Akshata Sharma
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Urban Company clocked a 26% rise in its consolidated revenue from operations and trimmed its losses during FY24.
The company, formerly known as Urban Clap, clocked a revenue from operations of Rs 826.7 crore as compared to Rs 636.5 crore it clocked a year ago.
Urban Company to improve its bottomline by narrowing its total loss to Rs 92.7 crore during the same period from Rs 312.4 crore in FY23 by focusing on decreasing its operational costs.
Its Indian segment, which is its largest one, clocked a 25% hike on a y-o-y basis in net revenue to Rs 738 crore during the year ended March 31, 2024.
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