Corporate News
Rapido, Backed by Swiggy, Reports Rs 371 Crore Net Loss in FY24
According to Rapido's financials, the Swiggy-backed platform spent Rs 1.65 to generate Rs 1 in revenue over the last fiscal year.
Nykaa's Net Profit Declines Nearly 5% to Rs 12.97 Crore in Q2
The net profit in Q2 FY25 for the company stood at Rs 13.64 crore reported in the preceding June quarter, as per the company's financials with the stock exchange.
Flipkart's Logistics Arm Ekart Reports 5-Fold Increase in Net Loss, Reaches ₹1,718 Crore in FY24
Instakart Services, operating Ekart Logistics, in the regulatory documents available at business intelligence site Tofler, sees revenue from operations slip to Rs 12,115 crore for FY24 as against Rs 12,787 crore for FY23 and total income down by 4.3% to Rs 12,431 crore from Rs 13,001 crore.
SBI Reports 28% Net Profit Growth, Reaches ₹18,331 Crore in July-September Quarter
The operating profit shot up 50.87% to Rs 29,294 crore on a year-on-year basis.
Ola Electric's Net Loss Jumps 43% in Q2, Revenue Drops 26%
The electric two-wheeler company's revenue also slid 26.1 per cent to Rs 1,214 crore, on-quarter, from Rs 1,644 crore in the first quarter of this fiscal.
MapmyIndia Reports 8.2% Drop in Net Profit for Q2, Revenue Increases by 14%
While Q2 FY25 revenue from operations were at Rs 104 crore, up by 14%, in the first half of FY25, the revenue was at Rs 205 crore compared to Rs 181 crore in H1 FY24.
Physics Wallah Reports 346% Increase in Losses, Reaches ₹375 Crore in FY24
This is a way up at 13 times the FY24 losses, considering Rs 756 crore of the compulsory convertible preference shares (CCPS) written off as a fair value loss. In isolation, this leaves the FY24 net loss at Rs 375 crore, based on financial statements filed with the Registrar of Companies.
SAIL Reports Rs 834 Crore Net Profit for July-September Quarter
The revenue was dented by the inflow of cheap Chinese imports that ultimately eroded the price of the steel.
Mahindra Reports 13% Rise in Q2 Net Profit Driven by Strong SUV and Tractor Sales
M&M said its automobile segment, which manufactures the much-popular Thar and Scorpio SUVs, has logged in the highest-ever quarterly volumes at 2,31,038 units for the quarter with a rise of 9 per cent over the same period of last year.
Akasa Reports ₹1,670 Crore Loss for FY24; CFO Anticipates Improved Performance Ahead
The airline, which has been operational for more than two years, had a loss after tax of Rs 744.53 crore in 2022-23, according to data accessed by Tofler, a business intelligence platform.
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