Logistics aggregator Shiprocket has reported widening of loss to Rs 595 crore in the financial year 2024 on account of one-time restructuring cost, employee stock ownership plan and investments in emerging business. Shiprocket had posted a loss of Rs 340 crore in the fiscal year 2022-23. "Rs (-) 595 crore profit after tax is attributed to: One-time restructuring and integration costs of Rs 244 crore related to acquired businesses, significant ESOPs worth Rs 192 crore during the year, investment in emerging businesses," Shiprocket said in a statement. Shiprocket said that the company has reduced cash flow burn by almost half to Rs 100 crore in FY'24 from Rs 191 crore in FY'23 and is on path to full profitability in the current fiscal year. "The company also announced that the first two quarters of this financial year ending September 2024 are already profitable, positioning it well ahead of its goal to achieve full profitability by FY 2025," the statement said. The revenue of the .