Flipkart's net loss widens 51% on account of rising transportation costs

Flipkart's operating loss or EBITDA (earnings before interest, taxes, depreciation, and amortisation) loss stood at Rs 3,925 crore, which was up from Rs 2,267 crore in the previous fiscal

Flipkart Internet Pvt Ltd, reported a net loss of 51 per cent to Rs 4,362 crore in the financial year 2022, a media report said on Friday. The Walmart-owned company saw a 31 per cent year-on-year jump in its revenues to Rs 10,659 crore.

In a report published in LiveMint, Flipkart's net loss was on account of the rising transportation, marketing, and legal charges. E-commerce giant's total expenses for the fiscal were recorded at Rs 15,020 crore against Rs 10,996 crore in the previous fiscal, whereas, its operating revenue jumped to Rs 10,477 crore in FY22, compared to Rs 7,804 crore in FY21- an