in

Urban Company’s FY20 loss widens to Rs 155 crore, revenue doubles to Rs 263 crore – Business News , Firstpost



Urban Company’s whole expenditure on a consolidated foundation grew 98.6 % to Rs 418.25 crore in fiscal ended March 2020.

Home companies market, Urban Company, noticed its consolidated losses widen to Rs 155.17 crore within the monetary yr 2020 on account of upper expenditure, at the same time as its whole earnings virtually doubled, as per regulatory paperwork reported by market intelligence agency Tofler. The firm noticed its whole earnings virtually doubling to Rs 263.07 crore within the monetary yr 2020 from Rs 132.04 crore within the monetary yr 2019, whereas its loss was at Rs 155.17 crore within the monetary yr 2020 as in opposition to a loss of Rs 78.48 crore within the earlier fiscal, in accordance to Registrar of Companies submitting shared Tofler.

Total expenditure on a consolidated foundation grew 98.6 % to Rs 418.25 crore in fiscal ended March 2020 as in contrast to Rs 210.52 crore within the previous fiscal.

On a standalone foundation, Urban Company noticed its whole earnings virtually doubling to Rs 256.42 crore within the monetary yr 2020 from Rs 131.59 crore within the monetary yr 2019, whereas its loss was at Rs 137.86 crore within the monetary yr 2020 as in opposition to a loss of Rs 73.6 crore within the earlier fiscal.

Expenditure on a standalone foundation rose 92 per cent to Rs 394.29 crore within the fiscal ended March 2020 as in contrast to Rs 205.19 crore within the previous fiscal.

In the submitting, Urban Company stated it clocked a big yr-on-yr progress in working revenue to Rs 212 crore within the monetary yr 2019-20, in contrast with Rs 108 crore within the monetary yr 2018-19.

Find newest and upcoming tech devices on-line on Tech2 Gadgets. Get expertise information, devices opinions & scores. Popular devices together with laptop computer, pill and cellular specs, options, costs, comparability.



Source hyperlink

What do you think?

Written by Business Boy

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0

Zomato’s revenue doubles to Rs 2,743 crore, losses up 138 percent to Rs 2,386 crore – Business News , Firstpost

GasBuddy expects recovery in fuel spending in U.S. after Covid caused $100 billion decline