Latest news about Glance Finance
Glance Finance
164.00
0.00(0.00%)
Company Performance:
View Company Insights1D0.00%
1M-6.29%
6M-18.00%
1Y-0.61%
5Y+171.07%
More news about Glance Finance
06Nov 25
Glance Finance Reports Mixed Q2 Results: Net Profit Dips, Total Income Surges
Glance Finance Limited, an NBFC, released Q2 FY2026 results showing a 29.71% YoY decrease in total income to ₹948.34 lakh. Net profit after tax fell 92.93% YoY to ₹6.93 lakh. Revenue increased QoQ but declined YoY. Expenses rose, particularly in traded goods purchases. Balance sheet strengthened with total assets at ₹6,117.72 lakh. Cash position improved to ₹169.04 lakh. Auditors issued a qualified review report regarding gratuity and leave encashment provisions.
22Sept 25
Glance Finance to Boost Stake in Kotson's Private Limited with ₹43.5 Crore Investment
Glance Finance Limited plans to increase its stake in Kotson's Private Limited (KPL), a transformer manufacturer, from 1.07% to 5.14% through a ₹43.51 crore investment. The company will acquire 5,80,086 equity shares at ₹75 per share. KPL specializes in transformer solutions with a 4,000 MVA production capacity. The transaction is expected to be completed by September 30, 2025. This move aligns with Glance Finance's strategy of generating long-term value through strategic investments.
15Sept 25
Glance Achieves $1.8B Valuation, Becomes India's Fastest Unicorn
Glance Finance, a consumer tech platform founded in 2019, has reached unicorn status with a $1.8 billion valuation within one year. The company has raised $390 million across four funding rounds from investors including Google, Mithril Capital, and Jio Platforms. Glance's AI-driven content delivery to smartphone lock screens has garnered over 235 million active users. The company's revenue increased from $38.70 million in FY 2022-23 to $73.10 million in FY 2023-24, though it reported a net loss of ₹929.00 crore. Glance is expanding internationally, particularly in Japan, and has appointed Mansi Jain as COO. The company recently secured ₹200.00 crore in debt financing from Stride Ventures to support its growth plans.
05Sept 25
Glance Finance Reports ₹40.75 Lakh Net Profit for Q3 FY2025, Down from Previous Quarter
Glance Finance Limited, an NBFC, reported Q3 FY2025 results with net profit of ₹40.75 lakhs and total income of ₹593.11 lakhs, down from Q2. Nine-month net profit improved to ₹230.28 lakhs from ₹137.43 lakhs year-over-year. Auditors noted non-compliance with accounting standards for gratuity and leave encashment provisions.
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