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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.
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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.
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ideaForge’s Q3 Profit Jumps 16X QoQ To Touch INR 14.8 Cr
Inc42
·
1y ago
Medial
Drone manufacturer ideaForge reported a net profit of INR 14.8 Cr in Q3 FY24, a significant increase from a loss of INR 7.8 Cr in the same quarter last year. The company's operating revenue also saw a substantial rise of over 1,000% to INR 90.9 Cr in Q3 FY24. ideaForge's strong growth is attributed to its commitment to delivering high-quality products and solutions. The company's EBITDA increased to INR 26.2 Cr in Q3 FY24. Total expenses rose by 173%, primarily due to increased spending on materials consumed.
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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.
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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.
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Ixigo posts Rs 242 Cr revenue Q3 FY25; PBT jumps 54%
Entrackr
·
6m 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.
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RentoMojo FY24: Profit Jumps 3X To INR 22 Cr, Operating Revenue Inches Closer To INR 200 Cr
Inc42
·
9m ago
Medial
RentoMojo, an online furniture rental startup, experienced strong growth in FY24. Its operating revenue increased, reaching nearly INR 200 crore, driven by high customer demand and improved efficiency through automation. The company's profit after tax also saw a significant increase, surging more than three-fold to INR 22 crore compared to the previous year. RentoMojo's EBITDA grew 142% year-on-year to INR 66 crore, thanks to increased operational efficiency achieved through automation.
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Tracxn posts INR 2.2 Cr in PAT in Q3; Operating revenue grows 4.4% YoY
Inc42
·
1y ago
Medial
Market intelligence platform Tracxn Technologies reported a 64% decline in profit after tax (PAT) for the December quarter of FY24, compared to the same period last year. However, excluding exceptional gains, Tracxn's PAT increased by 55% year-on-year. The company's operating revenue grew by 4.4% YoY. Tracxn aims to improve customer acquisition and expansion as the market opens up further. It is also focusing on paid customer engagement and account expansion. Tracxn's total expenses decreased marginally, and it plans to set up separate teams for customer expansion and engagement initiatives.
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Info Edge posts Rs 722 Cr revenue in Q3 FY25; profit jumps 2.5X
Entrackr
·
6m 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).
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DroneAcharya’s H1 Profit Slides 62% To INR 1.50 Cr
Inc42
·
8m ago
Medial
The BSE SME listed drone company experienced a 62% decrease in profits, with a PAT of INR 1.50 Cr in the first half of FY25 compared to the previous year. However, there was a significant increase in revenue from operations, rising by 28.8% to INR 26.90 Cr from INR 20.88 Cr in the first six months of FY24. On the other hand, expenses jumped 51.8% YoY to INR 25.23 Cr from INR 16.62 Cr in the quarter.
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BlueStone FY24: Revenue Surpasses INR 1,000 Cr Mark, Loss Narrows 15% To INR 142.2 Cr
Inc42
·
10m ago
Medial
Indian jewellery brand BlueStone reported a 64% increase in operating revenue, reaching INR 1,265.8 Cr in FY24. The company attributes this growth to increased revenue from existing stores and a subsequent improvement in margins. Additionally, BlueStone recently raised INR 900 Cr in a pre-IPO round, valuing the company at $970 Mn.
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