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OYO Group-owned co-working firm Innov8 has posted 58 per cent increase in its revenue for June quarter FY26 at Rs 38 crore on better demand for managed office spaces. Its revenue stood at Rs 24 crore in the year-ago period. In a statement on Tuesday, the company said its profitability also strengthened, with Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) surging to Rs 8 crore from Rs 3 crore year-on-year. During 2024-25 fiscal, Innov8 revenue surged to Rs 123 crore from Rs 75 crore in the preceding year. EBITDA also improved to Rs 70 crore from Rs 47 crore. The profit stood at Rs 7 crore in the last fiscal. Innov8 attributed the growth in revenue to an improvement in average monthly membership revenue (AMMR) per seat, which increased by 21 per cent year-on-year to Rs 10,000. "This sustained momentum in Innov8's revenue growth and profitability is driven by asset-light model that leverages landlord-led capex for capital-efficient expansion, and its ability
Borosil Renewables on Wednesday reported its consolidated loss widening to Rs 203.48 crore for the June quarter, impacted by lower income. It had reported a loss of Rs 14.23 crore in the April-June period of preceding 2024-25 financial year, the company said in an exchange filing. The company's total income declined to Rs 352.86 crore in the first quarter from Rs 374.32 crore a year ago. Part of the Borosil Group, Borosil Renewables is a leading solar glass manufacturer.