Three new-age platform companies — One 97 Communications, PB Fintech, and Meesho — will be in focus on Thursday, May 7, after reporting their March quarter earnings. According to reports from CNBC TV18, these companies represent key sectors of India's digital economy and their quarterly performance will likely influence market sentiment across platform-based businesses. The earnings come amid positive global market cues, with US markets rallying on reports of a potential US-Iran peace agreement that has lasted nearly 70 days.
Shares of One97 Communications Ltd. are likely to react after the company reported a sharp improvement in profitability during the March quarter, although sequential momentum moderated. As reported by CNBC TV18, EBITDA margin improved to 5.8%, compared to a negative 4.7% in the year-ago quarter, though it was lower than 7.1% reported in the previous quarter. Profit before tax, excluding exceptional items, stood at ₹173 crore, compared to a loss of ₹20 crore a year ago, but declined 24.8% sequentially from ₹230 crore. The company reported a net profit of ₹183 crore for the quarter, against a loss of ₹545 crore in Q4FY25, with sequential PAT declining 18.7% from ₹225 crore. The quarter also included an exceptional gain of ₹21 crore, compared to an exceptional loss of ₹522 crore in the corresponding quarter last year.
PB Fintech reported a strong March quarter performance, driven by continued momentum in health and life insurance demand. According to CNBC TV18, net profit rose 54% YoY to ₹261 crore in Q4FY26, compared to ₹170 crore in the same quarter last year. For the full year FY26, profit after tax surged 115% to ₹670 crore. Revenue from operations increased 37% YoY to ₹2,061 crore during the quarter, while FY26 revenue also grew 37% to ₹6,794 crore. The company's total insurance premium stood at ₹9,217 crore in Q4, with new core online insurance premiums growing 44% YoY. New protection premiums, including health and term insurance, rose 67%. For the full year FY26, total insurance premium increased 42% to ₹29,934 crore, led by 57% growth in protection premiums, with strong growth led by the core online insurance business, especially the health insurance segment.
Meesho reported a sharp reduction in quarterly losses along with strong growth in orders and revenue during Q4FY26. As reported by CNBC TV18, the ecommerce platform's net loss narrowed 88% YoY to ₹166.3 crore from ₹1,391.4 crore a year ago, with sequential losses also improving from ₹490.7 crore in the previous quarter. Revenue from operations rose 47% YoY to ₹3,531.2 crore, compared to ₹2,400 crore in Q4FY25, with revenue being largely flat sequentially against ₹3,517.6 crore in the December quarter. Gross merchandise value (NMV) increased around 43% YoY to ₹11,371 crore, while order volumes also grew 43% to 717 million. Meesho Mall continued to see strong traction, with growth of 82% YoY during the quarter. Adjusted EBITDA margin improved by 245 basis points sequentially to negative 1.7%. However, trailing 12-month free cash flow stood at negative ₹633 crore compared to positive ₹591 crore a year ago, impacted by investments and temporary logistics cost pressures during Q2 and Q3 FY26.
Looking ahead, Meesho acknowledged that the macro environment entering FY27 remains uncertain, with pressure on input costs and consumer sentiment still persisting. According to CNBC TV18, despite this challenging environment, Meesho plans to continue investing aggressively in new user acquisition and also plans to invest ₹100 crore into its payments business. The company's trailing 12-month free cash flow stood at negative ₹633 crore compared to positive ₹591 crore a year ago, impacted by investments and temporary logistics cost pressures during Q2 and Q3 FY26.
