Most listed new-age startups improve Q4 profitability; Swiggy, Ola lag behind

Out of the 17 new-age companies listed on Indian stock exchanges, 11 reported an improvement in profitability for the January-March quarter, either by expanded profits or narrower losses, in a sign of better operational performance. This group includes Nykaa, Delhivery, BlackBuck, Paytm, Policybazaar, Go Digit, Ather Energy and Ixigo.

However, six others saw a deterioration in their bottom lines. These include food and grocery delivery firms Swiggy and Eternal, which ramped up cash burn amid intensifying competition in the fast-growing quick commerce…