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Wipro Enterprises’ revenue rises 10 pc to ₹16,902 cr in FY24; profit jumps 35 pc
Livemint
·
8m ago
Medial
Wipro Enterprises, led by Azim Hasham Premji, reported a 9.8% increase in consolidated revenue to ₹16,902 crore for the fiscal year ending March 2024. The company's profit also jumped 35% to ₹1,903.1 crore. Wipro Consumer Care and Lighting, a subsidiary of Wipro Enterprises, saw a 3.13% increase in net revenue to ₹10,269.5 crore for the same period. Wipro Infrastructure Engineering, another subsidiary, reported a net revenue of ₹6,632.5 crore, up 22.1% year-on-year. The domestic market accounted for nearly half of Wipro Enterprises' sales, with the South East Asia, China, and Malaysia markets also contributing significant amounts.
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Trust Fintech’s Net Profit Jumps 3X To INR 12.5 Cr In FY24
Inc42
·
1y ago
Medial
Trust Fintech, a Nagpur-based company offering SaaS products and fintech solutions, witnessed a significant increase in operating revenue, which rose by 55.4% to INR 35 Cr in FY24 compared to INR 22.5 Cr in FY23. However, the company experienced a decline in profit and revenue in the second half of FY24, in contrast to the first half of the year. Trust Fintech recently listed on NSE Emerge.
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TAC Infosec’s FY24 Profit Rises 23% To INR 6.3 Cr
Inc42
·
1y ago
Medial
TAC Infosec, recently listed on NSE Emerge, reported a 17% increase in operating revenue to INR 11.84 Cr in FY23. Its profit also rose to INR 4.4 Cr in H2 FY24 from INR 1.92 Cr in the first half. The company offers risk-based vulnerability management and assessment solutions, as well as other SaaS cybersecurity solutions to enterprises and small businesses.
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Infibeam posts Rs 742 Cr gross revenue, Rs 27.7 Cr profit in Q1 FY24
Entrackr
·
1y ago
Medial
During Q1 FY24, Infibeam Avenues reported a gross revenue of Rs 742 crore and a profit of Rs 27.7 crore. The company's robust performance was attributed to its digital payment solutions, e-commerce platforms, and technology services. Infibeam's revenue growth reflects its successful efforts in capitalizing on the increasing digital adoption and e-commerce trends in India. However, the net profit of fintech company Infibeam declined by 31.4%to Rs 35 crore in Q1 FY24 from Rs 51 crore in Q4 FY23.
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Delhivery reports Rs 70 Cr profit in Q4 FY25; revenue jumps 6%
Entrackr
·
2m ago
Medial
Delhivery reports Rs 70 Cr profit in Q4 FY25; revenue jumps 6% Logistics company Delhivery announced its Q4 FY25 results on Friday, reporting a 6% year-on-year increase in revenue. The Gurugram-based firm also reported a profit of Rs 72 crore during the same period. Delhivery’s revenue from operations grew to Rs 2,191 crore in Q4 FY25, according to its financial statements filed with the National Stock Exchange (NSE). For the full fiscal year (FY25), Delhivery’s operating revenue increased 10% to Rs 8,932 crore in FY25 from Rs 8,141 crore in FY24. 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 112 crore from non-operating activities, bringing its total revenue to Rs 2,303 crore in Q4 FY25. Meanwhile, for the full fiscal year, total income reached Rs 9,372 crore. For Delhivery, freight handling and servicing costs made up 70% of its total expenditure, rising by 3% to Rs 1,566 crore in Q4 FY25. Employee benefit expenses decreased by 6% to Rs 337 crore. Legal, depreciation, and other overhead costs contributed to a minor decrease in overall expenditure, which reached Rs 2,249 crore during the quarter. For the full financial year ending March 2025, the firm’s total expenses rose to Rs 9,217 crore as against Rs 8,825 crore in FY24. Delhivery's continued growth and controlled expenditure resulted in a profit of Rs 72 crore in Q4 FY25, compared to a loss of Rs 68 crore in Q4 FY24. On a fiscal basis, it turned profitable and reported a net profit of Rs 162 crore in FY25 as compared to a loss of Rs 249 crore in FY24. At the close of today’s trading session, Delhivery’s share price stood at Rs 321 per share, giving the company a market capitalization of Rs 23,957 crore.
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Infibeam posts Rs 1,160 Cr revenue in Q4 FY25; profit rises 20%
Entrackr
·
2m ago
Medial
Infibeam posts Rs 1,160 Cr revenue in Q4 FY25; profit rises 20% Digital payments firm Infibeam has reported a 62% increase in revenue during the fourth quarter of the last fiscal year (Q4 FY25), while its year-on-year profit rose by 20%. Infibeam’s revenue from operations increased to Rs 1,160 crore in Q4 FY25 from Rs 716 crore in Q4 FY24, its consolidated financial statements accessed from the National Stock Exchange (NSE) show. For the full fiscal year (FY25), Infibeam’s operating revenue increased 27% to Rs 3,992 crore in FY25 from Rs 3,150 crore in FY24. Payment business accounted for 95% of its total collection which increased by 64% to Rs 1,098 crore in Q4 FY25. Meanwhile, there was a 35% increase in the e-commerce platform business, which rose to Rs 62 crore. The Ahmedabad-based firm recorded a total revenue of 1,180 crore in Q4 FY25. For the full fiscal year (FY25), its total income stood at Rs 4,066 crore. Infibeam operates a diversified digital platform, with a primary focus on digital payments and e-commerce solutions. On the cost side, the company’s total expenses rose by 66% to Rs 1,104 crore in Q4 FY25. For the digital payment firm, its payment processing was the largest cost center, rising by 68% to Rs 1,025 crore. Employee benefits increased by 30% to Rs 39 crore, while depreciation cost grew 6% to Rs 18 crore. Infibeam Avenues also incurred Rs 22 crore on other undisclosed expenses in the said quarter. For the fiscal year ending March 2025, the firm’s total expenses increased to Rs 3,768 crore. In the end, the company reported profit after tax of Rs 55 crore in Q4 FY25, 20% up from Rs 46 crore in Q4 FY24. On a fiscal year basis, its profit increased to Rs 236 crore in FY25 from Rs 156 crore in FY24. At 15:31 PM today, its market cap stood at Rs 5,579 crore while the firm’s stock was trading at Rs 20.
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Azim Premji gifts Wipro shares worth ₹500 cr to sons Rishad, Tariq
Livemint
·
1y ago
Medial
Azim Premji, founder chair of Wipro Ltd, has gifted over 10 million shares worth approximately ₹500 crore to his two sons, Rishad and Tariq. This move reduces Premji's ownership in Wipro to 4.12%. The Premji family now collectively holds 4.43% shares in the company. In 2019, Premji donated two-thirds of his wealth, valued at $21 billion, to charitable causes. His current wealth is estimated to be around $11.3 billion, including shares in Wipro and Wipro Enterprises Ltd.
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ideaForge’s Q3 Profit Jumps 16X QoQ To Touch INR 14.8 Cr
Inc42
·
1y ago
Medial
Drone manufacturer ideaForge reported a net profit of INR 14.8 Cr in Q3 FY24, a significant increase from a loss of INR 7.8 Cr in the same quarter last year. The company's operating revenue also saw a substantial rise of over 1,000% to INR 90.9 Cr in Q3 FY24. ideaForge's strong growth is attributed to its commitment to delivering high-quality products and solutions. The company's EBITDA increased to INR 26.2 Cr in Q3 FY24. Total expenses rose by 173%, primarily due to increased spending on materials consumed.
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Perfios profit jumps multifold in FY24
YourStory
·
8m ago
Medial
B2B fintech SaaS company Perfios reported a significant surge in profit for FY24, reaching Rs 71.67 crore, compared to Rs 7.79 crore the previous year. The company experienced a 37.1% increase in revenue, totaling Rs 557.8 crore in FY24. Despite a 22% rise in expenses, Perfios maintained a strong profit margin, with a majority of revenue generated from the sale of services. The company plans to use recent funding to expand internationally and enhance its technology stack.
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Wakefit Claims EBITDA Profitability In FY24, Revenue Jumps 24% To INR 1,017 Cr
Inc42
·
10m ago
Medial
Wakefit, a sleep solutions startup, announced an EBITDA profit of INR 65 Cr for FY24, along with a revenue increase of 24% to INR 1,017 Cr. This is a significant improvement from the net loss of INR 146 Cr reported in FY23, indicating positive growth for the company.
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CarTrade posts Rs 169 Cr revenue in Q4 FY25, profit jumps 2X
Entrackr
·
3m ago
Medial
CarTrade has released its financial results for the fourth quarter of the last fiscal year (Q4 FY25) on Wednesday. The company reported a 17% year-on-year revenue growth compared to Q4 FY24, with profit doubling in the same time period. CarTrade’s revenue from operations grew 17% to Rs 169 crore in Q4 FY25 in contrast to Rs 145 crore in Q4 FY24, as per the firm’s unaudited consolidated financial results sourced from the National Stock Exchange. For the full fiscal year ending March 2025, CarTrade’s revenue rose 31% to Rs 641 crore. Including other undisclosed income, its total income for Q4 FY25 grew to Rs 189 crore, up from Rs 161 crore in Q4 FY24. The Mumbai-based company operates in three segments: Consumer, Remarketing, and Classifieds. Income from the consumer segment formed 37% of the total operating revenue which increased to Rs 63 crore in Q4 FY25 from Rs 49 crore in Q4 FY24. Income from the remarketing and classified segment stood at Rs 59 crore and Rs 47 crore, respectively, in the fourth quarter of the ongoing fiscal year. During the full fiscal year (FY25), income from the consumer segment stood at Rs 238 crore, whereas collection from the remarketing and classified segment stood at Rs 212 crore and Rs 192 crore, respectively. On the expense front, employee benefits expenses formed 52% of the overall spending which went up a modest 6% to Rs 71 crore during the period. Including other costs, CarTrade’s overall expenses increased 4% to Rs 136 crore in Q4 FY25 from Rs 131 crore during Q4 FY24. On a fiscal-on-fiscal year basis, its overall expenses increased to Rs 543 crore in the last fiscal year from Rs 457 crore in FY24. The decent growth and controlled spending enabled CarTrade to double its net profit to Rs 46 crore in Q4 FY25, compared to Rs 23 crore in Q4 FY24. On a fiscal basis, the company’s profit spiked to Rs 145 crore in FY25. CarTrade recorded a 5.8% hike in its share price today and is trading at Rs 1,721 (as of 12:50) with a total market capitalization of Rs 8,168 crore.
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