InsuranceDekho swings to profit with Rs 86 crore in FY24
InsuranceDekho's revenue from operations surged to Rs 743.6 crore for the fiscal year, ending March 2024 from Rs 96.5 crore reported in the previous fiscal.
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InsuranceDekho's revenue from operations surged to Rs 743.6 crore for the fiscal year, ending March 2024 from Rs 96.5 crore reported in the previous fiscal.
The net profit reached Rs 18.5 crore during the quarter compared to Rs 7.78 crore reported in Q2 FY24.
The Peak XV-backed company saw its net losses go down to Rs 275.9 crore in FY24 compared to Rs 327 crore in FY23.
The company's net profit after tax rose to Rs 47.47 crore, up 16.7% from Rs 40.69 crore earned in Q2 FY24.
Coinswitch parent PeepalCo's losses came down by 65% to Rs 151.4 crore ($18.13 million) in FY24 against Rs 434.2 crore in the previous year.
Perfios reported Rs 71.7 crore in profit after tax, up from Rs 7.79 crore in FY23.
Juspay earned Rs 287 crore in revenues from payment platform integration fees as compared to Rs 196 crore in FY23.
The Gurugram-based company's revenue also saw a significant jump of 58%, rising to Rs 674 crore from Rs 427 crore in Q2 FY24.