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BattRE crosses Rs 100 Cr revenue mark in FY24, remains profitable

EntrackrEntrackr · 11m ago
BattRE crosses Rs 100 Cr revenue mark in FY24, remains profitable
Medial

Electric two-wheeler manufacturer BattRE is back on a growth trajectory, reporting an 18% increase in FY24, compared to a 6% decline in FY23. However, its profit remained unchanged during the last fiscal year. BattRE’s revenue from operations increased to Rs 102.5 crore in FY24 from Rs 87 crore in FY23, according to its financial statement sourced from the Registrar of Companies (RoC). BattRE is an Indian electric scooter company which manufactures city, off-road, and hybrid scooters. Sales of these scooters accounted for 98.5% of the total operating revenue which spiked 18.82% to Rs 101 crore in FY24 from Rs 85 crore in FY23. Meanwhile, income from services declined by 25% to Rs 1.5 crore during the same period. On the expense side, the cost of materials remained the largest expenditure, increasing 10% to Rs 76 crore. Employee benefit expenses saw a 25% jump to Rs 5 crore, while discount-related costs soared 5X to Rs 5 crore. Transportation expenses remained steady at Rs 4 crore, and other operational expenses added another Rs 12 crore. Ultimately, BattRE’s total costs rose 17% to Rs 102 crore in the last fiscal. Despite a substantial spike in expenses, BattRE’s profit remained unchanged at Rs 50 lakhs in FY24. Its ROCE and EBITDA margin stood at 478% and 66%, respectively. On a unit basis, the company spent Re 1 to earn a rupee in FY24, similar to the previous fiscal year. As of March 2024, the Jaipur-based firm reported current assets worth Rs 32 crore including Rs 1 crore of cash and bank balance. According to startup data intelligence platform TheKredible, BattRE has raised a total of $466K of funding till date, having Gajendra Chandel as its lead investor, who owns 5.24% of the company. The company’s founder Nishchal Choudhary owns 32.84% of the company.

Dhan crosses 1 Mn users mark in Feb; Groww continues to lead stockbroking space

EntrackrEntrackr · 2d ago
Dhan crosses 1 Mn users mark in Feb; Groww continues to lead stockbroking space
Medial

Dhan crosses 1 Mn users mark in Feb; Groww continues to lead stockbroking space India’s retail broking industry added 3.5 lakh users in February, taking the total to 4.54 crore. Groww led additions, while Dhan crossed the 1 million user mark. India’s retail broking industry saw moderate growth in February as active users rose by over 3.5 lakh to 4.54 crore from 4.51 crore in January 2026. Groww continued to add the highest number of users, with 3.5 lakh new clients in January and 2.65 lakh in February. Significantly, Dhan crossed the 1 million users mark after adding 19,000 new users during the last month. Zerodha and Angel One each added over 10,000 clients during the month. According to NSE data, Groww saw another 2.13% month-on-month rise in its user base in February 2026, which took its total client base to around 1.27 crore (12.75 million) and pushed its market share to 28.03%. Zerodha again added 10,000 clients in February, after several months of decline last year. The firm had lost around 1 lakh users in November and another 72,000 in December. Its total user base now stands at 68.72 lakh, with a 15.11% market share. Angel One added over 10,000 new demat accounts in February after a loss of 13,000 users in January. Upstox slipped to 5th place in January after losing 41,000 users and continued its decline in February, losing over 27,000 accounts, with its market share falling to 4.42%. Among traditional players, ICICI Securities, SBI Securities, and Kotak Securities added around 30,000, 16,400, and 9,500 accounts, respectively. Paytm saw an increase of about 9,700 accounts, while HDFC Securities and Motilal Oswal reported a decline in client numbers. Emerging brokers Dhan and INDmoney reported growth in their user base, adding 19,000 and 6,000 users, respectively. Recently turned unicorn Dhan crossed the 10 lakh user mark, with a market share of 2.24%.

Hurun India Rich List 2024: Gautam Adani at #1, billionaire count crosses 300, cumulative wealth & more | Mint

LivemintLivemint · 1y ago
Hurun India Rich List 2024: Gautam Adani at #1, billionaire count crosses 300, cumulative wealth & more | Mint
Medial

Adani Group Chairman Gautam Adani has surpassed Reliance Industries Chairman Mukesh Ambani to top the Hurun India Rich List 2024 with a wealth of ₹11.6 lakh crore. India's total billionaire count has reached 334 individuals, and the cumulative wealth of these billionaires is ₹159 lakh crore. Bollywood superstar Shah Rukh Khan and angel investor Anand Chandrasekaran have made their debut on the list. The youngest billionaires are Zepto's co-founders Kaivalya Vohra (22) and Aadit Palicha (23), while Neha Bansal and Radha Vembu are recognized as prominent women entrepreneurs on the list. India has witnessed a significant surge in wealth creation in recent years, with 1,500 individuals now holding a net worth of ₹1,000 crore or more.

D’Decor crosses Rs 800 Cr revenue in FY24; profits spike 20%

EntrackrEntrackr · 11m ago
D’Decor crosses Rs 800 Cr revenue in FY24; profits spike 20%
Medial

D’Decor’s revenue from operations recorded a 4.2% year-on-year increase to Rs 816 crore in FY24 from Rs 783 crore in FY23, its consolidated financial statements sourced from the Registrar of Companies (RoC) show. India’s home décor market is witnessing double-digit growth, supported by rising disposable incomes and improved lifestyles. However, soft furnishings manufacturer D’Decor managed only modest growth in FY24. Despite this, the company’s profit jumped 20% during the same period. D'Decor specializes in manufacturing and selling soft furnishing fabrics such as curtains, upholstery, and bed and bath linens. It exports to over 65 countries and serves the Indian market through its retail stores and online presence. The sale of fabrics and made-ups was the sole source of revenue for D’ Decor during the fiscal year ending March 2024. It has not provided a breakdown of its revenue from domestic and international markets. The firm also added Rs 37 crore from non-operating activities, which pushed its overall income to Rs 853 crore in FY24. For the soft furnishing fabric firm, procurement costs accounted for 39.2% of the total expenditure, amounting to Rs 308 crore in FY24. Meanwhile, advertising expenses surged by 173%, reaching Rs 41 crore during the same period. Employee benefits, along with power, fuel, rent, freight, and other overheads, contributed to a 4% increase in total expenditure — rising from Rs 755 crore in FY23 to Rs 785 crore in FY24. Despite the modest growth, D'Decor managed to increase its profits by 20.5% to Rs 53 crore in FY24 from Rs 44 crore in FY23. On a unit level, it spent Rs 0.96 to earn a rupee in FY24. Its Return on Capital employed (ROCE) and Earnings before tax and depreciation (EBITDA) improved to 14.09% and 17.80%, respectively. As of March 2024, the Mumbai-based company had total current assets of Rs 547 crore, including trade receivables worth Rs 224 crore. Apart from traditional firms, it competes with The Yellow Dwelling, Peak XV-backed Vaaree, Furlenco, Pepperfry, and other emerging players. The home decor market offers irresistible size and for some, margins, but remains a hotly contested market for now. Major brands have struggled to capture a significant share of the market, even as new ones continue to push their luck as well. For D’decor, the outlook for the future will remain steady at best, considering the buffeting in export markets right now. Being profitable will help navigate the turmoil better of course, but don't count on a breakthrough move here.

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