FY23

Bengaluru-based Scaler Academy has reported a nearly fivefold increase in yearly operational revenue during a period in which it raised no external capital.The company said its operational revenue rose to Rs 316.7 crore in the financial year ended March 2023, from Rs 65.6 crore a year earlier.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitIIM KozhikodeIIMK…

Merchant-focused payments provider Razorpay has reported a flat net profit of Rs 7.3 crore for the fiscal year 2022-2023 (FY23), despite its revenues seeing a jump.Revenue from operations for Razorpay Software Pvt Ltd (RSPL) stood at Rs 2,279 crore in FY23, a 54% surge from Rs 1,481 crore in FY22.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIIM KozhikodeIIMK Advanced Data Science For ManagersVisitMITMIT Technology Leadership and…

Global professional services and business process management firm Genpact on Thursday posted a jump in its fourth-quarter net profit at $291.3 million, rising 225% year-on-year (yoy) driven by a non-recurring tax benefit of $170 million related to an intercompany transfer of intellectual property. The net profit without the tax benefit stood at $121 million as compared to $90 million a year ago and $118 million in the preceding quarter.The revenue for the quarter ended December rose 4% to $1.15 billion, beating…

Gaming and media firm Nazara Technologies on Tuesday said its profit after tax grew 47% on year to Rs 29 crore for the quarter ended December 2023.Revenue for the quarter, however, grew by 2% to Rs 320 crore, up from Rs 315 crore a year ago. For the nine months ended December 2023, the firm saw its revenue grow by 9% to Rs 872 crore, while profit after tax jumped 44% to Rs 75 crore. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking…

Operating revenue of specialty coffee brand Blue Tokai, which is backed by the likes of A91 Partners and actor Deepika Padukone’s Ka Enterprises, jumped more than 70% to Rs 127 crore on-year for FY23.The Gurugram company net loss rose 3.5 times to Rs 43 crore in the year ended March 2023, as the company expanded its footprint significantly in a market where it’s vying with venture-backed players like Third Wave Coffee and large firms such as Starbucks India and Cafe Coffee Day.Elevate Your Tech Prowess with High-Value…

Global software-as-a-service (SaaS) company Zoho has reported consolidated revenue of Rs 8,703 crore in the financial year 2023 (FY23), up nearly 30% (year-on-year). The Sridhar Vembu-led Zoho's consolidated net profit was at Rs 2,836 crore, which increased marginally by 3% (year-on-year) due to an increase in expenses, according to its consolidated financial statements with the Registrar of Companies (RoC).Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data…

Top internet firms didn’t let a ‘funding winter’ dampen their spending in the last fiscal, an ETtech analysis found. Details of this and more in today’s ETtech Morning Dispatch.Also in this letter:■ Byju’s cap table reset■ Bids for modernisation of SCL■ Nasscom’s suggestions for BudgetStartups talk up funding winter, but loosen their purse strings Several of the country’s top internet firms stepped up their spending during fiscal 2023 despite all the talk about controlling expenses given the onset of a ‘funding…

Food and grocery-delivery firm Swiggy reported a 45% jump in operating revenue for fiscal year ended March 2023 to Rs 8,265 crore, even as its net loss expanded 15% to Rs 4,179 crore.The Prosus-backed company, which is currently prepping for an initial public offering (IPO), spent heavily during the year under review on scaling up its quick-commerce vertical Instamart. Swiggy’s total expenses in FY23 came in at a staggering Rs 12,884 crore, up 34% on year, according to regulatory filings sourced from Tofler. Elevate Your…

API Holdings, which runs online pharmacy PharmEasy, widened its consolidated net loss by 30% to Rs 5,212 crore in the financial year ended March though operating revenue grew 16% to Rs 6,644 crore.During the year, the Mumbai-based company continued its belt-tightening initiatives as it more than halved its advertising and promotional expenses to Rs 235 crore, while staff costs declined 12% to Rs 1,283 crore, according to regulatory filings sourced from Tofler.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Packaged foods brand Wingreens Farms nearly doubled its net loss to Rs 180 crore in the last financial year from Rs 93 crore in FY22 as a sharp increase in expenses outweighed higher operating revenue.The Gurugram-based company reported a 50% rise in operating revenue for FY23 at Rs 307 crore, compared to Rs 205 crore in the previous year, showed regulatory filings sourced from Tofler.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking…