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Pine Labs-owned Setu's revenue jumps almost 2.5X, loss narrows

  • Pine Labs-owned Setu's operational revenue doubled for the year ending March 2024.
  • Consolidated revenue from operations was Rs 35.2 crore, compared to Rs 13.8 crore a year ago.
  • Net loss reduced from Rs 62.4 crore to Rs 41.2 crore in the corresponding year-ago period.
  • Setu managed to control expenses, which remained flat at Rs 77.9 crore.

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