Tech
Acko posts Rs 424 crore loss even as topline rises 34%
[ad_1]
New-age insurance company Acko has reported a net loss of Rs 424 crore in FY25, down 57% from Rs 667 crore a year back.
The company managed to grow its operating revenue 34% to Rs 2,836 crore from Rs 2,106 crore a year prior. For insurance companies, revenue means total sales or the gross written premium collected by the firm.
Though the company managed to grow its business, its expenses shot up too, dragging the balance sheet into the red. The total expenses for FY25 stood at Rs 3,311 crore, compared to Rs 2,810 crore a year back, according to filings…
[ad_2]
Source link