Fy24

A growing customer base and new categories like mixers, grinders – beyond fans – contributed significantly to Atomberg’s growth.

Zetwerk’s GMV crosses $2 billion in FY24

In FY24, Zetwerk recorded Rs 191 crore of Adjusted EBITDA from operations, as against Rs 188 crore in the year ago period, CEO Amrit Acharya told Moneycontrol in an interview.

Exotel's operating revenue up 6% year-on-year to Rs 444 crores, loss at Rs 39 crores in FY24

Exotel also announced turning EBITDA positive in Q3 and Q4 FY24

Swiggy-backed Rapido’s revenue up 46% YoY to Rs 648 crore in FY24, losses down 45%

Rapido has also cut its losses by around 45 percent to Rs 371 crore in FY24 from Rs 675 crore in FY23 on the back of a reduction in its overall expenses.

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.

Licious reports 8% drop in revenue to Rs 685 crore in FY24 amid third-party channel closures; losses cut by 44%

Licious said the company’s focus has shifted to owned channels, as a result of which revenue was dragged down from modern trade and local stores.

Ola Electric IPO: Top 10 metrics to watch out for

Ola Electric's IPO, the first such offer from an Indian electric two-wheeler manufacturer, will open for subscription on August 2 and close on August 6

Ola Electric's revenue hits Rs 5,000 crore, losses widen by 8% in FY24

Ola Electric's losses were recorded at Rs 1,584 crores in FY24.

Petronet LNG: No valuation comfort in this gas stock

A significant capex, entry into the cyclical petrochem business, and use-or-pay provisioning limit earnings growth potential

Endurance Tech: Strong numbers, robust order book boost confidence

The company’s strong position in the Indian 2W segment, focus on EVs, and favourable market conditions make it a compelling player in the automotive industry

Private banks report higher jump in net profit in FY24, beating PSBs

Prime Minister Narendra Modi, in a tweet on May 20, said that this is a remarkable turnaround in the last 10 years with India's banking sector net profit crosses Rs 3 lakh crore for the first time ever.

UPL: Growth outlook uninspiring; leverage continues to hurt

Working capital management and debt reduction will be key factors to watch

Ami Organics: Strong sequential uptick

As export demand is getting better, the company expects a steady growth in H1FY25 and guides for a stronger H2 on the back of CDMO business

Quess Corp Q4 revenue rises 11% to Rs 4,910 crore

The company's profit after tax rose 226 percent to Rs 98 crore from Rs 30 crore. This shows a recovery in profits after a quarter when the company recorded a fall in PAT of 24.7 percent to Rs 64 crore from Rs 85 crore as it accounted for a one-off exceptional expense. 

Dr Reddy’s: Watchful of the Revlimid cliff

In times to come, the company may gear up for new inorganic initiatives to improve its market share in India. In the meantime, margins may moderate

Hindalco Q4: Strong operating performance by Novelis

India aluminium business will see lower cost on the back of captive alumina and better captive coal linkages

Kotak Mahindra Bank Q4 FY24 – A steady quarter, regulatory diktat cloud outlook

The group is an ideal play on the deeper penetration of financial products in the country

Coal India Q4FY24: Long-term growth remains intact

E-auction premiums have normalised. Price hikes in the FSA segment are keenly awaited by the Street

Laurus Labs: CDMO business to accelerate from FY26

While FY25 is expected to see a gradual recovery, FY26 and FY27 can witness material jump in earnings as a large part of the invested assets starts sweating

Rallis India finishes Q4 FY24 on a weak note

The company could lag industry growth in FY25 as the export market remains muted

TCS CEO K Krithivasan: We believe there is a greater opportunity to increase pricing

K Krithivasan, CEO of Tata Consultancy Services (TCS), will be completing a year of steering the country’s largest IT services company through choppy waters, amidst macroeconomic uncertainties and lack of visibility around demand, delayed deal closures. The company has still managed to report its highest quarterly deal pipeline of $13.2 billion, along with an improvement of over 100 bps in operating margins for the fourth quarter sequentially to 26 percent. Net profit too beats Moneycontrol’s estimates, though revenue growth has been moderate in comparison. With all of these factors at play. Krithivasan believes there’s still headroom for improving margins. In an interview with Moneycontrol's Chandra R Srikanth and Debangana Ghosh, he discusses upcoming price hikes, FY25 expectations, generative AI opportunity and more.

Key indicators point to economic resilience at the end of FY24: NCAER

NCAER noted that bank credit growth remained strong at 20.5 per cent with robust growth for personal loans, services, agriculture and allied activities.

Top 5 Nifty outperformers, underperformers of FY24

In FY24, the Nifty delivered nearly 30 percent return, its strongest performance since 2010. Forty-eight of the Nifty 50 stocks generated positive returns during the fiscal year

Going all in: Edtech unicorns eye growth again after brutal cost-cutting 

After hunkering down for two years in the face of a funding winter, edtechs are getting ready to ramp up their offline offerings, diversify into new segments and invest in Generative AI products

Zoho reports Rs 8,703 crore of revenue in FY23, PAT crosses Rs 2,800 crore

Zoho's total expenses were around Rs 5,392 crore which jumped 51% YoY compared to Rs 3,571 crore in FY22 due to a rise in the firm's employee benefit expense