Zomato Q4 net loss narrows to Rs 187.6 crore

Online food delivery platform Zomato on Friday said its consolidated net loss narrowed to Rs 187.6 crore in the fourth quarter ended March 2023 on the back of robust revenue growth.

The company had posted a consolidated net loss of Rs 359.7 crore in the same period previous fiscal, Zomato said in a regulatory filing.

Its consolidated revenue from operations during the period under review stood at Rs 2,056 crore against Rs 1,211.8 crore in the year-ago period.

The total expenses in the fourth quarter were higher at Rs 2,431 crore compared to Rs 1,701.7 crore in the corresponding period a year ago, the company said.