Shiprocket reports ₹674 crore revenue and narrows EBITDA loss
In short
Shiprocket reported revenue of ₹674 crore and net profit of ₹0.6 crore, while its EBITDA loss narrowed to ₹2.2 crore from ₹20.3 crore a year earlier. The stock gave up most of its early gains after the update.
What the reporting says
Shiprocket reported revenue of ₹674 crore and net profit of ₹0.6 crore for the quarter, according to a CNBC TV18 summary. The platform also cut its EBITDA loss to ₹2.2 crore from ₹20.3 crore a year earlier, while the stock gave up most of its early gains.
Why it matters
Shiprocket reported revenue of ₹674 crore and net profit of ₹0.6 crore, compared with a loss of ₹20.2 crore a year earlier, according to a CNBC TV18 summary. Its EBITDA loss also narrowed to ₹2.2 crore from ₹20.3 crore.