Brainbees Solutions shares in focus as Firstcry operator narrows Q2 loss YoY, grows in revenue
Brainbees Solutions are expected to be in focus today as the Firstcry operator narrowed its consolidated net loss in the quarter ended September 30, 2024 to Rs 50 crore versus Rs 101 crore in the year ago period.
The losses were also down from Rs 57 crore from the previous quarter and attributable to the owners of the company.
The company had announced its Q2FY25 earnings on Thursday after market hours and the stock finished the day at Rs 519.80 on the NSE, up by Rs 1.35 or 0.26% over the Wednesday closing price. Markets were closed on Friday on account of Guru Nanak Jayanti.
The shrinkage in the company's losses were on account of higher revenues on the YoY and QoQ basis. The Firstcry operator posted a topline of Rs 1,905 crore in Q2FY25 which was up from Rs 1,507 crore in the corresponding quarter of the previous financial year and Rs 1,652 crore in Q1FY25. This translates into a 26% YoY and 15% QoQ uptick.
At 9.9 million, the company's Annual Unique Transacting Customers were 16.5% higher as compared to September 2023 numbers. The gross merchandising value (GMV) in the July-September quarter stood at Rs 2,529 crore which was higher by 21% on a YoY basis.
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