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Next Swiggy trims losses in Q1; IT's comeback rally Want this newsletter delivered to your inbox? Also in the letter Swiggy losses narrow as Q1FY27
Next Swiggy trims losses in Q1; IT's comeback rally Want this newsletter delivered to your inbox? Also in the letter Swiggy losses narrow as Q1FY27 revenues grow 37% Financials Net loss: Down 34% year-on-year (YoY) to Rs 791 crore from Rs 1,197 crore. Down 34% year-on-year (YoY) to Rs 791 crore from Rs 1,197 crore. Revenue from operations: Up 37% YoY to Rs 6,812 crore from Rs 4,961 crore. Up 37% YoY to Rs 6,812 crore from Rs 4,961 crore. Total income: Up 39% to Rs 7,023 crore. Up 39% to Rs 7,023 crore. Total expenses: Up 25% YoY to Rs 7,813 crore. Tell me more Also Read Company in a strong position, competition poses no threat to growth: Swiggy CEOSpeak Also Read Bengaluru restaurant bodies warn of Swiggy, Zomato boycott in 15 days over commissions What's driving the Rs 3.8 lakh crore boom in IT stocks?
What's happening? Top gainers: Persistent Systems (26%), HCL Technologies (25%), and LTIMindtree (24.6%). Persistent Systems (26%), HCL Technologies (25%), and LTIMindtree (24.6%). Market value added: Tata Consultancy Services (Rs 1.48 lakh crore), HCL Technologies (Rs 73,052 crore), and Infosys (Rs 62,122 crore). Also Read Private equity investors shift tech bets from IT services to AI startups Expert take IT hiring Also Read IT price wars squeeze Infosys out of three multi-million dollar accounts Will aim to make Groww India's largest wealth platform: CEO Lalit Keshre More on this Affluent users: Doubled to around 400,000 in FY26 from 200,000 a year earlier. (Groww defines affluent users as customers with at least Rs 25 lakh in assets on the platform.) Doubled to around 400,000 in FY26 from 200,000 a year earlier. (Groww defines affluent users as customers with at least Rs 25 lakh in assets on the platform.) Revenue from affluent users: Up to Rs 492 crore from Rs 230 crore.
Up to Rs 492 crore from Rs 230 crore. Average annual revenue per affluent user: Up 21% to Rs 16,604. Up 21% to Rs 16,604. Affluent customers accounted for 37% of Groww's total customer assets at the end of March, up from 20% three years earlier. Also Read Groww Q1 profit nearly doubles to Rs 735 crore; MTF, commodities gain share Kissht expects to beat 40% growth target as credit costs ease Q1 financials Operating revenue: Up 45% YoY to Rs 670 crore. to Rs 670 crore. Net profit: Up 59% to Rs 95 crore. Also Read Kissht receives 3-year Amfi registration to distribute mutual funds Microsoft beats Wall Street expectations with $90 billion in revenue By the numbers Revenue: Up 18% to $90 billion, or $4.81 per share, in the April-June quarter. Up 18% to $90 billion, or $4.81 per share, in the April-June quarter.
The BriefWire