Due to increased market rivalry, small firms are being acquired by larger market players, as well as first-mover advantages, due to a lack of funds, infrastructure, and many other factors. However, over the years, certain market players have devised and implemented tactics to overcome intense competition and become successful.
Here are the 3 companies which have Considerably reduced their losses in FY23 compared to FY22.
Inox Wind Limited
Inox Wind Ltd is one of India’s leading wind power solutions providers, engaged in the manufacturing of wind turbine generators and accessories like Blades & Towers. The company caters to Corporates and Retail clients.
The shares of Inox Wind Ltd were trading at the price of ₹ 138.10 on Monday’s session. The stock has experienced positive movement in the last year with a return of 49.38 percent. With a market capitalization of Rs 4,501 crores.
The net losses of the company decreased by 58% from a loss of Rs 255 crore in Q4FY22 to a loss of Rs 119 crore in Q4FY23. Furthermore, income from operations climbed by 28% from Rs 137 crore to Rs 192 crore in the previous quarter of the year.
Inox Wind employed certain revenue-growth methods, including inorganic development, and purchased a 51% stake in Ifox Windtechnik India Limited. This has added approximately 230 MW of O&M business to the portfolio, bringing it to more than 3.1 GW. Finance costs are reduced by Rs. 25 crores for the quarter (Q4FY23 Rs.69 Croress vs. Q3FY23 Rs.94 Crores).
Jet Airways Limited
Jet Airways (India) Limited operates an airline for both domestic and international passenger and freight flights. The company also operates in the Air Transportation, Leasing of Aircraft sector.
The shares of Jet Airways Ltd were trading at the price of ₹ 51.15 on Monday’s session. The stock has experienced positive movement in the last three years with a return of 84.92 percent. With a market capitalization of Rs 581 crores.
The company’s net losses decreased by 76% from a loss of Rs 233 crore in Q4FY22 to a loss of Rs 54 crore in Q4FY23. Furthermore, income from operations increased from Rs 11 crore to Rs 12 crore in the previous year’s quarter.
The nation’s second-largest airline implemented a series of measures to improve profitability, including adding more business class seats, selling planes, executing sale and lease-back of planes, and reducing capacity. and the company increased the cost per seat of the carrier by 6% in FY 22-23.
The airline has reintroduced some of the discontinued international routes in FY22 and reduced flight seats by 10.9%.
One 97 Communications Paytm Ltd
Incorporated in 2000, One 97 Communications Ltd is India’s leading digital ecosystem for consumers and merchants. Which offers payment services, financial services, and commerce and cloud service.
The shares of One 97 Communications Paytm Ltd were trading at the price of ₹ 714.45 on Monday’s session. The stock has experienced positive movement in the year to date with a return of 34.55 percent. With a market capitalization of Rs 45,298 crores.
The company’s net losses decreased by 70% from a loss of Rs 689 crore in Q4FY22 to a loss of Rs 203 crore in Q4FY23. Furthermore, income from operations increased from Rs 1,073 crore to Rs 1,804 crore in the previous year’s quarter.
Fintech major Paytm which processes 14.66% of UPI transactions,Its income climbed significantly due to a surge in merchant subscription sales, and the number of loan disbursements increased by 137% year on year to 10.5 million.
Paytm has signed deals with its lending partners for Paytm Postpaid in Q3 FY23. It now incurs interchange fees, which are included in Payment Processing Charges (Rs 78 crore in the December quarter).
Written by Omkar C
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