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Smartworks cuts losses by 81% in Q2 FY26; posts Rs 425 Cr revenue

EntrackrEntrackr · 2d ago
Smartworks cuts losses by 81% in Q2 FY26; posts Rs 425 Cr revenue
Medial

Smartworks cuts losses by 81% in Q2 FY26; posts Rs 425 Cr revenue Managed office space provider Smartworks has posted its quarterly results for the second quarter of the ongoing fiscal year. The firm recorded a sharp 81% cut in losses during Q2 FY26 alongside double-digit revenue growth. Smartworks’ revenue from operations rose 21% year-on-year to Rs 425 crore in the quarter ending September 2025 from Rs 350 crore in Q2 FY25, according to its unaudited consolidated financial statements filed with the National Stock Exchange (NSE). Smartworks generated most of its revenue from developing, designing, and licensing serviced office spaces and fit-out services, with additional income from other ancillary offerings. It also booked Rs 16 crore from non-operating activities, pushing total income to Rs 441 crore in the quarter, compared to Rs 361 crore in Q2FY25. On a half-yearly basis, revenue was up nearly 21% to Rs 804 crore in H1 FY26 from Rs 664 crore in H1 FY25. On the cost front, depreciation remained the largest expense at Rs 198 crore, followed by operating expenses of Rs 122 crore. Finance costs, employee benefits, and marketing took the total expenditure to Rs 445 crore, compared to Rs 382 crore in the same quarter last year. The decent growth in scale and cost control mechanisms helped the firm narrow its net loss to Rs 3 crore in Q2 FY26 from Rs 16 crore a year ago. For the six months ended September 2025, its losses were down by 82% to Rs 7 crore in H1 FY26 from Rs 39 crore in H1 FY25. Smartworks listed on the NSE earlier this year at Rs 435 per share, a 7% premium to its IPO price of Rs 407. The stock closed today at Rs 596, valuing the company at Rs 6,818 crore (approximately $769 million). Smartworks competes with Awfis, which went public in May 2024 and currently trades at Rs 595. Awfis posted Rs 355 crore in revenue and Rs 10 crore in net profit in Q1 FY26. The company is yet to file its return for the second quarter.

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Thyrocare posts Rs 216 Cr revenue in Q2 FY26; profit rises 81%

EntrackrEntrackr · 25d ago
Thyrocare posts Rs 216 Cr revenue in Q2 FY26; profit rises 81%
Medial

Thyrocare posts Rs 216 Cr revenue in Q2 FY26; profit rises 81% Diagnostics major Thyrocare Technologies posted a strong performance in the second quarter of FY26, reporting strong growth in both revenue and profit, supported by higher testing volumes across its diagnostic and imaging segments. The company’s consolidated revenue from operations grew 22% year-on-year (YoY) to Rs 216.5 crore in Q2 FY26 from Rs 177.36 crore in Q2 FY25, as per its filings with the stock exchanges. Sequentially, the company’s revenue rose 12% from Rs 193 crore in Q1 FY26. The growth was primarily driven by the diagnostic testing services segment, which contributed over 93% of total revenue, while the imaging services segment (including PET-CT and radiopharmaceuticals) accounted for Rs 14.2 crore during the quarter. Thyrocare’s profit after tax jumped 81% YoY to Rs 47.9 crore in Q2 FY26, compared to Rs 26.4 crore in the corresponding quarter last year, aided by margin expansion and operational leverage. For the first half of FY26, the company recorded a net profit that grew 71% to Rs 86.1 crore from Rs 50.4 crore in H1 FY25. The company’s EBITDA margin improved to 33%, with total expenses growing at a slower pace (10% YoY) than revenue. During the quarter, the cost of materials consumed rose to Rs 59.8 crore, while employee benefits expenses stood at Rs 33.2 crore. Thyrocare’s board has also approved a 2:1 bonus issue, allotting two fully paid-up shares for every existing share held by shareholders as of the record date. The board also declared an interim dividend of Rs 7 per share for FY26, with October 24 set as the record date. At the end of H1FY26, Thyrocare had a total current asset of Rs 323 crore with cash and bank balances of Rs 70 crore. The company is currently traded at Rs 1270.5 (as on 12.35 PM) with the total market capitalization of Rs 6,754 crore ($767 million).

CarTrade posts Rs 193 Cr in revenue, profit doubles to Rs 64 Cr

EntrackrEntrackr · 12d ago
CarTrade posts Rs 193 Cr in revenue, profit doubles to Rs 64 Cr
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CarTrade posts Rs 193 Cr in revenue, profit doubles to Rs 64 Cr Automobile classifieds platform CarTrade announced its financial results for the second quarter of FY26, reporting a 25% year-on-year increase in revenue and a two-fold rise in profit compared to Q2 FY25. CarTrade’s revenue from operations grew 25% to Rs 193.41 crore in Q2 FY26 in contrast to Rs 154.2 crore in Q2 FY25. The company also added another 28.73 crore in other income, taking its total income for Q2 FY26 to Rs 222.14 crore. The Mumbai-based company operates across three segments: Consumer, Remarketing, and Classifieds. Revenue from the Consumer segment accounted for 39.4% of total operating income, rising to Rs 76.24 crore in Q2 FY26 from Rs 55.62 crore in Q2 FY25. The Remarketing and Classifieds segments contributed Rs 62.62 crore and Rs 55.5 crore, respectively. On the expense front, employee benefits accounted for 55% of total spending, increasing 11% to Rs 77.5 crore during the period. CarTrade’s total expenses grew modestly by 5% to Rs 142.2 crore in Q2 FY26. A 25% year-on-year rise in operating revenue, coupled with controlled expenses, helped the firm double its profit to Rs 64 crore in Q2 FY26 from Rs 30.7 crore in Q2 FY25. On a half-yearly basis, the company’s revenue rose 24% year-on-year to Rs 366.45 crore, while its profit more than doubled to Rs 111.13 crore. The firm has also appointed Varun Sanghi as its Chief Strategy Officer (CSO) and senior management personnel.

TBO posts Rs 567 Cr revenue and Rs 67 Cr profit in Q2 FY26

EntrackrEntrackr · 6d ago
TBO posts Rs 567 Cr revenue and Rs 67 Cr profit in Q2 FY26
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TBO posts Rs 567 Cr revenue and Rs 67 Cr profit in Q2 FY26 Business-focused travel distribution platform Travel Boutique Online (TBO) has announced its quarterly results. The Gurugram-based company recorded a 26% year-on-year increase in its revenue while its profits increased by 12% during the second quarter of the ongoing fiscal year Q2 FY26. TBO’s operating revenue increased by 26% to Rs 567 crore in Q2 FY26 from Rs 450 crore in Q2 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 34% year-on-year to Rs 479 crore in Q2 FY26 from Rs 357 crore in Q2 FY25. Meanwhile, income from air ticketing and other allied services brought Rs 78 crore and other income sources added Rs 10 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 40% of the total expenditure, which amounted to Rs 204 crore in Q2 FY26. Its employee benefits stood at Rs 108 crore in the last quarter. Overall, the total cost was up by 28% to Rs 504 crore in Q2 FY26 from Rs 394 crore in Q2 FY25. TBO Tek posted a 12% increase in its profits to Rs 67.5 crore in Q2 FY26 from Rs 60 crore in Q2 FY25. On a half-yearly basis, the company’s profit increased 8% to Rs 130.5 crore in H1 FY26 from Rs 121 crore in H1 FY25. TBO Tek’s stock is trading at Rs 1,497 with a total market capitalization of Rs 16,261 crore. TBO recently announced that its step-down subsidiary TBO LLC acquired Classic Vacations LLC, a US-based luxury travel company, for up to $125 million in an all-cash deal.

Eternal posts 2.8X revenue growth in Q2 FY26; EBIT remains negative at Rs 137 Cr

EntrackrEntrackr · 24d ago
Eternal posts 2.8X revenue growth in Q2 FY26; EBIT remains negative at Rs 137 Cr
Medial

Eternal posts 2.8X revenue growth in Q2 FY26; EBIT remains negative at Rs 137 Cr Foodtech and quick commerce platform Eternal (formerly Zomato) released its financial results for Q2 FY26 on Thursday. The Gurugram-based company reported a 63% decline in profit for the quarter ending September 2025, while its revenue nearly tripled. Importantly, excluding other income of Rs 352 crore and interest costs of Rs 86 crore, Zomato’s parent Eternal posted a negative EBIT of Rs 137 crore in the last quarter. Eternal’s revenue from operations grew 2.8X to Rs 13,590 crore in Q2 FY26 in contrast to Rs 4,799 crore in Q2 FY25, as per the firm’s consolidated financial results sourced from the National Stock Exchange (NSE). 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 18% of the total revenue in Q2 FY26, growing 23% to Rs 2,485 crore from Rs 2,012 crore in Q2 FY25. Revenue from the quick commerce segment (Blinkit) saw significant growth, rising 8.5X to Rs 9,891 crore in Q2 FY26 from Rs 1,156 crore in Q2 FY25. However, Hyperpure saw a fall of 30.5% to Rs 1023 crore during the second quarter of FY26. Earnings from the 'Going-out' segment and other non-operating income brought the Eternal Group’s total revenue to Rs 13,942 crore in Q2 FY26. On a half yearly basis, the company’s revenue grew 2.3X to Rs 20,757 crore in H1 FY26 as compared to Rs 9,005 crore in H1 FY25. The cost of material accounted for 56% of the total expense; this cost grew by 5.8X to Rs 7,742 crore in Q2 FY26 from Rs 1,334 crore in Q2 FY25. Delivery and related charges increased by 58% to Rs 2,213 crore in Q2 FY26. Employee benefit cost rose 46% to Rs 865 crore while spending on advertising and marketing almost doubled to Rs 806 crore in Q2 FY26. Overall, the company’s total expenditure increased by 2.8X to Rs 13,813 crore in Q2 FY26, up from Rs 4,783 crore in Q2 FY25. The 5.8X surge in material cost led the company's profit to fall by 63% to Rs 65 crore in Q2 FY26 from Rs 176 crore in Q2 FY25. On a per-unit basis, the Gurugram-based company spent Rs 1.02 to earn every rupee of revenue during the quarter ending September 2025. Eternal’s share price (as of 15:14 PM) is trading at Rs 342.85, giving the foodtech platform a market capitalization of Rs 3,32,985 crore (approximately $37.92 billion).

Delhivery slips into losses in Q2 FY26; revenue grows 17%

EntrackrEntrackr · 4d ago
Delhivery slips into losses in Q2 FY26; revenue grows 17%
Medial

Fintrackr All Stories Delhivery slips into losses in Q2 FY26; revenue grows 17% Logistics company Delhivery announced its Q2 FY26 results on Wednesday, reporting a 17% year-on-year increase in revenue. The Gurugram-based firm slipped into losses during the same period. Delhivery’s revenue from operations grew to Rs 2,559 crore in Q2 FY26 from Rs 2,190 crore in Q2 FY25, according to its financial statements filed with the National Stock Exchange (NSE). Delhivery's primary revenue sources were its logistics services, including warehousing, last-mile logistics, and designing and deploying logistics management systems. The firm also earned Rs 92 crore from non-operating activities, bringing its total revenue to Rs 2,651 crore in Q2 FY26. For Delhivery, freight handling and servicing costs made up 68% of its total expenditure, rising by 12.5% to Rs 1,843 crore in Q2 FY26. Employee benefit expenses decreased by 22% to Rs 425 crore. Legal, depreciation, and other overhead costs contributed to an 18% increase in overall expenditure, which reached Rs 2,708 crore in Q2 FY26 from Rs 2,294 crore in Q2 FY25. Delhivery's expenditure outpacing revenue resulted in a loss of Rs 50 crore in Q2 FY26, compared to a profit of Rs 10 crore in Q2 FY25. For the half-year, its profit decreased by 37% to Rs 40.5 crore in H1 FY26 as compared to Rs 64.5 crore in H1 FY25. At the end of the last trading session, Delhivery’s share price stood at Rs 486, giving the company a market capitalization of Rs 36,335 crore (approximately $4 billion).

Nykaa posts Rs 33 Cr profit on Rs 2,346 Cr revenue in Q2 FY26

EntrackrEntrackr · 2d ago
Nykaa posts Rs 33 Cr profit on Rs 2,346 Cr revenue in Q2 FY26
Medial

Nykaa posts Rs 33 Cr profit on Rs 2,346 Cr revenue in Q2 FY26 Online beauty and fashion platform Nykaa has continued its strong growth in Q2 FY26, with its revenue from operations rising 25% year-on-year and profits surging 2.5X during the quarter ending September 2025. According to its financial statements sourced from the National Stock Exchange (NSE), Nykaa's revenue from operations grew to Rs 2,346 crore in Q2 FY26, compared to Rs 1,875 crore in Q2 FY25. On a half yearly basis, Nykaa’s operating revenue increased 24% to Rs 4,501 crore in H1 FY26 from Rs 3,621 crore in H1 FY25. The beauty segment accounted for 91% of the total revenue at Rs 2,132 crore, while the fashion segment contributed 8.7% of the operating income in the Q2 FY25. For Nykaa, the cost of materials constituted 56% of its total expenditure, rising to Rs 1,292 crore in Q2 FY26. Additional spending on employee benefits, finance, marketing, technology, and other overheads brought the company’s total costs to Rs 2,297 crore during the quarter. Steady growth in its scale helped Nykaa achieve 2.5X increase in profit to Rs 33 crore in Q2 FY26, compared to Rs 13 crore in Q2 FY25. For the six months ended September 2025, the company’s profit doubled to Rs 57 crore in H1 FY26 from Rs 27 crore in H1 FY25. At the close of today's trading session, Nykaa's stock was priced at Rs 246, giving the company a market capitalization of Rs 70,375 crore ($8 billion).

Go Digit posts Rs 2,088 Cr revenue in Q2 FY26, PAT spikes 30%

EntrackrEntrackr · 11d ago
Go Digit posts Rs 2,088 Cr revenue in Q2 FY26, PAT spikes 30%
Medial

Go Digit General Insurance Limited reported steady growth in the second quarter of FY26, with operating revenue (net premium) rising 10% to Rs 2,088 crore from Rs 1,891 crore in Q2 FY25. Its profit also grew 30%, crossing the Rs 100 crore threshold during the quarter. Net premiums written also saw a rise of 9% this quarter to Rs 2,109 crore in Q2 FY26 compared to Rs 1,928 crore in the same quarter last year, according to its quarterly results reported on the NSE. The firm’s income from investments grew significantly to Rs 320 crore in Q2 FY26, compared to Rs 284 crore in the second quarter of FY26, steered by a stronger investment portfolio performance. In the end, its total income for Q2 FY26 stood at Rs 2,408 crore, against Rs 2,175 crore in the corresponding quarter of the previous year. Go Digit experienced rising expenses in Q2 FY26, including commissions and brokerage costs, which amounted to Rs 603 crore. These expenses stood at Rs 573 crore in Q2 FY25. Employee benefits also saw a slight increase, with expenses totaling Rs 91.5 crore in Q2 FY26. These increases contributed to the overall 10% rise in the firm's expenses during the quarter to Rs 2,334 crore. In terms of claims, the company paid out Rs 1,098 crore in claims during Q2 FY26 against Rs 851 crore in Q2 FY25. There was also a change in outstanding claims, decreasing to Rs 426 crore in Q2 FY26 compared to Rs 483 crore in Q1 FY25. The company’s PAT (Profit after Tax) increased by 30% to Rs 116.5 crore in Q2 FY26 from Rs 89.5 crore in Q2 FY26. For the half year, the company’s profit rose 34% to Rs 255 crore in H1 FY26 from Rs 191 crore in H1 FY25. At the end of the day, Go Digit’s share price was trading at Rs 363.75 per share, giving the company a total market capitalization of Rs 33,586 crore ($3.8 billion).

Swiggy losses widens 74% to Rs 1,092 Cr in Q2 FY26, Instamart grows 2X

EntrackrEntrackr · 10d ago
Swiggy losses widens 74% to Rs 1,092 Cr in Q2 FY26, Instamart grows 2X
Medial

Swiggy reported a 54% YoY rise in operating revenue to Rs 5,561 crore in Q2 FY26 from Rs 3,601 crore a year earlier, while losses jumped over 74% during the quarter. Swiggy, the foodtech and quick commerce major, recorded a 54% year-on-year rise in operating revenue to Rs 5,561 crore in Q2 FY26 from Rs 3,601 crore in Q2 FY25. Despite the strong topline growth, the Bengaluru-based firm’s losses swelled by more than 74% in the quarter, according to its consolidated financial statements filed with the stock exchanges. Scootsy Logistics contributed the largest share, 46%, to Swiggy’s overall operating revenue. Its income grew 76% year-on-year to Rs 2,560 crore in Q2 FY26, up from Rs 1,453 crore in the same quarter last year. Swiggy’s food delivery business also grew strongly, rising 22% year-on-year to Rs 1,923 crore in Q2 FY26, and accounted for nearly 35% of the company’s total revenue during the quarter. Swiggy’s quick commerce arm, Instamart, also posted strong growth, with revenue doubling to Rs 980 crore in Q2 FY26 from Rs 490 crore in Q1 FY25. Swiggy’s Dine Out, Genie, Swiggy Mini and other non-operating income took its total revenue to Rs 5,620 crore in Q2 FY26. On the cost front, procurement of FMCG products for supply chain distribution accounted for 34.9% of Swiggy’s total expenses, rising 69% year-on-year to Rs 2,342 crore in Q2 FY26. Delivery expenses grew 30% to Rs 1,426 crore during the quarter. The company spent Rs 690 crore on employee benefits and Rs 1,039 crore on advertising, which surged 94% year-on-year. Depreciation and amortization expenses also increased 132% to Rs 304 crore. Overall, Swiggy’s total expenses for the quarter increased 56% to Rs 6,711 crore from Rs 4,309 crore in Q2 FY25. A 56% rise in total expenses, led by a 94% increase in advertising costs and a 132% jump in depreciation and amortization, widened Swiggy’s losses by over 74% to Rs 1,092 crore in Q2 FY26 from Rs 626 crore in Q2 FY25. For the first half of FY26, Swiggy reported revenue of Rs 10,522 crore, up 54% from Rs 6,824 crore in H1 FY25. However, its losses also widened by 85% to Rs 2,289 crore during the same period. Recently, Swiggy sold its stake in Rapido for Rs 1,968 crore to Prosus-owned MIH Investments One B.V. and Rs 431.5 crore to Setu AIF Trust and WestBridge, netting Rs 2,399.5 crore in total and earning over 2.5x returns on an investment made less than four years ago.

Bluestone revenue go past Rs 500 Cr in Q2 FY26; controls losses

EntrackrEntrackr · 4d ago
Bluestone revenue go past Rs 500 Cr in Q2 FY26; controls losses
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Bluestone has announced its financial results for the second quarter of the ongoing fiscal year (Q2 FY26) on Tuesday. The firm’s revenue grew by 37.5% year-on-year, while its losses were reduced by 38% in the same period. Bluestone's revenue from operations increased to Rs 513 crore in Q2 FY26, compared to Rs 373 crore in Q2 FY25, its financial statements sourced from the National Stock Exchange (NSE) show. On a half-yearly basis, Bluestone’s operating revenue increased by 39% to Rs 1,006 crore in Q2 FY26 from Rs 722 crore in Q4 FY25. The sale of diamond, gold, platinum, gemstone, and pearl jewelry was the sole source of revenue from Bluestone. However, the firm did not provide a detailed revenue breakdown for the quarter. The company also made Rs 12 crore from non-operating sources, which took Bluestone’s total revenue to Rs 525 crore in the first quarter. On the expense front, the cost of materials remained the largest cost center for Bluestone, accounting for 54% of its total expenditure. This expense increased by 32% year-on-year, rising to Rs 310 crore in Q2 FY26 from Rs 235 crore in Q2 FY25. Employee benefit rose 60% to Rs 72 crore in Q2 FY26. Overall, Bluestone's total costs grew by approximately 23%, reaching Rs 576 crore in Q2 FY26. The growth momentum in the company helped to cut its losses by 38% to Rs 52 crore in Q2 FY26 from Rs 84 crore in Q2 FY25. For the half-year, the company’s loss decreased by 40% to Rs 87 crore in H1 FY26 from Rs 144 crore in H1 FY25. Bluestone launched its initial public offering (IPO) in August 2025, with a price band set between Rs 492 and Rs 517 per share. The stock made its market debut on 19 August 2025 at Rs 510, reflecting a slight 1.3% discount from its issue price of Rs 517 and raised Rs 1,500 crore overall, which included Rs 693 crore garnered from anchor investors earlier that month. At the end of today’s trading session, Bluestone’s share traded at Rs 714, with a 0.4% increase in its share price. The company’s total market capitalization stood at Rs 10,810 crore (approx $1.2 billion).

Paytm posts Rs 2,061 Cr revenue and Rs 21 Cr profit in Q2 FY26

EntrackrEntrackr · 4d ago
Paytm posts Rs 2,061 Cr revenue and Rs 21 Cr profit in Q2 FY26
Medial

Fintech major One97 Communications Ltd (Paytm) reported a 24% year-on-year rise in operating revenue for the quarter ended September 2025 (Q2 FY26), with a profit of Rs 21 crore during the same period. Paytm’s revenue from operations increased to Rs 2,061 crore in Q2 FY26 from Rs 1,659 crore in Q2 FY25, according to unaudited consolidated financial statements scoured from the National Stock Exchange. As per the earnings call, its payment revenue grew 21% YoY to Rs 1,146 crore while income from the financial services biz saw a 63% growth to Rs 611 crore in Q2 FY26. The company also added Rs 222 crore from other non-operating sources, bringing its overall revenue to Rs 2,283 crore in Q2 FY26. Employee benefits remained the largest cost center, accounting for 32% of the overall expenditure, which stood at Rs 663 crore in Q2 FY26, followed by payment processing charges, which recorded at Rs 629 crore in the same period. Its marketing, software, technology, promotional incentive, and other indirect costs took the total expenditure to Rs 2,062 crore in Q2 FY26 from Rs 2,245 crore in the same quarter of the previous fiscal year. Despite the top-line growth, its net profit nosedived 98% YoY to Rs 21 crore from Rs 930 crore a year ago, largely due to the absence of a one-time gain that boosted the base quarter and an impairment loss booked this time. The company took a Rs 190 crore exceptional charge against loans extended to its gaming joint venture, First Games Technology, after the enactment of the Promotion and Regulation of Online Gaming Act, 2025, which prohibits online gaming. Paytm’s cash and cash equivalents stood at Rs 1,835 crore as of September 2025, with total assets rising to Rs 22,537 crore from Rs 21,448 crore at the end of FY25. The company’s board also approved an additional investment of Rs 2,250 crore in Paytm Payments Services Ltd (PPSL) through a rights issue to strengthen the subsidiary’s net worth and fund the transfer of its offline payments business, in line with RBI’s regulatory guidance issued in September 2025. At the end of today’s session, Paytm’s shares were hovering at Rs 1,269 with the total market capitalization of Rs 46,523 crore or $5.2 billion.

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