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Infra.Market’s FY24 Profit Crosses INR 350 Cr, Sales Breach INR 14K Cr Mark

Inc42 · 9m ago

Infra.Market’s FY24 Profit Crosses INR 350 Cr, Sales Breach INR 14K Cr Mark

The IPO-bound startup has reported a significant increase in profit for FY24, with a growth of 144% compared to the previous fiscal year. The operating revenue also increased by 23% in FY24. The total expenditure for FY24 was 23% higher compared to the previous year.

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Ola Cabs parent ANI Tech’s FY23 revenue crosses INR 2,500 Cr mark, loss declines to INR 772 Cr

Inc42 · 1y ago

Ola Cabs parent ANI Tech’s FY23 revenue crosses INR 2,500 Cr mark, loss declines to INR 772 Cr

Ola Financial Services recorded a net loss of INR 54.6 Cr in FY23, compared to a profit of INR 8.6 Cr in FY22. Ola's parent company, ANI Technologies, reduced its consolidated net loss by 49.2% to INR 772.2 Cr in FY23. Ola's sales increased by 63% to INR 1,987.5 Cr, while its net loss decreased by 64.8% to INR 1,082.5 Cr in FY23. Ola's rival, Uber India, saw its net sales rise by 54% to INR 2,666.1 Cr in FY23, with a loss of INR 311.3 Cr. Ola Electric is also planning an IPO to raise funds.

Upstox Claims Profitability In FY23, Broking Revenue Crosses INR 1,000 Cr Mark

Inc42 · 1y ago

Upstox Claims Profitability In FY23, Broking Revenue Crosses INR 1,000 Cr Mark

Upstox, an online discount broking platform, has claimed profitability in the financial year 2022-23, with a consolidated profit of over INR 25 crore. The company also reported a 44% increase in broking revenue, crossing the INR 1,000 crore mark. Upstox, backed by investors like Ratan Tata and Tiger Global, has positioned itself as a trusted finance app by launching several new features and tools. Its rivals, Zerodha and Groww, also posted impressive profits and revenues during the same period.

Unicommerce FY24: Net Profit Doubles To INR 13.1 Cr, Revenue Crosses INR 100 Cr Mark

Inc42 · 1y ago

Unicommerce FY24: Net Profit Doubles To INR 13.1 Cr, Revenue Crosses INR 100 Cr Mark

Unicommerce, a leading e-commerce technology company, reported a 15% increase in operating revenue, reaching INR 103.58 Cr in FY24 compared to INR 90.06 Cr in FY23. Total expenses also rose by over 9% to INR 91.9 Cr in FY24. Unicommerce's IPO, consisting of an offer-for-sale component of 2.56 Cr equity shares, is set to open on August 6th.

Swiggy DRHP: Revenue Crosses INR 10,000 Cr Mark In FY24, Loss Almost Halves

Inc42 · 11m ago

Swiggy DRHP: Revenue Crosses INR 10,000 Cr Mark In FY24, Loss Almost Halves

Swiggy's net loss for FY24 was INR 2,350 Cr, a decrease from the previous year's loss of INR 4,179.3 Cr. However, its operating revenue saw a 36% increase, reaching INR 11,247.3 Cr compared to INR 8,264.5 Cr in FY23. The company also improved its EBITDA margin from -46.4% in FY23 to -16.2% in FY24.

Yudiz Posts INR 2.9 Cr Loss In FY24, Revenue Tanks In H2

Inc42 · 1y ago

Yudiz Posts INR 2.9 Cr Loss In FY24, Revenue Tanks In H2

Yudiz Solutions reported a net profit of INR 1.33 crore in the first half of FY24, but recorded a loss of INR 4.2 crore in the second half. The company's operating revenue declined to INR 10.3 crore in H2 FY24 from INR 15.9 crore in H1 FY24, representing a year-on-year decrease of 37.2%. In FY23, Yudiz achieved a net profit of INR 2.7 crore on an operating revenue of INR 27.3 crore.

CarTrade Posts INR 23.55 Cr Loss In Q3, Including OLX Auto Business

Inc42 · 1y ago

CarTrade Posts INR 23.55 Cr Loss In Q3, Including OLX Auto Business

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.

WayCool Foods FY23: Loss Up 89% To INR 685 Cr, Revenue Crosses INR 1K Cr Mark

Inc42 · 1y ago

WayCool Foods FY23: Loss Up 89% To INR 685 Cr, Revenue Crosses INR 1K Cr Mark

Chennai-based agritech startup WayCool Foods reported a 62% increase in operating revenue, crossing the INR 1,000 Cr mark in the financial year ended March 31, 2023. The company, founded in 2015, sells food products under multiple labels and provides supply chain solutions. Its revenue from operations reached INR 1,251.4 Cr in FY23, compared to INR 772.3 Cr in the previous year. WayCool's total expenses also rose, reaching almost three times its revenue.

InCred profit rises to ₹316.3 crore, revenue crosses ₹1,000 crore

Inshorts · 1y ago

InCred profit rises to ₹316.3 crore, revenue crosses ₹1,000 crore

Fintech unicorn InCred Financial Services posted almost a 162% jump in its consolidated net profit to ₹316.3 crore in the financial year 2023-24 (FY24) from ₹120.9 crore reported a year ago. Its operating revenue also crossed the ₹1,000 crore mark during the last fiscal, as per the unicorn’s financial statement accessed by Inc42.

Infra.Market’s FY23 sales cross INR 11,000 Cr mark but profit slips

Inc42 · 1y ago

Infra.Market’s FY23 sales cross INR 11,000 Cr mark but profit slips

Mumbai-based construction solutions provider Infra.Market reported a surge in sales, crossing the INR 11,000 Cr mark in FY23. The startup recorded an operating revenue of INR 11,846.5 Cr, a substantial increase of 90% from the previous fiscal year. However, its net profit declined by 17% due to higher depreciation and amortization expenses. Despite this, Infra.Market's cash and cash equivalents grew by 138.5% to reach INR 251.1 Cr by the end of FY23. The startup has made significant acquisitions and has raised over $600 Mn so far, with a valuation of $2.5 Bn.

Smartworks DRHP: FY24 Loss Declines 51% To INR 50 Cr, Revenue Crosses INR 1,000 Cr Mark

Inc42 · 1y ago

Smartworks DRHP: FY24 Loss Declines 51% To INR 50 Cr, Revenue Crosses INR 1,000 Cr Mark

Smartworks, a shared workspace provider, reported a significant increase in operating revenue for FY24, rising to INR 1,039.4 Cr from INR 711.4 Cr in the previous fiscal year. Lease rentals accounted for the majority of the revenue, with INR 997.1 Cr contributing to approximately 96% of the total. In preparation for an IPO, Smartworks filed its DRHP with SEBI, planning to issue INR 550 Cr worth of fresh shares along with an offer for sale (OFS) component of 67.49 lakh equity shares.

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