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Unicommerce investors made over 2X return on opening day

EntrackrEntrackr ยท 1y ago
Unicommerce investors made over 2X return on opening day
Medial

Unicommerce, the e-commerce SaaS platform, made an impressive stock market debut, opening at Rs 235 per shareโ€”a 2.18X premium over its IPO price band of Rs 108. The Gurugram-based firm launched an IPO of Rs 276 crore, open to the public from August 2 to August 6, with a price band of Rs 102-108 per share. Unicommerceโ€™s popularity is evident in its oversubscription rate, which soared over 168 times. Companies like Unicommerce will be setting examples for mid-stage SaaS companies which do not have such high valuations but strong fundamentals that are enough to attract a large investor base. Recommended read: Unicommerce IPO interest paves way for small, profitable startups to go public. According to the National Stock Exchange, the company touched its highest of Rs 256 per share and is currently trading at Rs 219 (as of 13.55 today). Unicommerce reported a revenue of Rs 104 crore in the fiscal year ending March 2024, with a profit of Rs 13 crore. The company is yet to file its quarterly results for the first quarter of the ongoing fiscal year (FY25).

Bluestone posts first-ever profit in Q3 FY26; revenue climbs to Rs 749 Cr

EntrackrEntrackr ยท 18d ago
Bluestone posts first-ever profit in Q3 FY26; revenue climbs to Rs 749 Cr
Medial

Fintrackr All Stories Bluestone posts first-ever profit in Q3 FY26; revenue climbs to Rs 749 Cr Bluestone has announced its financial results for the third quarter of the ongoing fiscal year (Q3 FY26) on Thursday. The firmโ€™s revenue grew by 28% year-over-year, while the company achieved profitability during the same period. Revenue from operations increased to Rs 749 crore in Q3 FY26, compared to Rs 587 crore in Q3 FY25, as per its financial statements sourced from the National Stock Exchange (NSE). On a nine-month basis, operating revenue increased by 34% to Rs 1,755 crore from Rs 1,309 crore a year earlier. The sale of diamond, gold, platinum, gemstone, and pearl jewelry was the sole source of revenue. However, the firm did not provide a detailed revenue breakdown. The company also made Rs 10 crore from non-operating sources, taking total revenue to Rs 759 crore in the first quarter. The cost of materials remained the largest cost center for the company, accounting for 59% of its total expenditure. This expense increased by 11% year-on-year, rising to Rs 409 crore in Q3 FY26 from Rs 369 crore in Q3 FY25. Employee benefits rose 22% to Rs 73 crore in Q3 FY26. Overall, total costs grew by approximately 10%, reaching Rs 689 crore in Q3 FY26. The growth momentum and controlled expenses helped the company to gain profitability. The company posted a profit of Rs 69 crore in Q3 FY26 as compared to a loss of Rs 3 crore in Q3 FY25. However, for the nine-month period ending December 2026, the companyโ€™s losses stood at Rs 18 crore. BlueStone has approved a Rs 25 crore capital infusion into its subsidiary Ethereal House through subscription of Series A2 compulsorily convertible preference shares. The funds will be used for working capital and business expansion, with BlueStoneโ€™s stake capped at 74%. Bluestone launched its initial public offering (IPO) in August 2025, with a price band set between Rs 492 and Rs 517 per share. The stock made its market debut on 19 August 2025 at Rs 510, reflecting a slight 1.3 % discount from its issue price of Rs 517. At the end of todayโ€™s trading session, Bluestoneโ€™s share traded at Rs 474, with the companyโ€™s total market capitalization standing at Rs 7,175 crore (approx $783 million).

Amazon rallies on cloud optimism as it chases Microsoft for AI business

Economic TimesEconomic Times ยท 2y ago
Amazon rallies on cloud optimism as it chases Microsoft for AI business
Medial

Amazon's stock surged by 7% due to a boost in growth in its highly profitable cloud business, as the company aims to capture a larger share of the growing artificial intelligence market, putting it in competition with Microsoft. Amazon's CEO, Andy Jassy, announced the cloud business was stabilizing, and large expansions with existing customers and new agreements were expected to drive growth in the final quarter. Amazon's shares have rallied about 40% this year, despite a recent 8% drop following Alphabet's warning of reduced cloud spending by customers. In the July-September period, Amazon posted its first quarter-on-quarter increase in cloud growth in nearly two years, with 12.3% growth in AWS. Although AWS growth was slower than Microsoft's Azure cloud business, it still remains larger overall. Amazon is looking to catch up in the AI race with investments and services, including a $4 billion investment in chatbot-maker Anthropic and its Bedrock AI service.

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