Logistics firm Shiprocket reports Rs 595 crore net loss in FY24
Logistics and supply chain company Shiprocket has reported Rs 595 crore net loss in the fiscal 2024, a 75 per cent increase from Rs 340 crore loss in FY23.
Logistics and supply chain company Shiprocket has reported Rs 595 crore net loss in the fiscal 2024, a 75 per cent increase from Rs 340 crore loss in FY23.
The growth was driven by an increase in shipments of passenger vehicles and two-wheelers.
Speaking at the 64th annual Automotive Component Manufacturers Association (ACMA) session, the President said the auto sector also contributes significantly to the direct and indirect employment generation in the country.
This significant jump in capex came after the miner carried out a comprehensive review of its decision-making process and brought about key changes to make the organisation more agile and decentralised.
In 2022-23, the coal production was 893.191 MT while the import was 237.668 MT.
A significant growth has been recorded in the production of key minerals and aluminium metal, the Ministry of Mines said.
Notably, the GMV is double to what was clocked at the end of previous Fiscal Year.
Nasscom’s cautious outlook points to many challenges, with delayed decision-making and restrained client spending standing out as the primary culprits.
Over the past few years, Coal CPSEs has been over achieving the CAPEX Target.
Also, there has been a notable increase in the daily average GMV transaction value during this period, rising from Rs 504 crore in FY 22-23 to Rs 914 crore as of February 12, 2024.
