Excitel Reports Rs 120 Cr Losses

New Delhi: Internet service provider Excitel Broadband on Thursday said it has narrowed its losses to Rs120 crore in FY24. The company had posted a loss of Rs155 crore in FY23, accord-ing to a company statement.

Its revenue came in at Rs486.84 crore in FY24, 24.5 per cent higher from Rs391.17 crore in the previous fiscal. Excitel has recently joined hands with GX Group to deploy Wifi 6-enabled broadband modems, the statement said.

“Together with GX Group, we are thrilled to offer high-speed, eco-friendly, and cost-effective connectivity to millions of house-holds, including those in rural areas.