The Q3FY26 earnings are at the tail end of the season, with a few companies yet to report their quarterly earnings. The broader corporate earnings have remained steady and posted sustained higher double-digit growth.
Apart from the major legacy players and large-cap companies like TCS, Reliance, HDFC Bank, ICICI Bank, Tata Motors, Infosys and others, investors are focusing on the performance of new-age companies like Eternal, Swiggy, Paytm, PB Fintech, and Lenskart. With legacy businesses entering at a mature stage, while new-age businesses provide a new set of opportunities for investors at an early stage. At the broad level, almost all the new-age companies reported sustained growth in profitability, except for Swiggy. Here is how the new age companies performed in Q3FY26.
Eternal
Owner of the country’s largest food delivery platform, Zomato, and quick commerce platform Blinkit, the Eternal reported 190% YoY jump in revenue at ₹16,692 crore, while the like-for-like (excluding the inventory impact) revenue growth stood at 64% YoY… The sharp rise in revenue reflects the impact of shifting its quick commerce business to an inventory-based model. The company’s total net order value for the quarter jumped 55% YoY to ₹25,732 crore. The food delivery NOV jumped 16% YoY, quick commerce at staggering 121%, and the going out at 20%.
The consolidated EBITDA for the quarter jumped 28% YoY to ₹364 crore and 63% QoQ of ₹224 crore. The total profit after tax jumped 73% YoY to ₹102 crore. The quick commerce and the Hyperpure business turned EBITDA positive in the quarter, further boosting the prospects of the fastest-growing segment, and the company remains committed to making the quick commerce segment bigger than the food delivery segment.
Swiggy
Swiggy bucked the trend of growth during the quarter by reporting a net loss of ₹721 crore, higher than the ₹221 crore loss in the previous year’s same quarter. The gross order value or GOV for the quarter jumped 49% YoY to ₹18,122 crore, and the total revenue forthe Swiggy platform jumped 50% YoY to ₹6,431 crore. The company’s quick commerce segment witnessed strong traction with GOV rising 103% YoY to ₹7,938 crore. However, the operating losses increased from ₹59 crore to ₹908 crore.
Paytm
One97 Communications Ltd or Paytm posted a strong turnaround in profitability as compared to the previous year’s same quarter. The topline growth stood at 20% YoY to ₹2,194 crore as compared to ₹1,828 crore, and the operating level performance also improved froman EBITDA loss of ₹223 crore to ₹ EBITDA profit of ₹156 crore. The company turned EBITDA positive in Q1FY26 and has since then maintained its performance with strong growth. The Q3FY26 net profit jumped to ₹225 crore as against a loss of ₹208 crore in the year-ago-period.
Lenskart
The recently listed and most talked-about IPO over its valuation, Lenskart, posted a strong turnaround in its Q3FY26 financials. The company posted a 70x jump in the net profit at ₹131 crore. This was primarily due to 38% YoY jump in the revenue at ₹2,307 crore as against ₹1,668 crore in the same period last year. The overall volume expansion and customer acquisition grew by 40% YoY in the domestic segment and 32.7% in the International segment. At the operational level too, the company’s EBITDA for the quarter jumped 90.% YoY to ₹462 crore.
One MobiKwik Systems
The fintech firm also posted a strong turnaround in financials by reporting a net profit of ₹4 crore in the Q2FY26 as compared to a net loss of ₹55 crore in the same period last year. The company outperformed the industry growth rate of 29% in UPI transactions by posting 220% growth rate in the same period. The strong turnaround was also led by record high GMV (Gross merchandise value of payment) at ₹481 crore in the quarter as compared to ₹29 crore in the same quarter last year. At the operating level, unit economics of the payment business also improved with a net payment margin of 17% vs 13% in Q3FY25. Similarly, the financial services segmental margin also improved from 1% to 4% in Q3FY26.