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Bluestone controls losses by 41% in Q1 FY26; revenue nears Rs 500 Cr

EntrackrEntrackr ยท 3m ago
Bluestone controls losses by 41% in Q1 FY26; revenue nears Rs 500 Cr
Medial

Fintrackr Bluestone controls losses by 41% in Q1 FY26; revenue nears Rs 500 Cr Bluestone, recently listed on stock exchange, announced its financial results for the first quarter of the ongoing fiscal year (Q1 FY26) on Thursday. The firmโ€™s revenue grew by 42% over the period, while its losses reduced by 41%. On a quarter-on-quarter basis, Bluestoneโ€™s operating revenue remained flat Rs 493 crore in Q1 FY26 from Rs 461 crore in Q4 FY25. The company's sole revenue stream was the sale of diamond, gold, platinum, gemstone, and pearl jewelry; however, the firm did not provide a detailed revenue breakdown for the quarter. The company made Rs 12 crore from non-operating sources which took Bluestoneโ€™s total revenue to Rs 505 crore in the first quarter. On the expense front, the cost of material remained the largest cost center for Bluestone, accounting for 54% of its total expenditure. This expense increased by 37% year-on-year, rising to Rs 290 crore in Q1 FY26 from Rs 211 crore in Q1 FY25. Employee benefit rose 50% to Rs 63 crore in Q1 FY26. Overall, Bluestone's total costs grew by approximately 29%, reaching Rs 538 crore in Q1 FY26. With the help of revenue outpacing expense growth, the company managed to cut its losses by 41% to Rs 35 crore in Q1 FY26 from Rs 59 crore in Q1 FY25. However, the company reported a positive EBITDA of Rs 67 crore in the same period. 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 todayโ€™s trading session, Bluestoneโ€™s share traded at Rs 564, with a 1.4% increase in its share price. The companyโ€™s total market capitalization stood at Rs 8,534 crore (approx $1 billion).

Blackbuck records Rs 29 Cr profit on Rs 151 Cr revenue in Q2 FY26

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Blackbuck records Rs 29 Cr profit on Rs 151 Cr revenue in Q2 FY26
Medial

Blackbuck records Rs 29 Cr profit on Rs 151 Cr revenue in Q2 FY26 Blackbuck has released its financial report for the second quarter of the ongoing financial year ending September 2025. The Bengaluru-based company reported a 52.5% year-on-year growth in scale in Q2 FY26 and posted a profit of Rs 29 crore in the quarter. Blackbuck's revenue from operations grew to Rs 151 crore in Q2 FY26 from Rs 99 crore in Q2 FY25, its financial statements sourced from the National Stock Exchange (NSE) show. On a quarter-on-quarter basis, Blackbuckโ€™s operating revenue increased 5.6% from Rs 143 crore in Q1 FY26. The companyโ€™s gross transaction value (GTV) stood at Rs 6778.3 crore in the same quarter. On a half-yearly basis, the companyโ€™s revenue increased by 54.5% to Rs 295 crore in H1 FY26 as compared to Rs 191 crore in H1 FY25. Revenue from its truck operator services was the primary source of revenue, accounting for 98% of total operating revenue. The company also made Rs 17 crore from interest income which took its overall revenue to Rs 168 crore in Q2 FY26, compared to Rs 104 crore in Q2 FY25. Looking at the expenses, the employee benefit cost accounted for 33% of the overall expenditure which increased by 6% year-on-year to Rs 42 crore in Q2 FY26 from Rs 39.5 crore in Q2 FY25. Deprecation and other operating expenses were key overheads that drove total expenditure to Rs 128 crore in Q2 FY26, compared to Rs 92 crore in the same quarter last year. Blackbuck registered a profit of Rs 29 crore in Q2 FY26, as compared to a loss of Rs 269 crore in Q2 FY25. On a quarterly basis, the companyโ€™s profit fell 54% from Rs 63 crore in Q1 FY26. For the six months ending September 2025, the company posted a profit of Rs 63 crore. At the end of the last trading session, Blackbuckโ€™s share price stood at Rs 666.5, giving the company a market capitalization of Rs 12,045 crore ($1.3 billion).

Ideaforge revenue nosedives 85% in Q1 FY26

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Ideaforge revenue nosedives 85% in Q1 FY26
Medial

Fintrackr All Stories Ideaforge revenue nosedives 85% in Q1 FY26 Drone maker ideaForge Technologies reported a sharp decline in its topline during the quarter ended June 2025, as revenue from operations fell over 85% year-on-year to Rs 12.78 crore Kunal Manchanada 22 Jul 2025 23:09 IST Drone maker ideaForge Technologies reported a sharp decline in its topline during the quarter ended June 2025, as revenue from operations fell over 85% year-on-year to Rs 12.78 crore from Rs 86.4 crore in Q1 FY25. The company also recorded a net loss of Rs 21.7 crore compared to a profit of Rs 1.9 crore in Q1 FY25. The revenue drop was due to a high base in Q1 last year, when IdeaForge had delivered large defence and institutional orders. This quarter saw fewer such deliveries, though gross margin improved to 61.7% on the back of a better product mix. According to the filings, EBITDA margin worsened to -118.5% in Q1 FY26 from -85.7% in the previous quarter, while PAT margin slipped to -184.3% from -126.5% in Q4 FY25. The decline was primarily driven by a sharp fall in revenue, even as overall expenses remained largely unchanged. Despite the weak financials, IdeaForge secured a Rs 137 crore order from the Indian Army during the quarter as part of emergency procurement. The company also highlighted its participation in defence operations like Operation Sindoor, where its drones were deployed in active surveillance missions. โ€œThe quarter reinforced ideaForgeโ€™s resilience in both tech and business,โ€ said Ankit Mehta, CEO and whole-time director. He pointed to upcoming policy tailwinds, including the Rs 40,000 crore Emergency Procurement push, Rs 1 lakh crore RDI fund, and expected PLI rollout, as key enablers for the drone ecosystem. Founded in 2007, Mumbai-based ideaForge went public in 2023 and counts institutional investors like Qualcomm Ventures and Infosys among its backers. IdeaForge closed the market at Rs 542 today with a total market capitalization of Rs 2,342 crore (approximately $275 million).

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