Acko posts Rs 424 crore loss even as topline rises 34%

Share via:



New-age insurance company Acko has reported a net loss of Rs 424 crore in FY25, down 57% from Rs 667 crore a year back.

The company managed to grow its operating revenue 34% to Rs 2,836 crore from Rs 2,106 crore a year prior. For insurance companies, revenue means total sales or the gross written premium collected by the firm.

Though the company managed to grow its business, its expenses shot up too, dragging the balance sheet into the red. The total expenses for FY25 stood at Rs 3,311 crore, compared to Rs 2,810 crore a year back, according to filings…



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.

Popular

More Like this

Acko posts Rs 424 crore loss even as topline rises 34%



New-age insurance company Acko has reported a net loss of Rs 424 crore in FY25, down 57% from Rs 667 crore a year back.

The company managed to grow its operating revenue 34% to Rs 2,836 crore from Rs 2,106 crore a year prior. For insurance companies, revenue means total sales or the gross written premium collected by the firm.

Though the company managed to grow its business, its expenses shot up too, dragging the balance sheet into the red. The total expenses for FY25 stood at Rs 3,311 crore, compared to Rs 2,810 crore a year back, according to filings…



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.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Christmas 2025 buying guide: 7 Tech gift options across...

With Christmas approaching, many shoppers are turning to...

Ironman, Not Superman

I recently became frustrated while working with Claude,...

Mswipe gets RBI payment aggregator licence for online and...

Mumbai-based digital payments firm Mswipe Technologies has received...

Popular