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Ather Energy, Paytm, Eternal, Meesho & more: How new-age tech firms performed in FY26
5 min read | Updated on May 30, 2026, 10:58 IST
SUMMARY
Eternal, PB Fintech, Nykaa and other new-age tech companies have reported mixed trends in FY26. Paytm reported its first-ever full-year profitability, while Honasa Consumer announced its maiden dividend of ₹3 per share. Meanwhile, electric two-wheeler maker Ather Energy narrowed down its FY26 losses.
Honasa Consumer became the first new-age tech firm to announce dividend.
Eternal, Paytm, Honasa Consumer and other new-age tech companies have reported mixed earnings in FY26. Some of these companies like Eternal, Swiggy, Ather Energy posted remarkable growth in revenue, while some companies like Paytm reported first-ever full-year profitability in FY26.
Meanwhile, investors turned their attention to companies that reported profitability, gained market share or showed considerable progress in business growth and stayed away from cash-burning business models.
| Company | FY26 revenue (in crore) | FY26 net profit | 1-year return (%)* |
|---|---|---|---|
| Eternal | ₹54,364 (▲168% YoY) | ₹366 crore (▼30% YoY) | ▲10.3% |
| CarTrade Tech | ₹779 (▲21% YoY) | ₹244 crore (▲68% YoY) | ▲13.4% |
| PB Fintech | ₹6,794 (▲36% YoY) | ₹670 crore (▲89% YoY) | ▼3.6% |
| Nykaa | ₹10,022 (▲26% YoY) | ₹204 crore (▲183% YoY) | ▲28.1% |
| Honasa Consumer | ₹2,392 (▲15% YoY) | ₹200 crore (▲173% YoY) | ▲26.9% |
| Paytm | ₹8,437 (▲22% YoY) | Net profit of ₹552 crore | ▲29.5% |
| Swiggy | ₹23,053 (▲51% YoY) | Net loss of ₹4,154 crore | ▼21.7% |
| Meesho | ₹12,626 (▲34% YoY) | Net loss of ₹1,358 crore | ▲1.7% |
| Delhivery | ₹10,508 (▲17% YoY) | ₹153 crore (▼5.5% YoY) | ▲26.2% |
| Ather Energy | ₹3,672 (▲62% YoY) | Net loss of ₹517 crore | ▲216.4% |
| Ola Electric | ₹2,253 (▼50% YoY) | Net loss of ₹1,833 crore | ▼22.5% |
| One Mobikwik | ₹1,119 (▼4.3% YoY) | Net loss of ₹62 crore | ▼27.7% |
| Urban Company | ₹1,556 (▲36% YoY) | Net loss of ₹235 crore | ▼7.1%* |
Eternal FY26 revenue rise but profit falls
Eternal reported a mixed set of earnings in FY26 with explosive revenue growth of 168% YoY to ₹54,364 crore aided by strong growth in Blinkit business. However, net profit declined 30% YoY to ₹366 crore due to rising operating costs and investments in scaling quick commerce business. Despite lower profitability, Eternal shares have gained over 10% in the last one year.
Swiggy continues to report losses
Another food delivery platform, Swiggy continues to scale its business and delivered robust FY26 revenue growth of 51% YoY to ₹23,053 crore. However, the company reported a net loss of ₹4,154 crore in FY26 due to aggressive investments in dark stores and quick commerce business. The stock has declined over 21% as investors remained concerned over prolonged cash burn and profitability challenges.
Paytm turn profitable in FY26
One97 Communications, the parent company of Paytm reported first-ever full-year profitability in FY26. The fintech company showed major improvement with revenue growing 22% YoY to ₹8,437 crore and net profit reaching ₹552 crore, marking a turnaround in profitability. Growth in merchant payments, financial services distribution and cut down in operational expenses supported the company’s business. Paytm shares have gained over 27.7% in the last one year.
Meesho narrows its losses
Meesho reported consolidated revenue of ₹12,626 crore in FY26, a rise of 34.5% YoY from ₹9,390 crore in FY25. The net loss significantly narrowed by 65% YoY to ₹1,358 crore, down from ₹3,942 crore in the previous fiscal year, driven by steady growth in user base and improved operating efficiencies.
Honasa Consumer FY26 net profit jumps 173% YoY
Honasa Consumer, the parent company behind popular beauty brand Mamaearth, Dr Sheth’s also reported robust FY26 earnings. The company’s FY26 net profit jumped by 173% YoY to ₹200 crore, while revenue saw healthy growth of 15% YoY. Honasa Consumer became the first new-age company to announce a dividend for its shareholders. The company declared its maiden dividend of ₹3 per share along with its March quarter results. Honasa Consumer shares have gained over 26% in the last one year.
Ather Energy narrows its FY26 net losses
Electric two-wheeler maker Ather Energy shares continues to see dream run. Since its listing in May 2025 the stock has gained over 210% supported by explosive revenue growth, significant market share gains and narrow down in yearly losses. In FY26, the company reported net loss of ₹517 crore, which was lower compared to ₹812 crore loss in FY25. Its revenue rose 62% YoY to ₹3,672 crore in FY26.
Ola electric FY26 revenue fall 50% YoY
Ola Electric Mobility faced a difficult FY26 as revenue declined 50% YoY to ₹2,253 crore and net loss stood at ₹1,833 crore amid weak demand and rising competition in electric 2W segment. Ola Electric shares fell 21.6% amid concerns over profitability and operational stability.
CarTrade Tech reports steady FY26 earnings
Multi-channel auto platform CarTrade Tech delivered one of the strongest earnings performances among new-age companies in FY26. The company’s revenue rose 21% YoY to ₹779 crore, while net profit jumped 68% YoY to ₹244 crore supported by operational efficiency and strong growth in vehicle auction and classifieds businesses.
PB Fintech reports double-digit FY26 earnings growth
PB Fintech posted strong double digit growth in FY26 earnings with revenue rising 36% YoY to ₹6,794 crore, while net profit rose 89% YoY to ₹670 crore. Higher FY26 earnings was driven by higher insurance penetration, digital policy sales, and expansion in lending distribution.
Urban company FY26 revenue rises as demand surge
Urban Company delivered healthy revenue growth of 36% YoY to ₹1,556 crore in FY26, reflecting rising demand for digital home services. However, the company reported a net loss of ₹235 crore due to expansion costs, marketing spends, and investments in new service categories.
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