Zomato net loss narrows 48% to ₹188 cr; says confident to turn profitable in 1-yr
The Morning Standard|May 20, 2023
FOODTECH major Zomato is confident of achieving profitability for its entire business within the next four quarters.
UMA KANNAN
Zomato net loss narrows 48% to ₹188 cr; says confident to turn profitable in 1-yr

In the fourth quarter, the company's consolidated net loss narrowed 48% to ₹188 crore compared with ₹360 crore in the same quarter last year. It reported a better-than-expected revenue from operations at ₹2,056 crore in Q4, a 70% jump, compared with ₹1,212 crore in the year-ago period.

This story is from the May 20, 2023 edition of The Morning Standard.

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This story is from the May 20, 2023 edition of The Morning Standard.

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