Flipkart sees its consolidated loss widen to Rs 1,950 crore in FY20
Flipkart sees its consolidated loss widen to Rs 1,950 crore in FY20
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 Flipkart Internet, which operates the B2C online marketplace, has seen its consolidated loss widen to Rs 1,950.5 crore for the financial year ended March 2020, even as revenue grew about 32 percent, as per regulatory documents.

The company had registered a consolidated loss after tax of Rs 1,625.7 crore in the previous fiscal, according to Registrar of Companies filing - shared by market intelligence firm Tofler. Its consolidated net total income was at Rs 6,318.7 crore for 2019-20 as against Rs 4,803 crore in the previous financial year, a growth of 31.5 percent, it added.

On a standalone basis, the total loss widened to Rs 1,936.6 crore in FY20 from Rs 1624.4 crore in the previous year. Its standalone net total income was at Rs 6,317.7 crore as against Rs 4,802.3 crore in the previous fiscal, up 31.5 percent.

During the financial year under review, the company had offered shares on a rights issue basis on March 23, 2020 pursuant to which over 4.93 lakh class-A equity shares had been offered to the existing shareholders, of the company - Flipkart Marketplace Pvt Ltd, Singapore and Flipkart Pvt Ltd, Singapore, the filing said.

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