Fy23

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.

SoftBank-backed Unacademy’s losses shrink 41% in FY23, revenue growth slows

Unacademy reported a 26 percent rise in operating revenue to Rs 907 crore from Rs 719 crore a year earlier

PhysicsWallah's standalone revenue surges 3.4x to Rs 798 cr in FY23, net profit down to Rs 16 cr

To be sure, the company shared that the fall in net profit is owed to non-cash expenses of about Rs 62.1 crore including Employee Stock Ownership Plan (ESOP), lease equalisation reserve (LER) and inventory provision. These provisions are not actual expenditures that the company has incurred, but futuristic provisions, it added.

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.

Byju’s-owned Great Learning’s revenue crosses Rs 800 cr in FY23, losses reduce 21%

While the company's Singapore business turned loss-making, Great Learning managed to reduce its overall losses in FY23 to Rs 210 crore from Rs 266 crore in the preceding fiscal.

Byju's CEO Raveendran tells staff FY23 audit soon, to be completed in 'coming months'

The Byju’s management had earlier agreed with its investors that the edtech company would put out its FY23 results by the end of December 2023

Cars24 registered marginal growth in revenues in FY23

Cars24’s total expenses have reduced 3 percent from Rs 6,256 crore in FY22 to Rs 6,058 crore in FY23, helped by cost cuts across the board.

Zerodha rival Groww turns profitable, revenue jumps 266% to Rs 1,277 crore in FY23

In FY23, the Bengaluru-based fintech diversified its offerings like lending and UPI payments within its app.

PhonePe revenue rises 77% to Rs 2,914 crore in FY23, loss widens on higher ESOP costs

PhonePe's standalone PhonePe India Pvt Ltd entity, which houses its Payments business, recorded an operating loss of Rs 1,755 crore in FY23, up from Rs 1,612 crore in FY22.

Groww’s revenue rises 3.5 times, net profit grows 10x to Rs 73 crore

Groww recorded an operating income of Rs 1,294 crore and plans to enter the margin trading facility (MTF) segment. Credit rating agency ICRA also said that Groww emerged as one of the leading discount brokers in India

Zerodha is valued at Rs 30,000 crore or 10-15 times its earnings: CEO Nithin Kamath

Kamath also expects Zerodha to grow at around 10-15% in the present market condition. He also added that the firm's diversification strategies will help in maintaining the long-term growth of the company

Lifestyle International FY23 profit jumps to Rs 700 crore

The total revenue of Lifestyle International for FY 2022-23 was Rs 11,810 crore.

With 5x growth in FY23 revenue, Matrix-backed Farmart eyes inorganic growth

Alekh Sanghera, co-founder and CEO of the company, said it clocked a total revenue of Rs 1,060 crore, a significant spike over the Rs 209 crore recorded in FY22.

PepsiCo India consolidated profit surges to Rs 268 crore in FY23

The company's revenue from sale of products and services was up 28.47 percent to Rs 8,127.07 crore during the year, it said.

Coforge Q1 result: Revenue rises 2.8% sequentially; declares interim dividend

Coforge said that the Board of Directors at its meeting held on July 20, 2023 has declared an interim dividend of Rs 19 per equity share and the record date for this payout will be August 3, 2023.