Author: yourrevenue

 India’s fintech ecosystem, the third-largest globally, is expected to reach a scale of $70 billion in annual revenue by FY30, accounting for 18-20 per cent of the addressable financial services revenue pool. India’s fintech industry offers a $400 billion value creation opportunity by 2030, according to the report by Elevation Capital, a leading early-stage venture capital firm. “India’s fast-growing digital population, world-class Digital Public Infrastructure (DPI), and proactive regulators are three key tailwinds underpinning the fintech growth, which will expand into a $400Bn opportunity by 2030,” said Mridul Arora, Partner, Elevation Capital. The report captured Elevation’s deep thesis on the…

Rating agency expects most companies to work with levers such as onshore-offshore mix, employee utilisation levels, and employee pyramid optimisation to help manage costs A moderate revenue growth of 3-5 per cent, in US dollar terms in FY24, is being expected for the Indian IT services industry, according to ICRA. This is lower than the 9.2 per cent YoY growth seen in FY2023 and is owed to persistent uncertainty in key markets, resulting in pauses and deferral of non-critical projects and a slowdown in discretionary IT spending by key sectors like BFSI, retail, technology, and communication. Deepak Jotwani, Assistant Vice…

NAPCO (NASDAQ: NSSC) reported fourth quarter EPS of $0.28, $0.01 better than the analyst estimate of $0.27. Revenue for the quarter came in at $44.66M versus the consensus estimate of $48.08M. NAPCO’s stock price closed at $22.78. It is down -37.52% in the last 3 months and down -19.93% in the last 12 months. NAPCO saw 0 positive EPS revisions and 1 negative EPS revisions in the last 90 days. See NAPCO’s stock price’s past reactions to earnings here. According to InvestingPro, NAPCO’s Financial Health score is “great performance”. Check out NAPCO’s recent earnings performance, and NAPCO’s financials here. Stay up-to-date on all of the…

Following a notable 50% growth during FY22, Marico-owned Beardo decelerated during the previous fiscal year ending March 2023. However, the Ahmedabad-headquartered company slipped into losses in FY23 after registering a first-ever profit during FY22. Beardo’s revenue from operations increased 12.2% to Rs 106.6 crore in FY23, according to the annual report published by the holding company Marico. Beardo offers an extensive array of items including beard oil, beard wax, face wash, beard combs, soaps, lotions, and more via its platform. It distributes its products through various retail channels such as online and offline commerce. The primary income source for Beardo is…

This strategic move aims to reward content creators for their contributions to the platform while also offering an incentive for the creation of engaging and high-quality content. Twitter’s ad revenue sharing model presents a unique opportunity for content creators to earn money based on their engagement and influence. Under this model, creators who meet specific eligibility criteria can earn a portion of the ad revenue generated from the ads displayed alongside their content. This includes both video content and longer-form content, providing creators with flexibility in their monetization strategies. The eligibility criteria for participation in the ad revenue-sharing program may…

Online classified platform Quikr’s revenue for the financial year-ended 2022 fell around 19% to Rs 49.1 crore compared to Rs 60.7 crore recorded during the preceding year, marking a third fiscal of declining revenue. According to filings with the Registrar of Companies, Quikr generated almost half of its revenue from lead referral fee, earning Rs 24.5 crore during the year, down about 10% compared to the previous year. It earned about Rs 21.7 crore from advertising revenue, about 17% lower than FY21; Income from commissions stood at Rs 1.3 crore and about Rs 1.5 crore from other services. Intrestingly, the platform…

SJS Enterprises aims to compound its revenue on the back of acquisitions. Based in Bengaluru, it is among companies that operate in the decorative aesthetics industry. Shares of SJS Enterprises, an aesthetics component company, shot up 2 percent on August 23, extending the previous day’s 4 percent gain, after Evergraph Holdings, a promoter group entity, sold a 29.5 percent stake in the company. “The block was doing the rounds for some time now and they finally found buyers,” a dealer told Moneycontrol. “This removes a key overhang from the stock as the private equity fund would have exited some day or the other.”…

The company sources more than 70 percent of its raw material from China but intends to reduce the dependence on the neighbouring country by tapping domestic companies. Aeroflex Industries is aiming for an annual turnover of nearly Rs 1,000 crore in five years, managing director Asad Daud said in an interaction with Moneycontrol. That works out to a compound annual growth rate of 30 percent. The company, which secured backing from marquee investors like Ashish Kacholia and Jagdish Master  ahead of its initial public offering (IPO), supplies high-end and specialised hoses as part of its “flexible flow solutions” to industries…

Home services unicorn Urban Company narrowed its losses in the last financial year to Rs 308.4 crore from Rs 514.7 crore in the previous year, as it controlled its costs and grew its revenue. The Ratan Tata-backed startup, which also counts Tiger Global and Prosus among its investors, reported a 45% jump in its consolidated operating revenue to Rs 636.6 crore in FY23, according to the annual statements it filed with the Registrar of Companies. In FY22, the company grew its revenue by 76.7% to Rs 437.6 crore. The growth in revenue during FY23 comes amid protest from its gig workers, who have been unhappy with the company’s unrealistic…

SoftBank Group Corp’s Arm Ltd is expected to report a revenue decline of about 1% in the year ended March, when the chip designer reveals its initial public offering (IPO) filing on Monday, according to a person familiar with the matter. Arm’s sales fell to $2.68 billion in the 12 months ended March 31, hurt by a slump in global smartphone shipments, the source said, requesting anonymity. Sales for the quarter ended June 30 fell 2.5% to $675 million. Arm, which is preparing to list its shares on the Nasdaq as soon as next month, declined to comment. Global chipmakers…