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Magenta Mobility’s FY24 revenue rises three fold, losses widen by 17.1%
- Magenta Mobility reports a three-fold increase in FY24 revenue to Rs 35.53 crore.
- Revenue from services rises to Rs 30.17 crore, driven by electric fleet and data analytics platform.
- Losses widen by 17.1% to Rs 46.44 crore due to rising expenses.
- Rise in driver costs, employee benefits, and finance costs contribute to increased expenses.
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