Used car marketplace Cars24 narrows net loss as it prepares for an IPO.
Inc42 reported that Cars24 cut its net loss 18.7 percent year over year to ₹441.1 Cr in FY26. Operating revenue fell 18.3 percent to ₹5,091.7 Cr and total expenses dropped 17.8 percent to ₹5,673.6 Cr. The article notes the company is preparing for an IPO. The same details appear in the linked Inc42 piece, which states the prior year net loss was ₹542.7 Cr.
1K
1 post, first seen 3d ago
Used car marketplace Cars24 narrows net loss as it prepares for an IPO.
Inc42 reported that Cars24 cut its net loss 18.7 percent year over year to ₹441.1 Cr in FY26. Operating revenue fell 18.3 percent to ₹5,091.7 Cr and total expenses dropped 17.8 percent to ₹5,673.6 Cr. The article notes the company is preparing for an IPO. The same details appear in the linked Inc42 piece, which states the prior year net loss was ₹542.7 Cr.
Inc42@Inc42🚗 Cars24 trims its FY26 loss as it gears up for an IPO. 👇 Used car marketplace Cars24 narrowed its net loss by 18.7% YoY to ₹441.1 Cr in FY26, even as its operating revenue declined 18.3% to ₹5,091.7 Cr. The startup’s total expenses also fell 17.8% to ₹5,673.6 Cr, helping…
Inc42@Inc42🚗 Cars24 trims its FY26 loss as it gears up for an IPO. 👇 Used car marketplace Cars24 narrowed its net loss by 18.7% YoY to ₹441.1 Cr in FY26, even as its operating revenue declined 18.3% to ₹5,091.7 Cr. The startup’s total expenses also fell 17.8% to ₹5,673.6 Cr, helping…
