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Acer Swift Go 14 (2023) review: Solid value-for-money laptop with great display

  Acer Swift Go 14 (2023) review: Solid value-for-money laptop with great display Acer  has always had a seat between costly high-performance laptops and low-price average-performing machines with a limited target audience. The company has fairly excelled in tapping that gap in the market by offering laptops with much practicality in design, performance and, of course, price. The 2023  Acer Swift Go  14 is one such product that checks most boxes but it leaves users mid-air wondering why Acer didn’t go that extra mile to get things as practical and useful as they can be. Acer launched two models: One with AMD processors and the other with Intel processors. We got the model with 13th Gen Intel Core i5-13500H processor, clocked at 2.60GHz, at its heart. The processor is paired with 16GB of LPDDR5 RAM and 512GB PCIe Gen4 NVMe SSD. The laptop gets Intel Iris Xe Graphics and comes in Pure Silver colour option. It runs Windows 11 Home and comes pre-installed with MS Office ...
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FSN E-Commerce Ventures, the e-retail giant behind Nykaa, reported a substantial 71.8% decline in net profit to ₹2.4 crore for the quarter ending March 2023.

   

FSN E-Commerce Ventures, a prominent e-retail giant operating retail stores under the brand name Nykaa, announced a significant decline of 71.8% in net profit to ₹2.4 crore for the quarter ending in March 2023. This contrasts with a net profit of ₹9 crore during the corresponding quarter in the previous fiscal year.

During the quarter under review, Nykaa's revenue from operations experienced a notable increase of 33.7% to ₹1,301.7 crore, compared to ₹973.3 crore in the corresponding period the previous year.

In the quarter ending March 2023, Nykaa's EBITDA surged by 84% to ₹70.6 crore, up from ₹38.4 crore in the corresponding quarter of the previous fiscal year. Notably, the company achieved a margin of 5.4% during this period.

Total expenses for the company rose significantly to ₹1,303 crore in the fourth quarter, as opposed to ₹978.6 crore during the same period in the previous year. It is important to note that Nykaa reported a tax benefit of ₹1.76 crore in the corresponding quarter of the previous year, which was not mentioned for the current reporting period.

Nykaa's Business Planning and Consolidation (BPC) segment demonstrated higher year-on-year growth rates in Q4FY23 compared to Q3FY23, with a growth rate of 26%. Furthermore, the Fashion Biz segment experienced a substantial revenue growth in the late teens, rising by 50% in Q3FY23.

The company's stock, traded on the Bombay Stock Exchange (BSE), closed down by 2.57% at ₹125. The stock has shown a decline of 20% on a year-to-date basis.

 


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