Online mobility platform Uber India has reported a 54% year-on-year rise in operating revenue for the year ended March 31, 2023 to INR 2,666 crore, while its net loss during the period expanded to INR 311 crore.
In FY22, the firm had reported a net loss of INR 197 crore, according to regulatory filings sourced from Tofler.
The financials of Uber India Systems Pvt Ltd (UISPL) also include the earnings for two entities – Uber India Research and Development Pvt Ltd and Xchange Leasing India Pvt Ltd – that have been amalgamated into UISPL.
UISPL earns revenue from multiple sources including service fees from users and drivers, through car advertisements, and support services to its global parent.
Including the revenues from amalgamated entities, UISPL’s FY22 revenue stood at INR 1,726 crore, while on a standalone basis it was INR 396 crore.