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JM Financial's Sonia Dasgupta on a stellar FY24 and the ambition for a better FY25
VCCircle
·
1y ago
Medial
JM Financial, a leading investment banking firm, had a successful financial year in FY24. Sonia Dasgupta, MD & CEO of investment banking at JM Financial, spoke about the company's ambitions for an even better FY25. Established in 1973 by Nimesh Kampani, JM Financial has become a prominent player in the investment banking industry, competing with other major dealmakers. The firm offers a range of services, including M&A, equity, private equity, debt, and advisory.
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JM Financial PE invests in farm equipment maker Balwaan Krishi
VCCircle
·
1y ago
Medial
JM Financial Private Equity, the PE arm of Mumbai-based investment banking firm JM Financial, has invested INR 40 crore ($4.8 million) in Balwaan Krishi, a Jaipur-based farm equipment manufacturer. The investment was made through the third fund of JM Financial, India Growth Fund III. Balwaan Krishi provides small farm equipment to farmers and plans to use the funding to expand its distribution network, drive brand-building initiatives, and meet working capital requirements. The company aims to address challenges in pre-sales advisory, product quality, and after-sales service for farmers. This investment is part of JM Financial's focus on the agritech sector.
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JM Financial initiates buy rating on TBO Tek; estimates Rs 465 Cr revenue in Q4 FY25
Entrackr
·
4m ago
Medial
JM Financial initiates buy rating on TBO Tek; estimates Rs 465 Cr revenue in Q4 FY25 JM Financial Institutional Securities has reiterated its Buy rating on TBO Tek, setting a target price of Rs 1,400. This implies a potential upside of 31.5% from the current market price of Rs 1,065 per share. According to JM Financial, TBO Tek’s revenue from operations will see a 25.8% year-on-year growth to Rs 464.5 crore in Q4 FY25, compared to Rs 369.1 crore in the same quarter the previous fiscal year (Q4 FY24). Revenue from hotel and package bookings is expected to contribute 78.7% of TBO’s total income, rising 34.6% year-on-year to Rs 365.9 crore in Q4 FY25 from Rs 271.8 crore in Q3 FY24. Meanwhile, income from air ticketing and other allied services is projected to add Rs 86.9 crore and Rs 11.6 crore, respectively, to the company’s topline. TBO’s gross profit margin is projected to rise to 70.3% in Q4 FY25, up from 68% in Q4 FY24. Moreover, its profit after tax is expected to see a modest year-on-year growth of 1.28%, reaching Rs 47.2 crore in Q4 FY25, compared to Rs 46.6 crore in the same quarter last year. On a sequential basis, the company is expected to end the previous fiscal year (FY25) with a revenue of Rs 1755.8 crore and a profit of Rs 214.5 crore. TBO Tek ended the day at Rs 1,065.5 on April 8, with a market capitalization of Rs 11,570 crore (approximately $1.36 billion). Notably, the stock had touched its 52-week low just a day earlier, on April 7, 2025.
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JM Financial PE invests Rs 45 crore in Energy Beverages
IndianStartupNews
·
1y ago
Medial
JM Financial Private Equity has invested INR 45 crore in Energy Beverages Pvt. Ltd., the company behind the bottled water brand "Clear." This funding, sourced from JM Financial's Fund III, aims to support brand development, expand production capacities, and enhance the distribution network across India. Clear, founded by entrepreneur Nayan Shah, has gained traction in the HoReCa sector and recently acquired a majority stake in Kelzai Secrets Pvt Ltd. It also introduced a new natural mineral water brand called NubyClear. JM Financial recognizes the growth potential in the Indian bottled water market driven by increased health consciousness and hygiene concerns.
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Justdial shares jump 8.5% intraday to touch a fresh 52-week high after Q3 earnings beat
Inc42
·
1y ago
Medial
Shares of hyperlocal search engine Justdial surged as much as 8.5% and reached a new 52-week high at INR 945.8 on the BSE following their better-than-expected Q3 FY24 earnings. The company reported a 22.3% YoY increase in consolidated net profit to INR 92 Cr, with operating revenue rising almost 20%. JM Financial raised the price target on Justdial stock to INR 1,010, while UBS increased it to INR 1,125.
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Curefoods files IPO papers, to raise Rs 800 crore via fresh issue - The Economic Times
Economic Times
·
1m ago
Medial
Curefoods, a Bengaluru-based cloud kitchen operator, has filed for an IPO to raise Rs 800 crore through a fresh issue and an offer for sale of 48.5 million shares. The company operates over 500 kitchens in 40 cities with brands like CakeZone and Nomad Pizza. Curefoods reported Rs 585 crore in revenue with a Rs 173 crore net loss in FY24 and aims for Ebitda breakeven by FY25. JM Financial, IIFL, and Nuvama are managing the IPO.
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Yatra profit spikes 2.7X in Q4 FY25; revenue doubles
Entrackr
·
2m ago
Medial
Yatra's profit surged 2.7 times in Q4 FY25, with revenue doubling year-on-year. Revenue from operations increased to Rs 219 crore in Q4 FY25 from Rs 108 crore in Q4 FY24. For FY25, operating revenue rose 87% to Rs 791 crore from Rs 422 crore in FY24. Total income for Q4 FY25 was Rs 228 crore, and FY25 total income stood at Rs 823 crore. Expenses totaled Rs 215 crore in Q4 FY25 and Rs 788 crore for FY25. The company's profit reached Rs 15 crore in Q4 FY25, up from Rs 5.5 crore in Q4 FY24. For FY25, Yatra reported a profit of Rs 36.5 crore against a loss of Rs 4.5 crore in FY24. Yatra's share price is Rs 98.23, with a market capitalization of Rs 1,541 crore.
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Bottomline: PE-backed APAC Financial continues profit streak for sixth year
VCCircle
·
2m ago
Medial
APAC Financial Services Pvt Ltd, backed by Renuka Ramnath-led Multiples Alternate Asset Management, reported a net profit for the sixth consecutive year in FY25. The company's net profit increased to Rs 110 crore ($12.8 million) for the financial year ending March 2025. Founded by Gunit Chadha, the firm continues its profitability streak, showcasing sustained financial growth. APAC Financial's performance underscores its successful management and strategy execution in the financial sector.
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Zomato crosses $25 Bn market cap with Rs 253 Cr profits in Q1FY25
Entrackr
·
1y ago
Medial
Foodtech and quick commerce platform Zomato on Thursday released its financial results for the first quarter of the ongoing fiscal year (Q1 FY25). The Gurugram-based company has reported around an 18.1% increase in revenue with a 44.6% growth in profits. Zomato’s revenue from operations grew to Rs 4,206 crore in Q1 FY25 as compared to Rs 3,562 crore in Q4 FY24, its consolidated financial results sourced from the National Stock Exchange (NSE) show. Zomato’s food and delivery biz accounted for 46.17% of the total collection in Q1 FY25 which grew 11.7% to Rs 1,942 crore in Q1 FY25. The revenue from Hyperpure supplies (B2B) and quick commerce vertical (Blinkit) grew 27.4% and 22.5% to Rs 1,212 crore and Rs 942 crore, respectively. Income from “going-out” and other non-operating income took Zomato Group’s overall revenue to Rs 4,442 crore in Q1 FY25. Being a food tech major, the cost for delivery and related charges formed 31.6% of the overall expenditure which increased 18.8% to Rs 1,328 crore in Q1 FY25. The firm’s spending on procurement, employee benefits, advertising, and marketing pushed its overall expenditure to Rs crore 4,203 in Q1FY25 from Rs 3,636 crore in Q4FY24. A stellar growth in scale allowed Zomato to record a 44.6% spike in its profits to Rs 253 crore in Q1 FY25 from Rs 175 crore in Q4 FY24. On a unit level, the company spent Rs 0.99 to earn a rupee in Q1 FY25. With the consistent gain in its market cap, the food tech firm also rewarded its employees with an additional ESOP plan of $458 million. Zomato’s initial public offering opened at Rs 115, a 51% increase from its price band of Rs 76. The company’s current share price is Rs 237.9 (as of 03.40 PM), with a total market capitalization of over $25 billion, which led to Deepinder Goyal becoming a billionaire last month.
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Mamaearth-parent Honasa posts Rs 533 Cr revenue in Q4 FY25; Profit falls 17%
Entrackr
·
2m ago
Medial
Honasa Consumer Limited, the parent company of Mamaearth, has reported a 13% growth in scale, while its year-on-year (YoY) profits decreased by 17% during the same period. Honasa Consumer Limited, based in Gurugram, announced its financial results for the fourth quarter of the last fiscal year (Q4 FY25). The company reported a 13% growth in scale, while YoY profits decreased by 17%. Mamaearth’s Q4 FY25 revenue from operations increased 13% YoY to Rs 533 crore from Rs 471 crore in Q4 FY24. For the full fiscal year (FY25), operating revenue increased 8% to Rs 2,067 crore from Rs 1,920 crore in FY24. The company also added Rs 20 crore from non-operating activities, tallying its overall revenue to Rs 554 crore for Q4 FY25. For FY25, total income was Rs 2,146 crore. The cost of procurement accounted for 30% of the overall expenditure, increasing 11% YoY to Rs 156 crore in Q4 FY25 from Rs 141 crore in Q4 FY24. Spending on employee benefits, marketing, legal, rent, and other overheads led to a 16% YoY rise in total expenditure to Rs 522 crore in Q4 FY25 from Rs 451 crore in Q4 FY24. Total expenses for FY25 were Rs 2,056 crore. The company reported a profit after tax of Rs 25 crore in Q4 FY25, a 17% decrease from Rs 30 crore in Q4 FY24. Profit for FY25 decreased to Rs 73 crore compared to Rs 110 crore in FY24. Recently, the company elevated Karan Bajwa and Avinash Dhagat to CXO roles, following Anuja Mishra's (CMO) resignation. Mamaearth parent’s shares closed at Rs 275, with a marketing capitalization of Rs 8,944 crore ($1.04 billion).
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Ather Energy posts Rs 676 Cr revenue in Q4 FY25, narrows losses by 17%
Entrackr
·
3m ago
Medial
Electric two-wheeler maker Ather Energy has announced its financial results for the fourth quarter of FY25. The company reported a 29% year-on-year jump in its operating revenue compared to Q4 FY24. Ather’s revenue from operations increased by 29% to Rs 676 crore in Q4 FY25, from Rs 523 crore in Q4 FY24, according to its consolidated quarterly report sourced from the National Stock Exchange (NSE). For the full fiscal year (FY25), Ather Energy’s operating revenue increased 29% to Rs 2,255 crore in FY25 from Rs 1,754 crore in FY24. The company’s cost of materials, driven primarily by battery and component procurement, increased by nearly 16% to Rs 564 crore in Q4 FY25 from Rs 488 crore in the same period last year. Employee benefit expenses saw a decline of 29% YoY to Rs 109 crore in Q4 FY25 compared to Rs 154 crore in Q4 FY24. Depreciation and amortization costs rose 18% to Rs 45 crore, while other operational costs jumped nearly 47% to Rs 204 crore. Overall, Ather’s total expenditure grew 13% to Rs 922 crore in Q4 FY25, up from Rs 819 crore in Q4 FY24. For the full financial year ending March 2025, total expenses rose to Rs 3,117 crore as against Rs 2,674 crore in FY24. As a result, the company’s net losses reduced by 17% to Rs 234 crore in Q4 FY25 from Rs 283 crore in Q4 FY24. On a fiscal basis, its net losses came down 23% to Rs 812 crore in FY25 from Rs 1,060 crore in FY24. Ather Energy made its stock market debut on May 6, 2025, listing at Rs 328 per share on the NSE—2.18% above its issue price of Rs 321. However, the stock closed the day at Rs 300. On Monday, it rose 2.8% to trade at Rs 308.7 before market close, bringing its total market capitalization to Rs 11,497 crore ($1.34 billion). Ather's competitor Ola Electric, which saw a nearly 20% decline in operating revenue during Q3 FY25, has yet to file Q4 results.
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