IPO-Bound Droom’s FY24 Loss Declines 35% To INR 40 Cr

February 6, 2025

, By Team SNFYI

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SUMMARY

Amid degrowth in its top line, Droom’s EBITDA margin depreciated to -44% in FY24 from -23% in the previous fiscal year

Operating revenue slumped 66% to INR 85.4 Cr during the year under review from INR 253.3 Cr in FY23

Total expenses went down 64% year-on-year to INR 100.9 Cr in FY24

IPO-bound automobile ecommerce platform Droom reported a 35% decline in its consolidated net loss to INR 40.4 Cr in the fiscal year 2023-24 (FY24) from INR 62.1 Cr in the previous fiscal year due to lower expenses.

With the improvement…

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IPO-Bound Droom’s FY24 Loss Declines 35% To INR 40 Cr

February 6, 2025

, Published By Team SNFYI

SUMMARY

Amid degrowth in its top line, Droom’s EBITDA margin depreciated to -44% in FY24 from -23% in the previous fiscal year

Operating revenue slumped 66% to INR 85.4 Cr during the year under review from INR 253.3 Cr in FY23

Total expenses went down 64% year-on-year to INR 100.9 Cr in FY24

IPO-bound automobile ecommerce platform Droom reported a 35% decline in its consolidated net loss to INR 40.4 Cr in the fiscal year 2023-24 (FY24) from INR 62.1 Cr in the previous fiscal year due to lower expenses.

With the improvement…

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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Previous News

Nazara Gets GST Demand Notice Of INR 5.68 Cr

Next News

Jainam Broking Ltd. Gears Up for Landmark Indian Options Conclave in Surat, Witnessed by 10,000+ Traders

Hi! This is Admin.

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