Outlook Business Desk
Zomato's revenue rose 64.4% year-over-year (YoY) to Rs 5,405 crore; however, its profit after tax (PAT) dropped by 57.2% to Rs 59 crore. Since its listing, the shares have surged by over 140%
With a net loss of Rs 799.1 crore swiggy's revenue increased by 31% YoY to Rs 3,993.1 crore. Since its listing, Swiggy shares have declined by over 19%. Motilal Oswal Financial Services predicts that it will grow at a slower pace than others.
Nykaa's stock has dropped over 50% since its listing. In Q3, its revenue grew by 26.7% YoY to Rs 2,267.2 crore, while PAT surged by 51.3% to Rs 26.4 crore. According to Elara Capital the company will face pressure due to rising competition.
FirstCry's revenue grew 14.3% YoY to Rs 2,172.3 crore, with a net loss of Rs 7.8 crore. So far this year, the shares of the company have declined by over 40%
Ola's stock continues to stay in the red territory. During the quarter under review, its revenue declined 19.4% YoY to Rs 1,045 crore, while it reported a net loss of Rs 564 crore.
Mamaearth's revenue increased by 6% YoY to Rs 517.5 crore, with a PAT of Rs 26 crore. Emkay Research expects 50% yearly revenue growth from FY23 to FY26, with steady profit gains.
Ixigo performed well in Q3, with revenue grew by 41.8% YoY to Rs 241.8 crore. However, PAT fell 48.4% to Rs 15.5 crore. The stock has declined by over 22% so far this year.
Mobikwik reported a 17.7% YoY revenue growth to Rs 269.5 crore, with a net loss of Rs 55.3 crore.