory changes, while Kreditbee reported a net profit of Rs 285 crore. - The current fiscal year may show signs of slowdown due to increased regulatory scrutiny, but larger fintech startups are expected to remain in a better position. - Consolidation is expected in the digital lending sector as scaling fintech startups acquire market share and form partnerships.

Go Digit posts Rs 2,088 Cr revenue in Q2 FY26, PAT spikes 30%

EntrackrEntrackr · 14d ago
Go Digit posts Rs 2,088 Cr revenue in Q2 FY26, PAT spikes 30%
Medial

Go Digit General Insurance Limited reported steady growth in the second quarter of FY26, with operating revenue (net premium) rising 10% to Rs 2,088 crore from Rs 1,891 crore in Q2 FY25. Its profit also grew 30%, crossing the Rs 100 crore threshold during the quarter. Net premiums written also saw a rise of 9% this quarter to Rs 2,109 crore in Q2 FY26 compared to Rs 1,928 crore in the same quarter last year, according to its quarterly results reported on the NSE. The firm’s income from investments grew significantly to Rs 320 crore in Q2 FY26, compared to Rs 284 crore in the second quarter of FY26, steered by a stronger investment portfolio performance. In the end, its total income for Q2 FY26 stood at Rs 2,408 crore, against Rs 2,175 crore in the corresponding quarter of the previous year. Go Digit experienced rising expenses in Q2 FY26, including commissions and brokerage costs, which amounted to Rs 603 crore. These expenses stood at Rs 573 crore in Q2 FY25. Employee benefits also saw a slight increase, with expenses totaling Rs 91.5 crore in Q2 FY26. These increases contributed to the overall 10% rise in the firm's expenses during the quarter to Rs 2,334 crore. In terms of claims, the company paid out Rs 1,098 crore in claims during Q2 FY26 against Rs 851 crore in Q2 FY25. There was also a change in outstanding claims, decreasing to Rs 426 crore in Q2 FY26 compared to Rs 483 crore in Q1 FY25. The company’s PAT (Profit after Tax) increased by 30% to Rs 116.5 crore in Q2 FY26 from Rs 89.5 crore in Q2 FY26. For the half year, the company’s profit rose 34% to Rs 255 crore in H1 FY26 from Rs 191 crore in H1 FY25. At the end of the day, Go Digit’s share price was trading at Rs 363.75 per share, giving the company a total market capitalization of Rs 33,586 crore ($3.8 billion).

Ixigo revenue rises 37% to Rs 283 Cr in Q2 FY26

EntrackrEntrackr · 13d ago
Ixigo revenue rises 37% to Rs 283 Cr in Q2 FY26
Medial

Ixigo revenue rises 37% to Rs 283 Cr in Q2 FY26 Online travel platform ixigo (Le Travenues Technology Ltd) reported strong year-on-year growth in revenue during the second quarter of FY26, though higher expenses dragged the company into a small loss for the period. The company’s revenue from operations grew 37% year-on-year to Rs 283 crore in Q2 FY26 from Rs 206.5 crore in the same quarter last year, according to its consolidated financial statements filed with the stock exchanges. Its total income rose to Rs 288 crore from Rs 211 crore a year earlier. The Gurugram-based company generated the largest share (43%) of its operating revenue from train ticketing, which rose to Rs 123 crore in Q2 FY26 from Rs 110 crore in Q2 FY25. Flight and bus booking services contributed 31% and 23% to the company’s revenue, respectively. On the expense front, ixigo’s total costs increased 52% YoY to Rs 290.4 crore in Q2 FY26 from Rs 191.5 crore in Q2 FY25. This included employee benefit expenses of Rs 74.2 crore (up from Rs 38.7 crore) and other expenses of Rs 212.3 crore (up from Rs 149.9 crore). As a result, the company reported a pre-tax loss of Rs 4 crore during the quarter, compared to a profit of Rs 18.3 crore in Q2 FY25. Its net loss stood at Rs 3.5 crore against a profit of Rs 13.1 crore in the year-ago period. For the first half of FY26, ixigo posted revenue of Rs 597.2 crore, up 54% from Rs 388.3 crore in H1 FY25. However, its net profit fell to Rs 15.5 crore from Rs 27.9 crore in the corresponding period last year, reflecting higher operating costs. As of September 30, 2025, the company’s total assets stood at Rs 989 crore, including cash and cash equivalents of Rs 138.8 crore. During the quarter, ixigo also entered into a share subscription agreement with MIH Investments One B.V. for the proposed preferential allotment of up to 4.63 crore equity shares at Rs 280 per share, amounting to Rs 1,295.5 crore, subject to shareholder approval. At the close of trading on Wednesday, Ixigo’s shares were priced at Rs 325, giving the online travel aggregator a market capitalization of Rs 12,686 crore.

Blackbuck records Rs 29 Cr profit on Rs 151 Cr revenue in Q2 FY26

EntrackrEntrackr · 6d ago
Blackbuck records Rs 29 Cr profit on Rs 151 Cr revenue in Q2 FY26
Medial

Blackbuck records Rs 29 Cr profit on Rs 151 Cr revenue in Q2 FY26 Blackbuck has released its financial report for the second quarter of the ongoing financial year ending September 2025. The Bengaluru-based company reported a 52.5% year-on-year growth in scale in Q2 FY26 and posted a profit of Rs 29 crore in the quarter. Blackbuck's revenue from operations grew to Rs 151 crore in Q2 FY26 from Rs 99 crore in Q2 FY25, its financial statements sourced from the National Stock Exchange (NSE) show. On a quarter-on-quarter basis, Blackbuck’s operating revenue increased 5.6% from Rs 143 crore in Q1 FY26. The company’s gross transaction value (GTV) stood at Rs 6778.3 crore in the same quarter. On a half-yearly basis, the company’s revenue increased by 54.5% to Rs 295 crore in H1 FY26 as compared to Rs 191 crore in H1 FY25. Revenue from its truck operator services was the primary source of revenue, accounting for 98% of total operating revenue. The company also made Rs 17 crore from interest income which took its overall revenue to Rs 168 crore in Q2 FY26, compared to Rs 104 crore in Q2 FY25. Looking at the expenses, the employee benefit cost accounted for 33% of the overall expenditure which increased by 6% year-on-year to Rs 42 crore in Q2 FY26 from Rs 39.5 crore in Q2 FY25. Deprecation and other operating expenses were key overheads that drove total expenditure to Rs 128 crore in Q2 FY26, compared to Rs 92 crore in the same quarter last year. Blackbuck registered a profit of Rs 29 crore in Q2 FY26, as compared to a loss of Rs 269 crore in Q2 FY25. On a quarterly basis, the company’s profit fell 54% from Rs 63 crore in Q1 FY26. For the six months ending September 2025, the company posted a profit of Rs 63 crore. At the end of the last trading session, Blackbuck’s share price stood at Rs 666.5, giving the company a market capitalization of Rs 12,045 crore ($1.3 billion).

Ola Electric’s revenue declines 26% Q-o-Q to Rs 1,214 Cr, losses up 43%

EntrackrEntrackr · 1y ago
Ola Electric’s revenue declines 26% Q-o-Q to Rs 1,214 Cr, losses up 43%
Medial

Electric two-wheeler manufacturer Ola Electric recorded a 26% decline in its operating revenue to Rs 1, 214 crore in Q2 FY25 when compared to Rs 1,644 crore in Q1 FY25. However, the firm registered 39% year-on-year increase in revenue from Rs 873 crore in Q2 FY24. In a shareholders letter, the company attributed the year-on-year growth to a 73.6% rise in deliveries, which reached 98,619 units during Q2 FY25. Revenue from its automotive segment stood at Rs 1,215 crore, while the cell segment contributed Rs 1 crore. The firm also registered Rs 100 crore from other income which brought its total income to Rs 1,314 crore in Q2 FY25. Cost of materials was the largest burn for the Bhavish Aggarwal-led firm which jumped 46.6% to Rs 1,072 crore from Rs 731 crore in Q2 FY24. On a quarterly basis, the cost declined by 18% from Rs 1,311 crore in Q1 FY25. During Q2 FY25, employee benefits expenses stood at Rs 139 crore while other expenses, including operational and administrative costs, contributed Rs 465 crore. The firm’s total expenses for Q2 FY25 stood at Rs 1,593 crore, a 21.8% surge from Rs 1,308 crore in Q2 FY24. When compared on a sequential basis, the total expenses decreased by 13.8% from Rs 1,849 crore in Q1 FY25. Overall, the company posted a net loss of Rs 495 crore, a 42.65% increase from Rs 347 crore in the previous quarter (Q1 FY25). The losses were down by 5.5% year-on-year from Rs 524 crore in Q2 FY24. Among the venture funded companies, Ola Electric’s closest competitor Ather posted Rs 339 crore of revenue with a net loss of Rs 183 crore in Q1 FY25. Its Q2 results are yet to be announced. The Tarun Mehta-led firm also filed its draft IPO papers in September. After consecutive declines in market share, Ola Electric regained traction in October, with sales increasing during the festive period. The company sold 41,605 units in October, which helped its market share climb to 30% in the last month from 27% in September. However, this figure remains lower than its earlier market shares, which were 32% in August, 39% in July, and 49% in June. At the closure of stock exchange on November 8, Ola Electric’s shares were trading at Rs 72.72, nearly 54% below its peak of Rs 157.53 in mid-August.

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