Uber India Systems Narrows Losses in FY24
Uber India Systems reported a narrowed loss of Rs 89 crore in FY24, with revenue reaching Rs 3,860 crore, a 41% increase from the previous year.
Illustration: Uttam Ghosh/Rediff.com
New Delhi, Mar 19 (PTI) Uber India Systems has reported a narrowing of losses to Rs 89 crore for the financial year 2023-24, according to financial data accessed by business intelligence platform Tofler.
Its revenues for FY24 stood at about Rs 3,860 crore, rising 41 per cent over the last financial year.
An email query by PTI to Uber about the financial performance did not elicit a response.
"Uber India Systems Limited, a ridesharing, taxi cab, and transportation network company reported its revenues for the financial year 2023-24 as Rs 3,860 crore, a 41 per cent jump since the last financial year. The company further reported a net loss of Rs 89 crore during the same fiscal," Tofler said.
The company's total expenses for the fiscal were reported as Rs 3,977 crore.
Its revenues for FY24 stood at about Rs 3,860 crore, rising 41 per cent over the last financial year.
An email query by PTI to Uber about the financial performance did not elicit a response.
"Uber India Systems Limited, a ridesharing, taxi cab, and transportation network company reported its revenues for the financial year 2023-24 as Rs 3,860 crore, a 41 per cent jump since the last financial year. The company further reported a net loss of Rs 89 crore during the same fiscal," Tofler said.
The company's total expenses for the fiscal were reported as Rs 3,977 crore.
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