The shares of Brainbees Solutions, the company that runs and operates FirstCry, jumped over 4 percent on February 10 after the company reported its results for the third quarter of FY25.
Brainbees Solutions released its results for the October-December quarter of the current financial year on February 8. The company reported a net loss of Rs 14.7 crore for the quarter. This marks a strong improvement of nearly 70 percent from the Rs 48.4 crore loss incurred in the corresponding quarter of the previous financial year.
Its revenue from operations meanwhile jumped nearly 14 percent to Rs 2,172 crore as more users came on to the platform and the company’s businesses matured. It had earlier reported revenue from operations at Rs 1,900 crore in Q3 of FY24.
"Q3FY25 has been our best quarter in terms of profitability in the last four years. We have achieved the highest Adjusted EBITDA for our Consolidated Business as well as India Multi-channel business in the last four years," the company said in its investor presentation.
The company delivered a total of 11.1 million orders during the reported quarter, marking an increase of 13 percent from 9.8 million orders in Q3 FY24.
FirstCry shares were trading 4.06 percent higher at Rs 434.85 apiece, as seen at 10.46 am on February 10. Despite the surge in share price, the stock is still hovering close to its all-time-low level of Rs 410 apiece. It is currently around 41 percent lower than its all-time-high level of Rs 734.25 apiece.
The stock had made a strong debut on stock exchanges in August last year, listing at 40 percent premium to its issue price at Rs 651 on NSE. Notably, the shares have seen a significant downfall since then.
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