New Delhi, May 8 (IANS) Quick commerce services provider Swiggy on Friday reported that its FY26 full financial year loss widened to Rs 4,154 crore compared to Rs 3,117 crore in the previous fiscal.However, the company reported a narrowing of its net loss to Rs 800 crore for the quarter ended March 31, 2026, compared to a loss of Rs 1,081 crore in the same period last year.The online food and grocery delivery platform posted a 45 per cent year-on-year rise in revenue from operations at Rs 6,383 …
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Mumbai, May 6 (IANS) Polycab India Limited on Wednesday saw margin pressure in the March quarter (Q4 FY26) amid higher expenses and an unfavourable business mix.The company’s EBITDA margin contracted by 160 basis points to 13.1 per cent from 14.7 per cent.The decline was attributed to an unfavourable product mix, with a higher contribution from institutional sales, along with operating deleverage that increased overall cost pressures.Total expenses of the firm also jumped by 29.68 per cent to Rs…
Mumbai, May 5 (IANS) Raymond Limited on Tuesday reported a sharp decline in its fourth-quarter consolidated net profit, impacted by a one-time exceptional loss.The company’s net profit attributable to owners for the January–March quarter fell 99.2 per cent to Rs 1.1 crore from Rs 133 crore in the year-ago period, primarily due to an exceptional item outgo of around Rs 20 crore during the quarter.Despite the steep fall in profit, Raymond posted an 8.1 per cent rise in revenue to Rs 603 crore,…
New Delhi, March 20 (IANS) Food delivery platform Zomato has increased platform fee by 19.2 per cent or Rs 2.40 per order, according to the latest billing details available on its app on Friday.On a pre-GST basis, the platform fee now stands at Rs 14.90 per order, up from Rs 12.50 earlier.The latest hike comes amid rising energy costs, including LPG and crude oil, which have increased operating expenses for restaurants and delivery partners, prompting platforms to adjust pricing.Leading online f…
Mumbai, Feb 13 (IANS) Electric two-wheeler company Ola Electric on Friday reported 55.02 per cent decline in its revenue from operations (year-on-year) to Rs 470 crore in Q3 FY26, compared to Rs 1,045 crore in the same period last fiscal.The company’s total revenue also saw a significant decline in the December quarter, falling 56.99 per cent year-on-year to Rs 504 crore, compared to Rs 1,172 crore in the same period last year.Ola Electric continues to suffer losses. In the December quarter of F…
Mumbai, Feb 4 (IANS) Tata Power on Wednesday reported a 25 per cent year-on-year (YoY) decline in consolidated net profit attributable to the equity holders of the company at Rs 772 crore for the October–December quarter (Q3) of FY26, compared to Rs 1,031 crore in the same period last financial year (Q3 FY25). The drop came amid lower revenues and flat power demand during the quarter.The company’s revenue from operations fell 9 per cent to Rs 13,948.41 crore in Q3 FY26 from Rs 15,391.06 cror…