Corporate News
Cars24's Net Loss Increases by 6.4% to Rs 498 Crore in FY24
That is 6.4 per cent up. According to the latest financials of the company, expenses saw an increase of 23.3 per cent, year-on-year to Rs 7,461 crore, from Rs 6,053 crore in FY23.
Fintech Firm Lendingkart Reports 6% Profit Decline, Earns Rs 175 Crore in FY24
Employee benefit expenses rocketed 75.70 per cent to Rs 199 crore. Finance cost increased by 16.8 per cent to Rs 293.53 crore last fiscal.
Patanjali Ayurved Sees 23% Revenue Growth in FY24, Reaching Rs 9,335.3 Crore, Boosted by Patanjali Foods OFS
Other income of Patanjali Ayurved in FY24 stood at Rs 2,875.29 crore against Rs 46.18 crore for the year-ago period, Tofler business intelligence platform data show.
Nvidia Reports Strong Revenue Growth of $35.1 Billion in the AI Era
"The age of AI is in full steam, propelling a global shift to Nvidia computing. Demand for Hopper and anticipation for Blackwell — in full production — are incredible as foundation model makers scale pretraining, post-training and inference," Jensen Huang, founder and CEO of Nvidia said.
Online Gifting Platform Ferns N Petals Reports Rs 24.2 Crore Loss in FY24
Ferns N Petals sells products through its website, third party e-commerce platforms, company-owned stores, and franchises.
Delhivery's Profit Plunges Over 80% in April-September Period
The third-party logistics firm reported a net profit of Rs 10.2 crore in Q2 FY25 compared with Rs 54.4 crore in Q1 FY25.
Grasim's Q2 Profit Drops 46% to ₹1,100 Crore Amid UltraTech Challenges and Increased Interest Costs
Grasim Industries, holding firm for Aditya Birla group companies like UltraTech, Aditya Birla Capital, and Aditya Birla Renewables, filed a regulatory update that stated the company had logged a net profit of Rs 2,024.05 crore during the July-September quarter the previous year.
Rapido, Backed by Swiggy, Reports Rs 371 Crore Net Loss in FY24
According to Rapido's financials, the Swiggy-backed platform spent Rs 1.65 to generate Rs 1 in revenue over the last fiscal year.
Nykaa's Net Profit Declines Nearly 5% to Rs 12.97 Crore in Q2
The net profit in Q2 FY25 for the company stood at Rs 13.64 crore reported in the preceding June quarter, as per the company's financials with the stock exchange.
Flipkart's Logistics Arm Ekart Reports 5-Fold Increase in Net Loss, Reaches ₹1,718 Crore in FY24
Instakart Services, operating Ekart Logistics, in the regulatory documents available at business intelligence site Tofler, sees revenue from operations slip to Rs 12,115 crore for FY24 as against Rs 12,787 crore for FY23 and total income down by 4.3% to Rs 12,431 crore from Rs 13,001 crore.
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