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Pine Labs posts Rs 42 Cr profit in Q3 FY26; revenue grows 24%

EntrackrEntrackr · 1m ago
Pine Labs posts Rs 42 Cr profit in Q3 FY26; revenue grows 24%
Medial

Fintech major Pine Labs announced its financial results for Q3 FY26 after debuting on Indian stock exchanges in the same quarter. The firm’s revenue increased by 24% during the third quarter, while it remained profitable in the same period. The company’s revenue from operations increased to Rs 744 crore in Q3 FY26 from Rs 601 crore in the same quarter last year, according to its financial statement sourced from NSE. Other income contributed an additional Rs 36 crore, which drove its total income to Rs 780 crore for the quarter. For the nine-month period ending December 2025, the firm’s revenue increased 20% to Rs 2,010 crore from Rs 1,676 crore, a year earlier. On the expense side, employee benefit was the largest cost centre, which accounted for 37% of the total expense. This cost increased by 5% to Rs 263 crore in Q3 FY26 from Rs 251 crore in Q3 FY25. Cost of material rose 51% to Rs 104 crore in Q3 FY26 from Rs 69 crore in Q3 FY25. Finance cost and depreciation cost were other overheads which led to the total expense to increase by 13% to Rs 705 crore in Q3 FY26. Pine Labs entered profitability on the back of steady growth and disciplined cost control, reporting a net profit of Rs 42 crore in Q3 FY26 versus a loss of Rs 57 crore in Q3 FY25. For the nine-month period, the company posted a profit of Rs 53 crore. Pine Labs made a positive debut on the public markets, listing at a 9.5% premium over its issue price. The stock opened at Rs 242 per share against the IPO price of Rs 221, giving the Peak XV-backed firm a stable start on the NSE and BSE. Earlier this month, Pine Labs received RBI approval to fully acquire RBI-licensed account aggregator Agya Technologies, increasing its stake to 100% from its previous associate company status. The company’s share is trading at Rs 233, giving it a market capitalization of Rs 26,736 crore (approximately $2.9 billion).

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

EntrackrEntrackr · 1m 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).

TBO Tek revenue grows 86% to Rs 784 Cr in Q3 FY26

EntrackrEntrackr · 15d ago
TBO Tek revenue grows 86% to Rs 784 Cr in Q3 FY26
Medial

Travel Boutique Online (TBO) has announced its quarterly results today. The Gurugram-based company recorded an 86% year-on-year increase in its revenue while its profits remained nearly flat during the third quarter of FY26. TBO’s operating revenue increased to Rs 784 crore in Q3 FY26 from Rs 422 crore in Q3 FY25, its unaudited financial statements sourced from the National Stock Exchange (NSE) show. Income from booking of hotels and packages accounted for 84% of TBO’s revenue, which increased 96% year-on-year to Rs 661 crore in Q3 FY26 from Rs 337 crore in Q3 FY25. Meanwhile, income from air ticketing and other allied services brought Rs 82 crore and other income sources added Rs 41 crore to the firm’s topline. Since hotels and packages were the largest revenue source, the service fees associated with them naturally became the biggest cost center, accounting for 42% of the total expenditure, which amounted to Rs 301 crore in Q3 FY26. Its employee benefits stood at Rs 165 crore in the last quarter. Overall, the total cost was up by 88% to Rs 725 crore in Q3 FY26 from Rs 385 crore in Q3 FY25. TBO Tek posted an 8% increase in its profits to Rs 54 crore in Q3 FY26 from Rs 50 crore in Q3 FY25. For the nine-month period, its profit increased 8% to Rs 184 crore. At the end of today’s trading session, TBO Tek’s stock was priced at Rs 1,539 with a total market capitalization of Rs 16,711 crore (approx $1.8 billion). TBO Tek reported strong revenue growth in Q3 FY26, led by higher hotel and package bookings. However, costs rose at a similar pace, limiting profit growth during the quarter. The company continues to scale its core segments, but margins will depend on how efficiently it manages service fees and operating expenses in the coming quarters.

WeWork India posts Rs 17 Cr profit in Q3 FY26; revenue grows 29%

EntrackrEntrackr · 1m ago
WeWork India posts Rs 17 Cr profit in Q3 FY26; revenue grows 29%
Medial

Managed office space provider WeWork India has announced its financial results for the third quarter of the ongoing fiscal year. The company posted a profit of Rs 17 crore in the period. The company’s revenue from operations grew 29% year-on-year to Rs 634 crore in Q3 FY26 from Rs 492 crore in the same quarter last year, according to its financial statement sourced from NSE. Other income contributed an additional Rs 10 crore, which drove its total income of Rs 644 crore for the quarter. For the nine-month period ending December 2025, the firm’s revenue increased 24% to Rs 1,744 crore from Rs 1,410 crore in the same period last year. On the expense side, depreciation (lease-related) was the largest burn, which stood at Rs 246 crore, whereas employee benefits expenses increased to Rs 52 crore. Finance costs amounted to Rs 152 crore, which pushed the firm’s total cost to Rs 624.5 crore in the third quarter. WeWork posted a profit of Rs 17 crore in Q3 FY26 as compared to a loss of Rs 83 crore in Q3 FY25. For the nine months, the company’s profit stood at Rs 9 crore. WeWork India made a flat debut on Indian stock exchanges, listed at Rs 650 per share, only 0.3% premium over its issue price of Rs 648. On BSE, the stock opened at Rs 646.5. WeWork India’s shares are currently trading at Rs 561.40 (as of 11:12 AM), giving the company a total market capitalization of Rs 7,508 crore ($817 million).

Ixigo posts Rs 317 Cr revenue in Q3 FY26; profit grows 55%

EntrackrEntrackr · 1m ago
Ixigo posts Rs 317 Cr revenue in Q3 FY26; profit grows 55%
Medial

Ixigo posts Rs 317 Cr revenue in Q3 FY26; profit grows 55% Online travel aggregator (OTA) Ixigo released its financial results for the third quarter of the ongoing fiscal year (Q3 FY26) on Thursday. The company reported a 31% growth in scale, while the company also increased its profit during the same period. Ixigo’s revenue from operations increased to Rs 317.6 crore in Q3 FY26 in contrast to Rs 242 crore in Q3 FY25, as per the firm’s unaudited financial results sourced from the National Stock Exchange (NSE). The Gurugram-based company generated the largest share (42%) of its operating revenue from train ticketing, which rose to Rs 134 crore in Q3 FY26 from Rs 120 crore in Q3 FY25. Flight and bus booking services contributed 32% and 24% to the company’s revenue, respectively. Besides operating revenue, the firm also earned Rs 16.5 crore via interest and gains from financial assets during the quarter which took its total income to Rs 334 crore in the quarter ending December 2025. Ixigo has not provided a detailed breakdown of expenses in its quarterly financial statements. However, employee benefits expenses rose by 15% YoY to Rs 45 crore. Overall, the company's total costs grew 32% to Rs 296 crore in Q3 FY26 compared to Rs 224 crore in Q3 FY25. Ixigo increased its profit by 55% to Rs 24 crore in Q3 FY26, as compared to a profit of Rs 15.5 crore in Q3 FY25. The company also approved the grant of 98,944 stock options under its ESOP scheme (2013, 2016, 2021). The ESOP is valued at around Rs 2.3 crore according to the company’s share price. The company’s competitor MakeMyTrip posted $295 million revenue in Q3 FY26 with its loss falling by 74% to $7 million in the period. At the close of trading on Thursday (Jan 22), Ixigo’s shares were priced at Rs 235, giving the online travel aggregator a market capitalization of Rs 10,320 crore (approximately $1.1 billion).

Go Digit posts Rs 2,160 Cr revenue in Q3 FY26; PAT up 18%

EntrackrEntrackr · 1m ago
Go Digit posts Rs 2,160 Cr revenue in Q3 FY26; PAT up 18%
Medial

Go Digit General Insurance Limited reported steady growth in the third quarter of FY26, with operating revenue (net premium) rising 4% to Rs 2,160 crore from Rs 2,084 crore in Q3 FY25. Its profit also grew 18% during the quarter. Net premiums written saw a dip of 4.5% this quarter to Rs 2,142 crore in Q3 FY26 compared to Rs 2,242 crore in the same quarter last year, according to its quarterly results reported on the NSE. The firm’s income from investments grew 17% to Rs 337 crore in Q3 FY26, compared to Rs 288 crore in the third quarter of FY25, steered by a stronger investment portfolio performance. In the end, its total income for Q3 FY26 stood at Rs 2,498 crore, against Rs 2,372 crore in the corresponding quarter of the previous year. Go Digit reported flat expenses in Q3 FY26, commissions and brokerage costs amounted to Rs 603 crore in Q3 FY26, as compared to Rs 543 crore in Q3 FY25. Employee benefits also saw a slight increase, with expenses totaling Rs 95 crore in Q3 FY26. These increases contributed to the overall 3% rise in the firm's expenses during the quarter to Rs 2,386 crore. In terms of claims, the company paid out Rs 1,311 crore in claims during Q3 FY26 against Rs 949 crore in Q3 FY25. There was also a change in outstanding claims, decreasing to Rs 256 crore in Q3 FY26 compared to Rs 571 crore in Q3 FY25. The company’s PAT (Profit after Tax) increased by 18% to Rs 140 crore in Q3 FY26 from Rs 118.5 crore in Q3 FY26. For the nine months period ending December 2026, the company’s profit stood at Rs 64 crore. At the end of the day, Go Digit’s share price was trading at Rs 325 per share, giving the company a total market capitalization of Rs 30,039 crore ($3.2 billion).

Shadowfax revenue grows 65% to Rs 1,159 Cr in Q3 FY6; profit spikes 5X

EntrackrEntrackr · 15d ago
Shadowfax revenue grows 65% to Rs 1,159 Cr in Q3 FY6; profit spikes 5X
Medial

Shadowfax Technologies has announced its financial results for Q3 FY26 after debuting on Indian stock exchanges last quarter. The firm’s revenue increased by 65% during the third quarter, while its profit stood at Rs 35 crore. The company’s revenue from operations increased to Rs 1,159 crore in Q3 FY26 from Rs 701 crore in the same quarter last year, according to its financial statement sourced from NSE. Shadowfax operates in the last-mile and hyperlocal logistics space, serving ecommerce marketplaces, D2C brands and quick commerce players. It competes with players such as Delhivery, XpressBees, Ecom Express and Ekart, in a segment marked by intense competition. Other income contributed an additional Rs 7 crore, which drove its total income of Rs 1,166 crore for the quarter. For the nine-month period ending December 2025, the firm’s revenue increased 67% to Rs 2,965 crore from Rs 1,772 crore a year earlier. The company did not provide proper expense breakup; however, its finance cost rose 65% to Rs 109 crore in Q3 FY25 from Rs 66 crore in Q3 FY25. Finance cost and depreciation cost stood at Rs 6 crore and Rs 32 crore respectively. Overall, the company’s total expense rose 62% to Rs 1,131 crore in Q3 FY26 from Rs 700 crore in Q3 FY25. Shadowfax posted a profit spiked 5X to Rs 35 crore in Q3 FY26, as compared to Rs 7 crore in Q3 FY25. On a sequential basis, the company’s profit increased 2.7X from Rs 13 crore in Q2 FY26. Shadowfax Technologies' shares debuted on Indian exchanges at a muted discount, listing at Rs 112–113 (nearly 9% below the Rs 124 IPO upper price band). The company had raised Rs 1,907 crore via the IPO, which was open from January 20–22. At the end of today’s trading session, Shadowfax’s share price traded at Rs 125, giving the firm a total market capitalization of Rs 6,249 crore ($796 million).

PhysicsWallah posts Rs 1,082 Cr revenue in Q3 FY26; profit grows 33%

EntrackrEntrackr · 21d ago
PhysicsWallah posts Rs 1,082 Cr revenue in Q3 FY26; profit grows 33%
Medial

PhysicsWallah posts Rs 1,082 Cr revenue in Q3 FY26; profit grows 33% Edtech unicorn PhysicsWallah delivered strong performance in Q3 FY26, in which the company posted 34% year-on-year revenue growth. The company’s profit crossed Rs 100 crore mark during the quarter. PhysicsWallah’s operating revenue grew nearly 34% to Rs 1,082 crore in Q3 FY26 from Rs 810 crore in Q3 FY25, according to its consolidated financial statement sourced from NSE. While the filing does not disclose a detailed revenue breakup, the company primarily earns from its online and offline courses for JEE, NEET, other engineering exams, and state boards, along with the sale of study materials. It also made Rs 65 crore via interest and gains on financial assets which took the overall revenue to Rs 1,147 crore in Q3 FY26. For the nine-month period, the company’s revenue increased 31% to Rs 2,981 crore as compared to Rs 2,277 crore, a year earlier. On the expense side, employee benefits remained the largest cost centre, accounting for 50% of total expenses at Rs 490 crore in Q3 FY26, a 41% rise from the same quarter last year. Depreciation and amortisation expenses stood at Rs 113 crore, while direct expenses increased nearly 22% to Rs 113 crore during the quarter. Total expenses for the Alakh Pandey-led firm rose 33% year-on-year to Rs 980 crore in Q3 FY26 from Rs 738 crore in Q3 FY25. The company’s profit increased by 33% to Rs 102 crore in Q3 FY26 from Rs 77 crore in Q3 FY25. Sequentially, the company’s profit rose 46% from Rs 70 crore in Q2 FY26. At the end of today’s trading session, the Noida-based company’s share price closed at Rs 122, giving it total market capitalization of Rs 34,888 crore ($3.8 billion). PhysicsWallah made a stronger-than-expected public market debut, listing at Rs 145 per share on the NSE, a 33% premium over its issue price. The Rs 3,480 crore IPO comprised a Rs 3,100 crore fresh issue and an offer for sale of Rs 380 crore.

Eternal posts Rs 16,315 Cr revenue in Q3 FY26; profit grows 54%

EntrackrEntrackr · 1m ago
Eternal posts Rs 16,315 Cr revenue in Q3 FY26; profit grows 54%
Medial

Eternal posts Rs 16,315 Cr revenue in Q3 FY26; profit grows 54% Gurugram-based foodtech and quick commerce platform Eternal (formerly Zomato) released its financial results for Q3 FY26 on Wednesday. The company reported a 54% increase in profits during the period. Eternal’s revenue from operations grew 3x to Rs 16,315 crore in Q3 FY26, contrasting Rs 5,405 crore in Q3 FY25, according to the firm’s consolidated financial results sourced from the National Stock Exchange (NSE). The major surge in revenue is attributed to its inventory-led approach in the quick commerce business. On a quarter-on-quarter basis, the company’s revenue rose by 20% from Rs 13,590 crore in Q2 FY26. Eternal operates several business units, including a food marketplace, Hyperpure, and a quick commerce platform, BlinkIt. Income from Eternal’s food delivery business (Zomato) contributed 16% of the total revenue in Q3 FY26, growing 29% to Rs 2,676 crore from Rs 2,072 crore in Q3 FY25. Revenue from the quick commerce segment (BlinkIt) saw significant growth, rising 75% to Rs 12,256 crore in Q3 FY26 from Rs 1,399 crore in Q3 FY25. Its B2B business, Hyperpure, saw a growth of 7% to Rs 1,070 crore during the third quarter of FY26. Earnings from the 'Going-out' segment and other non-operating income brought the Eternal Group’s total revenue to Rs 16,663 crore in Q3 FY26. For the nine-month period, the company reported revenue of Rs 38,126 crore and is on track to cross the Rs 50,000 crore revenue milestone for the full fiscal year FY26. The cost of material accounted for 59% of the total expense, and this cost grew by 6.5X to Rs 9,801 crore in Q3 FY26 from Rs 1,500 crore in Q3 FY25. Delivery and related charges increased by 64% to Rs 2,376 crore in Q3 FY26. Employee benefit cost rose 33% to Rs 914 crore, while spending on advertising and marketing almost doubled to Rs 937 crore in Q3 FY26. Overall, the company’s expenditure increased nearly 3X to Rs 16,493 crore in Q3 FY26 from Rs 5,533 crore in Q3 FY25. With the company's revenue growth outpacing expense, its profit increased by 54% to Rs 102 crore in Q3 FY26 from Rs 59 crore in Q3 FY25. On a per-unit basis, the Gurugram-based company spent Rs 1.01 to earn every rupee of revenue during the quarter ending December 2025. The company also informed the stock exchanges that founder Deepinder Goyal will step away from his role as Group CEO and will continue on the board as Vice Chairman. At the end of today’s trading session, Eternal’s share price stood at Rs 283, giving the foodtech platform a market capitalization of Rs 3,32,985 crore (approximately $30 billion).

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