Flipkart FY18 revenue up 50%, but losses grow 5x

Without taking into account finance costs, which was a derivative expense on account of the down-round fund-raise by the company in mid-2017, losses increased by 75% to Rs 5,964 crore. Finance costs — mostly under “fair value loss on derivative financial instruments” — increased nearly tenfold to Rs 40,937 crore in FY18 from Rs 4,309 crore in FY17.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2SuZoSs