In a move set to revolutionize the travel booking experience for India's tech-savvy younger generation, Super Sales , a UPI-first payments platform backed by the Flipkart Group, has introduced a new flight booking service called FLIGHTS. This innovative feature, launched in partnership with Cleartrip, allows users to book domestic air tickets using UPI payments, catering to the preferences of Gen Z consumers who favor UPI and debit cards over credit-based transactions.

Enhanced Benefits for UPI Users

The new FLIGHTS service doesn't just offer convenience; it also brings additional value to users. Customers booking through super.money's platform will enjoy an extra 5% benefit on top of existing offers, making it an attractive option for budget-conscious travelers.

Targeting the Gen Z Market

This strategic move aligns with the changing preferences of younger customers, particularly Gen Z. According to data from Cleartrip, this demographic makes 10% more UPI transactions compared to other age groups, highlighting the growing importance of UPI-based services in the travel sector.

Riding the UPI Wave

The launch of this service comes at a time when India's UPI ecosystem is dominating the digital payments landscape. As per the International Monetary Fund (IMF), UPI accounts for approximately 85% of the country's digital transactions, underscoring the potential impact of super.money's new offering.

Part of a Broader Strategy

The introduction of FLIGHTS is not an isolated initiative but part of the Flipkart Group's wider strategy to expand its footprint in the digital payments arena. Looking ahead, super.money has plans to extend its rewards program into other spending categories beyond travel, indicating a comprehensive approach to capturing market share in the burgeoning digital payments sector.

This partnership between super.money and Cleartrip, combining the strengths of a UPI-first platform with an established travel booking service, represents a significant step in making travel bookings more accessible and rewarding for India's digital-native consumers. As the digital payments landscape continues to evolve, such innovations are likely to play a crucial role in shaping consumer behavior and preferences in the travel industry.

Super Sales India Limited has reported a robust financial performance for the first quarter, with a significant increase in profit and steady revenue growth across its business segments.

Key Financial Highlights

• Net Profit: Rs 176.40 lakhs, up 73% year-over-year (YoY)
• Total Income: Rs 10,089.85 lakhs, a 2% increase YoY
• Revenue from Operations: Rs 9,883.19 lakhs, up 1.5% YoY
• Earnings Per Share (EPS): Rs 5.74, compared to Rs 3.31 in the same quarter last year

Segment-wise Performance

Super Sales India Limited operates through three main divisions:

1. Textile Division: Generated revenue of Rs 7,942.33 lakhs
2. Engineering Division: Reported revenue of Rs 1,732.88 lakhs
3. Agency Division: Contributed Rs 414.63 lakhs to the total revenue

Financial Analysis

The company's performance shows a marked improvement in profitability despite modest revenue growth. The 73% increase in net profit from Rs 101.66 lakhs to Rs 176.40 lakhs is particularly noteworthy. This surge in profit can be attributed to improved operational efficiency and better cost management.

Total income for the quarter stood at Rs 10,089.85 lakhs, up from Rs 9,891.55 lakhs in the same quarter last year, representing a 2% growth. The revenue from operations also saw an uptick, rising to Rs 9,883.19 lakhs from Rs 9,737.43 lakhs year-over-year.

Segment Performance

The Textile Division remains the largest contributor to the company's revenue, accounting for approximately 80% of the total operational income. The Engineering Division has shown growth, while the Agency Division experienced a slight decline compared to the previous year.

Balance Sheet and Other Financials

The company's balance sheet remains strong, with a healthy capital employed figure, indicating a robust financial position.

Management Commentary

The Board of Directors approved these results at their meeting held on July 21. The company's management expressed satisfaction with the quarterly performance, particularly highlighting the significant improvement in profitability.

Conclusion

Super Sales India Limited has started the fiscal year on a strong note, with substantial profit growth and stable revenue performance across its business segments. The company's focus on operational efficiency appears to be yielding positive results, as evidenced by the sharp increase in net profit despite modest revenue growth. Investors and market analysts will likely be watching closely to see if this trend continues in the coming quarters.

Note: All figures are based on the unaudited financial results for the quarter ended June 30, as reported by the company.