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Smartworks posts Rs 472 Cr revenue in Q3 FY26; turns profitable

EntrackrEntrackr · 20d ago
Smartworks posts Rs 472 Cr revenue in Q3 FY26; turns profitable
Medial

Managed office space provider Smartworks has posted its quarterly results for the third quarter of the ongoing fiscal year. The firm turned profitable during Q3 FY26 alongside double-digit revenue growth. Smartworks’ revenue from operations rose 34% year-on-year to Rs 472 crore in the quarter ending December 2025 from Rs 352 crore in Q3 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 488 crore in the quarter, compared to Rs 364 crore in Q3 FY25. For the nine months period, Smartworks’ revenue was up 26% to Rs 1,276 crore from Rs 1,016 crore, a year earlier. On the cost front, depreciation remained the largest expense at Rs 223 crore, followed by operating expenses of Rs 132 crore. Finance costs, employee benefits, and marketing took the total expenditure to Rs 486 crore, compared to Rs 445 crore in the same quarter last year. The decent growth in scale and cost control mechanisms helped the firm to gain profitability of Rs 1.2 crore in Q3 FY26 from a loss of Rs 16 crore a year ago. Smartworks listed on the NSE in July last year at Rs 435 per share, a 7% premium to its IPO price of Rs 407. The stock closed at Rs 474 on the last trading session, valuing the company at Rs 5,416 crore (approximately $599 million).

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Mobikwik posts Rs 289 Cr revenue and Rs 4 Cr profit in Q3 FY26

EntrackrEntrackr · 2d ago
Mobikwik posts Rs 289 Cr revenue and Rs 4 Cr profit in Q3 FY26
Medial

Fintech platform MobiKwik reported its quarterly results for the third quarter of the ongoing fiscal year (FY26) on Tuesday, with revenue growing 7% year-on-year and gaining profitability. MobiKwik’s revenue from operations increased by 7% to Rs 289 crore in Q3 FY26 from Rs 270 crore in Q3 FY25, its unaudited financial statements accessed from the National Stock Exchange (NSE) show. Commissions on recharges, processing, and interest on servicing loans, payment gateways, as well as platform fee were the primary revenue sources for MobiKwik in Q3 FY26. For the nine-month period, the company’s revenue decreased 8% to Rs 830.5 crore from Rs 902 crore, a year earlier. For the payments platform, payment gateway costs accounted for the largest expense, making up 44% of the total cost of Rs 129 crore in Q3 FY26. Its employee benefit expenses stood at Rs 41 crore, while lending fees aka commission fell to Rs 1 crore. MobiKwik’s financial guarantee, legal, advertising-marketing, finance, and other overheads took its total burn to Rs 293 crore in Q3 FY26 which decreased by 11% as compared to Rs 328 crore in Q3 FY25. With the help of controlled expenses and steady growth, the company turned profitable and posted a profit of Rs 4 crore in Q3 FY26, as compared to a loss of Rs 53 crore in Q3 FY25.

Amagi posts Rs 705 Cr revenue in H1 FY26; turns profitable

EntrackrEntrackr · 27d ago
Amagi posts Rs 705 Cr revenue in H1 FY26; turns profitable
Medial

Fintrackr All Stories Amagi posts Rs 705 Cr revenue in H1 FY26; turns profitable Bengaluru-based SaaS firm Amagi's financials show that the company turned profitable in the first half of FY26, aided by strong revenue growth and improving cost efficiency. Amagi’s operating revenue grew 34.5% to Rs 705 crore in H1 FY26 from Rs 524 crore in H1 FY25, according to its financial statements included in the Red herring prospectus (RHP). The company derives the bulk of its revenue from distribution and payout services, which contributed nearly 98% of operating revenue. Income from this segment rose 36% to Rs 690 crore during the period. Revenue from AdPlus remained largely flat at Rs 15 crore. Including other income of Rs 29 crore, Amagi’s total income increased to Rs 734 crore in H1 FY26 from Rs 551 crore in H1 FY25. Employee benefit expenses, the largest cost component, rose 12.5% to Rs 386 crore and accounted for over 53% of total expenditure. Communication costs increased 32.5% to Rs 216 crore, forming nearly 30% of overall expenses. Other overheads such as legal and professional charges declined to Rs 27 crore, while travel and other expenses together added Rs 71 crore during the period. Overall, total expenses increased at a slower pace of 18.2% to Rs 722 crore in H1 FY26 from Rs 611 crore in H1 FY25. With Amagi’s revenue outpacing the expense growth, it turned profitable in the first half of FY26 and posted a profit of Rs 6.5 crore in H1 FY26, as compared to a loss of Rs 66 crore in H1 FY25. As of September 2025, the Bengaluru-based firm reported cash and bank balances of Rs 397 crore, while its current assets stood at Rs 1,177 crore.

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

EntrackrEntrackr · 15d 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).

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

EntrackrEntrackr · 3m 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.

Swiggy posts Rs 6,148 Cr revenue in Q3 FY26, losses jump 32%

EntrackrEntrackr · 7d ago
Swiggy posts Rs 6,148 Cr revenue in Q3 FY26, losses jump 32%
Medial

Swiggy posts Rs 6,148 Cr revenue in Q3 FY26, losses jump 32% Foodtech and quick commerce major Swiggy has reported a 54% year-on-year growth in its operating revenue, which spiked to Rs 6,148 crore during Q3 FY26 as compared to Rs 3,993 crore in Q3 FY25. However, the Bengaluru-based company’s losses increased in the same period. Scootsy Logistics contributed a major 48% of Swiggy’s overall operating revenue. Income from this entity increased by 76% YoY to Rs 2,981 crore in Q3 FY26 from Rs 1,693 crore in Q3 FY25. Swiggy’s food delivery business continues to be one of the major contributors, accounting for 33% of the total collection in Q3 FY26. Revenues from this vertical grew 25% to Rs 2,039 crore from Rs 1,635 crore in Q3 FY25. The company’s quick commerce segment also saw remarkable growth, with revenue surging by 76% to Rs 1,016 crore in Q3 FY26 from Rs 577 crore in Q3 FY25. Swiggy’s Dine Out, Genie, Swiggy Mini and other non-operating income took its total revenue to Rs 6,244 crore in Q3 FY26. On the cost side, the procurement of FMCG products for supply chain distribution formed 38% of its overall cost, which increased by 76% to Rs 2,746 crore in Q3 FY26. Meanwhile, the delivery charges saw 36% growth to Rs 1,533 crore in Q3 FY26. Swiggy spent Rs 673 crore and Rs 1,108 crore on employee benefits and advertising, respectively. Overall, Swiggy’s total expenses for the quarter increased 49% to Rs 7,298 crore from Rs 4,898 crore in Q3 FY25. The company’s losses increased by 33% to Rs 1,065 crore in Q3 FY26 from Rs 803 crore in Q3 FY25. For the nine-month period, the company’s loss stood at Rs 3,354 crore. As of December 31, 2025, Swiggy had cash and cash equivalents of Rs 13,512 crore, which included Rs 9,931 crore from net QIP proceeds. The company also received around Rs 2,400 crore from the sale of its stake in Rapido, taking its proforma cash balance to about Rs 15,900 crore. Swiggy shares were trading at Rs 324 at the end of Thursday with a total market capitalization of Rs 89,392 crore.

PB Fintech posts Rs 1,711 Cr revenue in Q3 FY26; profit surges 2.6X

EntrackrEntrackr · 3d ago
PB Fintech posts Rs 1,711 Cr revenue in Q3 FY26; profit surges 2.6X
Medial

PB Fintech posts Rs 1,711 Cr revenue in Q3 FY26; profit surges 2.6X PB Fintech has released its financial results for the third quarter of the ongoing fiscal year (Q3 FY26) on Monday. The company reported a 32.5% growth in scale, while its year-on-year (YoY) profits increased by 2.6X during the same period. PolicyBazaar’s revenue from operations surged to Rs 1,711 crore in Q3 FY26 in contrast to Rs 1,292 crore in Q3 FY25, as per the firm’s financial results sourced from the National Stock Exchange (NSE). The Gurugram-based company generated the largest share (92%) of its operating revenue from insurance broker services, which rose to Rs 1,573 crore in Q3 FY26 from Rs 1,132 crore in Q3 FY25. Besides operating revenue, the firm also earned Rs 144 crore via interest and gains from financial assets during the quarter which took its total topline to Rs 1,856 crore in the quarter ending December 2025. PolicyBazaar has not provided a detailed breakdown of expenses in its quarterly financial statements. However, employee benefits expenses rose 25% YoY to Rs 607 crore. Overall, the company's total costs grew 27% to Rs 1,655 crore in Q3 FY26 compared to Rs 1,307 crore in Q3 FY25. PolicyBazaar's net profits surged 164% to Rs 189 crore in Q3 FY26 from Rs 71.5 crore in Q3 FY25. Sequentially, its profit increased by 40% from Rs 135 crore in Q2 FY26. At the end of the day, PolicyBazaar traded at Rs 1,545 with a total market capitalization of Rs 71,483 crore (approximately $7.8 billion).

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

EntrackrEntrackr · 8d 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).

Awfis posts Rs 382 Cr revenue and Rs 22 Cr profit in Q3 FY26

EntrackrEntrackr · 3d ago
Awfis posts Rs 382 Cr revenue and Rs 22 Cr profit in Q3 FY26
Medial

Coworking solutions provider Awfis has announced its financial results for the third quarter of FY26, reporting a 20% year-on-year growth in revenue while posting a profit of Rs 21.6 crore during the quarter. The company’s revenue from operations grew to Rs 382 crore in Q3 FY26 from Rs 318 crore in the same quarter last year, according to its financial statements sourced from the NSE. Other income contributed an additional Rs 29 crore, taking the company’s total income to Rs 411 crore for the quarter. For the nine months ended December, the firm’s revenue grew 24.5% to Rs 1,083 crore compared to Rs 868 crore in the corresponding period last year. Revenue from coworking spaces remained the largest contributor, accounting for 84% of the total operating revenue. This segment grew 32.5% to Rs 322 crore in Q3 FY26 from Rs 243 crore in Q3 FY25. Meanwhile, the construction and fit-out projects segment generated Rs 60 crore in revenue during the quarter. On the expense side, depreciation remained the largest cost component at Rs 99 crore, while employee benefits expenses stood at Rs 36 crore. Finance costs, subcontracting expenses, and other overheads together pushed the company’s total expenses to Rs 389 crore in Q3 FY26 from Rs 317 crore in Q3 FY25. Improved revenue performance, along with a jump in other income, led the company’s profit to increase by 44% to Rs 21.6 crore in Q3 FY26, compared to Rs 15 crore in Q3 FY25. At the end of today’s trading session, Awfis’ stock closed at Rs 389.5, valuing the company at a market capitalization of Rs 2,759 crore (approximately $303 million).

Urban Company posts Rs 383 Cr revenue and Rs 21 Cr loss in Q3 FY26

EntrackrEntrackr · 12d ago
Urban Company posts Rs 383 Cr revenue and Rs 21 Cr loss in Q3 FY26
Medial

Urban Company posts Rs 383 Cr revenue and Rs 21 Cr loss in Q3 FY26 For the quarter ended December 31, 2025, the home services marketplace recorded Net Transaction Value (NTV) of Rs 1,081 crore, marking a 32% year-on-year increase. Revenue from operations rose 32% YoY to Rs 383 crore during the quarter. Despite the growth, Urban Company reported a consolidated adjusted EBITDA loss of Rs 17 crore. The losses were steered by InstaHelp, which alone posted an adjusted EBITDA loss of Rs 61 crore in Q3 FY26. Excluding InstaHelp, the core biz delivered an adjusted EBITDA profit of Rs 44 crore. Overall, its net losses stood at Rs 21 crore during Q3FY26. Urban Company had 7.8 million annual transacting users and 59,475 monthly active service partners in Q3 FY26. The company’s India Consumer Services business (excluding InstaHelp) remained profitable. The segment reported NTV of Rs 781 crore, while revenue from operations increased 26% YoY to Rs 265 crore. Urban Company’s Native brands business recorded a 93% year-on-year growth in NTV to Rs 79 crore, while revenue doubled to Rs 62 crore during the quarter. The international business (UAE and Singapore, excluding KSA) also posted strong growth, with NTV rising 79% YoY to Rs 193 crore and revenue increasing to Rs 50 crore. In contrast, InstaHelp clocked 1.61 million orders and Rs 28 crore in NTV, with revenue of Rs 6.8 crore in Q3 FY26. However, the vertical continued to drag profitability, reporting an adjusted EBITDA loss of Rs 61 crore. Urban Company closed Q3 FY26 with a cash balance of Rs 2,095 crore, providing sufficient runway as it continues to invest in new categories while maintaining profitability in its core marketplace. During the quarter, the Gurugram-based company also approved the grant of 70.82 lakh stock options under its Employee Stock Option Scheme 2015, which will be valued at Rs 88 crore. Urban Company’s shares were trading at Rs 124.7 per share, giving the company a market capitalization of Rs 18,033 crore ($2 billion).

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