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Pine Labs' India, Singapore entities report higher FY24 losses as expenses rise

YourStory LogoYourStory11h ago

Pine Labs' India, Singapore entities report higher FY24 losses as expenses rise - YourStory

Quick Summary:

The Singapore arm saw a 9.77% YoY rise in revenue to Rs 1,743.27 crore, but escalating costs led to a 49.28% increase in net loss.

Key expense areas included cost of sales and product development, impacting gross profit.

Legal professional charges also spiked by 12% YoY to Rs 128 crore.


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Pine Labs' India, Singapore entities report higher FY24 losses as expenses rise - YourStory (Picture 1)

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-09 @ 11:03:41 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 381 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 16 words per sentence (average)

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

Copyright Owner: © YourStory

News ID: 22967818

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About YourStory

YourStory Logo

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 22 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

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The story "Pine Labs' India, Singapore entities report higher FY24 losses as expenses rise" was covered 11 hours ago by YourStory, a news publisher based in India.

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  • URL: https://beamstart.com/news/pine-labs-india-singapore-entities-17284723035091

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