Flipkart Internet losses widen to Rs 1,950 crore in FY20

Flipkart Internet, which operates the B2C online marketplace, has seen its consolidated loss widen to Rs 1,950.5 crore for the financial year ended March 2020, even as revenue grew about 32 per cent, as per regulatory documents.

The company had registered a consolidated loss after tax of Rs 1,625.7 crore in the previous fiscal, according to Registrar of Companies filing – shared by market intelligence firm Tofler.

Its consolidated net total income was at Rs 6,318.7 crore for 2019-20 as against Rs 4,803 crore in the previous financial year, a growth of 31.5 per cent, it added. Flipkart did not respond to emailed queries.

On a standalone basis, the total loss widened to Rs 1,936.6 crore in FY20 from Rs 1624.4 crore in the previous year.