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DCGpac hits profitability as revenue nears Rs 100 Cr in FY24

EntrackrEntrackr · 9m ago
DCGpac hits profitability as revenue nears Rs 100 Cr in FY24
Medial

B2B packaging solutions platform DCGpac has been expanding steadily, reaching nearly Rs 100 crore in revenue for the fiscal year ending March 2024. Moreover, the Gurugram-based company, which raised only Rs 20 crore, achieved profitability during this period. DCGpac’s revenue from operations grew by 21.4%, reaching Rs 96.5 crore in FY24, up from Rs 79.5 crore in FY23, its consolidated financial statements sourced from the Registrar of Companies (RoC) show. DCGpac is a packaging materials supplier offering a range of products and services, including corrugated boxes, courier bags, bubble films, designer boxes, and “Design to Distribution” solutions. Sales of packaging materials represent the sole source of revenue for DCGpac. According to the company’s website, it serves over 50,000 customers, including Blinkit, Shiprocket, Delhivery, Myntra, DHL, Shadowfax, and others. As with other packaging solutions platforms, the cost of materials accounted for 83.17% of DCGpac’s total expenditure, rising by 19% to Rs 80.4 crore in FY24. Employee benefits expenses stood at Rs 8 crore for the last fiscal year. Additional costs, including advertising, warehousing, packing, information technology, printing, and other operating overheads, brought total expenditure up by 17.9% to Rs 96.7 crore in FY24, compared to Rs 82 crore in FY23. Steady growth and careful cost management helped DCGpac achieve profitability in FY24, posting net profits of Rs 19 lakh compared to a loss of Rs 1.67 crore in FY23. DCGpac’s ROCE and EBITDA margin stood at 3.34% and 1.19%, respectively. On a unit level, the company spent Re 1 to earn a rupee of operating revenue in FY24. FY23-FY24 FY23 FY24 EBITDA Margin -1.98% 1.19% Expense/₹ of Op Revenue ₹1.03 ₹1 ROCE -15.66% 3.34% DCGpac has raised a total of Rs 20 crore to date, including a pre-Series Seed round of $1.5 million led by Venture Catalysts, 9Unicorns, and Inflection Point Ventures in April 2022.

A91-backed Exotel's growth skids sharply; hits EBITDA breakeven

VCCircleVCCircle · 7m ago
A91-backed Exotel's growth skids sharply; hits EBITDA breakeven
Medial

A91-backed Exotel's growth skids sharply; hits EBITDA breakeven Credit: 123RF.com Customer engagement platform Exotel, which counts A91 Partners and Blume Ventures among its investors, saw its consolidated operating revenue rise by just 6% to Rs 444.49 crore in the financial year ended March 2024, compared with a growth of 32% in FY23 and 167% in FY22. The Bengaluru-based company, however, narrowed its losses by 65% in the fiscal year 2024 and turned earnings before interest, taxes, depreciation, and amortization (EBITDA) positive in the second and third quarter of FY24. “FY24 has been transformative for Exotel as we advanced our product strategy to empower enterprises with cutting-edge AI-driven solutions,” said Adarsh Dikshith, CFO at Exotel. Advertisement It also expanded its international presence by making inroads into markets like Saudi Arabia, the UAE, and the US. It aims to maintain the growth path by continuing to invest in its AI-based voice bots and conversational quality analysis (CQA) and expand presence beyond India. For the current fiscal year it expects to double earnings before interest, taxes, depreciation, and amortization (EBITDA). Exotel, founded in 2011 by Shivakumar Ganesan, Ishwar Sridharan, Vijay Sharma, and Siddharth Ramesh, helps businesses organise and streamline client interaction with its cloud-based AI-powered customer engagement tool. Advertisement In early 2022, the A91 Partners-sponsored company raised $40 million in a Series D round of investment led by Steadview Capital as it eyed expansion into the Middle East and Southeast Asian countries. A year later, the company let go of some employees citing poor performance and business restructuring which affected 80 employees. So far, the company has raised over $100 million in equity and debt and counts Blume Ventures, Sistema, and 360 One (formerly IIFL Asset Management) as its investors. Advertisement Share article on Leave Your Comments

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