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Shadowfax turns profitable with 56 crore Q4 profit as revenue surges 74 percent year over year

Shadowfax turns profitable with 56 crore Q4 profit as revenue surges 74 percent year over year

Shadowfax reported a consolidated net profit of ₹55.8 crore in Q4 FY26, reversing a ₹9.9 crore loss in the year-ago quarter. Revenue from operations jumped 73.6% YoY to ₹1,237 crore, with total income at ₹1,242.6 crore. Costs also rose 64.2%, but profit still grew nearly 60% sequentially.

Summarised by Beize from a story on Inc42 on 14 May 2026
IPO Bound Acko Turns Profitable With ₹43 6 Crore Net Profit in FY26

IPO Bound Acko Turns Profitable With ₹43 6 Crore Net Profit in FY26

Insurtech unicorn Acko says it turned profitable in FY26 with net profit of ₹43.6 crore, swinging from a ₹193.4 crore loss in FY25. Net earned premium rose 26% to ₹191.8 crore as operating expenses fell 12.3%. Investment income declined, but gains from investment sales improved. The turnaround comes as Acko gears up for an IPO, after laying off about 5% of its staff.

Summarised by Beize from a story on Inc42 on 11 May 2026

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Paytm turns profitable but investors should notice one surprising engine behind the numbers

Paytm turns profitable but investors should notice one surprising engine behind the numbers

Paytm parent One97 delivered its first full-year profit of ₹552 crore in FY26, after a ₹663 crore loss in FY25. But the win has caveats: interest and investment income from its large cash pile helps materially. Core businesses are improving margins and cash generation, with AI driving cost cuts and growth levers like merchant payments and loans.

Summarised by Beize from a story on Inc42 on 11 May 2026
Q1 fuel losses could wipe out full-year profits for Indian oil marketing companies

Q1 fuel losses could wipe out full-year profits for Indian oil marketing companies

After the Middle East war began, Indian state-owned oil marketing companies kept petrol, diesel and LPG supplies running with prices far below cost. But those under-recovery losses are building quickly, and analysts warn that Q1 fuel losses could erase entire fiscal-year earnings for the companies—unless pricing and reimbursement keep up.

Summarised by Beize from a story on The Economic Times on 11 May 2026
Wingreens ₹120 Cr Series D and Safe Harvest acquisition as InCred and Acko race toward IPOs

Wingreens ₹120 Cr Series D and Safe Harvest acquisition as InCred and Acko race toward IPOs

Wingreens Farms closed a ₹120 crore Series D and acquired Safe Harvest via a share-swap, banking on farmer partnerships and EBITDA profitability for a listing in two years. InCred Holdings filed its UDRHP for a ₹1,250 crore IPO, while Acko swung to ₹43.6 crore FY26 profit ahead of its own listing. Elsewhere, Ather hit a record high and Urban Company slid after a steep Q4 loss.

Summarised by Beize from a story on Startup Talky on 11 May 2026
Cars24 claims first adjusted EBITDA profit in Q4 FY26 as IPO plans heat up

Cars24 claims first adjusted EBITDA profit in Q4 FY26 as IPO plans heat up

Cars24, the IPO-bound used-car marketplace, says it became profitable for the first time in Q4 FY26 with ₹20 crore adjusted EBITDA. The company also claims “structurally positive” margins in the UAE and operating profitability in Australia, attributing gains to AI-led efficiencies, lower acquisition costs, and lending momentum. Full FY26 EBITDA loss narrowed, while transaction volumes shifted toward vehicle ownership services.

Summarised by Beize from a story on Inc42 on 8 May 2026

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Swiggy CEO compares quick commerce rush to telecom booms warns against mindless spending

Swiggy CEO compares quick commerce rush to telecom booms warns against mindless spending

Swiggy founder Sriharsha Majety says the current quick commerce frenzy mirrors earlier telecom booms, where aggressive spending decided winners and losers. He argues strategic clarity matters most during cycles of heavy investment, and stresses Swiggy is balancing growth with profitability. The goal, he says, is long-term durability, not sacrificing market share for short-term relevance.

Summarised by Beize from a story on The Economic Times on 8 May 2026
Swiggy Instamart March quarter sales slip as quick commerce pivots to profits

Swiggy Instamart March quarter sales slip as quick commerce pivots to profits

Swiggy Instamart’s gross order value fell 0.7% sequentially to Rs 7,881 crore in the March quarter, even as it rose 68% year-on-year. The slowdown reflects a wider quick commerce shift: operators are prioritizing unit economics and profitability over chasing higher volumes at any cost.

Summarised by Beize from a story on The Economic Times on 8 May 2026
Urban Company InstaHelp surges in growth but profits take a steep hit

Urban Company InstaHelp surges in growth but profits take a steep hit

Urban Company’s InstaHelp grew quickly in the March quarter, but the momentum came with a sharp rise in net losses. The company is pouring money into its on-demand domestic help business and says it will keep investing despite the drag on profitability. Meanwhile, competition in the segment is intensifying, raising pressure on margins.

Summarised by Beize from a story on The Economic Times on 8 May 2026
Paytm Shares Jump After First Full Year Profit Sparks Fresh Buy Calls

Paytm Shares Jump After First Full Year Profit Sparks Fresh Buy Calls

Paytm’s parent One 97 Communications gained around 2% after investors cheered the fintech’s first full year of profitability. Shares rose to an intraday high of ₹1,219.10 as brokerages like Goldman Sachs and Citi kept Buy or Outperform ratings, pointing to stronger revenue momentum and growing payments market share even as regulation continues to reshape the landscape.

Summarised by Beize from a story on Republic on 8 May 2026

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Citigroup unveils 2027 2028 profitability targets and $30 billion buyback push

Citigroup unveils 2027 2028 profitability targets and $30 billion buyback push

Citigroup is betting on a major turnaround, setting 2027 to 2028 adjusted return on tangible common equity targets of 11 to 13 percent. CEO Jane Fraser tied the goals to a company wide overhaul and announced a $30 billion share buyback, aiming to strengthen consistency and expand organic growth, especially in wealth management.

Summarised by Beize from a story on The Economic Times on 7 May 2026
Paytm turns to AI overhaul after first profitable year to fuel FY27 momentum and automate everything

Paytm turns to AI overhaul after first profitable year to fuel FY27 momentum and automate everything

After posting its first full year of profitability in FY26, Paytm is shifting focus to an AI-led makeover aimed at driving FY27 momentum. Management says it will cap new investments to AI, avoid building its own data centre by renting capacity instead, and automate services across consumers and merchants using applied models and agentic interfaces. The call also sidestepped PPBL fallout while upbeat growth tailwinds lifted shares.

Summarised by Beize from a story on Inc42 on 7 May 2026
Muthoot Microfin grew 13 percent as industry shrank 20 percent CEO details the turnaround

Muthoot Microfin grew 13 percent as industry shrank 20 percent CEO details the turnaround

Muthoot Microfin outperformed a shrinking lending market, expanding assets by more than 13% while industry growth fell about 20%. The CEO attributed the turnaround to improved repayment performance and lower bad loans. New individual loan products are gaining traction, and further margin expansion and profitability gains are expected in the coming years.

Summarised by Beize from a story on The Economic Times on 7 May 2026
Cars24 trims losses as revenue surges 27% in FY26 driven by AI cost cuts

Cars24 trims losses as revenue surges 27% in FY26 driven by AI cost cuts

Cars24’s FY26 numbers show a strong turnaround: revenue rose 27% to Rs 1,411 crore and operating losses narrowed by 36%. The company reported EBITDA positivity in January, attributing the shift to AI adoption that reduced marketing and tech costs. Loan disbursals also climbed 57%, adding momentum to its growth story.

Summarised by Beize from a story on The Economic Times on 7 May 2026

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McKinsey warns Indian banks face a structural profitability squeeze from costs and rising credit risks

McKinsey warns Indian banks face a structural profitability squeeze from costs and rising credit risks

McKinsey says India’s banking sector is shifting from a phase of strong profits and balance sheet improvement to a tougher era of structural pressures. Higher operating costs and emerging credit risks are likely to weigh on profitability, forcing banks to navigate “turbulence” as the operating environment grows more complex than in recent years.

Summarised by Beize from a story on Republic on 5 May 2026
Ather Energy shares surge after Q4 loss shrinks and revenue races ahead

Ather Energy shares surge after Q4 loss shrinks and revenue races ahead

Ather Energy stock jumped after its Q4 FY26 performance, with losses narrowing sharply and revenue surging. The company reported a 36.3% drop in FY26 loss, strong quarterly growth, and improved EBITDA margins, despite higher costs and pressures like lithium price volatility and production disruptions from rare-earth magnet export limits. Brokerages stayed bullish, citing long-term growth and network expansion.

Summarised by Beize from a story on Inc42 on 5 May 2026
Eternal Triple Bet Surges in Numbers Yet Profit Hinges on Other Income

Eternal Triple Bet Surges in Numbers Yet Profit Hinges on Other Income

Eternal’s new CEO Albinder Dhindsa inherits a strong-looking Q4 FY26, with profits up 4.5x YoY. But the key red flag is under the headline: without other income, the quarter turns into a loss as expenses spike 185%. The firm’s triple play—Blinkit quick commerce, Zomato delivery, and District going-out—shows scale now, margins later.

Summarised by Beize from a story on Inc42 on 4 May 2026
AI spending boom surges for big tech but returns stay elusive Jefferies warns profitability risk

AI spending boom surges for big tech but returns stay elusive Jefferies warns profitability risk

Global tech giants are pouring money into AI, pushing capital expenditure to near record levels compared with operating cash flow. But monetisation is still unclear, leaving investors worried about profitability as competition heats up. Jefferies’ Chris Wood says the AI race could become capital intensive, similar to industries where heavy spending doesn’t guarantee early returns.

Summarised by Beize from a story on The Economic Times on 2 May 2026

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Home interior startups turn to AI to cut costs and speed up profits in a crowded market

Home interior startups turn to AI to cut costs and speed up profits in a crowded market

India’s home interior startups are increasingly betting on AI to fight soaring customer acquisition and day-to-day operating costs. Firms such as Homelane and Livspace say AI helps improve designer productivity and streamlines internal workflows, helping them compete more effectively against the unorganized market and move toward profitability.

Summarised by Beize from a story on The Economic Times on 2 May 2026
Smartworks revenue jumps 31% to Rs 1796 crore and hits first full year profitability

Smartworks revenue jumps 31% to Rs 1796 crore and hits first full year profitability

Smartworks posted strong FY26 results with revenue rising 31% to Rs 1,796 crore, along with its first full year of profitability. The flexible workspace provider became the first listed platform in India to cross 10 million square feet and expanded to 16.1 million square feet across 66 centres. Contracted rental revenue also surged past Rs 5,200 crore.

Summarised by Beize from a story on The Economic Times on 30 Apr 2026
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