Amazon Transportation Services (ATS) recorded a revenue increase of 7.6% in FY24.
ATS primarily facilitates Amazon’s vast ecommerce network in India through shipping and logistics operations.
ATS also saw a marginal reduction in its net loss, lowering it by 6.9% to INR 80 Cr from INR 86 Cr last year.
Amazon’s logistics arm, Amazon Transportation Services (ATS), recorded a revenue increase of 7.6% in FY24, marking an improvement from FY23’s INR 4,543 Cr to INR 4,889 Cr, as per the regulatory filing accessed by Tofler.
Notably, ATS primarily facilitates Amazon’s vast ecommerce network in India through shipping and logistics operations.
While ATS saw a marginal reduction in its net loss, lowering it by 6.9% to INR 80 Cr from INR 86 Cr last year, expenses saw an upward trend.
The company’s total expenses rose by 7% to INR 5,004 Cr, with key costs including employee benefits at INR 624 Cr and additional operational expenses at INR 3,975 Cr.
The overall total income reported for FY24 was INR 4,946 Cr.
(The story will be updated shortly)
