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KKR-backed Livspace's topline rises 21% in FY24, EBITDA loss halves

VCCircle

VCCircle · 10m ago

KKR-backed Livspace's topline rises 21% in FY24, EBITDA loss halves

KKR-backed Livspace, a home interior and renovation company, has reported a 21% increase in revenue and a halving of its adjusted EBITDA loss for FY24. The company's revenue reached INR 1,185 crore ($158 million) and its adjusted EBITDA loss decreased to INR 246.7 crore. Livspace has seen strong growth in the residential segment, particularly in the premium and mass premium sectors. It expects to achieve profitability by the end of the year and is considering an India listing within the next 18-24 months. Livspace offers a range of home interior solutions and has a network of over 90 stores in India.

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Livspace posts Rs 1,148 Cr revenue in FY23

Entrackr

Entrackr · 1y ago

Livspace posts Rs 1,148 Cr revenue in FY23

KKR-backed home interior platform Livspace experienced impressive year-on-year growth of 85% during FY23. However, the company also incurred a loss of nearly Rs 621 crore (SGD 101.7 million) in the same period. Livspace's revenue from operations increased to Rs 1,148 crore (SGD 188.1 million) during FY23, primarily driven by product sales, which accounted for 50% of revenue. Despite the losses, the company's growth and efficient expense management indicate potential for future profitability.

Chaayos’ Loss Halves To INR 54 Cr In FY24

Inc42 · 7m ago

Chaayos’ Loss Halves To INR 54 Cr In FY24

Chaayos witnessed a significant improvement in its financial performance during FY24. The company managed to halve its loss to INR 54 crore, while its operating revenue increased modestly by 4.89% to reach INR 248.6 crore. Additionally, Chaayos successfully reduced its total expenditure by 3.69% to INR 352.2 crore. Notably, the company achieved a positive EBITDA of INR 28.3 crore, compared to an EBITDA loss of INR 22.1 crore in the previous fiscal year.

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

Inc42 · 10m 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.

Curefoods’ FY24 Loss Halves To INR 173 Cr

Inc42 · 7m ago

Curefoods’ FY24 Loss Halves To INR 173 Cr

Curefoods significantly reduced its FY24 losses by 49.64%, driven by substantial revenue growth and improved margins. The company's operating revenue surged by 53.17% to INR 585.1 crore, up from INR 382 crore the previous fiscal year. Additionally, the EBITDA loss decreased to INR 82.8 crore compared to INR 275.7 crore in FY23, while the EBITDA margin improved from -72% to -14%, reflecting better financial performance and operational efficiency.

TPG, KKR-backed Livspace posts strong revenue growth in FY23, narrows EBITDA loss

VCCircle

VCCircle · 1y ago

TPG, KKR-backed Livspace posts strong revenue growth in FY23, narrows EBITDA loss

Livspace, a home décor startup backed by private equity firms TPG and KKR, reported substantial revenue growth and reduced its EBITDA loss for the fiscal year ending in March 2023. The company achieved an 85% increase in its top-line revenue across the business during this period.

Boat reports 5% revenue decline in FY24, net loss halves

Economic Times

Economic Times · 10m ago

Boat reports 5% revenue decline in FY24, net loss halves

- Boat's revenue declined by 5% for FY24, reaching Rs 3,121.6 crore. - The company reduced its net loss by 48% to Rs 70.8 crore during the same period. - Boat's audio business remained flat in the second half of FY24, with a shift towards online sales. - The headphone segment experienced a decline, while the speaker business posted flat results. - Despite facing margin pressure due to fierce competition and declining average selling price, Boat expects improved Ebitda and PBT margins in FY25. - Boat plans to go for an IPO next year and expand internationally in the UAE.

Razorpay projects EBITDA breakeven in FY26

The Arc Web

The Arc Web · 9m ago

Razorpay projects EBITDA breakeven in FY26

Razorpay's management anticipates that the company's EBITDA loss will shrink further in FY25 before it declares a small EBITDA profit of $3-4 million in FY26. It has projected a topline of nearly $550-600 million for FY26.

Tencent-backed Practo misses FY24 revenue target, trims EBITDA loss

VCCircle

VCCircle · 7m ago

Tencent-backed Practo misses FY24 revenue target, trims EBITDA loss

Tencent-backed Practo achieved a 23% revenue growth to Rs 240 crore in FY24 but fell short of its 44% target. It significantly reduced its EBITDA loss from Rs 99.4 crore in FY23 to Rs 17 crore and recorded an adjusted EBITDA profit in Q4. Practo aims to be EBITDA-positive by FY25, focusing on expanding its core business, which includes booking medical appointments and offering telemedicine services. The company operates in 22 countries and is backed by investors like Tencent.

PS IT Infrastructure & Services Q3 FY24 Results Live: Loss Rises by 47.2% YoY

Livemint

Livemint · 1y ago

PS IT Infrastructure & Services Q3 FY24 Results Live: Loss Rises by 47.2% YoY

PS IT Infrastructure & Services reported their Q3 FY24 results, with a 0% decrease in the topline and a 47.2% increase in losses YoY. Compared to the previous quarter, revenue declined by 100% and losses decreased by 99.82%. Selling, general & administrative expenses decreased by 97.29% QoQ and 1.08% YoY, while operating income increased by 99.82% QoQ and decreased by 8.28% YoY. The EPS for Q3 FY24 was ₹-0.01, a decrease of 50% YoY.

D2C Startup Arata’s Sales Jump 50% To INR 21 Cr In FY24

Inc42 · 8m ago

D2C Startup Arata’s Sales Jump 50% To INR 21 Cr In FY24

Summary: The startup has seen a significant increase in operating revenue, reaching INR 21 Cr in FY24, compared to INR 14 Cr in FY23. However, the company also reported a loss of INR 4.3 Cr in FY24, which is a 54% decrease from the INR 9.4 Cr loss reported in the previous year. Total expenditure remained relatively stable at INR 26.5 Cr in FY24, similar to the previous year's expenditure.

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