Financials

NPCI’s move to spin off BHIM has yielded results, with the app quadrupling its transactions to 100 million within a year

Zerodha revenue drops for the first time in FY 25, Sebi regulations to hit FY 26 topline by 40%

The competitive intensity has resulted in Zerodha’s market share in active traders coming down from 22 percent in early 2023 to around 16 percent now. However, the company’s market share in terms of client assets accounts for about 10 percent of all retail and high-net worth individuals' assets under management in the country

Paytm reduces headcount by 4,500, employee expenses down by Rs 650 crore in FY25

Paytm had 44,000 employees in FY24, which came down to 39,400 in FY25, resulting in higher than the estimated savings of Rs 400-500 crore

PB Fintech net profit soars 4x to Rs 85 crore, revenue grows by 36% to Rs 1,348 crore

PB Fintech has seen its UAE insurance premium grow by 68 percent YoY with the business aligning more towards health and life insurance, similar to the company’s India business

Fintech Kreditbee’s profit soars 66% to Rs 473 crore, revenue surges 40% to Rs 2,712 crore

The company's AUM has grown by five times in the last three years, representing a 72 percent compounded annual growth rate during the period

NPCI profit grows 42% to cross Rs 1,500 crore in FY 25, revenue surpasses Rs 3,000 crore

NPCI, which is registered as a not-for-profit organisation, mentions net profit as surplus in its FY 24 annual financial statement

IPO-bound Urban Company turns profitable in FY25, revenue grows 38%

A significant portion of the net profit gain was attributed to recognition of deferred tax assets worth Rs 211 crore during the year, in addition to improved cost efficiency and operating leverage.

SoftBank swings back to black with $3.5 billion Q4 profit, but Swiggy, Ola markdowns sour India bets

For FY25, Softbank's Vision Fund 2 posted a loss of $3.4 billion, hit by markdowns in holdings suchs as Swiggy, Ola, AutoStore and Symbotic Public portfolio value down 21.7% QoQ in Q4 for SVF2.

Bengaluru Airport back in the black with net profit of Rs 510 crore

In FY25, revenue of the South India's busiest airport, backed by Canadian billionaire Prem Watsa, grew 43 percent to Rs 3,732 crore

Samir Arora bullish on gold and equities, says banks, IT and EMS promising themes for 2025

Fund manager Samir Arora believes the next year need not be a bearish year for equities, and worrying about an impending crash may not be obvious or needed. The stock market rally in US as well as India has not been 'wildly out of line', he added.

HDFC Bank, IGL, Piramal Pharma among the top gainers and losers in trade on December 17

Sensex and Nifty continued to face selling pressure on December 17, as financials, IT, and oil & gas sectors weighed on the indices. The decline in the benchmarks came amid weak FII volumes due to the holiday season and heightened caution ahead of the U.S. Federal Reserve's monetary policy meeting, which is expected to provide critical cues on the trajectory of interest rate cuts. Here’s a look at the top gainers and losers in trade today.

PhysicsWallah’s revenue jumps 161% to Rs 1,940 crore in FY24, losses widen to Rs 1,130 crore

The losses come at a time when PhysicsWallah is preparing to go public and has shortlisted bankers such as Axis Capital, Kotak Mahindra Capital, Goldman Sachs and JP Morgan for its $500 million IPO

Tiger Global-backed Jar's revenue rises to Rs 56 crores in FY24, losses down by 18%

Total expenses during FY24 has gone up by 16.7 percent to Rs 160 crore.

Valuations in financial sector are trading near their 10-15 year averages while every other sector commands a premium, says Prashant Jain of 3P Investment Managers

While there has been a slight increase in slippages in unsecured loans, Jain argues that the impact on larger banks will be muted due to their superior customer profiles compared to smaller banks, NBFCs, and MFIs

Razorpay revenue grows 24% in FY24 to Rs 2,068 cr, total income crosses Rs 2,500 cr

The company reported a 4.7x growth in net profit, which stood at Rs 35 crore during FY 24

Groww paid Rs 1,340 cr in domicile taxes in FY 24, doubles consolidated revenue to Rs 3,145 cr

The one-time domicile tax of Rs 1,340 crore resulted in Groww posting a Rs 805 crore net loss at the consolidated level

Stock broking firm Groww's revenue more than doubles to Rs 2,900 crore in FY24, net profit at Rs 298 crore

Groww's rival, Nithin Kamath-led Zerodha reported revenue of Rs 8,320 crore and net profit of Rs 4,700 crore

NPCI revenue grows 42% in FY24, profit rises 37% to cross Rs 1,100 crore

NPCI is a not-for-profit organisation and deploys all of its surplus to bolster the digital payments infrastructure in the country. The company is owned by a consortium of banks

Banks face credit growth, credit cost, NIM challenges: Alchemy Capital's Alok Agarwal

According to Agarwal, NIMs are expected to shrink due to anticipated decreases in repo rates, as downward rate cycles typically lead to their contraction

Y Combinator-backed Razorpay clocks 53% rise in FY23 revenue at Rs 2,279 crore

Razorpay was last valued at over $7 billion. Razorpay clocked annualised total payment volume (TPV) of around $150 million as of February 2023.

PGIM’s Arora is betting big on liquor, healthcare, auto ancillaries

For blue chip companies, we don’t need to check promoter shareholding. But if it is a new chemical company, we have to be cognizant of how promoters are working, their track record, and other things, said Arora.

Samir Arora extremely bullish on largecap financials, says share prices to pick up in 2024

HDFC Bank remains Samir Arora's all-time favourite, making up 8.9 percent of Helios Capital's total assets under management

Ola Electric reports Rs 2,782 cr revenue in FY23, targets Ebitda profitability by FY25

Ola Electric’s net loss has widened to Rs 1,472 crore which has doubled from Rs 784 crore it reported in FY22.

Markets to gain further on strong economic, corporate growth: Prashant Khemka

Khemka said that valuations are stretched in deep cyclical pockets as well as smallcaps.