As per the reports, on monday food delivery platform Zomato announced its fourth quarter earnings for the financial year 2023-24 with profit at Rs 175 crore in comparison to a loss of Rs 189 crore during the corresponding quarter of FY23. The company recorded revenue from operations at Rs 3562 crore, up 73.2 per cent on-year as against Rs 2056 crore during the same period last year. It posted EBITDA at Rs 86 crore versus EBITDA loss of Rs 226 crore during Q4FY23. The share price of the food delivery closed in red, down nearly 2 percent to ₹196.65 per share on Monday’s trading session.
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