IPO-Bound Droom’s FY24 Loss Declines 35% To INR 40 Cr

Amid degrowth in its top line, Droom’s EBITDA margin depreciated to -44% in FY24 from -23% in the previous fiscal year

Operating revenue slumped 66% to INR 85.4 Cr during the year under review from INR 253.3 Cr in FY23

Total expenses went down 64% year-on-year to INR 100.9 Cr in FY24

IPO-bound automobile ecommerce platform Droom reported a 35% decline in its consolidated net loss to INR 40.4 Cr in the fiscal year 2023-24 (FY24) from INR 62.1 Cr in the previous fiscal year due to lower expenses.

With the improvement…