Xpressbees’ Loss Widens 11% To INR 200 Cr In FY24

Logistics unicorn Xpressbees saw an uptick in its consolidated net loss in the fiscal year ended March 31, 2024 (FY24), despite a healthy growth in its top line. The startup, which began operations as the logistics arm of listed new-age tech company FirstCry, reported a 10.8% increase in its loss to INR 199.

9 Cr in FY24 from INR 180.4 Cr in the previous fiscal year. Operating revenue grew 11.



8% to INR 2,831.3 Cr during the year under review from INR 2,531.5 Cr in FY23.

Including other income of INR 109.1 Cr, its total revenue rose 12.9% to.

.. Source link Logistics unicorn Xpressbees saw an uptick in its consolidated net loss in the fiscal year ended March 31, 2024 (FY24), despite a healthy growth in its top line.

The startup, which began operations as the logistics arm of listed new-age tech company FirstCry, reported a 10.8% increase in its loss to INR 199.9 Cr in FY24 from INR 180.

4 Cr in the previous fiscal year. Operating revenue grew 11.8% to INR 2,831.

3 Cr during the year under review from INR 2,531.5 Cr in FY23. Including other income of INR 109.

1 Cr, its total revenue rose 12.9% to..

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