Welcome to another edition of ETtech Unwrapped– our weekend newsletter. This is Pranav Mukul in New Delhi. Today we’ve finished up another fascinating revenues season for noted new-age business. Here are the highlights: PB Fintech Headline numbers: January-March running profits increased 25% on year to Rs 1,089 crore. Net earnings stood at Rs 60 crore, versus a bottom line of Rs 9 crore in the very same quarter in 2015. Secret takeaway: Core insurance coverage service carried out well, with insurance coverage premiums throughout the quarter up 47% on year. Wider downturn in the unsecured credit market affected its system Paisabazaar. By the method: Group CEO Yashish Dahiya anticipated a net earnings of around Rs 80 crore in FY24, however tax payments affected the numbers. The business reported Rs 64 crore in revenue after tax for the complete year. Deepinder Goyal, CEO, Zomato Headline numbers: Operating income for the three-month duration grew 73% on year to Rs 3,526 crore. Zomato published a net revenue for the 4th straight quarter at Rs 175 crore, versus a loss of Rs 188 crore in 2015. Secret takeaway: Aggressive push underway to broaden fast commerce platform Blinkit. Dark shop count to double to 1,000 by end-FY25. By the method: Esop costs practically doubled on year to Rs 161 crore in the March quarter; Esops to Blinkit management group and senior staff members anticipated to press it up even more. Delhivery Headline numbers: Operating earnings grew 11% on year to Rs 2,075 crore. The new-age logistics company, nevertheless, slipped back into the red sequentially, with a bottom line of Rs 68 crore. Secret takeaway: Delhivery CEO Sahil Barua flagged softness in online intake for the March quarter. By the method: Executive director and chief bus
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