GoMechanic achieves operational profit in Q1FY25; FY24 revenue at Rs 210 cr

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GoMechanic achieves operational profit in Q1FY25; FY24 revenue at Rs 210 cr - Business Standard

Quick Summary:

Car services and repair platform GoMechanic, which was on the verge of collapse about a year-and-a-half ago, on Tuesday said it achieved operational profit in the June 2024 quarter under the new management.

Under the new management, GoMechanic has posted a revenue of Rs 210 crore in the financial year 2023-24 and a revenue of Rs 85 crore in the April-June 2024 quarter.

The company was acquired by Servizzy, a subsidiary of the Lifelong Group, in March 2023 after anomalies in its financial records were found under previous management and the firm was put on sale by the investors.