Yatra Q3 net revenue jumps 23% on higher air ticketing sales

For-Yatra-Online-Story_ThinkstockPhotos-5006224182Yatra Online Inc, which operates travel portal Yatra.com through its India unit, on Thursday reported higher net revenue and a narrower adjusted operating loss for the quarter through December 2016. Revenue less service cost climbed 23.4% to Rs 134.6 crore for the October-December quarter from Rs 109.1 crore a year earlier, the Nasdaq-listed company said […]

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HT Media’s revenue from digital, mobile businesses falls in Q3

thinkstock-loss-feHT Media Ltd, the publisher of Hindustan Times and Mint newspapers and related websites, on Tuesday reported a drop in revenue from its digital and mobile businesses for the fiscal third quarter. Revenue from the digital business fell 3% to Rs 37.1 crore in the October-December 2016 quarter from Rs 38.2 crore a year earlier, […]

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Lenskart losses widen in FY16, revenue jumps

LenskartLenskart Solutions Pvt. Ltd net loss for the financial year ended March 2016 widened to Rs 113 crore as the eyewear retailer spent more on advertising and promotions, a media report said on Wednesday. The company’s revenue for 2015-16 jumped 63% to Rs 99 crore, Mint reported citing documents filed with the Registrar of Companies […]

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Flipkart loss widens in FY16, revenue jumps 50%

For-Flipkart-Loss-Story_ThinkstockPhotos-103581829Flipkart Pvt Ltd, the Singapore-based holding company of India’s largest e-commerce marketplace, reported a wider loss for 2015-16 as it spent more to hold off growing competition from the local unit of Amazon.com Inc. The company posted a net loss of Rs 5,768.8 crore for the year through March 2016, up 86% from a year […]

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Naukri parent Info Edge’s Q2 profit more than doubles

Info EdgeInfo Edge (India) Ltd has reported a more than doubling of net profit for the fiscal second quarter, as earnings from the Naukri.com hiring services business jumped and losses at its 99acres.com real-estate portal shrank. Standalone net profit for the quarter through September surged to Rs 80.07 crore from Rs 30.81 crore a year earlier, […]

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MakeMyTrip Q2 revenue rises 27%, loss triples

ThinkstockPhotos-164176162MakeMyTrip Ltd, India’s largest online travel services firm, on Wednesday reported a 27% rise in revenue for the second quarter thanks to strong growth in both air ticketing and hotel booking businesses. The NASDAQ-listed company said revenue for the quarter through September increased to $83.1 million from $65.5 million a year earlier. Net loss, however, […]

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Netflix mulls licensing deals, local content to drive growth in India

Video_streamingNetflix Inc. may look at licensing deals and produce more local language content in India, as the world’s largest independent video streaming company looks to strengthen its presence in an increasingly crowded market. The US-based company entered India in January and competes with nearly a dozen online video streaming sites or applications such as NexGTv, […]

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Just Dial Q1 net profit rises on higher other income, lower tax payout

JustdialOnline search engine company Just Dial Ltd on Wednesday reported an 8% rise in net profit for the fiscal first quarter, helped by a jump in other income. Net profit for the quarter ended on 30 June 2016 increased to Rs 38.93 crore from Rs 36.05 crore a year earlier, the company said in its […]

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HT Media’s Q1 digital business revenue climbs 25%, loss shrinks

Growth_freeHT Media Ltd, the publisher of Hindustan Times and Mint newspapers and related websites, on Friday reported higher revenue and a narrower loss from its digital business for the first quarter of the financial year 2016-17. Consolidated revenue from the digital business rose 25% to Rs 38.2 crore in the April-June quarter from Rs 30.6 […]

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