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Vikas Acharya
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Medial • 2m

Furniture rental startup Rentomojo nears Rs 200 crore FY24 operating revenue Furniture and appliance rental platform Rentomojo posted operating revenue of nearly Rs 200 crore in the last fiscal year as the Bengaluru-based company benefited from people returning to workplaces after the pandemic. Rentomojo—the winner of The Economic Times Startup Awards 2024 in the Comeback Kid category—reported a 60% rise in operating revenue to Rs 193 crore in FY24, according to its financial results filed with the Registrar of Companies. Controlled rise in expenses during the year saw net profit surge more than threefold to Rs 22 crore last fiscal from Rs 6 crore in FY23. It posted an earnings before interest, taxes, depreciation and amortisation (Ebitda) of Rs 65 crore during the year. Rentomojo's founder and chief executive Geetansh Bamania told ET that during FY24, the company took steps to enhance the use of automation, resulting in major cost savings.

0 replies3 likes

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Anonymous

Stealth • 5m

Newly-listed online travel ticket booking platform ixigo has reported a significant 212% increase in net profit, rising from Rs 23.4 crore in FY23 to Rs 73.1 crore in FY24. The company's operating revenue also grew by 31% during the same period, fr

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Anonymous

Stealth • 4m

Deepinder Goyal-led Zomato's revenue rose 74% year-on-year to Rs 4,206 crore in Q1FY25. Meanwhile, the company's net profit jumped to Rs 253 crore. During the same quarter last year, Zomato posted a net profit of Rs 2 crore and a revenue of Rs 2,

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Mahendra Lochhab

Stealth • 1m

Google India's FY24 revenue surges 26% to Rs 5,921 crore; Net profit at Rs 1,425 crore.

3 replies10 likes

Mahendra Lochhab

Stealth • 14d

Zypp electric's total revenue jumped to INR 302.6 Cr in FY24 from INR 111.5 Cr in the previous fiscal year.

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Anonymous

Stealth • 5m

🤯 ITC 🔥 ITC paid over Rs 1 crore annual salary to 350 employees in the financial year 2023-24 (FY24), the company said in its annual report. This is 68 more employees than the 282 employees who received over Rs 1 crore salary in the financial ye

0 replies6 likes

Tushar Aher Patil

Stealth • 1m

Ritesh Agarwal-led hospitality giant OYO recorded a net profit of Rs 158 crore and revenue of Rs 1,578 crore in Q2 FY25, PTI reported. This marks a significant turnaround, as the company had posted a net loss of Rs 50 crore during the same period la

0 replies4 likes

financialnews

Stealth • 1m

JSW Steel Q2 Results: 84% YoY Decline in PAT to Rs 439 Crore, Revenue Falls 11% JSW Steel Ltd Q2 Results: Net Profit Drops 84% YoY to Rs 439 Crore; Revenue Falls 11% to Rs 39,684 Crore. One-Time Charge of Rs 342 Crore Impacts Earnings; Operating EBI

0 replies1 like

Varun Jeph
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The NineHertz • 23d

Hike used to be a P2P messaging application but in January 2021 it shut down the product and switched to a different domain by introducing two new platforms Vibe and Rush. Hike’s revenue from operations skyrocketed 7.8X to Rs 150.5 crore during the

2 replies3 likes

Applyly

Stealth • 4d

Income of Cult.fit Crosses Rs 1,000 Crore in FY24 Fitness technology company Cult.fit has achieved a major point in FY24. The company achieved a total income of over Rs 1,000 crore consistently to depict the growth trend. This major accomplishment i

0 replies1 like

Shreyas Ramdasi

Stealth • 7m

FMCG major Marico shares zoom nearly 10% after Q4 earnings The company’s stock jumped 9.73 per cent to Rs 582.75 on the BSE and zoomed 9.83 per cent to Rs 582.45 apiece on the NSE. Shares of FMCG major Marico Ltd advanced nearly 10 per cent on Tuesda

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