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Uber India Systems sees profit grow marginally to Rs 19 cr in FY17

The company had registered a profit of Rs 18.71 crore in 2015-16 fiscal, Uber India Systems said in documents filed with the Registrar of Companies.


PTI
Updated: 20-06-2018 22:00 IST
Uber India Systems sees profit grow marginally to Rs 19 cr in FY17

When contacted, a company spokesperson said Uber India Systems is an Uber group company and provides support and marketing services. (Image Credit: Twitter)

Uber India Systems, a part of US-based cab aggregator, has seen its profit grow marginally to Rs 19.01 crore in financial year 2016-17, as per regulatory documents.

The company had registered a profit of Rs 18.71 crore in 2015-16 fiscal, Uber India Systems said in documents filed with the Registrar of Companies.

The documents, sourced from research firm Tofler, showed that Uber India Systems had registered a revenue of Rs 410.84 crore in the financial year 2016-17, as against a topline of Rs 375.19 crore in the preceding fiscal.

When contacted, a company spokesperson said Uber India Systems is an Uber group company and provides support and marketing services.

"Today's filing shows increased efficiency and resource utilisation and does not reflect a slowdown in the growth of our India operations," the spokesperson added.

The document said the company has entered into an agreement with Uber India Support Centre and Xchange Leasing India (Uber's leasing business) for providing support and marketing services.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

COUNTRY : India