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.
The market cap of the Indian hospital sector surged 9 times from Rs 375 billion in FY20 to Rs 3.5 trillion in FY24 riding on improved pricing, higher insurance coverage, and dedicated shift towards complex surgeries such as transplants, a report showed on Monday.
It added that cash reserves are now at highest-ever levels of Rs 59,791 crore (approximately $7 billion), up by 48.5 per cent YoY.
Adani Power on Wednesday reported 37 per cent growth (year-on-year) in revenue at Rs 50,960 crore for FY24, as continuing EBITDA more than doubled to Rs 18,789 crore.
The revenue for the January-March period (Q4) was up 17 per cent and EBITDA was at Rs 1,769 crore, which ended 4 per cent higher (year-on-year).
Reliance Retail has delivered a resilient performance with another year of strong revenue growth and profit.
