Paytm Allots 1.36 Lakh Shares Under ESOP Scheme - Related to firstcry, narrows, 69%, 15, 25
Delhivery Q3 Profit Jumps 114% To INR 25 Cr
EBITDA declined marginally to INR 102 Cr during the quarter under review from INR 109 Cr in Q3 FY24.
Revenue from services rose over 8% to INR 2,[website] Cr in Q3 FY25 from INR 2,[website] Cr in the year-ago quarter.
Logistics major Delhivery’s consolidated net profit zoomed 114% to INR [website] Cr in the third quarter of the fiscal year 2024-25 (Q3 FY25) from INR [website] Cr in the year-ago quarter on the back of strong growth in its revenue.
Sequentially, net profit surged 145% from INR [website] Cr. Notably, this was the third consecutive profitable quarter for Delhivery.
Revenue from contracts with end-customers rose over 8% to INR 2,[website] Cr during the quarter under review from INR 2,[website] Cr in Q3 FY24. On a quarter-on-quarter (QoQ) basis, it rose nearly 9% from INR 2,[website] Cr.
Including other income of INR [website] Cr, the corporation’s total revenue stood at INR 2,[website] Cr during the quarter ended December 31, 2024.
The organization’s EBITDA declined marginally to INR 102 Cr during the quarter under review from INR 109 Cr in Q3 FY24.
In an investor presentation, Delhivery expressed that its ‘express parcel’ revenue grew 3% year-on-year (YoY) and 15% QoQ to INR 1,488 Cr in the September-December period on higher express parcel shipments.
Express parcel shipment volume grew [website] YoY and [website] QoQ to 206 Mn in Q3 FY25.
Part truckload (PTL) freight revenue surged 22% YoY to INR 462 Cr from INR 379 Cr in the year-ago quarter. However, growth was muted on a sequential basis, with revenue from this vertical rising only 3% from INR 474 Cr due to a decline in volume.
While PTL volume surged [website] to 412K tonnes in the quarter ended December from 354K tonnes in Q3 FY24, sequentially, it declined [website] from 427K tonnes.
Revenue from supply chain services jumped 29% YoY and 12% QoQ to INR 222 Cr in the third quarter of the ongoing fiscal year.
Truckload service revenue rose 5% YoY to INR 160 Cr in the quarter ended December 2024 from INR 153 Cr in the same quarter last year. However, on a QoQ basis, revenue from this vertical grew marginally from INR 158 Cr.
Delhivery generated revenue to the tune of INR 43 Cr from cross-border services in the reported quarter, up 12% YoY and 26% QoQ.
The top line growth outpaced the rise in expenditure for the logistics giant. Total expenses rose a little over 7% to INR 2,[website] Cr during the quarter under review from INR 2,[website] Cr in the December quarter last year. On a QoQ basis, total expenditure grew [website] from INR 2,[website] Cr.
Freight, Handling & Servicing Cost: Being a logistics company, freight, handling and servicing costs emerged as the biggest expense head for Delhivery.
The spending under this head rose 11% to INR 1,[website] Cr in Q3 FY25 from INR 1,[website] Cr in the year-ago period. Sequentially, it rose 6% from INR 1,[website] Cr.
Employee Cost: Delhivery’s employee benefit expenses declined, albeit marginally, to INR [website] Cr during the quarter under review from INR [website] Cr in Q3 FY24. This comprised ESOP costs of INR 31 Cr.
However, employee costs rose 2% QoQ from INR [website] Cr.
Other Expenses: The logistics giant spent INR [website] Cr in this bracket in Q3 FY25, up 10% YoY and 16% QoQ. However, it did not give a breakup of these expenses.
The board of Delhivery has approved the organization’s proposal to liquidate its wholly-owned subsidiary, Delhivery Bangladesh Logistics Private Limited, the organization mentioned in an exchange filing.
As of December 31, 2024, Delhivery’s Bangladeshi subsidiary had a net worth of INR [website] Lakh — representing [website] of the organization’s total net worth.
The liquidation is expected to be completed within one year subject to regulatory approval as per the country’s law. The dissolution of Delhivery Bangladesh will not affect the revenue of the organization, Delhivery mentioned.
Earlier today, Delhivery noted that former Airtel executive Vani Venkatesh will take over as the organization’s chief business officer, effective February 28. The organization has also appointed Sameer Mehta, cofounder and CEO of boAt, as non-executive, independent director.
Delhivery’s board also approved the appointment of Namita Thapar, executive director of Emcure Pharmaceuticals, as an additional director under the category of independent director for 5 years, effective February 17.
Ahead of its Q3 earnings announcement, shares of Delhivery closed Friday’s (February 7) trading session [website] lower at INR [website] apiece on the BSE.
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FirstCry Narrows Q3 Loss By 69% To INR 15 Cr
Revenue from operations surged [website] to INR 2,[website] Cr in Q3 FY25 from INR 1,[website] Cr in the year-ago quarter.
Kids-focussed omnichannel retailer FirstCry’s consolidated net loss narrowed [website] to INR [website] Cr in the third quarter of the fiscal year 2024-25 (Q3 FY25) from INR [website] Cr in the year-ago quarter on the back of healthy growth in its top line.
Sequentially, net loss contracted [website] from INR [website] Cr.
Revenue from operations surged [website] to INR 2,[website] Cr during the quarter under review from INR 1,[website] Cr in Q3 FY24. On a quarter-on-quarter basis, it went up 14% from INR 1,[website] Cr.
Including other income of INR [website] Cr, the organization’s total revenue stood at INR 2,[website] Cr during the quarter ended December 31, 2024.
Its consolidated adjusted EBITDA stood at INR 293 Cr during the quarter under review, up 30% year-on-year.
“Q3 FY25 has been our best quarter in terms of profitability in the last 4 years. We have achieved the highest adjusted EBITDA for our consolidated business as well as India multi-channel business in the last 4 years,” the firm presented in its investor presentation.
The surge in revenue was driven by a strong growth in FirstCry’s India multichannel business’ annual unique transacting people (UTC), which rose 17% to [website] Mn in Q3 FY35 from [website] Mn in the corresponding quarter last year.
The corporation processed [website] Mn orders in the reported quarter, up [website] from [website] Mn orders processed in Q3 FY24. The business had a gross merchandise value of INR 2,[website] Cr in the September-December quarter, up 14% from INR 2,[website] Cr in the corresponding period of the previous fiscal year.
FirstCry raked in INR 1,[website] Cr in revenue from its India operations in Q3 FY25, up 15% from INR 1,[website] Cr in Q3 FY24.
Meanwhile, revenue from the enterprise’s roll-up business GlobalBees rose 13% to INR [website] Cr in Q3 FY25 from INR [website] Cr in the same period last year. The subsidiary’s adjusted EBITDA zoomed [website] to INR 6 Cr during the quarter under review from INR [website] Cr in Q3 FY24.
FirstCry strengthened its roll-up business in Q2 FY25. In September 2024, the business raised its stake in Frootle India and Wellspire India. In the same month, it also infused INR 8 Cr into The Butternut Co and INR [website] Cr into Dynamic IT Solution.
Further, the corporation’s international business is growing sustainably on the back of improving margins. The international business contributed INR [website] Cr to its revenue in Q3 FY25, up 13% from INR [website] Cr in the year-ago quarter.
The growth in the top line outpaced the rise in expenditure for FirstCry during the quarter under review. Total expenses grew 12% to INR 2,[website] Cr during the quarter ended December 2024 from INR 1,[website] Cr in the same quarter last year. Sequentially, it rose [website] from INR 1,[website] Cr.
Purchase Of Stock-In-Trade: The business spent INR 1,[website] Cr under this head in Q3 FY25, up [website] from INR 1,[website] Cr in the year-ago period. On a QoQ basis, spending under this bracket declined [website] from INR 1,[website] Cr.
Employee Cost: FirstCry’s employee benefit expenses rose [website] YoY and [website] QoQ to INR [website] Cr during the quarter under review. Of this, it spent INR [website] Cr on employee share-based payment expenses.
Cost Of Materials Consumed: FirstCry spent INR [website] Cr on the cost of materials in the December quarter of FY25, up [website] from INR [website] Cr Cr in Q3 FY24.
The board of FirstCry has approved an investment of INR [website] Cr in its subsidiary Digital Age Retail Private Limited by way of subscription to equity shares, it mentioned in an exchange filing. Digital Age is into multi-brand retailing and operates FirstCry’s online platform and mobile application.
Digital Age will use the fresh capital for setting up new modern stores, towards lease payments for existing identified stores and repayment of dues worth INR 45 Cr owed to Brainbees Solutions Limited, the parent enterprise of FirstCry.
Ahead of Q3 results, shares of FirstCry ended Friday’s (February 8) trading session [website] lower at INR [website] on the BSE.
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Paytm Allots 1.36 Lakh Shares Under ESOP Scheme
Paytm managed to trim its loss by 6% YoY to INR [website] Cr in Q3 FY25, while operating revenue declined 36% YoY to INR 1,[website] Cr.
This follows Paytm last month allotting [website] Lakh equity shares to its eligible employees under various ESOP schemes.
With this allotment, Paytm’s total paid-up capital has increased to INR [website] Cr from INR [website] Cr previously.
Fintech major Paytm’s board has approved the allotment of [website] Lakh equity shares to its eligible employees under employee stock option plan (ESOP) 2019.
“The business …approved the allotment of 1,36,528 equity shares having face value of INR 1 each, as fully paid-up, to the eligible employees, upon exercise of vested options under employees stock option scheme 2019,” the business noted in a BSE filing on Thursday (February 6).
With this allotment, Paytm’s total paid-up capital has increased to INR [website] Cr from INR [website] Cr previously. The corporation has set an exercise price of INR 9 apiece for the shares.
This follows Paytm last month allotting [website] Lakh equity shares to its eligible employees under various ESOP schemes. In December, the fintech major also allotted [website] Lakh equity shares to eligible employees under its ESOP 2019 and ESOP 2008 schemes.
The firm also set aside 4 Lakh equity shares for its eligible employees under ESOP 2019 in November 2024.
The development comes at a time when Paytm is facing GST troubles. Earlier this week, Paytm was slapped with a GST demand notice of INR [website] Cr for allegedly wrongly availing input tax credit.
On the same day, the corporation expressed that the Delhi GST authorities levied a fine of INR [website] Lakh on the listed corporation’s founder and CEO Vijay Shekhar Sharma. Besides, the authorities also imposed an additional penalty of INR [website] Cr on its parent One97 Communications for flouting tax norms.
Meanwhile, the firm is actively looking to expand its global footprint. Last month, Paytm ‘s board approved the incorporation of three new subsidiaries of Paytm Cloud Technologies in the UAE, Saudi Arabia, and Singapore.
In February, Paytm Cloud Technologies Limited also mentioned that it would acquire a 25% stake in Delaware-based fintech startup Seven Technology LLC for $1 Mn.
On the financial front, Paytm managed to trim its loss by 6% to INR [website] Cr in the third quarter (Q3) of the financial year 2024-25 (FY25) from INR [website] Cr in the same quarter last fiscal on the back of recovery in its digital payments business. Meanwhile, operating revenue declined 36% to INR 1,[website] Cr during the quarter under review from INR 2,[website] Cr in the year-ago period.
Shares of the fintech organization ended Friday’s (February 7) trading session [website] higher at INR [website] on the BSE.
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Market Impact Analysis
Market Growth Trend
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| 12.0% | 14.4% | 15.2% | 16.8% | 17.8% | 18.3% | 18.5% |
Quarterly Growth Rate
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 |
|---|---|---|---|
| 16.8% | 17.5% | 18.2% | 18.5% |
Market Segments and Growth Drivers
| Segment | Market Share | Growth Rate |
|---|---|---|
| Digital Transformation | 31% | 22.5% |
| IoT Solutions | 24% | 19.8% |
| Blockchain | 13% | 24.9% |
| AR/VR Applications | 18% | 29.5% |
| Other Innovations | 14% | 15.7% |
Technology Maturity Curve
Different technologies within the ecosystem are at varying stages of maturity:
Competitive Landscape Analysis
| Company | Market Share |
|---|---|
| Amazon Web Services | 16.3% |
| Microsoft Azure | 14.7% |
| Google Cloud | 9.8% |
| IBM Digital | 8.5% |
| Salesforce | 7.9% |
Future Outlook and Predictions
The Technology Updates and Analysis landscape is evolving rapidly, driven by technological advancements, changing threat vectors, and shifting business requirements. Based on current trends and expert analyses, we can anticipate several significant developments across different time horizons:
Year-by-Year Technology Evolution
Based on current trajectory and expert analyses, we can project the following development timeline:
Technology Maturity Curve
Different technologies within the ecosystem are at varying stages of maturity, influencing adoption timelines and investment priorities:
Innovation Trigger
- Generative AI for specialized domains
- Blockchain for supply chain verification
Peak of Inflated Expectations
- Digital twins for business processes
- Quantum-resistant cryptography
Trough of Disillusionment
- Consumer AR/VR applications
- General-purpose blockchain
Slope of Enlightenment
- AI-driven analytics
- Edge computing
Plateau of Productivity
- Cloud infrastructure
- Mobile applications
Technology Evolution Timeline
- Technology adoption accelerating across industries
- digital transformation initiatives becoming mainstream
- Significant transformation of business processes through advanced technologies
- new digital business models emerging
- Fundamental shifts in how technology integrates with business and society
- emergence of new technology paradigms
Expert Perspectives
Leading experts in the digital innovation sector provide diverse perspectives on how the landscape will evolve over the coming years:
"Technology transformation will continue to accelerate, creating both challenges and opportunities."
— Industry Expert
"Organizations must balance innovation with practical implementation to achieve meaningful results."
— Technology Analyst
"The most successful adopters will focus on business outcomes rather than technology for its own sake."
— Research Director
Areas of Expert Consensus
- Acceleration of Innovation: The pace of technological evolution will continue to increase
- Practical Integration: Focus will shift from proof-of-concept to operational deployment
- Human-Technology Partnership: Most effective implementations will optimize human-machine collaboration
- Regulatory Influence: Regulatory frameworks will increasingly shape technology development
Short-Term Outlook (1-2 Years)
In the immediate future, organizations will focus on implementing and optimizing currently available technologies to address pressing digital innovation challenges:
- Technology adoption accelerating across industries
- digital transformation initiatives becoming mainstream
These developments will be characterized by incremental improvements to existing frameworks rather than revolutionary changes, with emphasis on practical deployment and measurable outcomes.
Mid-Term Outlook (3-5 Years)
As technologies mature and organizations adapt, more substantial transformations will emerge in how security is approached and implemented:
- Significant transformation of business processes through advanced technologies
- new digital business models emerging
This period will see significant changes in security architecture and operational models, with increasing automation and integration between previously siloed security functions. Organizations will shift from reactive to proactive security postures.
Long-Term Outlook (5+ Years)
Looking further ahead, more fundamental shifts will reshape how cybersecurity is conceptualized and implemented across digital ecosystems:
- Fundamental shifts in how technology integrates with business and society
- emergence of new technology paradigms
These long-term developments will likely require significant technical breakthroughs, new regulatory frameworks, and evolution in how organizations approach security as a fundamental business function rather than a technical discipline.
Key Risk Factors and Uncertainties
Several critical factors could significantly impact the trajectory of digital innovation evolution:
Organizations should monitor these factors closely and develop contingency strategies to mitigate potential negative impacts on technology implementation timelines.
Alternative Future Scenarios
The evolution of technology can follow different paths depending on various factors including regulatory developments, investment trends, technological breakthroughs, and market adoption. We analyze three potential scenarios:
Optimistic Scenario
Rapid adoption of advanced technologies with significant business impact
Key Drivers: Supportive regulatory environment, significant research breakthroughs, strong market incentives, and rapid user adoption.
Probability: 25-30%
Base Case Scenario
Measured implementation with incremental improvements
Key Drivers: Balanced regulatory approach, steady technological progress, and selective implementation based on clear ROI.
Probability: 50-60%
Conservative Scenario
Technical and organizational barriers limiting effective adoption
Key Drivers: Restrictive regulations, technical limitations, implementation challenges, and risk-averse organizational cultures.
Probability: 15-20%
Scenario Comparison Matrix
| Factor | Optimistic | Base Case | Conservative |
|---|---|---|---|
| Implementation Timeline | Accelerated | Steady | Delayed |
| Market Adoption | Widespread | Selective | Limited |
| Technology Evolution | Rapid | Progressive | Incremental |
| Regulatory Environment | Supportive | Balanced | Restrictive |
| Business Impact | Transformative | Significant | Modest |
Transformational Impact
Technology becoming increasingly embedded in all aspects of business operations. This evolution will necessitate significant changes in organizational structures, talent development, and strategic planning processes.
The convergence of multiple technological trends—including artificial intelligence, quantum computing, and ubiquitous connectivity—will create both unprecedented security challenges and innovative defensive capabilities.
Implementation Challenges
Technical complexity and organizational readiness remain key challenges. Organizations will need to develop comprehensive change management strategies to successfully navigate these transitions.
Regulatory uncertainty, particularly around emerging technologies like AI in security applications, will require flexible security architectures that can adapt to evolving compliance requirements.
Key Innovations to Watch
Artificial intelligence, distributed systems, and automation technologies leading innovation. Organizations should monitor these developments closely to maintain competitive advantages and effective security postures.
Strategic investments in research partnerships, technology pilots, and talent development will position forward-thinking organizations to leverage these innovations early in their development cycle.
Technical Glossary
Key technical terms and definitions to help understand the technologies discussed in this article.
Understanding the following technical concepts is essential for grasping the full implications of the security threats and defensive measures discussed in this article. These definitions provide context for both technical and non-technical readers.
API beginner
How APIs enable communication between different software systemsfintech intermediate
platform intermediate
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