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Zomato shares climb 2.55% after fourth quarter

At NSE, Zomato climbed 2.55% to Rs 66.15 per share. (Representative)

New Delhi:

Shares of Zomato soared 2.55% in morning trading on Monday after the company’s consolidated net loss narrowed to Rs 187.6 crore in the fourth quarter ended March 2023 on robust growth. revenues.

The title gained 2.51% to Rs 66.16 each on the BSE.

At NSE, it climbed 2.55% to Rs 66.15 per share.

The company had recorded a consolidated net loss of Rs 359.7 crore in the same period of the previous financial year, Zomato said in a regulatory filing on Friday.

Its consolidated operating income during the reporting period stood at Rs 2,056 crore, up from Rs 1,211.8 crore a year ago.

Total expenditure in the fourth quarter was higher at Rs 2,431 crore, compared to Rs 1,701.7 crore for the corresponding period a year ago, the company said.

For the year ended March 31, 2023, the consolidated net loss was Rs 971 crore, down from a consolidated net loss of Rs 1,222.5 crore in 2021-22.

In FY23, consolidated revenue from operations amounted to Rs 7,079.4 crore compared to Rs 4,192.4 crore in FY22, the company said in the filing.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)


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