India, Sept. 4 -- Used car marketplace Cars24 managed to trim its net loss for the fiscal year FY26 by 18.7% to Rs.441.1 Cr from Rs.542.7 Cr in the previous fiscal.

The improvement in the bottom line came despite a dip in the IPO-bound startup's top line. Cars24's operating revenue declined 18.3% to Rs.5,091.7 Cr in the fiscal under review from Rs.6,233.2 Cr in FY25.

The startup's top line from sale of products declined by 22.7% to Rs.4,438.8 Cr in FY26 from Rs.5,746.1 Cr in FY25. Meanwhile, revenue from services more than doubled to Rs.205.6 Cr from Rs.89.5 Cr in the previous fiscal. Operating revenue from other segments increased 12.5% to Rs.447.3 Cr from Rs.397.7 Cr in FY25.

Including other income of Rs.128.3 Cr, the startup's total...