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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Despite the substantial jump in fourth-quarter profit, Nykaa’s earnings missed analysts’ estimates. Meanwhile, Paytm has warned that the “full financial impact” of RBI’s curbs would be clear in the June quarter.
On Wednesday, Nykaa parent FSN E-Commerce Ventures Ltd and fintech giant Paytm reported their financial results for the quarter ended March and the 2023-24 financial year.
FSN E-Commerce Ventures reported a net profit of Rs 9.1 crore for the quarter ended 31 March 2024, a near 4x jump from its Rs 2.3 crore profit in the year-ago period. Its revenue from operations saw a 28% year-on-year rise to Rs 1,668 crore.
Despite the substantial jump in fourth-quarter profit, Nykaa’s earnings missed analysts’ estimates of Rs 13.3 crore.
Meanwhile, the gross merchandise value rose to Rs 3,217 crore, up 32% year-on-year. …
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
An NBFC licence and a string of approvals give the fintech firm a fresh shot at relevance. But patchy execution, intense competition and a stagnant core cast doubt on whether it can capitalize on the opportunity.
The fintech’s financial services business has done reasonably well in Q4 FY26. But upping its lending game without the NBFC tag will be a tall task.
