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Jupiter parent's net loss shrinks in FY24 amid surge in operating revenue
- Amica Financial Technologies, the parent company of Jupiter, reported a narrowed net loss for FY24.
- Revenue from operations surged nearly five-fold, reaching Rs 35.85 crore.
- Total expenses were reduced by 7%, but employee benefit expenses rose by 22.9%.
- Jupiter received approval to issue prepaid payment instruments and is in discussions to acquire a stake in SBM Bank India.
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