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Ixigo records 78% quarterly growth in PAT in Q1 FY25

EntrackrEntrackr · 11m ago
Ixigo records 78% quarterly growth in PAT in Q1 FY25
Medial

Online travel aggregator (OTA) Ixigo announced its financial results on Thursday for the first quarter of the financial year ending March 2025. The company’s revenue from operations went up 10.3% to Rs 181.88 crore during Q1 of FY25 as compared to Rs 164.85 crore in Q4 of FY24, according to the company’s unaudited consolidated quarterly report filed with the National Stock Exchange. Compared to the corresponding quarter of FY24 (Q1 FY24), Ixigo scaled up 16.18% from Rs 156.55 crore. The Gurugram-based company generated the majority (55.23%) of its operating revenue from train ticketing amounting to Rs 100.46 crore in Q1 FY25. Flight and bus booking services contributed 22.82% and 21.79% to the company’s coffers, respectively. Besides operating revenue, the firm also earned Rs 2.4 crore via interest and gains from financial assets during the quarter which took its total topline to Rs 184.28 crore. Meanwhile, Ixigo’s gross transaction value (GTV) surpassed Rs 2,988 crore in Q1 FY25 with 27% year-on-year growth. On the expense front, Ixigo’s employee benefits costs comprised 22.60% of the total expenditure. This cost increased 9.68% to Rs 37.96 crore in Q1 of FY25 from Rs 34.61 crore in the previous quarter (Q4 of FY24). It is worth noting that the company did not disclose the breakup of other expenses incurred during the period. On the line of scale, the company’s total expenses went up 10.3% to Rs 168 crore in Q1 of FY25 in comparison to Rs 152.36 crore in Q4 FY24. In the end, Ixigo’s bottom line flourished over two-fold during the quarter to Rs 14.85 crore against Rs 7.35 crore in Q4 FY24. Compared to the corresponding quarter of FY24 (Q1 FY24), its profits surged 77.63% from Rs 8.36 crore. On a unit level, Ixigo spent Re 0.92 to earn a rupee of operating income during the quarter. After Thursday’s trading session, Ixigo’s share is trading at around Rs 170 per share with a market cap of Rs 6,586 crore or close to $800 million.

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Infibeam Avenue reports 43% growth in PAT in Q1 FY25

EntrackrEntrackr · 11m ago
Infibeam Avenue reports 43% growth in PAT in Q1 FY25
Medial

Fintech firm Infibeam Avenues on Friday released its financial results for the first quarter of the ongoing fiscal year (Q1 FY25). The company witnessed a 3.6% increase in gross revenue whereas its profit spiked 43% growth during the quarter ending June 2025. Infibeam Avenues’s gross revenue grew to Rs 753 crore in Q1 FY25 from Rs 727 crore in Q4 FY24, according to the company’s unaudited consolidated quarterly report filed with the National Stock Exchange. The payment business formed 93.6% of the total revenue which stood at Rs 705 crore in Q1 FY25 while the income from providing customized e-commerce solutions brought Rs 39.3 crore to its coffers. Infibeam claims to have over 10 million merchants, with an average daily addition of more than 2,550 merchants in Q1 FY25. At the end, its other operating and financial income pushed Infibeam Avenues’ overall revenue to Rs 781 crore in Q1 FY25 from Rs 743 crore in Q4 FY24. On the cost front, the operating expenses (including payment processing cost) formed 90% of the overall expenditure. This cost remained flat at Rs 634 crore in Q1 FY25. The firm’s spending on employee benefits, legal, and other overheads took its overall cost up by 3.5% to Rs 703 crore in Q1 FY25 from Rs 679 crore in Q4 FY24. The increase in other income and consistent growth in scale helped Infibeam to register a 42.9% spike in its profits to Rs 70 crore in Q1 FY25 from Rs 49 crore in Q4 FY24. On a unit level, The Ahmedabad-based company spent Rs 0.93 to earn rupee in Q1 FY25. The company also acquired a majority stake (54%) in Rediff.com. The acquired company will become a subsidiary of Infibeam Avenue. “With this synergy, we are poised to unlock new dimensions of growth, redefining the essence of cloud and fintech engagement,” said Vishal Mehta, Chairman and MD of Infibeam Avenues. Infibeam Avenue is currently trading at Rs 32.42 (as of 03.00 PM) and its total market capitalization stood at Rs 9,019 crore or $1.1 billion.

Ixigo ends Q2 FY25 with Rs 206 Cr revenue and Rs 13 Cr PAT

EntrackrEntrackr · 8m ago
Ixigo ends Q2 FY25 with Rs 206 Cr revenue and Rs 13 Cr PAT
Medial

Online travel aggregator (OTA) Ixigo’s revenue from operations grew 26% to Rs 206.47 crore in Q2 FY25 as compared to the same quarter of FY24. The growth was steered by the flight and bus segment. The flight gross transaction value grew by 43% YoY, while the bus GTV increased by 46%. The company’s contribution margin also improved by 24% to Rs 91.08 crore in Q2 FY25, compared to Rs 73.67 crore in Q2 FY24, the company said in a stock exchange filing. However, the contribution margin as a percentage of revenue from operations slightly decreased from 45% in Q2 FY24 to 44% in Q2 FY25. The Gurugram-based company generated the majority (53.5%) of its operating revenue from train ticketing amounting to Rs 110.4 crore in Q1 FY25. Flight and bus booking services contributed 27% and 19.3% to the company’s coffers, respectively. The firm’s operating expenses rose in Q2 FY25, reflecting increased investments in growth. Employee expenses and marketing costs contributed to this spike, which was necessary to support the company’s expansion in user acquisition and market penetration. Despite the rise in costs, EBITDA saw a sharp increase of 655%, reaching Rs 22.4 crore in Q2 FY25, compared to Rs 2.96 crore in Q2 FY24. Adjusted EBITDA also jumped 326% to Rs 20.99 crore in Q2 FY25. Ixigo profit after tax (PAT) declined by 51%, from Rs 26.70 crore in Q2 FY24 to Rs 13.08 crore in Q2 FY25. This decline was primarily due to a deferred tax charge of Rs 5.26 crore in Q2 FY25.

Ixigo set to acquire 51% stake in train food delivery firm Zoop

EntrackrEntrackr · 8m ago
Ixigo set to acquire 51% stake in train food delivery firm Zoop
Medial

Travel booking platform Ixigo is all set to acquire a majority stake in Zoop Web Services Private Limited. The board of directors at Ixigo approved the acquisition during a meeting held on October 24, 2024. The deal involves Ixigo purchasing a 51% stake in Zoop for a total consideration of Rs 12.54 crore, which includes a non-compete fee. This transaction is subject to the fulfillment of certain conditions, as outlined in the definitive agreements signed by both companies. The acquisition will be executed through a combination of secondary and primary share purchases. Zoop is known for providing e-catering and other solutions for the railway ecosystem. By integrating Zoop’s offerings into its platform, Ixigo aims to provide a more comprehensive travel experience to its users. This acquisition makes sense for Ixigo as 53% of its revenue collected in Q2 FY25 came from the train vertical. Zoop offers meal bookings, PNR status checks, and other railway-related services. It operates across 18 states and provides services at 192 railway stations. The company partners with nearly 400 active restaurants. In addition to acquiring the majority stake, Ixigo has secured an option to purchase the remaining 49% stake in Zoop in the future. This is the third major acquisition for Ixigo. In February 2021, it acquired a 100% stake in the train booking app Confirmtkt, while it took over the bus aggregator platform AbhiBus in August of the same year. Ixigo's revenue from operations saw a 26% growth to Rs 206.47 crore in Q2 FY25, compared to the same period in FY24. However, the company's profit after tax (PAT) experienced a significant decline of 51%, dropping from Rs 26.70 crore in Q2 FY24 to Rs 13.08 crore in Q2 FY25.

Zomato’s parent Eternal revenue grows 64% in Q4 FY25, PAT drops 78%

EntrackrEntrackr · 2m ago
Zomato’s parent Eternal revenue grows 64% in Q4 FY25, PAT drops 78%
Medial

Zomato’s parent Eternal revenue grows 64% in Q4 FY25, PAT drops 78%. Zomato’s revenue from operations grew 64% to Rs 5,833 crore in Q4 FY25 in contrast to Rs 3,562 crore in Q4 FY24, as per the firm’s consolidated financial results sourced from the National Stock Exchange (NSE). Despite strong revenue growth following steady expansion, the Gurugram-based company reported a sharp 78% decline in profit for the quarter ending March 2025. Eternal’s revenue from operations grew 64% to Rs 5,833 crore in Q4 FY25 in contrast to Rs 3,562 crore in Q4 FY24. With this, Eternal’s overall revenue for the fiscal year ending March 2025 jumped 67% to Rs 20,243 crore from Rs 12,114 crore in FY24. Eternal operates several business units, including a food marketplace, Hyperpure, and quick commerce platform BlinkIt. Income from Eternal’s food delivery business contributed 35% of the total revenue in Q4 FY25, growing 18% to Rs 2,054 crore from Rs 1,739 crore in Q4 FY24. Revenue from Hyperpure (B2B supplies) and the quick commerce segment (Blinkit) saw significant growth, rising 93% to Rs 1,840 crore and 122% to Rs 1,709 crore, respectively, during the last quarter of FY25. Earnings from the 'Going-out' segment and other non-operating income brought the Eternal Group’s total revenue to Rs 6,201 crore in Q4 FY25. Delivery and related charges accounted for 25% of Eternal's total expenditure, at Rs 1,552 crore in Q4 FY25. Employee benefit cost rose 89% to Rs 1632 crore, while spending on advertising and marketing increased by 63% to Rs 634 crore in FY24. Overall, the company’s overall expenditure increased by 68% to Rs 6,104 crore in Q4 FY25, up from Rs 3,636 crore in Q3 FY25. An increase in current tax expenses to Rs 74 crore led to a 78% drop in the company’s profit after tax, which fell to Rs 39 crore in Q4 FY25 from Rs 175 crore in Q4 FY24. On a per-unit basis, the Gurugram-based company spent Rs 1.04 to earn every rupee of revenue during the quarter ending March 2025.

Awfis posts Rs 257 Cr revenue in Q1 FY25, improves profits

EntrackrEntrackr · 11m ago
Awfis posts Rs 257 Cr revenue in Q1 FY25, improves profits
Medial

Co-working solutions provider Awfis filed its first quarterly results after going IPO. The Delhi based company witnessed 10.9% revenue growth with the profits spiking 102.9% during the same period. Awfis’ revenue increased to Rs 258 crore in Q1 FY25 from Rs 232 crore in Q4 FY24, as per its unaudited consolidated financial statements filed with the National Stock Exchange (NSE). Income from renting of co-working space and allied services contributed 72% of the firm’s total operating revenue while construction and fit-out projects contributed 26% . On a sequential basis, its operating revenue increased by 37.31% from Rs 187.7 crore in Q1 FY24. Awfis’ total expense increased by 10.57% to Rs 265.08 crore in Q1 FY25 from Rs 239.79 crore in Q4 FY24. Subcontracting cost and purchase of traded goods accounted for 24% of the total expense. Employee benefit, depreciation and amortization and finance costs were some other major expenses for the 10-year-old company. The consistent growth in scale helped Awfis to double its profit which stood at Rs 2.78 crore in Q1 FY25 as compared to Rs 1.37 crore in Q4 FY24. For context, Awfis posted a loss of Rs 8.3 crore in Q1 FY24. Awfis is currently trading at Rs 669.7 (as at the end of August 13) with the market capitalization of Rs 4648 crore (approximately $560 million).

Delhivery turns profitable with Rs 52 Cr PAT in Q1 FY25

EntrackrEntrackr · 11m ago
Delhivery turns profitable with Rs 52 Cr PAT in Q1 FY25
Medial

Logistics company Delhivery is turning around the table by registering notable profits during the quarter ending June 2025, with a scale crossing Rs 2,100 crore in the same period (Q1 FY25). Delhivery’s operating revenue grew 4.6% to Rs 2,172 crore in Q1 FY25 from Rs 2,076 crore in Q4 FY24, according to the company’s unaudited consolidated quarterly report filed with the National Stock Exchange. Logistics services including (warehousing, last mile logistics, designing and deploying logistics management systems) were the primary sources of revenue for Delhivery. The Gurugram-based company added another Rs 110 crore from financial sources tallying the overall income to Rs 2,282 crore in Q1 FY25 from Rs 2,195 crore in Q4 FY24. For the logistics firm Delhivery, the cost of freight and handling formed 71% of its overall expenditure. To the tune of scale, this cost grew 4% to Rs 1,579 crore in Q1 FY25 from Rs 1,519 crore in Q4 FY24. The firm spending on employee benefits, advertising, finance, legal, and other expenditures took the overall expenditure to Rs 2,223 crore in Q1 FY25 compared to Rs 2257 crore in Q4 FY24. The continued growth in scale and reduction in total cost enabled Delhivery to turn black with Rs 52 crore in profits in Q1 FY24 as compared to Rs 68 crore loss in Q4 FY24. On a unit level, the firm spent Rs 1.02 to earn a rupee in Q1 FY25. Delhivery has also granted 1,66,122 employee stock options under its existing ESOP Plan 2012, tallying its total ESOP pool to 1.73 million, according to a different disclosure filed by Delhivery through NSE. Delhivery’s share price is currently at Rs 414.4 (as of August 2) and its total market capitalization stood at Rs 30,632 crore or $3.6 billion.

Mamaearth hits all-time high profit during Q1 FY25

EntrackrEntrackr · 11m ago
Mamaearth hits all-time high profit during Q1 FY25
Medial

Honasa Consumer Limited, the parent firm of D2C brand MamaEarth, on Friday released its financial results for the first quarter of the ongoing fiscal year (Q1 FY25). The company reported a 17.6% increase in revenue QoQ while its profit spiked 33.3% during the quarter ended June 2024. MamaEarth’s revenue from operations increased to Rs 554 crore in Q1 FY25 from Rs 471 crore in Q4 FY24, according to its unaudited consolidated quarterly report filed with the National Stock Exchange. The sale of personal and beauty care products was the sole source of revenue for Honasa Consumer. The firm also made Rs 19 crore from financial sources, tallying its overall income to Rs 573 crore in Q1 FY25. Notably, the firm posted Rs 1,920 crore of revenue, marking a 28.7% year-on-year growth during the fiscal year ending March 2024 with a net profit of Rs 147 crore. For the D2C brand, the cost of procurement of materials accounted for 30% of the total expenditure which saw an 11.3% increase to Rs 157 crore in Q1 FY25. Its employee benefits, advertising, freight, legal, and other overheads took the overall cost to Rs 520 crore in Q1 FY25. At the end, profits of the Peak XV-backed firm grew 33.3% to Rs 40 crore in Q1 FY25 from Rs 30 crore in Q4 FY24. This is the highest profitable quarter for MamaEarth since its public debut. Importantly, the firm registered a massive 71% gross margin in the same period. Honasa Consumer was trading at Rs 473 (as of August 9) with a total market capitalization of Rs 15,336 crore (around $1.84 billion).

Ideaforge’s profits dwindle 89% in Q1 FY25

EntrackrEntrackr · 12m ago
Ideaforge’s profits dwindle 89% in Q1 FY25
Medial

Drone manufacturer Ideaforge’s revenue from operations declined by 15.7% to Rs 86 crore in Q1 FY25 from Rs 102 crore in Q4 FY24. However, the company remained profitable in the first quarter of the ongoing fiscal year, according to its quarterly result published on NSE. The Mumbai-based company demonstrated strong financial standing during the previous fiscal year ending March 2024, marking a 68.8% year-on-year growth to Rs 314 crore with its profits increasing 41.3% to Rs 45.2 crore during the fiscal year ending March 2024. However, the firm was unable to replicate FY24’s growth run in Q1 FY25 due to a decline in drone sales, which also eroded its profits. The sale of unnamed aerial vehicles (UAVs) was the sole source of Ideaforge’s operating revenue in the last quarter. The company also made Rs 6 crore from the financial assets tallying its overall revenue to Rs 92 crore in Q1 FY25 from Rs 108 crore in Q4 FY24. For Ideaforge, the cost of materials for making drones accounted for 64% of the overall expenditure. As production scaled down, this cost decreased by 2.4%, dropping to Rs 57.6 crore in Q1 FY25. The firm’s spending on employee benefits, finance cost, legal, professional advertising, and other overheads took its overall cost to Rs 91 crore in Q1 FY25 from Rs 93 crore in Q4 FY25. With a 15.7% decline in quarter-on-quarter growth, Ideaforge’s profits dropped by 89.3% to Rs 1.1 crore in Q1 FY25. Ideforge’s IPO was valued at Rs 567 crore, comprising a fresh issue of Rs 240 crore, with the remainder offered for sale. The company debuted on the stock exchange on July 23 with a share price of Rs 1,300, marking a significant 93% gain compared to its price band of Rs 638-672 per share at the time of listing. Ideaforge’s share price is currently trading at Rs 761.95 (as of 12.42 PM). The company also hit its 52 weeks low share price at Rs 618 on 04 June this year. According to Fintrackr’s estimates, its current total market capitalization stood at Rs 3,275 crore or $395 million.

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