M2P Fintech’s FY24 Loss Stagnant At INR 133 Cr

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SUMMARY

M2P Fintech posted a net loss of INR 133.5 Cr in FY24, an increase of 0.15% from INR 133.3 Cr in the previous fiscal year

However, its operating revenue slipped 13.3% to INR 382 Cr in FY24 from INR 440.7 Cr in FY23

Meanwhile, M2P’s total expenses declined 15.4% to INR 527.6 Cr in FY24 from INR 623.3 Cr in the previous year

After seeing a 3X year-on-year (YoY) jump in its net loss in the financial year ended March 2023 (FY23), B2B fintech startup M2P Fintech’s loss stayed flat in FY24. The startup posted a loss…



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M2P Fintech’s FY24 Loss Stagnant At INR 133 Cr


SUMMARY

M2P Fintech posted a net loss of INR 133.5 Cr in FY24, an increase of 0.15% from INR 133.3 Cr in the previous fiscal year

However, its operating revenue slipped 13.3% to INR 382 Cr in FY24 from INR 440.7 Cr in FY23

Meanwhile, M2P’s total expenses declined 15.4% to INR 527.6 Cr in FY24 from INR 623.3 Cr in the previous year

After seeing a 3X year-on-year (YoY) jump in its net loss in the financial year ended March 2023 (FY23), B2B fintech startup M2P Fintech’s loss stayed flat in FY24. The startup posted a loss…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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