NoBroker in FY23: Op revenue grows 87% to Rs 609 Cr; losses

Jul 1, 2024 · Subsequently, losses went up by 63.8% to Rs 506 crore in FY23, up from Rs 309 crore in FY22. Its ROCE and EBITDA margins were recorded at -34% and -69.5%, …

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NoBroker In FY23: Op Revenue Grows 87% To Rs 609 Cr; Losses

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Jul 1, 2024 · Subsequently, losses went up by 63.8% to Rs 506 crore in FY23, up from Rs 309 crore in FY22. Its ROCE and EBITDA margins were recorded at -34% and -69.5%, …

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NoBroker FY23 Report: Revenue Soars 87%, Losses Increase 64%

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Jul 1, 2024 · Revenue Surge: NoBroker’s revenue grew by 86.8%, rising from Rs. 326 crore in FY22 to Rs. 609 crore in FY23. The overall income, including a non-operating income of Rs. …

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NoBroker’s FY23 Revenue Surges 87%, Losses Widen 64% From

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Jul 1, 2024 · The surge in losses was driven by a substantial 75.2% rise in expenses to Rs 1,189.7 crore in FY23, as opposed to Rs 678.9 crore reported in FY22. ... NoBroker’s FY23 …

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Proptech Unicorn NoBroker’s FY23 Revenue Climbs 87%, Reports Rs …

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Jul 1, 2024 · The startup's revenue grew from Rs 326 crore in FY22 to Rs 609 crore in FY23, according to its financial statements sourced from the Registrar of Companies. However, this …

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Op Revenue Grows 87% To Rs 609 Cr; Losses Up By 64%

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Jul 1, 2024 · The company achieved an 86.8% increase in its operating scale for the fiscal year ending March 2023. However, its losses also surged by 63.8% during the same period. …

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Loan, Sweet Loan: Financial Services Is NoBroker’s Fastest ... - Mint

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Nov 12, 2024 · The firm’s operating revenue grew 87% to ₹ 609 crore in FY23, while losses widened to ₹ 506 crore as new product launches and expansion of services to more cities led …

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NoBroker | Entrackr

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Mar 15, 2022 · NoBroker in FY23: Op revenue grows 87% to Rs 609 Cr; losses up by 64%. NoBroker’s revenue from operations grew by 86.8% to Rs 609 crore in FY23 from Rs 326 …

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NoBroker In FY23: Op Revenue Grows 87% To Rs 609 Cr; Losses Up …

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Proptech unicorn NoBroker has finally reported its FY23 financial results, nine months past the due || Read More on Medial

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Proptech Unicorn NoBroker’s FY23 Loss Crosses INR 500 Cr Mark

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Jun 29, 2024 · The Tiger Global-backed startup’s net loss rose 64% to INR 506.2 Cr in FY23 from INR 309.1 Cr in the previous fiscal year. NoBroker’s operating revenue zoomed 87% to INR …

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Proptech Unicorn NoBroker’s FY23 Revenue Climbs 87%, Reports Rs …

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NoBroker, a proptech unicorn based in Bengaluru, saw its revenue from operations grow impressively by 86.8% in the fiscal year ending March 2023. However, this growth was …

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NoBroker - Recent News & Activity - Crunchbase

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Jul 3, 2024 · YourStory.com — NoBroker’s FY23 revenue surges 87%, losses widen 64% from sharp rise in expenses . News • Jul 3, 2024. Inc42 — Proptech Unicorn NoBroker’s FY23 Loss …

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NoBroker - Updates, News, Events, Signals & Triggers - Crunchbase

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YourStory.com — NoBroker’s FY23 revenue surges 87%, losses widen 64% from sharp rise in expenses . News • Jul 3, 2024. Inc42 — Proptech Unicorn NoBroker’s FY23 Loss Crosses …

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PropTech Radar - 30th June 2024

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Jun 30, 2024 · NoBroker in FY23: Op revenue grows 87% to Rs 609 Cr; losses up by 64% As per the financial statements for FY23, filed nearly 15 months after the end of the year, total …

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FAQs about NoBroker in FY23: Op revenue grows 87% to Rs 609 Cr; losses Coupon?

How did NoBroker perform in FY23?

The company achieved an 86.8% increase in its operating scale for the fiscal year ending March 2023. However, its losses also surged by 63.8% during the same period. NoBroker’s revenue from operations grew by 86.8% to Rs 609 crore in FY23 from Rs 326 crore in FY22, its annual financial statements sourced from the Registrar of Companies show. ...

How much did NoBroker spend in fy24?

On a unit level, it spent Rs 1.95 to earn a unit of operating revenue. Last year, NoBroker said that it aimed to touch Rs 1,000 crore revenue mark in FY24. The company is yet to file its audited annual report for the last fiscal year. NoBroker has raised over $400 million to date including a $210 million unicorn round in November 2021. ...

How did NoBroker grow in FY23?

One of the major contributors to Nobroker’s costs was employee benefit expense, including salaries, wages, bonuses, contributions to provident and other funds, gratuity, employee stock option expenses as well as staff welfare expenses—constituting 36.6% of its total expenses. It grew 66.3% to Rs 435.1 crore in FY23 from Rs 261.7 crore in FY22. ...

Why did the company's losses widen in FY23?

However, its losses widened due to a significant rise in expenses, as revealed by the company’s filings, which were reported nine months later. The Bengaluru-based company reported Rs 608.8 crore in revenue from operations in FY23—an 86.8% increase from the Rs 325.9 crore earned in FY22, as per its recent financial statements. ...

How much did a startup earn in FY23?

The startup’s total income, comprising interest income and dividend income rose to Rs 74.7 crore in FY23, compared with Rs 43.9 crore earned in the preceding fiscal year. ...

Will NoBroker become profitable in the next two years?

Amit Kumar Agarwal, co-founder and CEO of NoBroker. Tiger Global-backed proptech platform NoBroker aims to become profitable in the next two years, despite fears of an impending global recession affecting consumer sentiment and higher loan rates that have made homes costlier. ...