Recode - why was it rejected?

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mnx12

@mnx12

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Posted: 2 years ago

#11

Originally posted by: Swetha-Sai
https://www.latestly.com/socially/entertainment/tv/shark-tank-india-2-this-viral-linkedin-post-explains-how-the-judges-from-namita-thapar-to-anupam-mittal-are-running-their-businesses-in-losses-4720726.html

Out of curiosity, I did some search about Emcure Pharma.

https://www.business-standard.com/article/companies/emcure-pharma-s-rs-5-000-crore-ipo-to-hit-market-early-next-month-122012001429_1.html

Emcure reported revenue of Rs 6,091.8 crore in FY21, Rs 5,130.8 crore in FY20 and Rs 4,815.6 crore in FY19 and respectively earned net income of Rs 418.6 crore, Rs 100.6 crore and Rs 202.9 crore during these years.

They are making profit. Every business is different. Some are profitable from beginning. Some require capital to grow. Profits may start after some time. Also depends on market they are catering to. Many factors are considered before claiming about most of the Sharks are making losses.

Edited by mnx12 - 2 years ago

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