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Yatra Q3: Posts INR 1.1 Cr PAT, Revenue Jumps 23% YoY
Inc42 · 1y ago
Medial
Yatra Online, an Indian online travel aggregator, reported a consolidated net profit of INR 1.1 Cr in Q3 FY24, compared to a loss of INR 5.6 Cr in the same quarter of the previous year. Operating revenue increased by almost 23% YoY to INR 110.3 Cr in Q3 FY24. The company's domestic air passenger traffic grew by 26% YoY during the quarter. However, its EBITDA declined by 25% YoY to INR 4.8 Cr. Yatra continues to expand its corporate client base and closed 26 new corporate accounts during the quarter.
ICICI Lombard gets GST show-cause notice worth ₹288 crore
Livemint · 1y ago
Medial
ICICI Lombard General Insurance Company has received a show-cause notice for INR 288 crore in relation to the Goods and Services Tax (GST). In Q4 FY24, the company's revenue increased by 1.29% and profit surged by 18.89% YoY. In Q3, revenue grew by 3.13% and profit increased by 20.41%. Selling, general, and administrative expenses decreased by 22.37% QoQ and 59.48% YoY. Operating income rose by 29.87% QoQ and decreased by 52.46% YoY. Bharti Enterprises sold stake in ICICI Lombard for INR 663 crore, while ICICI Bank increased its stake to 51.7% from 51.27%.
Zaggle Q3: PAT Jumps 10X YoY To INR 15.2 Cr
Inc42 · 1y ago
Medial
Fintech SaaS startup Zaggle saw a significant jump in its profit after tax (PAT), reporting a 10x increase to INR 15.2 Cr in Q3 of FY24, compared to INR 1.5 Cr in the same period last year. The company's strategic product diversification and cost-cutting measures contributed to the growth. Zaggle also achieved an all-time high quarterly revenue, with a 35.1% YoY increase to INR 199.5 Cr. Founder Narayanam highlighted the successful launch of commercial credit card offerings and the entry into the fleet loyalty card program as factors driving growth.
Info Edge Q3: PAT Jumps 157% YoY To INR 119.4 Cr
Inc42 · 1y ago
Medial
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.
Infibeam’s Q3 PAT jumps 64% to INR 42.1 Cr on festival demand push
Inc42 · 1y ago
Medial
Listed payments infrastructure company Infibeam Avenues reported a 64% jump in profit after tax (PAT) to INR 42.1 Cr in Q3 FY24. The company attributed this growth to festive demand and an increase in merchants using its CCAvenue payment solution. Infibeam's operating revenue more than doubled to INR 912 Cr in the same quarter. The company also mentioned that it has added artificial intelligence as a horizontal business vertical to support its platforms and payments, which will change the way it conducts business.
Ixigo posts Rs 242 Cr revenue Q3 FY25; PBT jumps 54%
Entrackr · 5m ago
Medial
Ixigo released its financial results for the third quarter of the ongoing fiscal year (Q3 FY25) on Tuesday. The company reported a 41% growth in scale, while its year-on-year (YoY) profits declined by 49.3%. Ixigo’s revenue from operations surged 41.5% to Rs 242 crore in Q3 FY25 in contrast to Rs 171 crore in Q3 FY24, as per the firm’s consolidated financial results sourced from the National Stock Exchange. The company generated the majority (49.6%) of its operating revenue from train ticketing which increased to Rs 120 crore in Q3 FY25 from Rs 95 crore in Q3 FY24. Flight and bus booking services contributed 28% and 21.4% respectively. Besides operating revenue, the firm also earned Rs 5.2 crore via interest and gains from financial assets during the quarter, taking its total topline to Rs 247 crore in Q3 FY25. Ixigo’s gross transaction value (GTV) increased 48% year-on-year to Rs 4,036 crore during the third quarter of the ongoing fiscal year. Employee benefits expenses rose by 17% YoY to Rs 41 crore. Overall, the company's total costs grew 42.7% to Rs 224 crore in Q3 FY25 compared to Rs 157 crore in Q3 FY24. Ixigo's net profits dropped by 49.3% to Rs 15.5 crore in Q3 FY25 from Rs 30.6 crore in Q3 FY24, attributed to a deferred tax income of Rs 16.7 crore booked in Q3 FY24. On a PBT basis, profits showed a significant QoQ increase of 54% to Rs 21.4 crore in Q3 FY25 from Rs 13.9 crore in Q3 FY24. Ixigo is currently trading at Rs 127.7 with a total market capitalization of Rs 4,886 crore or $581 million.
Shalibhadra Finance Q3 FY24 Results Live : profit rise by 41.84% YOY
Livemint · 1y ago
Medial
Shalibhadra Finance reported a 14.7% YoY increase in revenue and a 41.84% YoY increase in profit for Q3 FY24. The company also saw a 6.1% QoQ growth in revenue and a 4.98% QoQ growth in profit. Selling, general, and administrative expenses rose by 16.33% QoQ and 22.04% YoY. The company's market capitalization is ₹363.41 Cr with a 52-week high/low of ₹525 and ₹119 respectively. Livemint is the fastest growing news website in the world according to recent data.
Netflix India’s Profit Jumps 49% To INR 52.4 Cr In FY24
Inc42 · 7m ago
Medial
Netflix India's net profit for the fiscal year 2023-24 increased by 49% to INR 52.4 Cr compared to the previous year. The company's revenue also rose by 28.5% to INR 2,845.7 Cr. Additionally, Netflix India successfully reduced its personnel expenses by 10.6% to INR 105.98 Cr during the same period.
Info Edge posts Rs 722 Cr revenue in Q3 FY25; profit jumps 2.5X
Entrackr · 4m ago
Medial
Info Edge posts Rs 722 Cr revenue in Q3 FY25; profit jumps 2.5X Info Edge, the parent company of Naukri and 99acres, released its unaudited financial results for Q3 FY25. According to the company’s update sourced from the National Stock Exchange (NSE), revenue from operations grew by 15.2% to Rs 722 crore in Q3 FY25 from Rs 627 crore in Q3 FY24. The company recorded Rs 2,100 crore in revenue during the first nine months of FY25, with profits reaching Rs 632 crore. Info Edge derives the majority of its revenue—73%—from Naukri.com, which contributed Rs 527 crore in Q3 FY25, marking a 12.3% year-on-year growth compared to Q3 FY24. Meanwhile, revenue from 99 acres reached Rs 104 crore, while the Jeevansathi and Shiksha segments collectively generated Rs 91 crore during the same quarter. The company added another Rs 187 crore from interest on deposits and investments, which pushed its overall revenue to Rs 9,094 crore in Q3 FY25, compared to Rs 660 crore in Q3 FY24. Info Edge spent 62.6% of its overall expenditure on employee benefits, which increased by a modest 9.7% year-on-year to Rs 305 crore in Q3 FY25. Its advertising and internet costs stood at Rs 82 crore and 20 crore, respectively. The company’s overall cost grew 7% YoY to Rs 487 crore in Q3 FY25 from Rs 455 crore in Q3 FY24. The steady growth and surge in other income with controlled expenditure led its profits to increase by 142% to Rs 288 crore in Q3 FY25, compared to Rs 119 crore in Q3 FY24. On a unit level, it spent Rs 0.67 to earn a rupee in Q3 FY25. As of 4:40 PM, Info Edge is trading at Rs 7,910, reflecting a Rs 203.1 increase following today's results. Its total market capitalization value improved to Rs 1,02,501 crore ($12.2 billion).
CarTrade Posts INR 23.55 Cr Loss In Q3, Including OLX Auto Business
Inc42 · 1y ago
Medial
CarTrade Technologies, the online classifieds and auto auction platform, reported a net loss of INR 23.5 Cr in Q3 FY24, mainly due to the loss in the auto sales division of OLX business that it shut down during the quarter. However, excluding the discontinued operations, CarTrade posted a net profit of INR 21.96 Cr. Its operating revenue increased by over 42% to INR 138.6 Cr in Q3 FY24. CarTrade received an average of 70 million monthly unique visitors, with more than 90% being organic.
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