IPO-bound Smartworks Coworking Spaces posts Rs 50 cr loss last fiscal on higher expenses

Quick Summary:

According to the DRHP, the company's net loss stood at Rs 49.95 crore in the 2023-24 fiscal, down 50 % from Rs 101 crore in the preceding financial year.

The company would utilise Rs 140 crore towards repayment or prepayment or redemption of certain borrowings.

As on March 31, 2024, the company's total outstanding borrowings was Rs 427.35 crore.

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: India

Topics: Fiscal Privacy Year Loss Smartworks Drhp Public Centres Crore Company Last

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-19 @ 08:37:55 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 465 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 18 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 22135633

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