Tuesday, November 5

Tag: Profit-Loss

Yatra Revenue Increased by 40.8%, INR 3,360.4 Million in FY17
ANALYSIS

Yatra Revenue Increased by 40.8%, INR 3,360.4 Million in FY17

Yatra, India's leading online travel company, today announced its unaudited financial and operating results for three months ended December 31, 2017. As per the results, yatra delivered good quarter of results with revenue less service cost growth at 45.6% year-over-year. Our multi-channel approach and the resultant symbiotic relationship between our corporate and consumer direct businesses continues to deliver well for us. We have taken great strides on our technology platform for both our retail and corporate customers. This is an exciting time for Yatra, as we believe the combination of strong economic growth and consumer demand at the macro level and our own unique approach at the company level will help us maintain a strong growth rate over the longer term.  Dhruv Shringi, Co-fo...
Magicbricks Posts 20% Growth in Revenue in 2016-17
BUSINESS

Magicbricks Posts 20% Growth in Revenue in 2016-17

Realty portal Magicbricks today reported 20 per cent growth in revenue during last fiscal at Rs 132.6 crore. It posted 30 per cent growth in revenue during the fourth quarter at Rs 36 crore, Magicbricks said in a statement. "While there has been short-term pressure on the pace of growth post demonetisation, we saw search queries recovering strongly in the fourth quarter of 2016-17, indicating consumer sentiment revival. We beat the slowdown through a series of initiatives across product innovation, traffic growth, channel initiatives and partnership alliances," Magicbricks CEO Sudhir Pai said. In the ongoing fiscal, the company plans to launch a series of new business lines around commercial real estate, the rental segment, luxury and NRI segments. It will also integrate produc...