Shiprocket, Amagi and Tonbo post big Q2 profit swings
Three companies that grew up as startups reported their second-quarter FY27 results this week, and all three showed a big improvement in profit.
Shiprocket reported a net profit of Rs 0.6 crore for the quarter, against a loss of Rs 20.30 crore in the same quarter last year. Its revenue from operations rose 34.8% to Rs 674 crore. The core shipping business brought in Rs 461.5 crore, while newer areas such as cross-border shipping and fulfilment grew 60.6% to Rs 212 crore.
Amagi, a media technology company, reported a net profit of Rs 75 crore, up from Rs 2.53 crore a year earlier. Revenue rose 27% to Rs 476 crore.
Tonbo Imaging, a defence technology company, reported a net profit of Rs 23.5 crore in its first results since listing. Revenue was Rs 183.3 crore, compared with Rs 8.9 crore a year earlier. Its shares hit the upper circuit at Rs 1,530.3 after the results.
Why this matters: Listed investors look closely at profits, not only growth. Shiprocket's profit is small, so it shows the company has just reached break-even rather than earning large profits. Companies planning IPOs are under the same pressure to show a path to profit.
Figures are as reported by StartupTalky from the companies' filings. Check the companies' own results for the full numbers. This is not investment advice.