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Discover Latest #Profitability News, Articles and Videos with Contenting
Profitability news, articles, and videos provide an overview of the strategies and tactics that business owners and executives use to increase their company's profitability. Topics include cost reduction strategies, pricing strategies, sales and marketing strategies, and financial management strategies. In addition, profitability stories often include interviews with business owners and executives who have achieved success in increasing their company's profitability. These articles and videos can provide insight into the best practices for improving profitability, as well as inspiring real-life success stories.
Axis Bank Q3 Results Review - Dolat Capital Maintains 'Add', Revises Target Price; Sees 20% Upside — Here's Why
Axis Bank Ltd. reported in-line profitability metrics benefitting from continued opex optimization, despite muted fee growth and slightly higher credit costs. Loan and deposit growth was weak at 1.5%/0.8% QoQ respectively, though growth in high focus segments (small business banking, mid corporate and SME) was healthy at 4% QoQ. Slippage ratio at 2.2% was slightly elevated.
Innoviti Allocates Additional Rs. 25 Cr. of ESOPs in Preparation for its Proposed IPO - ForexTV
(Allocation provides a wealth creation opportunity to every employee) BENGALURU, India, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Innoviti Technologies Pvt. Ltd., India’s largest payments-centric retail SaaS platform for enterprise brands and their SME channel partners, announced today that in preparation for its IPO it has carried out an additional allocation of Rs. 25 Cr. of ESOPs to 110 employees. With this the total allocation to employees now stands at Rs. 106 Cr.50% of the allocation is towards bringing all employees who have spent more than 1 year with the company under the ESOP plan. The remaining 50% is a grant given to select few employees based on their outstanding contributions to the company. The grants vary from Rs. 3Cr. to Rs. 1 lakh.Innoviti delivers retail SaaS through digital payment channels to help businesses unlock value at the point of consumption left undiscovered by traditional payment solutions. The company’s modern software connects retail and payment systems to deliver new and unique payments, operational, and marketing software through payment channels at the point of consumption.The company’s sales negotiation software “innoviti genie” for mid-market electronics merchants has grown at an annualized rate of 192% in the last year. The enterprise payments software “innoviti unipay” for large enterprises has posted a 15% annualized growth over last year with 28% EBITDA. Innoviti in December 2024 launched its payment collection app “innoviti link” for mid-market merchants doing delivery. This was developed under its online PA license received from RBI. The app has shown a rapid adoption and is targeted to cover 30,000 merchants by March 2025.The company is operating at an annualized run-rate of Rs. 160 Cr., with less than Rs. 8 Cr. of annualized EBITDA loss. Operating profitability is targeted in the next couple of quarters, setting the stage for a proposed IPO in the next 12 months.The company received the final authorization from RBI to operate as an online payment aggregator earlier this year. Quotes: “Innoviti's spectacular performance of 67% revenue growth and 58% EBITDA loss reduction, in the last few quarters, would not have been possible without the hard work put in by the exceptionally talented team at Innoviti. The company is planning for operating profitability within the next 2 quarters, and has initiated IPO planning with an aim to list in the next 12 months. I hope this reward will translate into wealth and happiness for Innoviti’s employees. I hope it will help them reinforce their belief that merit, sincerity, and hard work always pays. I hope that it will help them fulfill their dreams, as they help the company fulfills its.”– said Mr. Rajeev Agrawal, CEO, Innoviti. About Innoviti Technologies Pvt. Ltd., Bangalore, India. https://www.innoviti.com Innoviti provides payments-centric retail SaaS software to enterprise brands and their SME channel partners, helping them grow faster and with lesser efforts, by unlocking competitive advantages left hidden away by traditional payment solutions. Innoviti’s tools run across online and offline payment channels, processing over Rs. 80,000 Cr. annually from across 2000 cities and over 20,000 merchants. The company processes more than 50% of all purchases happening in enterprise retailers in the food & grocery, lifestyle, and healthcare categories. Backed by marquee investors such as Bessemer Venture Partners, USA, FMO, Netherlands, Catamaran Ventures (Mr. Narayana Murthy’s family office), India, and the Patni Family Office, India, Innoviti is the recipient of RBI’s final authorization to operate as an online payment aggregator. The company has won the 50 fastest growing companies in Asia award from Deloitte four times, Reliance Innovation Award, and the Mastercard Innovation Award, and has 11 patents to its name, with 16 more in pipeline. CONTACT: Media Contact: Chinmaya Bhure chinmaya.bhure@innoviti.com +91-98212-15631
Spotify cut at Wolfe Research as bull case requires more than music share gains By Investing.com - Forex Trader Hub
Investing.com -- Wolfe Research downgraded Spotify Technology (NYSE:) to Peer Perform from Outperform on Friday, citing concerns over its valuation and the limited profitability of its core music streaming business. The firm noted that while Spotify is "pacing towards 1B+ global users" and has successfully broadened its offerings to include audiobooks and video, future growth will
Ten Top Twin Momentum Stocks - January 2025 – Validea's Guru Investor Blog
The Twin Momentum strategy looks at combining traditional price momentum with improving fundamentals to generate market outperformance. The strategy uses seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that are combined into a single fundamental momentum measure. The strategy is based on the research paper “Twin Momentum” by Dashan Huang and looks for stocks that… Read More
Zomato Q3FY25 Preview: Revenue may see 66% growth YoY; Blinkit's growth in focus | Zee Business
Zomato Q3 preview: Revenue is seen up 13.9% QoQ, led by Blinkit's rapid growth; EBITDA margin likely to improve to 5.1%, with profitability boosted by lower tax rates. Get more Companies News and Business News on Zee Business.
Zomato Share Price Slumps Over 13% Q3 Earnings As Analysts See Subdued Profitability Ahead
Zomato share price declined to the lowest level in nearly six months as its profitability is expected to remain subdued in current and next financial year as Blinkit expands aggressively. In three months to December 2024, the food delivery business's profit was impacted due to Blinkit's rapid expansion plan.
Cemex PHL targets profitability in three years - BusinessWorld Online
CEMEX Holdings Philippines, Inc. (CHP) expects profitability in three years as the cement company pushes for a financial turnaround. “Our target is profitability in three years. There are a lot of things to do. There is room for improvement,” CHP President and Chief Executive Officer Herbert M. Consunji told reporters on the sidelines of an […]