29 October 2022
Contract manufacturing company Zetwerko reported an 82% increase in losses for
FY 23 at Rs 108.7 crore from Rs 59.76 crore in the previous fiscal year on a
consolidated basis. The Bengaluru-based company's revenue from operations grew by
nearly 130% to Rs 11,448.6 crore during the year, with the overall income growing by a
similar metric to Rs 11,595.6 crore for the year.
Zetwerk's expenses rose by 130% as well to Rs 11,712.62 crore on the back of rising
employee expenses, finance costs, and other expenses.
The numbers reflect the consolidated figure for 19 entities, including two jointly
controlled entities and 17 subsidiaries.
Contract manufacturing company Zetwerko reported an 82% increase in losses for
FY 23 at Rs 108.7 crore from Rs 59.76 crore in the previous fiscal year on a
consolidated basis. The Bengaluru-based company's revenue from operations grew by
nearly 130% to Rs 11,448.6 crore during the year, with the overall income growing by a
similar metric to Rs 11,595.6 crore for the year.
Zetwerk's expenses rose by 130% as well to Rs 11,712.62 crore on the back of rising
employee expenses, finance costs, and other expenses.
The numbers reflect the consolidated figure for 19 entities, including two jointly
controlled entities and 17 subsidiaries.
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