spot_img
spot_img
25 C
Hubli
Saturday, December 10, 2022
HomeNews in briefFlipkart India's FY22 Net Loss Increases To Rs 3,413 Crore Despite Rise...

Flipkart India’s FY22 Net Loss Increases To Rs 3,413 Crore Despite Rise In Revenue

<!–

–>

Flipkart India’s total expenses for the fiscal were reported at Rs 54,580 crore, Tofler said.

New Delhi:

E-commerce major Flipkart India’s consolidated net loss widened to Rs 3,413 crore in the financial year 2021-22 despite increase in revenues, according to financial data accessed by business intelligence platform Tofler.

The Walmart group-owned firm had reported a net loss of Rs 2,445.6 crore in the previous financial year 2020-21.

On a standalone basis, Flipkart’s net loss widened to Rs 3,404.3 crore during 2021-22 from Rs 2,444.8 crore in 2020-21.

Net total income both on standalone and consolidated basis increased by about 18 per cent to Rs 51,175.7 crore from Rs 43,349.1 crore in FY21.

The company’s total expenses for the fiscal were reported at Rs 54,580 crore, Tofler said.

The company acquired stake in 63Ideas Infolabs, which operates the Ninjacart brand, and 50 per cent stake in Childrenite Private during the year.

An email query sent to Flipkart elicited no immediate reply

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Featured Video Of The Day

“Charge Those Involved With Murder”: Man Who Lost 7 Of Family In Bridge Collapse

.
.
.
.

.
.

Source link

Karnataka-Maharashtra Border Row: Karnataka MPs to Meet Amit Shah

Bengaluru: Following the Maharashtra MPs' meeting with Union Home Minister Amit Shah in Delhi, the Karnataka MPs will meet him in Delhi on Monday...

A gang attacks bakery workers in Bengaluru; video goes viral

Bengaluru: Around Thursday midnight, a gang assaulted two bakery workers over a minor dispute outside Kundalahalli Gate in the HAL Police Station limits. The incident...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This is the title of the web page
This is the title of the web page