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Groww posts Rs 547 Cr profit on Rs 1,216 Cr revenue in Q3 FY26

EntrackrEntrackr · 1d ago
Groww posts Rs 547 Cr profit on Rs 1,216 Cr revenue in Q3 FY26
Medial

Digital investment platform Groww on Wednesday reported its first set of quarterly results since listing on the stock exchanges. The company posted a 25% rise in revenue during the third quarter, although its profit declined by 28% over the same period. The company’s revenue from operations increased to Rs 1,216 crore in Q3 FY26 from Rs 974.5 crore in the same quarter last year, according to its financial statement sourced from NSE. Other income contributed an additional Rs 45 crore, which drove its total income to Rs 1,261 crore for the quarter. On a quarter-on-quarter basis, the company’s income rose by 19% from Rs 1,019 crore in Q2 FY26. However, for the nine months period ending December 2025, the firm’s revenue remained flat at Rs 3,139 crore. On the expense side, employee benefit was the largest burn which accounted for 30% of the total expense at Rs 157 crore in Q3 FY26. Finance cost stood at Rs 10 crore, while depreciation cost added Rs 9 crore to the total expense which stood at Rs 515.5 crore in Q3 FY26. Groww’s net profit decreased by 28% to Rs 547 crore in Q3 FY26 as compared to Rs 757 crore in Q3 FY25. For the nine months period ending December 2025, the company reported a profit of Rs 1,397 crore. Sequentially, Groww reported a 16% surge in net profit (PAT) to Rs 547 crore in Q3 FY26 from Rs 471 crore in Q2 FY26. The year-on-year decline was largely due to a one-time gain (net of taxes) of Rs 315 crore booked in Q3 FY25. Groww made a strong debut on the Indian stock exchanges in November last year, listing at Rs 114 per share on the BSE, a 14% premium over its issue price despite a muted grey market premium (GMP) of around 3%. On the NSE, the stock opened at Rs 112. Groww India’s share is trading at Rs 158 (as of 12:51 PM), giving the company a total market capitalization of Rs 97,595 crore ($11.21 billion).

Ixigo posts Rs 242 Cr revenue Q3 FY25; PBT jumps 54%

EntrackrEntrackr · 11m ago
Ixigo posts Rs 242 Cr revenue Q3 FY25; PBT jumps 54%
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.

MobiKwik posts Rs 269 Cr revenue and Rs 55 Cr loss in Q3 FY25

EntrackrEntrackr · 11m ago
MobiKwik posts Rs 269 Cr revenue and Rs 55 Cr loss in Q3 FY25
Medial

MobiKwik posts Rs 269 Cr revenue and Rs 55 Cr loss in Q3 FY25 Fintech platform MobiKwik reported its quarterly results for the third quarter of the ongoing fiscal year (Q3 FY25) on the stock exchange today, reflecting a 17.5% year-on-year growth. MobiKwik’s revenue from operations increased to Rs 269 crore in Q3 FY25 from Rs 229 crore in Q3 FY24, its consolidated financial statements accessed from the National Stock Exchange (NSE) show. However, Mobikwik's earnings were reduced by 7.6% in Q3 FY25, compared to Rs 291 crore in Q2 FY25. MobiKwik's primary revenue sources in Q3 FY25 were commissions on recharges, processing, and interest on servicing loans, payment gateways, and technology platforms. However, the company did not provide an income breakdown in its quarterly report. Notably, Mobikwik's payment business grew 166% in Q3 FY25 to Rs 196.5 crore. According to the press release, MobiKwik's registered user base has grown to 167 million with 5 million merchants. The company’s payment of GMV has also increased by 2X year-on-year to Rs 29,400 crore. On the cost side, expenditures on the payment gateway were the largest cost center, accounting for 45.4% of the overall cost, which stood at Rs 144 crore in Q3 FY25. The cost of employee benefits and lending fees was recorded at Rs 44 crore and Rs 25 crore, respectively. Its financial guarantee, legal, advertising, finance, and other overheads took its total expenditure up by 44.1% to Rs 317 crore in Q3 FY25 from Rs 220 crore in Q3 FY24. In the end, Mobikwik reported a net loss of Rs 55.2 crore in Q3FY25, compared to a profit of Rs 5.1 crore in the same quarter of the previous fiscal year. During the first nine months of the ongoing fiscal year, its bottom line is negative at Rs 65.4 crore. Mobikwik made its debut on the stock exchange last Dec 24 with an impressive 59% premium on its issue price on the first day of its listing. The company is currently trading at Rs 406.75 (as of 14:25) with a total market capitalization of Rs 3,160 crore or (approximately $376 million).

Aye Finance profit halves in Q1 FY26; revenue up 21%

EntrackrEntrackr · 4m ago
Aye Finance profit halves in Q1 FY26; revenue up 21%
Medial

Microlending platform Aye Finance has shown moderate growth in the first quarter of the ongoing fiscal year (Q1 FY26). The firm’s revenue grew by 21% over the period, while profit fell by 50%. Aye Finance's revenue from operations increased 21.5% to Rs 407 crore in Q1 FY26, compared to Rs 335 crore in Q1 FY25, its unaudited financial statements sourced from the company’s website show. On a quarter-on-quarter basis, Aye Finance’s operating revenue remained flat at Rs 407 crore in Q1 FY26 as compared to Rs 409 crore in Q4 FY25. Aye Finance generated the majority of its revenue from interest income which accounted for 89% of income. This revenue source increased 16% to Rs 361 crore in Q1 FY26. The rest of the revenue came from gains on fair value and commissions. The company also made Rs 9 crore from non-operating sources which took Aye Finance’s total revenue to Rs 416 crore in the first quarter. On the expense front, finance cost remained the largest cost center for Aye Finance, accounting for 33% of its total expenditure. This expense increased by 17% year-on-year, rising to Rs 126 crore in Q1 FY26 from Rs 108 crore in Q1 FY25. Employee benefit rose 40% to Rs 115 crore in Q1 FY26 from Rs 82 crore in Q1 FY25. Overall, Aye Finance's total costs grew 39% to Rs 375 crore in Q1 FY26 from Rs 269 crore in Q1 FY25. Due to expense outpacing revenue growth, profit decreased 50% to Rs 30.5 crore in Q1 FY26 from Rs 61 crore in Q1 FY25. The company reported a positive EBITDA of Rs 172 crore. Aye Finance received final approval from the market regulator for its public listing, following the submission of its Draft Red Herring Prospectus (DRHP) in December. The forthcoming IPO will include a fresh issue of equity shares totaling Rs 885 crore, alongside an offer-for-sale (OFS) of Rs 565 crore. Investors such as LGT Capital, CapitalG LP, A91 Emerging Fund I LLP, and Alpha Wave Ventures are expected to participate in the OFS.

Smartworks posts Rs 472 Cr revenue in Q3 FY26; turns profitable

EntrackrEntrackr · 5h ago
Smartworks posts Rs 472 Cr revenue in Q3 FY26; turns profitable
Medial

Managed office space provider Smartworks has posted its quarterly results for the third quarter of the ongoing fiscal year. The firm turned profitable during Q3 FY26 alongside double-digit revenue growth. Smartworks’ revenue from operations rose 34% year-on-year to Rs 472 crore in the quarter ending December 2025 from Rs 352 crore in Q3 FY25, according to its unaudited consolidated financial statements filed with the National Stock Exchange (NSE). Smartworks generated most of its revenue from developing, designing, and licensing serviced office spaces and fit-out services, with additional income from other ancillary offerings. It also booked Rs 16 crore from non-operating activities, pushing total income to Rs 488 crore in the quarter, compared to Rs 364 crore in Q3 FY25. For the nine months period, Smartworks’ revenue was up 26% to Rs 1,276 crore from Rs 1,016 crore, a year earlier. On the cost front, depreciation remained the largest expense at Rs 223 crore, followed by operating expenses of Rs 132 crore. Finance costs, employee benefits, and marketing took the total expenditure to Rs 486 crore, compared to Rs 445 crore in the same quarter last year. The decent growth in scale and cost control mechanisms helped the firm to gain profitability of Rs 1.2 crore in Q3 FY26 from a loss of Rs 16 crore a year ago. Smartworks listed on the NSE in July last year at Rs 435 per share, a 7% premium to its IPO price of Rs 407. The stock closed at Rs 474 on the last trading session, valuing the company at Rs 5,416 crore (approximately $599 million).

PB Fintech posts Rs 1,292 Cr revenue and Rs 72 Cr profits in Q3 FY25

EntrackrEntrackr · 11m ago
PB Fintech posts Rs 1,292 Cr revenue and Rs 72 Cr profits in Q3 FY25
Medial

PB Fintech’s revenue increased to Rs 1,292 crore in Q3 FY25 as compared to Rs 871 crore during Q3 FY24, as per the firm’s unaudited consolidated financial results. PB Fintech, the parent company of Policybazaar and Paisabazaar, recorded a 48.3% year-on-year increase in revenue during the third quarter of the ongoing fiscal year (FY25). At the same time, the firm nearly doubled its profits, maintaining strong growth in earnings. Insurance broking formed 87.6% of the total collections which surged by 62.4% to Rs 1,132 crore during Q3 FY25 from Rs 697 crore in Q3 FY24. The income from other operating activities, which include marketing, advertising, consulting, and support services, plunged 8% to Rs 160 crore in the same period. The firm earned Rs 100 crore from non-operating activities including financial income, tallying its overall revenue to Rs 1,392 crore in Q3 FY25, compared to Rs 965 crore in the same quarter of the previous fiscal year. For PB Fintech, employee benefits cost remained the largest cost center forming 37% of the overall expenditure. This cost increased by 22.4% YoY to Rs 487 crore in Q3 FY25 from Rs 398 crore in Q3 FY24. This includes Rs 51 crore as ESOP expense (non-cash). The company’s spending on advertising and promotional grew 34% to Rs 289 crore. Its network, internet, legal, rent, and other overheads pushed its total expenditure to Rs 1,307 crore in Q3 FY25 from Rs 926 crore in Q3 FY24. The significant year-on-year growth helped PB Fintech to post a 94.6% surge in profits to Rs 72 crore in Q3 FY25 from Rs 37 crore in the third quarter of the previous fiscal year. On a unit level, the Gurugram-based firm spent Rs 1.01 to earn a rupee in Q3 FY25. PB Fintech ended the day on January 30 with a share price of Rs 1,659.7 and a total market capitalization of Rs 76,225 crore (approximately $9 billion).

EaseMyTrip profit falls 98% in Q1 FY26; spends Rs 370 Cr on 3 acquisitions

EntrackrEntrackr · 5m ago
EaseMyTrip profit falls 98% in Q1 FY26; spends Rs 370 Cr on 3 acquisitions
Medial

EaseMyTrip profit falls 98% in Q1 FY26; spends Rs 370 Cr on 3 acquisitions Online travel aggregator (OTA) platform EaseMyTrip has reported dismal performance during the last quarter, with revenue declining over 25% and profit plunging 98% to Rs 44 lakh. EaseMyTrip’s operating revenue decreased by 25.5% to Rs 114 crore in Q1 FY26 from Rs 25.5 crore in Q1 FY25, as per its financial statements filed with the National Stock Exchange (NSE). Air ticketing contributed 50% of the company’s revenue but fell 47% to Rs 57 crore in Q1 FY26, down from Rs 107 crore in Q1 FY25. Hotel packages accounted for 28.5% of total revenue, generating Rs 32.5 crore. Including other undisclosed income, its total income for Q1 FY26 stood at Rs 120 crore, compared to Rs 156 crore in Q1 FY25. On a quarter-on-quarter basis, EaseMyTrip’s operating revenue fell 18% to Rs 114 crore in Q1 FY26 from Rs 139 crore in Q4 FY25. In line with its scale, total expenses rose 8% to Rs 118 crore in Q1 FY26 from Rs 109 crore in Q1 FY25. Service costs accounted for 15% of the total, falling 5% to Rs 18 crore in Q1 FY26. Payment gateway charges, employee benefits, and advertising were other major costs for EaseMyTrip in the last quarter. EaseMyTrip’s profit after tax (PAT) fell 98.7% to Rs 44 lakh in Q1 FY26 as compared to Rs 34 crore in Q1 FY25. On a unit basis, the Delhi-based company spent Rs 1.04 to earn a rupee of operating revenue with EBITDA of Rs 6.2 crore during the last quarter. In its board meeting, the company also approved an investment of Rs 175 crore in Three Falcons Notting Hill Limited for a 50% stake, the acquisition of 100% stake in AB Finance Private Limited for Rs 194.4 crore, and approved an investment in Vashu Bhagnani Industries Limited. EaseMyTrip closed Thursday's trading session at Rs 9.22, with a 4% increase in its share price. The company’s total market capitalization stood at Rs 3,353 crore (approx $383 million).

TBO Tek posts Rs 422 Cr revenue in Q3 FY25 with flat profits

EntrackrEntrackr · 11m ago
TBO Tek posts Rs 422 Cr revenue in Q3 FY25 with flat profits
Medial

Travel Boutique Online (TBO) has announced its quarterly results. The Gurugram-based company recorded a 29.1% year-on-year increase in its revenue while its profits remained flat during the third quarter of the ongoing fiscal year Q3 FY25. TBO’s operating revenue increased by 29.1% to Rs 422 crore in Q3 FY25 from Rs 327 crore in Q3 FY24, its unaudited consolidated financial statements sourced from the National Stock Exchange (NSE) show. Income from booking of hotels and packages accounted for 79.8% of TBO’s revenue, which increased 44% year-on-year to Rs 337 crore in Q3 FY25 from Rs 233 crore in Q3FY24. Meanwhile, income from air ticketing and other allied services brought Rs 74 crore and Rs 11 crore to the firm’s topline. Since hotels and packages were the largest revenue source, the service fees associated with them became the biggest cost center, accounting for 32.7% of the total expenditure, which amounted to Rs 126 crore in Q3 FY25. Its employee benefits stood at Rs 100 crore in the third quarter. Overall, the total cost was up by 36.5% to Rs 385 crore in Q3FY25 from Rs 282 crore in Q3FY24. The total cost surge outpaced the revenue, leading TBO Tek to post a marginal decrease in its profits to Rs 49.9 crore in Q3 FY25 from Rs 50.7 crore in Q3 FY24. On a sequential basis, its quarter-on-quarter scale slowed down by 6% while its bottom line decreased by 16.8% from Rs 60 crore in Q2FY25. TBO Tek saw around a 1% increase in its stock, which stood at Rs 1,638 (as of 04.17 PM) with a total market capitalization of Rs 17,786 crore or ($2.1 billion).

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