India, Oct. 3 -- Flipkart-owned logistics company Ekart managed to trim its net loss for the fiscal year FY25 by 12% to INR 1,515 Cr from INR 1,718.1 Cr net loss incurred in the previous fiscal year.
The minimisation of the net loss comes primarily at the behest of a notable uptick in the logistics major's top line. In FY25, Ekart registered an operating revenue of INR 13,732.9 Cr, up 13% from INR 12,115.3 Cr in FY24.
Ekart registers its operating revenue by offering businesses services like logistics, collection and warehousing. In this, a large chunk of revenue came from its logistics, transportation and warehousing services, zooming 13% YoY to INR 10,602.5 Cr.
Meanwhile, revenue from its warehousing services also jumped 27% YoY to I...
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