NoBroker reports Rs 803 Cr revenue in FY24, but 57% expenses remain

NoBroker Reports High Revenue but Unexplained Expenses Raise Governance Questions: Proptech firm NoBroker reported a substantial revenue of ₹803 crore for the fiscal year 2024. However, the company's inability to adequately explain a significant 57% of its expenses has raised serious questions regarding its corporate governance practices. These unexplained expenditures have come under scrutiny, particularly as NoBroker prepares for its potential Initial Public Offering (IPO), highlighting the need for transparency and accountability in financial reporting.