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Ideaforge revenue nosedives 85% in Q1 FY26

EntrackrEntrackr · 13d ago
Ideaforge revenue nosedives 85% in Q1 FY26
Medial

Fintrackr All Stories Ideaforge revenue nosedives 85% in Q1 FY26 Drone maker ideaForge Technologies reported a sharp decline in its topline during the quarter ended June 2025, as revenue from operations fell over 85% year-on-year to Rs 12.78 crore Kunal Manchanada 22 Jul 2025 23:09 IST Drone maker ideaForge Technologies reported a sharp decline in its topline during the quarter ended June 2025, as revenue from operations fell over 85% year-on-year to Rs 12.78 crore from Rs 86.4 crore in Q1 FY25. The company also recorded a net loss of Rs 21.7 crore compared to a profit of Rs 1.9 crore in Q1 FY25. The revenue drop was due to a high base in Q1 last year, when IdeaForge had delivered large defence and institutional orders. This quarter saw fewer such deliveries, though gross margin improved to 61.7% on the back of a better product mix. According to the filings, EBITDA margin worsened to -118.5% in Q1 FY26 from -85.7% in the previous quarter, while PAT margin slipped to -184.3% from -126.5% in Q4 FY25. The decline was primarily driven by a sharp fall in revenue, even as overall expenses remained largely unchanged. Despite the weak financials, IdeaForge secured a Rs 137 crore order from the Indian Army during the quarter as part of emergency procurement. The company also highlighted its participation in defence operations like Operation Sindoor, where its drones were deployed in active surveillance missions. “The quarter reinforced ideaForge’s resilience in both tech and business,” said Ankit Mehta, CEO and whole-time director. He pointed to upcoming policy tailwinds, including the Rs 40,000 crore Emergency Procurement push, Rs 1 lakh crore RDI fund, and expected PLI rollout, as key enablers for the drone ecosystem. Founded in 2007, Mumbai-based ideaForge went public in 2023 and counts institutional investors like Qualcomm Ventures and Infosys among its backers. IdeaForge closed the market at Rs 542 today with a total market capitalization of Rs 2,342 crore (approximately $275 million).

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PB Fintech posts Rs 1,348 Cr revenue in Q1 FY26; profit increases 42%

EntrackrEntrackr · 4d ago
PB Fintech posts Rs 1,348 Cr revenue in Q1 FY26; profit increases 42%
Medial

PB Fintech posts Rs 1,348 Cr revenue in Q1 FY26; profit increases 42% PB Fintech, the parent company of online insurance aggregator and brokerage platform PolicyBazaar, has released its financial results for the first quarter of the ongoing fiscal year (Q1 FY26). The company reported a 33% growth in scale, while its year-on-year (YoY) profits increased by 42% during the same period. PolicyBazaar’s revenue from operations surged 33% to Rs 1,348 crore in Q1 FY26 in contrast to Rs 1,011 crore in Q1 FY25, as per the firm’s financial results sourced from the National Stock Exchange (NSE). The Gurugram-based company generated the largest share (88%) of its operating revenue from insurance broker services, which rose to Rs 1,187 crore in Q1 FY26 from Rs 845 crore in Q1 FY25. Besides operating revenue, the firm also earned Rs 99 crore via interest and gains from financial assets during the quarter which took its total topline to Rs 1,447 crore in the quarter ending June 2025. PolicyBazaar has not provided a detailed breakdown of expenses in its quarterly financial statements. However, employee benefits expenses rose by 23% YoY to Rs 560 crore. Overall, the company's total costs grew 25% to Rs 1,356 crore in Q1 FY26 compared to Rs 1,081 crore in Q1 FY25. PolicyBazaar's net profits surged 42% to Rs 85 crore in Q1 FY26 from Rs 60 crore in Q1 FY25. At the end of the day, PolicyBazaar traded at Rs 1,808 with a total market capitalization of Rs 83,033 crore (approximately $9.5 billion).

TBO Tek posts Rs 511 Cr revenue in Q1 FY26 with flat profits

EntrackrEntrackr · 1d ago
TBO Tek posts Rs 511 Cr revenue in Q1 FY26 with flat profits
Medial

TBO Tek has announced its quarterly results, recording a 22% year-on-year increase in its revenue while its profits remained flat during the first quarter of the ongoing fiscal year Q1 FY26. TBO’s operating revenue increased by 22% to Rs 511 crore in Q1 FY26 from Rs 418 crore in Q1 FY25, its unaudited financial statements sourced from the National Stock Exchange (NSE) show. Income from booking of hotels and packages accounted for 83% of TBO’s revenue which increased 32% year-on-year to Rs 423 crore in Q1 FY26 from Rs 321 crore in Q1 FY25. Meanwhile, income from air ticketing and other allied services brought Rs 78 crore and Rs 10 crore to the firm’s topline. Since hotels and packages were the largest revenue source, the service fees associated with them naturally became the biggest cost center, accounting for 39% of the total expenditure, which amounted to Rs 178 crore in Q1 FY26. Its employee benefits stood at Rs 103 crore in the last quarter. Overall, the total cost was up by 27% to Rs 456 crore in Q1 FY26 from Rs 358 crore in Q1 FY25. TBO Tek posted a marginal 3% increase in its profits to Rs 63 crore in Q1 FY26 from Rs 61 crore in Q1 FY25.

Zomato’s parent Eternal posts Rs 7,167 Cr revenue in Q1 FY26, profit falls 90%

EntrackrEntrackr · 15d ago
Zomato’s parent Eternal posts Rs 7,167 Cr revenue in Q1 FY26, profit falls 90%
Medial

Fintrackr All Stories Zomato’s parent Eternal posts Rs 7,167 Cr revenue in Q1 FY26, profit falls 90% Eternal released its financial results for the first quarter of FY26 on Monday. The Gurugram-based company reported a 90% fall in profit for the quarter ending June 2025. Eternal’s revenue from operations grew 70% to Rs 7,167 crore in Q1 FY26 in contrast to Rs 4,206 crore in Q1 FY25, as per the firm’s consolidated financial results sourced from the National Stock Exchange (NSE). Eternal operates several business units, including a food marketplace, Hyperpure, and a quick commerce platform, BlinkIt. Income from Eternal’s food delivery business contributed 31% of the total revenue in Q1 FY26, growing 16% to Rs 2,261 crore from Rs 1,942 crore in Q1 FY25. Revenue from Hyperpure (B2B supplies) and the quick commerce segment (Blinkit) saw significant growth, rising 89% to Rs 2,295 crore and 155% to Rs 2,400 crore, respectively, during the first quarter of FY26. Earnings from the 'Going-out' segment and other non-operating income brought the Eternal Group’s total revenue to Rs 7,521 crore in Q1 FY26. On the cost side, Delivery and related charges accounted for 25% of Eternal's total expenditure, at Rs 1,869 crore in Q1 FY26. Employee benefit cost rose 57% to Rs 830 crore while spending on advertising and marketing increased by 69% to Rs 671 crore in Q1 FY26. Overall, the company’s overall expenditure increased by 77% to Rs 7,433 crore in Q1 FY26, up from Rs 4,203 crore in Q1 FY25. The 70% surge in advertising led the company's profit to fall by 90% to Rs 25 crore in Q1 FY26 from Rs 253 crore in Q1 FY25. On a per-unit basis, the Gurugram-based company spent Rs 1.04 to earn every rupee of revenue during the quarter ending March 2025. At 15:37 on Monday (July 21), Eternal’s shares were priced at Rs 274, giving the foodtech platform a market capitalization of Rs 2,64,564 crore (approximately $31.2 billion).

Blackbuck posts Rs 144 Cr revenue in Q1 FY26, profit grows 17%

EntrackrEntrackr · 2h ago
Blackbuck posts Rs 144 Cr revenue in Q1 FY26, profit grows 17%
Medial

Blackbuck has released its financial report for the first quarter of the ongoing financial year ending March 2026. The Bengaluru-based company reported a 57% year-on-year growth in scale in Q1 FY26 and posted a profit of Rs 34 crore in the quarter. Blackbuck's revenue from operations grew to Rs 144 crore in Q1 FY26 from Rs 92 crore in Q1 FY25, its financial statements sourced from the National Stock Exchange show. On a quarter-on-quarter basis, Blackbuck’s operating revenue increased 18% to Rs 144 crore in Q1 FY26 from Rs 122 crore in Q4 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 16 crore from interest income which took its overall revenue to Rs 160 crore in Q1 FY26, compared to Rs 98 crore in Q1 FY25. Looking at the expenses, the employee benefit cost accounted for 32% of the overall expenditure which fell 5% year-on-year to Rs 37 crore in Q1 FY26 from Rs 39 crore in Q1 FY25. Deprecation and other operating expenses were key overheads that drove total expenditure to Rs 114 crore in Q1 FY26, compared to Rs 92 crore in the same quarter last year. Blackbuck’s net profit increased 17% to Rs 34 crore in Q1 FY26, as compared to Rs 29 crore in Q1 FY25. Blackbuck debuted on the stock exchange at Rs 208.90 and is now trading at Rs 481.85 (at 15:26 PM), bringing its total market capitalization to Rs 8,670 crore ($1 billion).

Paytm posts Rs 1,918 Cr revenue and Rs 123 Cr profit in Q1 FY26

EntrackrEntrackr · 14d ago
Paytm posts Rs 1,918 Cr revenue and Rs 123 Cr profit in Q1 FY26
Medial

Fintech firm Paytm announced its financial results for the first quarter of the ongoing fiscal year (Q1 FY26) on Tuesday. The Noida-based company reported a revenue of Rs 1,918 crore and a net profit of Rs 123 crore for the period. According to Paytm’s unaudited quarterly report filed with the National Stock Exchange, its revenue from operations increased by 28% year-on-year from Rs 1,501 crore in Q1 FY25 to Rs 1,918 crore in Q1 FY26. Paytm has not disclosed its revenue breakup. The company also added Rs 241 crore from other non-operating sources, bringing its overall revenue to Rs 2,159 crore in Q1 FY26. For the fintech firm, its employee benefits remained the largest cost center, accounting for 32% of the overall cost, which decreased by 33% to Rs 643 crore in Q1 FY26. Its payment processing charges increased by 12% to Rs 581 crore, and marketing expenses decreased by 55% to Rs 100 crore in Q1 FY26. Software, communication, legal, cashback, and other overheads took the total expenditure to Rs 2,016 crore in Q1 FY26 from Rs 2,476 crore in Q1 FY25. Paytm turned profitable and recorded a net profit of Rs 123 crore in Q1 FY26, in contrast to a loss of Rs 840 crore in Q1 FY25. As of July 22, Paytm’s share price rose 3.5% to Rs 1,053 with the total market capitalization standing at Rs 67,218 crore.

Swiggy posts Rs 4,961 Cr revenue in Q1 FY26, losses soar 96%

EntrackrEntrackr · 5d ago
Swiggy posts Rs 4,961 Cr revenue in Q1 FY26, losses soar 96%
Medial

Swiggy posts Rs 4,961 Cr revenue in Q1 FY26, losses soar 96% Foodtech and quick commerce major Swiggy has reported a 54% year-on-year growth in its operating revenue which spiked to Rs 4,961 crore during Q1 FY26 as compared to Rs 3,222 crore Q1 FY25. However, the Bengaluru-based company’s losses almost doubled in the same period. Scootsy Logistics contributed a major 46% of Swiggy’s overall operating collection. Income from this entity increased by 78% YoY to Rs 2,259 crore in Q1 FY26 from Rs 1,268 crore in Q1 FY25. Swiggy’s food delivery business continues to be one of the major contributors, accounting for 36% of the total collection in Q1 FY26. Revenues from this vertical grew 19% to Rs 1,800 crore from Rs 1,518 crore in Q1 FY25. The company’s quick commerce segment also saw remarkable growth, with revenue surging by 2X to Rs 806 crore in Q1 FY26 from Rs 374 crore in Q1 FY25. The segment's gross order value (GOV) growth was driven by an increase in order frequency and the addition of new dark stores. Swiggy’s Dine Out, Genie, Swiggy Mini and other non-operating income took its total revenue to Rs 5,048 crore in Q1 FY26. On the cost side, the procurement of FMCG products for supply chain distribution formed 33% of its overall cost which increased by 72% to Rs 2,064 crore in Q1 FY26. Meanwhile, the delivery charges saw 26% growth to Rs 1,313 crore in Q1 FY26. Swiggy spent Rs 686 crore and Rs 1,036 crore on employee benefits and advertising, respectively. Overall, Swiggy’s total expenses for the quarter increased 60% to Rs 6,244 crore from Rs 3,908 crore in Q1 FY25. The 60% growth in expenditure led losses to increase by 96% to Rs 1,197 crore in Q1 FY26 from Rs 611 crore in Q1 FY25. Recently Swiggy reshuffled its board as Sumer Juneja from SoftBank and Anand Daniel from Accel resigned from their roles as nominee directors on Swiggy’s board. Following these departures, Swiggy appointed Faraz Khalid, CEO of Middle East commerce platform noon, as an independent director. Swiggy shares were trading at Rs 404 at the end of Thursday with a total market capitalization of Rs 1,00,730 crore.

CarTrade posts Rs 173 Cr revenue in Q1 FY26, profit jumps 2X YoY

EntrackrEntrackr · 8d ago
CarTrade posts Rs 173 Cr revenue in Q1 FY26, profit jumps 2X YoY
Medial

CarTrade released its financial results for the first quarter of the ongoing fiscal year (Q1 FY26) on Monday. The company reported a 22% year-on-year revenue growth compared to Q1 FY25, with profit doubling in the same time period. CarTrade’s revenue from operations grew 22% to Rs 173 crore in Q1 FY26 in contrast to Rs 142 crore in Q1 FY25, as per the firm’s unaudited financial results sourced from the National Stock Exchange (NSE). The company’s total income for Q1 FY26 grew to Rs 199 crore, up from Rs 157 crore in Q1 FY25. The Mumbai-based company operates in three segments: Consumer, Remarketing, and Classifieds. Income from the consumer segment formed 38% of the total operating revenue which increased to Rs 66 crore in Q1 FY26 from Rs 51 crore in Q1 FY25. Income from the remarketing and classified segment stood at Rs 59 crore and Rs 48 crore, respectively, in the first quarter of the ongoing fiscal year. On the expense front, employee benefits expenses formed 53% of the overall spending which went up a modest 6% to Rs 75 crore during the period. Including other costs, CarTrade’s overall expenses increased 8% to Rs 142 crore in Q1 FY26 from Rs 23 crore during Q1 FY25. The decent growth and controlled spending enabled CarTrade to double its net profit to Rs 47 crore in Q1 FY26, compared to Rs 23 crore in Q1 FY25. CarTrade’s share price is trading at Rs 1,871 (as of 10:56 AM) with a total market capitalization of Rs 8,886 crore ($1.03 billion).

Go Digit’s revenue declines 17% in Q1 FY26, profit soars 46%

EntrackrEntrackr · 8d ago
Go Digit’s revenue declines 17% in Q1 FY26, profit soars 46%
Medial

Go Digit General Insurance Limited reported its operating revenue which decreased by 17% to Rs 1,865 crore in Q1 FY26 from Rs 2,247 crore in Q1 FY24. During the period, the firm’s gross premium witnessed a 12% hike. New Update: Go Digit General Insurance Limited reported adverse financial performance, with its operating revenue (net premium) decreasing by 17% to Rs 1,865 crore in Q1 FY26 from Rs 2,247 crore in Q1 FY24. During the period, the firm’s gross premium witnessed a 12% hike. Net premiums written also saw a dip of 4% this quarter, reaching Rs 1,951 crore in Q1 FY26 compared to Rs 2,027 crore in the same quarter last year, according to its quarterly results reported on the NSE. Additionally, income from investments grew significantly, reaching Rs 314 crore in Q1 FY26, compared to Rs 253 crore in the first quarter of FY26, driven by a stronger investment portfolio performance. Total income for Q1 FY26 stood at Rs 2,179 crore, up from Rs 2,077 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 Q1 FY26, including commissions and brokerage costs, which amounted to Rs 572 crore, up from Rs 514 crore in Q1 FY25. Employee benefits also saw an increase, with expenses totaling Rs 90 crore in Q1 FY26. These increases contributed to the overall rise in the firm's expenses during the quarter to Rs 2,058 crore. In terms of claims, the company paid out Rs 903 crore in claims during Q1 FY26 against Rs 718 crore in Q1 FY25. There was also a change in outstanding claims, with an increase to Rs 409 crore in Q1 FY26 compared to Rs 567 crore in Q1 FY25. Despite the higher income, the underwriting loss for Q1 FY26 was Rs 194 crore, a 15% increase from Rs 170 crore in the previous year. At the end, GoDigit’s profit surged 46% to Rs 121 crore during the quarter ending June 2025 as compared to the same quarter in FY24. At the end of the day, Go Digit’s share price was trading at Rs 349 per share, giving the company a total market capitalization of Rs 32,254 crore.

Mobikwik losses surge 6X in Q1 FY26

EntrackrEntrackr · 4d ago
Mobikwik losses surge 6X in Q1 FY26
Medial

Mobikwik losses surge 6X in Q1 FY26 Fintech platform MobiKwik reported its quarterly results for the first quarter of the ongoing fiscal year (FY26), with revenue declining 20.8% year-on-year and losses rising over six-fold. MobiKwik’s revenue from operations decreased by 20.8% to Rs 271 crore in Q1 FY26 from Rs 342 crore in Q1 FY25. Commissions on recharges, processing, and interest on servicing loans, payment gateways, as well as platform fees were the primary revenue sources for MobiKwik in Q1 FY26. The company has 180.2 million registered users and 4.64 million merchants at the end of the first quarter (FY26). For the payments platform, payment gateway costs accounted for the largest expense, making up 46% of the total cost of Rs 143 crore in Q1 FY26. Employee benefit expenses stood at Rs 42 crore, while lending fees amounted to Rs 29 crore. MobiKwik’s financial guarantee, legal, advertising-marketing, finance, and other overheads took its total burn to Rs 313 crore in Q1 FY26. MobiKwik’s losses rose over six-fold to Rs 42 crore in Q1 FY26, compared to Rs 6.6 crore in the same quarter last year. For the fiscal year ended in March 2025, it reported a net loss of Rs 121.5 crore. Earlier this month, Mobikwik received approval from SEBI to operate as a stockbroker and clearing member through its wholly owned subsidiary, Mobikwik Securities Broking Private Limited (MSBPL). At the end of Thursday's session, Mobikwik’s stock was trading at Rs 246.80 with a total market capitalization of Rs 1,929 crore or approximately $227 million.

Ather Energy posts Rs 645 Cr revenue in Q1 FY26, losses remain flat

EntrackrEntrackr · 1d ago
Ather Energy posts Rs 645 Cr revenue in Q1 FY26, losses remain flat
Medial

Ather Energy posts Rs 645 Cr revenue in Q1 FY26, losses remain flat Ather Energy reported a 79% year-on-year jump in its operating revenue compared to Q1 FY25. At the same time, the Bengaluru-based firm also narrowed losses by 3%. Electric two-wheeler maker Ather Energy has announced its financial results for the first quarter of the ongoing financial year FY26. The company reported a 79% year-on-year jump in its operating revenue compared to Q1 FY25. At the same time, the Bengaluru-based firm narrowed losses by 3%. Ather’s revenue from operations increased by 79% to Rs 645 crore in Q1 FY26, from Rs 360 crore in Q1 FY25, according to its quarterly report sourced from the National Stock Exchange (NSE). The Tarun Mehta-led company did not provide a revenue breakdown during the last quarter. Ather’s cost of materials, primarily driven by battery and component procurement, made up the largest share of its expenditure. This cost increased by nearly 74% to Rs 518 crore in Q1 FY26 from Rs 297 crore in the same period last year, accounting for over 61% of the total expenses during the quarter. Employee benefit expenses saw a surge of 37% YoY to Rs 119 crore in Q1 FY26 compared to Rs 87 crore in Q1 FY25. Depreciation and amortization costs rose 20% to Rs 48 crore, while other operational costs jumped nearly 31% to Rs 166 crore. Overall, Ather’s total expenditure grew 54% to Rs 851 crore in Q1 FY26, up from Rs 551 crore in Q1 FY25. As a result, the company’s net losses reduced by 3% to Rs 178 crore in Q1 FY26 from Rs 183 crore in Q1 FY25. In July 2025, Ather Energy maintained its fourth-place market position, selling 16,231 units. This represents a 10.59% month-on-month increase from the 14,677 units sold in June, bringing their market share to 15.78%. Ather Energy made its stock market debut on May 6, 2025, listing at Rs 328 per share on the NSE. However, the stock is currently trading at Rs 375, bringing its total market capitalization to Rs 13,723 crore ($1.5 billion). Ather competitor Ola Electric’s topline shrank by nearly 50% year-on-year during the first quarter of FY26. At the same time, the Bengaluru-based firm’s losses widened by 23%.

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