Edtech unicorn upGrad clocks Rs 560 crore loss in FY24
Online skills and learning platform upGrad has recorded a loss of Rs 560 crore in FY24, a decrease from a Rs 1,142 crore loss in FY23.
Online skills and learning platform upGrad has recorded a loss of Rs 560 crore in FY24, a decrease from a Rs 1,142 crore loss in FY23.
Mohalla Tech, the parent company of social media platform ShareChat, reported a consolidated loss of Rs 1,898 crore in FY24, from Rs 5,143 crore in FY23.
The company’s revenue from operations in the quarter fell 3 per cent year-on-year to Rs 53,905 crore.
Government-owned gas giant GAIL (India) Ltd reported revenue from operations of Rs 66,622 crore for the April–September period of the current financial year as compared to Rs 64,050 crore in the same period of 2023-24.
Patanjali Foods Ltd. reported revenue from operations of Rs 8,154.19 crore in Q2FY25 with the highest-ever quarterly EBITDA of Rs 493.86 crore.
On the quarterly basis, EBITDA from power supply saw 17 per cent growth at Rs 2,143 crore in Q2 FY25, from Rs 1,835 crore in the previous quarter.
Fintech firm BharatPe Group announced its financial performance for FY 2023-24 on Wednesday, reporting a consolidated EBITDA loss (before share-based payment expense) of Rs 209 crore for the last financial year.
Mahindra & Mahindra on Wednesday reported revenue growth of 11.2 per cent (year-on-year) at Rs 27,133 crore in the first quarter of FY25, while net profit fell 5 per cent to Rs 2,613 crore YoY.
The Adani Portfolio company attributed the sustainable performance to volume growth, cost reduction, and improvement in efficiency parameters.
Reliance Retail Ventures Limited (RRVL) delivered steady performance during Q1 FY25 with revenue of Rs 75,615 crore, up 8.1 per cent year-on-year.
