Mohalla Tech reports 40% revenue growth for the 2026 fiscal year

Mohalla Tech, the parent company of social media platforms ShareChat, Moj, and QuickTV, has reported significant revenue growth in the 2026 fiscal year. Revenue reached 1016 crore rupees, representing a 40% increase compared to 723 crore rupees recorded in the 2025 fiscal year.

The company's growth is driven by diversification into the micro-drama segment. These dramas are monetized through both advertising and subscriptions. This has created a third major source of income, supplementing existing streams of advertising and live streaming.

During the first full year, subscription revenue amounted to 293 crore rupees thanks to the QuickTV and Moj+ applications. Mohalla Tech also stated that its Annual Recurring Revenue (ARR) reached 1500 crore rupees in the first half of the 2027 fiscal year. The company forecasts that in the 2027 fiscal year, it will record net profit at EBITDA levels for the first time, amounting to nearly 25 crore rupees.

In the 2026 fiscal year, EBITDA losses decreased by 58%, totaling 91 crore rupees, compared to 219 crore rupees in the 2025 fiscal year. Furthermore, by the end of the first half of the 2027 fiscal year, the company noted four consecutive quarters of positive cash flow and two quarters of positive EBITDA.

Ankush Sachdeva, co-founder and CEO of Mohalla Tech, noted that after several years of strategic discipline, the company has entered a path to profitability. He added that the goal of establishing a sustainable core business was achieved a year ago, and the company is now generating cash and funding the next stage of growth solely from its own earnings.

Although the growth in the 2026 fiscal year was supported by subscription revenue, the advertising business is also regaining momentum. Ad revenue increased by 40% year-over-year in the second quarter of the 2027 fiscal year and is expected to grow even faster during the festive season.

According to company data, daily consumption of micro-dramas has grown 6.5 times over 12 months, exceeding one billion units daily. Manohar Charan, co-founder and CFO of Mohalla Tech, emphasized that the advertising business has received a significant boost in the last two quarters, with further growth anticipated in the upcoming festive months. He also noted continuous improvement in profit margins while maintaining a strong revenue growth trajectory.

The company also reported that free, ad-supported micro-dramas have expanded their advertiser base on both the ShareChat and Moj platforms.

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business-standard.comOctober 30, 18:33

Lodha Developers reports 28% rise in net profit in Q2 and forecasts exceeding annual profit

Lodha Developers Ltd, a Mumbai-based company, announced a significant year-on-year increase of 28.3% in its consolidated net profit, reaching INR 1013 crore. This strong first half allows the company to expect to exceed planned profit targets for the entire financial year, as stated in the report filed with the stock exchange on Friday.

The company's operating revenue also increased by 17.6% in the second quarter of the 2027 financial year, amounting to INR 4468 crore compared to INR 3798 crore in the same quarter last year.

For the first half of the financial year, Profit After Tax (PAT) grew by 63% year-on-year, reaching INR 2386 crore, which is higher than the previous year's figure.

Management Comments

Commenting on the results, Abhishek Lodha, Managing Director of Lodha, noted that this growth demonstrates the resilience and high profitability of the business. Based on the strong first-half performance, he expressed confidence that the company will easily surpass its annual profit forecast.

He also reported that preliminary sales reached INR 5037 crore, accounting for over 40% of the company's initial annual plan for the first half. Furthermore, he mentioned the successful launch of a project in North Bengaluru during this quarter.

Lodha emphasized that this market reaction confirms the high demand for the quality Lodha brand and helps dispel concerns regarding the impact of AI-induced disruptions on segments other than affordable housing.

The company plans to launch a project in the National Capital Region (NCR) during the festive season and has plans for further launches in new locations. Lodha also believes that the rental business can grow exponentially due to the construction of data centers and AI infrastructure. He forecasts a tenfold increase in annuity income, from the current INR 300 crore to INR 3000 crore by the 2032 financial year.

In response to concerns about rising interest rates, Lodha stated that they are unlikely to have a direct impact on housing demand in the segments served by the company, although the company continues to closely monitor secondary risks. Abhishek Lodha added that the company remains concerned about the ongoing conflict in the Middle East and is carefully tracking its geopolitical and macroeconomic consequences.

As of September 30, 2026, the company's net debt stood at INR 5279 crore, and the net debt to equity ratio remained stable at 0.2x, significantly below the set limit of 0.5x.

yourstory.comOctober 30, 18:04

PB Fintech's net profit grew by 43% in the second quarter of fiscal year 27

PB Fintech, the parent company of the digital insurance platform Policybazaar and the credit aggregator Paisabazaar, reported a 42.5% increase in net profit in the second quarter of fiscal year 27. During the same period, the company's revenue increased by 35%.

In the second quarter of fiscal year 27, PB Fintech recorded a net profit of 192.4 crore rupees, compared to 135 crore rupees in the same period last fiscal year. Revenue for the second quarter amounted to 2177.7 crore rupees.

According to the company's data, the total volume of insurance premiums collected in the second quarter reached 9385 crore rupees, demonstrating a year-on-year (YoY) growth of 38%. The core online insurance business grew by 42% year-on-year, and new medical insurance premiums increased by 46% year-on-year. PB Fintech's total loan disbursement in the second quarter was 4739 crore rupees.

The company has about 5.5 lakh insurance consultants, whose numbers increased by 1.3 lakh during the quarter. These distributors helped expand access to insurance in small towns and villages, accounting for 76 percent of the total gross premium volume for the quarter.

These results were achieved against the backdrop of the Insurance Regulatory and Development Authority of India's (IRDAI) proposal to reduce commissions received by insurance agents, which could potentially affect PB Fintech's overall growth trajectory.

Utilizing artificial intelligence (AI) in its operations, the company stated that it processes 10 crore customer interactions daily. Approximately 21 lakh calls are processed daily entirely through AI, with call duration exceeding 60 seconds across 7 Indian languages. Thanks to AI, the company conducts 17 lakh minutes of conversations daily with eight times deeper analysis. Furthermore, the company processes seven lakh documents per day, leading to a saving of 1000 hours daily.

The changes driven by AI have led to an increase in the productivity of insurance consultants by more than 15% through AI-driven intent calls and a 20% improvement in conversion.

business-standard.comOctober 29, 19:08

Brigade Group's profit rose by 29% in the second quarter to 219 crore rupees, while revenue decreased by 12.6%

Brigade Enterprises Ltd, based in Bangalore, reported a rise in net profit of 28.8% to 219 crore rupees in the second quarter of fiscal year 27 (Q2FY27) compared to the same period last year. This growth is attributed to stable demand that aligns with the launch of new projects.

However, the company's revenue, which focuses on South India, declined by 12.6% year-on-year (Y-o-Y), reaching 1,250 crore rupees compared to 1,430 crore rupees in the corresponding quarter of the previous year. This was reported in the stock exchange filing published on Thursday with results for the September quarter.

Earnings Before Interest, Taxes, Depreciation, and Amortization (Ebitda) increased by 27.5% in Q2FY27, reaching 478 crore rupees, compared to 375 crore rupees in the corresponding quarter of the previous fiscal year.

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Pavitra Shankar, Managing Director of Brigade Enterprises Ltd, noted that residential segments continue to drive growth, supported by sustained demand and a strong project portfolio. She emphasized that customers are increasingly prioritizing quality, location, larger homes, and improved amenities, and the company continues to observe steady demand in both mid-range and premium segments. Furthermore, the festive season boosted customer engagement in the residential and retail businesses.

The group stated that project launch rates are gaining momentum, with property sales for the quarter reaching 1,827 crore rupees across a volume of 1.3 million square feet (msf). Shankar added that the company is prepared to sustain this momentum and ensure stable long-term growth. Brigade Enterprises shares fell by 1.39% and closed at 531 rupees on the BSE on Thursday.

During the quarter, the company launched projects totaling 2.4 msf with a Gross Development Value (GDV) of approximately 3,000 crore rupees. Brigade's portfolio generated revenue of 760 crore rupees, with an Ebitda of 175 crore rupees, which is 59% higher than in Q2FY26, at a margin of 23%.

Revenue from the rental business amounted to 329 crore rupees, with an Ebitda of 242 crore rupees, which is 9% higher than in Q2FY26, with a margin of 74%. As of September 2026, occupancy reached 90%. In the hospitality segment, which includes hotels the company builds for brand management, revenue in Q2FY27 was 161 crore rupees, and Ebitda was 59 crore rupees, which is 41% higher than in Q2FY26, with a margin of 37%.