🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

WeWork posts Rs 575 Cr revenue and Rs 6 Cr profit in Q2 FY26

EntrackrEntrackr · 20d ago
WeWork posts Rs 575 Cr revenue and Rs 6 Cr profit in Q2 FY26
Medial

Managed office space provider WeWork India has announced its financial results for Q2 FY26 after debuting on Indian stock exchanges last month. The company posted a profit of Rs 6.4 crore in the second quarter. The company’s revenue from operations grew 23% year-on-year to Rs 575 crore in Q1 FY26 from Rs 469.5 crore in the same quarter last year, according to its financial statement sourced from NSE. Other income contributed an additional Rs 10.5 crore which drove its total income of Rs 585.5 crore for the quarter. On a half-yearly basis, the firm’s revenue increased 21% to Rs 1,110 crore in H1 FY26 from Rs 918 crore in H1 FY25. On the expense side, depreciation was the largest burn which stood at Rs 231 crore, whereas employee benefits expenses increased to Rs 48 crore. Finance costs amounted to Rs 153 crore which pushed the firm’s total cost to Rs 579 crore in the second quarter. WeWork’s profit decreased by 97% to Rs 6.4 crore in Q2 FY26 as compared to Rs 203 crore in Q2 FY25. (It's worth noting that the company had received a deferred tax credit of Rs 235 crore in Q2 FY25, which contributed a PAT of Rs 203 crore.) On a half-yearly basis, the company posted a loss of Rs 8 crore in H1 FY26 as compared to a profit of Rs 174.5 crore in H1 FY25. WeWork India’s Rs 3,000 crore initial public offering (IPO) was entirely an offer-for-sale (OFS), with the promoter entity, Embassy Buildcon LLP, selling shares worth Rs 2,294 crore, and 1 Ariel Way Tenant, an affiliate of WeWork Global, offloading shares valued at around Rs 706 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. At the end of today’s trading session, WeWork India’s shares closed at Rs 623.9, giving the company a total market capitalization of Rs 8,361 crore ($942 million).

Shadowfax reports Rs 1,806 Cr revenue in H1 FY26, profits double

EntrackrEntrackr · 29d ago
Shadowfax reports Rs 1,806 Cr revenue in H1 FY26, profits double
Medial

Shadowfax reports Rs 1,806 Cr revenue in H1 FY26, profits double Logistics startup Shadowfax, in the first half of FY26, reported over 68% year-on-year revenue growth, with profits more than doubling. Shadowfax Technologies has filed an updated DRHP with SEBI for its IPO, looking to raise Rs 2,000 crore, comprising Rs 1,000 crore through a fresh issue and Rs 1,000 crore via an offer for sale. In the first half of FY26, the company reported over 68% year-on-year revenue growth, with profits more than doubling. For context, Shadowfax reported 32% year-on-year growth in revenue to Rs 2,485 crore in FY25, along with a net profit of Rs 6.4 crore. The Flipkart-backed firm’s operating revenue grew over 68% year-on-year to Rs 1,805.6 crore in H1 FY26 compared to Rs 1,072 crore in the same period last year. Founded in 2015 by Abhishek Bansal, Vaibhav Khandelwal, Praharsh Chandra, and Gaurav Jaithliya, the Bengaluru-based firm provides last-mile delivery across e-commerce and hyperlocal sectors, serving over 14,000 pin codes through 1.25 lakh delivery partners. Revenue from express forward parcel deliveries contributed nearly 69% of the company’s operating revenue, amounting to Rs 1,238.7 crore. The hyperlocal segment, which includes quick commerce delivery services and accounts for around 20% of the business as of H1 FY26, generated Rs 359.3 crore, reflecting an 82.6% year-on-year increase. Other logistics services contributed an additional Rs 207.5 crore. The company also generated Rs 14.2 crore from non-operating activities, pushing its total revenue to Rs 1,819.8 crore in H1 FY26. On the expense side, delivery personnel costs accounted for 53% of the total expenses, amounting to Rs 956 crore in H1 FY26, a 69% year-on-year increase from Rs 565.3 crore in H1 FY25. Transportation costs formed 18% of the total cost at Rs 325.2 crore, while employee benefit expenses grew 40% to Rs 171.8 crore. The company reported a cost of lost shipments amounting to Rs 148.2 crore in H1 FY26, more than three times higher than the previous year. Other overheads, including rent, travel expenses, professional fees, and miscellaneous costs, added another Rs 197.4 crore, taking total expenses to Rs 1,798.7 crore in H1 FY26. Overall, total expenses increased nearly 67% from Rs 1,079 crore in H1 FY25. As revenue growth outpaces expenditures marginally, the firm’s profit surged over 2X to Rs 21 crore during the first half of FY26, compared to Rs 9.8 crore in H1 FY25. On a unit level, Shadowfax spent Rs 1 to earn a rupee of operating income in the period. Its EBITDA margin also improved to 3.56% in H1 FY26. According to data from TheKredible, Shadowfax has raised approximately $246 million to date. Eight Roads Ventures is the largest external stakeholder, followed by Flipkart, NewQuest Asia, and Nokia Growth Partners. As per its UDRHP, the IPO-bound company plans to use the proceeds from the fresh issue of Rs 1,000 crore to expand its logistics infrastructure, enhance technology capabilities, and pursue inorganic growth opportunities. A portion of the funds will also be allocated toward repaying existing borrowings.

Download the medial app to read full posts, comements and news.