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Homegrown online gaming startup Winzo reported a 70% rise in operating revenue to Rs 1,055.2 crore for the financial year ended March 2024, despite a challenging regulatory environment for the online gaming sector in India.The company’s adjusted net profit grew 2.5 times to Rs 315 crore, up from Rs 125 crore the previous year.
Winzo noted that these financials reflect only six months of the impact from the government’s revised GST regime, which came into effect on October 1, 2023.
“While the company acknowledged the impact of the revised 28% GST on…
