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PolicyBazaar’s parent swings to a loss in FY18 despite 42 pc increase in revenue

6 1 10
30.10.2018

Gurugram-based PolicyBazaar's parent company ETechAces Marketing and Consulting swung to a loss of Rs 59 crore for FY18 as against a profit of Rs 7.31 crore in the previous fiscal.

Recent unicorn PolicyBazaar’s parent company ETechAces Marketing and Consulting swung to a consolidated loss of Rs 59.18 crore in FY18. The Gurugram-based company had reported a consolidated profit of Rs 7.31 crore last financial year.

The total income on a consolidated level of the company soared by almost 42 percent to Rs 360.33........

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