RAZORPAY PAYMENTS ENTITY FY23 PROFIT
Fino Payments Bank eyes tripling digital banking revenue share by FY25 Fino Payments Bank sees an opportunity in the digital banking space after Paytm Payments Bank's exit. To capitalise on this, they're ramping up their digital offerings, aiming to grow their digital revenue share from 5-6% in FY24 to 15% this fiscal ...
10 Jun, 2024, 10.32 AM ISTRBI cracks down on payment frauds; layoffs at Simpl The central bank is setting up a panel headed by former NPCI chief Abhaya Hota to take on payment frauds. This and more in today’s ETtech Top 5.
06 Jun, 2024, 08.17 PM ISTRBI sets up panel to track online payment frauds; AP Hota to head committee Along with Hota, representatives of NPCI, State Bank of India, HDFC Bank and ICICI Bank have been made members of the committee. The platform will establish operational guidelines for the proposed processes, determining the extent of data to be prov...
06 Jun, 2024, 07.05 PM IST- ADVERTISEMENT
Reality behind the 8.2% FY24 GDP growth is not as robust The 8.2% FY24 GDP growth reflects a modest deceleration from 3QFY24 at 8.6%. Real gross value added growth slowed considerably in 4QFY24 to 6.3% from 8.3% in 1QFY24.
03 Jun, 2024, 02.31 PM ISTStripe pulls back from India; Oxyzo FY24 results Citing stricter regulatory requirements, US payments major Stripe has shifted to an ‘invite only’ mode in India. This and more in today’s ETtech Top 5.
31 May, 2024, 08.02 PM ISTOxyzo FY24 operating revenue up 59% to Rs 903 crore, net profit at Rs 290 crore Oxyzo Financial Services, the lending arm of OfBusiness, reported a 59% increase in operating revenue to Rs 903 crore for FY24. The company raised $200 million at a unicorn valuation from investors like Alpha Wave Global. Ruchi Kalra leads Oxyzo, wh...
31 May, 2024, 04.11 PM ISTCashfree appoints ex-Razorpay executive Harsh Gupta as CRO Cashfree will also see another transition in its organisational structure with Arun Tikko, the chief business officer, being elevated to a bigger role to lead the international expansion of its business across new markets. Harsh Gupta will now focus...
30 May, 2024, 08.50 PM ISTApollo Hospitals Q4 Results: Net profit soars 77% YoY to Rs 258 crore; revenue jumps 15% Apollo Hospitals Q4 Results: Revenue from operations for the January-March 2024 period increased 15% YoY to Rs 4,944 crore. The company's board has recommended a final dividend of Rs 10 per share for FY24. EBITDA for the fourth quarter stood at Rs 6...
30 May, 2024, 07.48 PM ISTDB Corp Q4 Results: Net profit up nearly three-fold at Rs 122 crore Media house DB Corp Ltd on Wednesday reported a nearly three-fold jump in consolidated net profit at Rs 122.52 crore for the fourth quarter ended March 31, helped by a broad-based growth across verticals.
22 May, 2024, 02.57 PM ISTInfibeam Avenues reports 55% jump in profits at Rs 147 crore for FY24 Infibeam Avenues, the Ahmedabad-based company behind CCAvenue payment gateway and BuildaBazaar enterprise software, saw its annual revenue soar by 61% to Rs 3,171 crore in FY24, compared to Rs 1,962 crore the previous year. Profit after tax also jum...
16 May, 2024, 05.34 PM ISTJindal Steel Q4 Results: Profit doubles in March quarter on lower costs The steel-maker’s consolidated net profit was Rs 933 crore, while total revenue from operations fell over 1% on year to Rs 13,487 crore.
13 May, 2024, 09.09 PM ISTJindal Steel Q4 Results: Cons PAT zooms 100% YoY to Rs 933 crore, but revenue falls 1% Jindal Steel Q4 Results: In the corresponding quarter of the last financial year, the company reported a PAT of Rs 466 crore. On a sequential basis, the consolidated PAT was down 52% versus Rs 1,928 crore reported in Q3FY24. Gross revenue for the qu...
13 May, 2024, 06.36 PM ISTCipla Q4 Results: Net profit jumps 79% YoY to Rs 939 crore on strong sales momentum Cipla's North America sales, which constitute primarily US, grew 11.8% YoY to Rs 1875 crore driven by key products Lanreotide (used for treating growth hormone disorder) gaining market share to 20.8% and 12-13% Albuterol (anti-asthma inhalation) cou...
10 May, 2024, 08.03 PM ISTBSE Q4 Results: Cons PAT jumps 18% YoY to Rs 107 crore; revenue skyrockets 115% BSE Q4 Results: The exchange had reported a profit of Rs 91 crore in the year-ago period. The consolidated revenue from operations for the reported quarter stood at Rs 488.37 crore. The company's board of directors also recommended payment of a fina...
08 May, 2024, 07.16 PM ISTWipro Q4 results; RBI nod for Cred’s payment aggregator biz IT services major Wipro saw an 8% fall in its consolidated net profit in the March quarter. This and more in today’s ETtech Top 5.
19 Apr, 2024, 07.47 PM ISTBillDesk reports slight growth in revenue, fall in profit in FY23 BillDesk's operational revenue increased to Rs 2,678 crore for FY23, with net profit at Rs 141.9 crore. Entrackr reported the financials, highlighting revenue stagnation and profit strain over the last three years, surpassing competitors like Razorp...
28 Mar, 2024, 08.00 PM ISTRazorpay’s payments entity reports flat profit of Rs 7.3 crore in FY23 Razorpay Software Pvt Ltd saw its revenue from operations grow 54% in FY23 to Rs 2,279 crore from Rs 1,481 crore in FY22. Employee benefits and salaries were one of the biggest cost centres for the startup, comprising 28% of the total expenses.
29 Feb, 2024, 11.23 PM ISTFino Payments Bank Q3 Results: Firm posts net profit of Rs 23 crore Its revenue for the quarter was 18% higher at Rs 370 crore while EBITDA expanded by 30% to Rs 50.5 crore. Overall throughput value grew by 42% year-on-year to Rs 93,323 crore while digital throughput within it grew 184% to Rs 38,187 crore.
31 Jan, 2024, 10.46 PM ISTPaytm trims Q3 losses; Dream11 FY23 revenue grows 66% Digital payments major Paytm on Friday said it has narrowed losses to Rs 222 crore for the quarter ended December, from Rs 392 crore a year ago and Rs 290 crore in the preceding quarter.
19 Jan, 2024, 08.07 PM ISTPayments firm Cashfree posts 75% jump in FY23 revenue, losses bloat to Rs 133 crore Total expenses for Cashfree more than doubled to Rs 750 crore during the year, mainly on account of employee costs jumping to Rs 198 crore from Rs 96 crore in the previous fiscal.
04 Jan, 2024, 08.08 PM IST