Amazon’s logistics business posts 75% jump in India losses; expenses also up 42%

Amazon India’s logistics vertical Amazon Transportation Services (ATS) has reported a 43 per cent jump in its FY20 revenues to Rs 2,964 crore from Rs 2,078 crore in FY19. However, losses also increased 75 per cent to Rs 48 crore from Rs 27.5 crore during the said period, according to the regulatory filing sourced from business intelligence platform Tofler. ATS’ expenses were also up 42.5 per cent to Rs 2,995 crore in FY20 from Rs 2,100 crore in FY19. The company said that it has continued to invest heavily in building infrastructure and logistics business to expand keeping in mind the future growth and that had led to expenses growing considerably.