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OYO's profit surged 2.7 times to INR 623 crore in FY25, marking a significant financial milestone for the company. This impressive growth reflects OYO's strong performance and strategic initiatives in the hospitality sector under the leadership of Ritesh Agarwal.
UBS has lowered its target price for Mahanagar Gas to INR 1,650 from INR 1,850 while maintaining a buy rating. The revision is attributed to expected cost reductions in commodity gas, changes in domestic gas allocation, and a stronger Indian rupee. Despite a 3% decrease in EBITDA guidance for FY2026 to FY2028, the firm anticipates an 8.9% CAGR in volumes, driven by growth in CNG and PNG segments.
Troovy has successfully raised INR 20 crore to enhance its quick commerce operations. This funding aims to strengthen the company's position in the rapidly evolving market, allowing for improved service delivery and expansion of its offerings.
Deutsche Bank's DWS is in early discussions with Nippon Life to establish an asset management joint venture in India, aiming to expand in Asia amid regulatory challenges. DWS, managing over €1 trillion in assets, seeks growth opportunities following a failed venture in China. Nippon Life, Japan's largest insurer, already holds a 5% stake in DWS and operates a fund management business in India.
Deutsche Bank's investment arm DWS is in early talks with Japan's Nippon Life to establish an asset management joint venture in India, aiming to expand in Asia. The discussions follow a failed joint venture attempt in China and could leverage recent regulatory changes in India to launch passive funds. Nippon Life, already a 5% stakeholder in DWS, has a significant fund management presence in India.
CarTrade Tech Limited reported a 28% revenue increase to ₹711 crores (US$85.3 million) for Q1 FY25, with profit after tax soaring six-fold to ₹145 crores (US$17.4 million). The company's strategic acquisitions, particularly OLX India, have significantly enhanced its market position, while its debt-free status and cash reserves of ₹832 crores bolster its capacity for technology investments amidst industry challenges.
Indian electric two-wheeler startup Simple Energy plans a $355 million IPO by FY27 to expand its manufacturing capabilities and meet rising demand. The company aims for cumulative sales of 100,000 EVs and a significant increase in its dealership network, while targeting EBITDA profitability by FY26 amidst a challenging funding landscape. With a focus on local manufacturing and addressing key barriers to EV adoption, Simple Energy is positioning itself as a sustainable player in India's growing EV market.
Paytm anticipates achieving profitability in the April to June quarter, following a reported loss of 5.4 billion rupees for the quarter ending March 31, 2025, largely due to a one-time charge related to employee stock options. The company expects a significant reduction in ESOP costs, projecting them to fall between 750 million and 1 billion rupees. This shift towards profitability reflects a broader trend in India's fintech sector, emphasizing sustainable growth and regulatory compliance.
KorinMi, India’s first Korean skincare clinic, has secured $355,272 in pre-seed funding, led by angel investors Vikas Agarwal and Vivek Kumar. Founded in 2024, the clinic combines Korean skincare technology with treatments tailored for Indian skin and has achieved operational profitability within six months. With plans to expand to 25 locations across India in three years, KorinMi capitalizes on the booming skincare market, projected to grow significantly in the coming years.
Profit has increased by 17% year-over-year, reaching INR 3.4 crore. This growth reflects a strong performance in the current financial period, showcasing the company's positive trajectory in the market.
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OYO reports 2.7 times profit increase to 623 crore in fiscal year 2025
16:37 08.05.2025
ubs lowers mahanagar gas price target but maintains buy rating
11:55 08.05.2025
Troovy secures 20 crore INR to enhance quick commerce operations
17:29 07.05.2025
DWS and Nippon Life explore joint venture for India asset management expansion
12:20 07.05.2025
deutsche bank's dws and nippon life explore joint venture in india
11:47 07.05.2025
CarTrade Tech reports significant revenue and profit growth in Q1 2025
11:29 07.05.2025
Indian startup Simple Energy plans 355 million dollar IPO by fiscal year 2027
10:54 07.05.2025
Paytm anticipates profitability as it shifts focus to sustainable growth
06:40 07.05.2025
KorinMi secures funding to expand Korean skincare clinics in India
03:10 07.05.2025
profit increases 17 percent year on year to 3.4 crore rupees
16:34 05.05.2025
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