Amazon India's sales at Rs 21,633 crore; net loss at Rs 3649 crore in FY22

13 Sept 2022 , 03:08 PM

In the fiscal year, 2021—2022, Amazon India's marketplace, logistics, and payments divisions all saw an increase in sales, while the marketplace division also managed to reduce losses.

Nevertheless, according to regulatory filings from business analytics platform Tofler, losses at the other two companies grew.

The company that manages the Amazon India marketplace, Amazon Seller Services, recorded a 32% increase in overall income to Rs21,633 crore on a standalone basis from Rs16,378 crore the previous year.

Additionally, the e-commerce platform was able to reduce net losses by approximately 23%, from Rs4,748 crore in FY21 to Rs3,649 crore in FY22.

Amazon India's marketplace division, which mostly competes with Walmart-owned Flipkart, makes money from a variety of sources, including platform fees from sellers and additional services like shipping and advertising.

Deliveries cost Amazon Seller Services Rs6,751.2 crore, up from Rs6,332 crore in FY21. Compared to Rs2,554.2 crore a year ago, it made Rs4,171.4 crore from advertising services.

The local shipping division of the US e-commerce behemoth, Amazon Transportation, recorded total revenues of Rs4,581 crore in FY22, an increase of 12.6% over the corresponding period in 2017. A total of Rs4,068 crore in revenues were recorded by Amazon Transportation for FY21.

The shipping services division's net losses increased by more than 38% to Rs95 crore in FY22 from Rs68.7 crore in the previous fiscal year.

Amazon Pay India, Amazon's distribution arm for payments and financial services, reported a 16% increase in revenue to Rs2,052 crore in FY22. The fintech division of a big e-commerce company saw an increase in total losses in FY22, from Rs1,516 crore to Rs1,740.8 crore. Along with other payment services, this section manages the Amazon Pay wallet and its Unified Payments Interface (UPI) offers.

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