E-commerce major Flipkart narrows loss to Rs 4,248 crore in FY24

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E-commerce major Flipkart has reported narrowing of consolidated net loss to Rs 4,248.3 crore in 2023-24 helped by increase in its revenue, according to a regulatory filing report shared by Tofler on Monday.

According to the Tofler report, Flipkart's return on equity dropped to the lowest level in the last five years to negative 49.6 per cent.

The consolidated revenue of the Walmart Group firm increased by about 26 per cent to Rs 70,541.90 crore in FY 2024 from Rs 55,823.9 crore in FY 2023.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Flipkart revenue Flipkart E-commerce platforms Flipkart result Flipkart profit

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 19:03:43 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 286 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23287550

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