Cars24 nears Rs 7,000 crore topline in FY24; net loss expands
The Gurugram-based used cars sales platform recorded a 25% on-year growth in its operating revenue at Rs 6,917 crore. The increase in the company's operating revenue was mainly driven by a rise in unit sales as well as growing average selling prices, it said.
With this, Cars24 is back on the growth path after reporting a mere 8% year-on-year (YoY) rise in revenue in FY23. The company's net loss, however, expanded to Rs 498 crore in FY24 from Rs 468 crore a year ago.
Cars24’s financial statements could not be sourced from the Registrar of Companies.
Speaking to ET, Cars24’s cofounder and chief financial officer Ruchit Agarwal said that the company’s mindset, which had become focused on controlling costs following the onset of the funding winter in 2022, has now become growth-oriented again.
Strategy
Succession Planning Masterclass
By — Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd.
Web Development
Java 21 Essentials for Beginners: Build Strong Programming Foundations
By — Metla Sudha Sekhar, IT Specialist and Developer
Leadership
Crafting a Powerful Startup Value Proposition
By — Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience
Office Productivity
Excel Essentials to Expert: Your Complete Guide
By — Study At Home, Quality Education Anytime, Anywhere
Office Productivity
Advanced Excel Course — Financial Calculations & Excel Made Easy
By — Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant
Web Development
A Comprehensive ASP.NET Core MVC 6 Project Guide for
