Business · Companies · 1 day ago
Meesho narrows quarterly loss 68% as revenue rises 34%
Meesho reported a narrower loss and higher revenue in the second quarter of FY27.
The company said its loss was down 68%, while revenue rose 34%.
Its cash balance was 70.5 billion rupees at the end of the quarter, equal to about US$741 million.
These figures show that revenue grew while the reported loss became smaller.
The cash balance gives a snapshot of the funds Meesho held at quarter-end.
The results point to improved financial performance, but no further plans or next steps are stated.
Meesho’s quarterly loss narrowed by 68%, while revenue rose by 34%.
The figures were for the second quarter of fiscal year 2027.
Meesho reported a cash balance of 70.5 billion rupees at the end of the quarter.
The cash balance was also reported as US$741 million.
- Who
- Meesho.
- What
- Its quarterly loss narrowed by 68% and revenue rose by 34%.
- When
- The second quarter of fiscal year 2027.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Quarter
- Q2 of fiscal year 2027
- Quarterly loss
- Narrowed by 68%
- Revenue
- Rose by 34%
- Cash balance
- 70.5 billion rupees (US$741 million) at quarter-end