Flipkart posts 42% revenue growth compared to last year

The company has reduced its losses to Rs 17,231 crore in year ending March 2019

e4m by exchange4media Staff
Updated: Nov 2, 2019 10:36 AM
Flipkart

Flipkart Ltd has posted a 42 per cent growth in revenues over the previous year, as per media reports.

The Singapore holding company of the Indian e-commerce company has also reduced its losses to Rs 17,231 crore in year ending March 2019.

The group's overall expenses have also reduced from Rs 46,895 crore in 2018 to Rs 17,281 crore, media reports said.

Flipkart has posted a revenue of Rs 42,878 crore from contracts with customers, the total revenue thus adding up to Rs 43,615 crore.

Flipkart recently announced its foray into original video content with the launch of ‘Flipkart Video Originals’.

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