Wednesday, September 16
ET Intelligence Group: Initial public offerings (IPOs) are no longer the domain of companies in India's major cities with a rising trend of firms from Tier II and III cities venturing into the primary market in recent years, showed data compiled by ETIG.In 2021, 14 companies from the smaller cities raised ₹5,465 crore through public issues, comprising 4.2% of total IPO funds raised that year. In 2024, the IPO tally climbed to 37 and the amount raised shot up nearly eightfold to ₹43,316 crore or 27% of the value of total IPOs. This calendar year so far, 22 firms from smaller cities have raised ₹8,120 crore or nearly 15% of total funding through IPOs.Some of these cities include Ratlam, Kanpur, Vapi, Sangli, and Tirunelveli.While some of these companies are regional heavyweights in the
Food delivery player Swiggy Ltd on Thursday reported widening of its net losses to Rs 1,197 crore in the first quarter of FY26, compared to Rs 611 crore in the year-ago period. Revenue from operations in the reporting period rose 54% YoY to Rs 4,961 crore.The company’s management attributed the higher losses to scale-driven growth across verticals and reiterated its focus on long-term sustainable profitability. CEO Sriharsha Majety said continued investments aligned to its vision of creating convenience at scale.Despite the topline growth, total expenses surged 60% YoY to Rs 6,244 crore, led by higher delivery costs, advertising spends, employee benefits, and logistics expenses in the quick commerce segment. Delivery-related costs alone stood at Rs 1,313 crore while advertising and promo
TVS Motor Company on Thursday reported a 32% year-on-year (YoY) growth in its Q1FY26 consolidated net profit at Rs 610 crore, compared to Rs 461 crore in the same period last year. The profit after tax (PAT) is attributable to the owners of the company. Revenue from operations rose 18% to Rs 12,210 crore from Rs 10,314 crore in the corresponding quarter of the previous financial year.The company’s revenue from operations stood at Rs 12,210 crore, up 18% from Rs 10,314 crore reported in the corresponding quarter of the previous financial year.January–March quarter of FY25. However, topline rose 6% quarter-on-quarter to Rs 12,210 crore from Rs 11,542 crore in Q4FY25.The two-wheeler major reported a standalone PAT of Rs 779 crore for the quarter under review, up 35% from Rs 577 crore in t
