Home Innoviti Technologies Revenue Exceeds Rs 110 Cr in FY23, Costs Up as well

Innoviti Technologies Revenue Exceeds Rs 110 Cr in FY23, Costs Up as well

Innoviti Technologies’ operating revenue increased by 48.7% reaching Rs 110.2 Cr in FY23, from selling its payment gateway and PoS services.
The firm also made Rs 5.39 Cr from the sale of investments in FY23; yet, its total costs rose to Rs 202.2 Cr.
Despite cost management, Innoviti’s losses increased by 17.8% to Rs 86.5 Cr, spending Rs 1.83 to earn each rupee of revenue in FY23.