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Gramophone posts Rs 316 Cr gross revenue and Rs 58 Cr loss in FY23

EntrackrEntrackr · 1y ago
Gramophone posts Rs 316 Cr gross revenue and Rs 58 Cr loss in FY23
Medial

Agritech startup Gramophone has been making its place in the agritech space with over 75% year-on-year growth during the fiscal year ended March 2023. At the same time, losses for the InfoEdge-backed company looked under control compared to other VC-backed agritech startups. Gramophone’s gross revenue grew 75.6% to Rs 316 crore in FY23 from Rs 180 crore in FY22, its consolidated financial statements filed with the Registrar of Companies show. Founded in 2016 by Nishant Mahatre and Tauseef Khan, Gramophone’s offerings include crop protection, crop nutrition, seeds, implements, and agri hardware. It also facilitates farmers to sell crops to vyapaaries (businessmen) directly through its Gram Vyapaar feature. The sale of products (agri inputs) is the sole source of revenue for Gramophone. For the agritech startup, the cost of procurement of inputs accounted for 81% of the overall expenditure. In the line of scale, this cost surged 76.2% to Rs 303 crore in FY23 from Rs 172 crore in FY22. Its employee benefits, information technology, advertising cum promotional, provisions for trade receivables, and other overheads catalyzed the overall expenditure up by 70% to Rs 374 crore in FY23 from Rs 220 crore in FY22. See TheKredible for the detailed expense breakup. Expenses Breakdown Total ₹ 220 Cr https://thekredible.com/company/gramophone/financials View Full Data To access complete data, visithttps://thekredible.com/company/gramophone/financials Total ₹ 374 Cr https://thekredible.com/company/gramophone/financials View Full Data To access complete data, visithttps://thekredible.com/company/gramophone/financials Cost of materials consumed Cost of materials consumed Employee benefit Employee benefit Information technology Information technology Advertising promotional Advertising promotional Provision for Trade Receivables Provision for Trade Receivables Others To check complete Expense Breakdown visit thekredible.com View full data Despite a decent scale, losses for the Gurugram-based company grew 48.7% to Rs 58 crore in FY23 from Rs 39 crore in FY22. Its ROCE and EBITDA stood at -119% and -17.4% respectively. FY22-FY23 FY22 FY23 EBITDA Margin -21% -17.4% Expense/₹ of Op Revenue ₹1.22 ₹1.18 ROCE -57% -119% On a unit level, it spent Rs 1.18 to earn a rupee in FY23. With procurement costs (Rs 303 crores) accounting for almost 95% share of revenues (Rs 316 crores), Gramophone has an obvious margin challenge to manage, the common issue for all agritechs, unless they provide services. With other costs being much less elastic by now, there is no way out but to increase margins or topline without addition to non-procurement costs. Past performance indicates that it is easier said than done, and to that extent Gramophone, despite proving its market case, will need to pull off some major surprises to move into the black. With the plethora of agritechs out there, it will hopefully not need to search out the right answer for too long. Gramophone has raised around $18 million to date including its $10 million Series B round led by Z3Partners. According to the startup data intelligence platform TheKredible, InfoEdge is the largest external stakeholder with 32.89% followed by Z3Partners and Siana Capital. Its co-founders Tauseef Ahmed Khan and Nishant Vats cumulatively hold 27.16% of the company.

Info Edge posts Rs 791 Cr revenue in Q1 FY26; profit surges 32%

EntrackrEntrackr · 14d ago
Info Edge posts Rs 791 Cr revenue in Q1 FY26; profit surges 32%
Medial

Info Edge, the parent company of Naukri and 99acres, reported a 17% growth in operating revenue in the first quarter of the ongoing fiscal year (Q1 FY26), while its profit increased by 32%. The Noida-based company’s operating revenue rose to Rs 791 crore in Q1 FY26 from Rs 677 crore in Q1 FY25, according to documents sourced from the National Stock Exchange (NSE). On a quarter-on-quarter basis, Info Edge’s operating revenue rose 5.5% to Rs 791 crore in Q1 FY26 from Rs 750 crore in Q4 FY25. Info Edge derives the majority of its revenue from Naukri.com, which contributed Rs 562 crore in the quarter ending June 2025, a 15% year-on-year growth compared to Q1 FY25. Meanwhile, revenue from 99acres reached Rs 111 crore, while Jeevansathi and Shiksha contributed Rs 34 crore and Rs 50 crore, respectively, during the same quarter. The company added another Rs 213 crore from interest on deposits and investment which pushed its overall revenue to Rs 1,004 crore in Q1 FY26. On the expense side, Info Edge spent 58% of its overall expenditure on employee benefits, which increased 12% year-on-year to Rs 327 crore in Q1 FY26. Its advertising and internet costs stood at Rs 127 crore and Rs 22 crore, respectively. The company’s overall cost grew 16% YoY to Rs 564 crore in Q1 FY26 from Rs 485 crore in Q1 FY25. Info Edge’s profit grew by 32% to Rs 343 crore in Q1 FY26, compared to Rs 259 crore in Q1 FY25. Its EBITDA stood at Rs 468 crore in the same period. As of 2:22 PM (Friday, August 8), Info Edge is trading at Rs 1,333.5, down 2% from today’s opening price. The firm’s market capitalization stands at Rs 86,277 crore ($9.8 billion).

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