Dec 18, 07:33 AM

Unacademy Reports FY24 Revenue of Rs 864 Crore, Net Loss of Rs 284 Crore, 82% Decrease in Losses

Unacademy reported its financial results for the fiscal year 2023-24, revealing revenues of Rs 864 crore and a net loss of Rs 284 crore, marking an 82% decrease in losses compared to the previous year. The total expenses for the fiscal year were reported at Rs 1,149 crore. This reduction in net loss is attributed to cost-cutting measures and lower expenses. Earlier reports indicated that Unacademy had cut its losses by 62% to Rs 631 crore, suggesting ongoing improvements in its financial performance.

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