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Saksham Sharma - SEBI RIA

24th Jul · SEBI-Registered Analyst

$MEESHO Is Still Losing Money. Investors Are Actually Happy About It.

$MEESHO reported a net loss of ₹132.8 crore for the June 2026 quarter, down sharply from ₹289.35 crore a year ago. Revenue grew 48% to ₹3,712.81 crore. That's genuinely a good result, even while still losing money. For young, fast-growing companies, the metric that matters early on isn't "are they profitable yet." It's "is the loss shrinking while revenue grows." A company burning cash to scale is betting that scale eventually brings profitability. The real question is whether that bet is working. The specific driver here matters too. The narrower loss came from better delivery conversion, fewer cancellations and returns, meaning the company got more efficient at completing sales it already initiates, not just cost-cutting. Revenue growth alone doesn't prove a business model works. Loss reduction alone doesn't either. It's both moving in the right direction together that suggests the unit economics are genuinely improving. The takeaway. Not every company should be judged by "did they profit this quarter." For young, scaling businesses, the trajectory often tells you more than either number alone.

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