Uber India unit's profit remains flat though grows 10% in FY17

Taxi hailing firm pays more towards deferred taxes, higher expenses weigh on profit

Uber India Systems, one of the key business units of taxi hailing company Uber saw a moderate revenue growth of 9.5 per cent at Rs 4.1 billion in FY17 even though its profit took a hit due to higher tax outgo owing to higher tax outgo as well as increased expenses. According to the company’s filing with the Registrar of Companies (RoC) sourced from data intelligence platform Paper.vc, the company’s profit for the year ended 31 March 2017 stood at Rs 190 million, nearly flat as compared to Rs 187 million reported in the previous twelve-month period.

A payment of