Zeta India's profits jump 5.4X to Rs 120 Cr on rising revenues and lower costs

Quick Summary:

The banking software maker saw its operations revenue climb 9.42% to Rs 893.12 crore in FY24, while total expenses decreased 4.5% to Rs 760.13 crore.

This decline is largely attributed to a tightening of costs across the board.

Other expenses saw a sharper decrease, dropping 14.6% to Rs 129.00 crore from Rs 151.06 crore.

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: India

Topics: Revenue Expenses Crore Zeta Banking Banks Profits Policy Credit Privacy Fy24

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 07:06:52 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 308 words

Reading Time: 2 minutes read

Sentences: 20 lines

Sentence Length: 16 words per sentence (average)

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

Copyright Owner: © YourStory

News ID: 23443703

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 18 posts per day

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