Lendingkart's profit plummets in FY24 on the back of soaring expenses

Quick Summary:

The fintech firm's consolidated revenue from operations rose 36.59% to Rs 1,090.63 crore.

However, profit plunged 97% year-over-year to Rs 3.25 crore.

Service charges for outsourced employees surged to Rs 33.88 crore from Rs 14.62 crore.

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: India

Topics: Fy23 Costs Income Revenue Policy Crore Year Expenses Privacy Profit Fy24

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 05:40:34 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 376 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23319759

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