{"id":893692,"date":"2025-01-08T08:08:34","date_gmt":"2025-01-08T02:38:34","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=893692"},"modified":"2025-01-08T08:27:45","modified_gmt":"2025-01-08T02:57:45","slug":"sharechat-cuts-losses-by-63-per-cent-to-rs-1897-crore-in-fy24","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/01\/08\/sharechat-cuts-losses-by-63-per-cent-to-rs-1897-crore-in-fy24\/","title":{"rendered":"Sharechat cuts losses by 63 per cent to Rs 1,897 crore in FY24"},"content":{"rendered":"<p>Mohalla Tech, which owns vernacular social media platforms ShareChat and Moj, reduced its consolidated loss to Rs 1,897.6 crore in FY24, from Rs 5,143.4 crore a year ago, when its bottom line was primarily hit by the write-off associated with its MX TakaTak acquisition.<\/p>\n<p>Revenue from operations rose 19% to Rs 748 crore, while its total expenses fell around 33% to Rs 2,512 crore in FY24, according to financial data accessed via Tofler. The reduction in expenses was largely due to optimised server costs, a sharp drop in depreciation costs, and lower employee-related costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mohalla Tech, which owns vernacular social media platforms ShareChat and Moj, reduced its consolidated loss to Rs 1,897.6 crore in FY24, from Rs 5,143.4 crore a year ago, when its bottom line was primarily hit by the write-off associated with its MX TakaTak acquisition. Revenue from operations rose 19% to Rs 748 crore, while its total expenses fell around 33% to Rs 2,512 crore in FY24, according to financial data accessed via Tofler. The reduction in expenses was largely due to optimised server costs, a sharp drop in depreciation costs, and lower employee-related costs.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,64,12],"tags":[],"class_list":["post-893692","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-telecom-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/893692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=893692"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/893692\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=893692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=893692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=893692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}