Wakefit's consolidated profit after tax (PAT) skyrocketed to ₹121.8 Cr against a loss of ₹26.2 Cr in the year-ago period
Operating revenue grew by 14% to ₹343.6 Cr from ₹302.6 Cr in the year-ago quarter
Important to highlight that the company's bottom line was aided by an ₹98.1 Cr tax credit it received during the quarter under review
Mattress brand Wakefit
’s consolidated profit after tax (PAT) skyrocketed to ₹121.8 Cr against a loss of ₹26.2 Cr in the year-ago period. PAT surged 282% from ₹31.9 Cr in the previous quarter.
Operating revenue, however, grew by 14% to ₹343.6 Cr from ₹302.6 Cr in the year-ago quarter. The company’s top line plunged 19% from ₹421.3 Cr in the previous quarter.
Including other income of ₹17.3 Cr, total income for the quarter stood at ₹361 Cr. Meanwhile, expenses remained flat at ₹337.5 Cr.
Important to highlight that the company’s bottom line was aided by an ₹98.1 Cr tax credit it received during the quarter under review. Minus the tax credit, Wakefit’s profit for the quarter stood at ₹23.7 Cr.
For the full fiscal year FY26, Wakefit reported a net profit of ₹189.2 Cr against a net loss of ₹35 Cr in the year-ago period. Operating revenue for the fiscal rose 17% YoY to ₹1,488.9 Cr.
(The story will be updated shortly)
Source: Inc42 - Startups
