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Lendingkart's profit plummets in FY24 on the back of soaring expenses
- Lendingkart Technologies' profit in FY24 dropped 97% due to soaring expenses, despite a surge in revenue.
- Consolidated revenue from operations increased by 36.59% to reach Rs 1,090.63 crore.
- Profit plummeted to Rs 3.25 crore from Rs 118.81 crore in FY23.
- Total expenses rose by 58.92% to Rs 1,194.32 crore, driven by increased operational costs.
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