Zomato Share Surges As Revenues Jump 75% in Q4; Should Investors Book Profit or Buy?

Zomato shares rose 12 per cent in early trades on Tuesday after the company reported its Q4 earnings. The online food delivery platform reported a widening of its consolidated net loss at Rs 359.7 crore in the fourth quarter ended March 2022, impacted by higher expenses. The company had posted a consolidated net loss of Rs 134.2 crore in the same period of the previous fiscal. Although, revenue from operations came in at Rs 1,211.8 crore, up 75.01 per cent compared to Rs 692.4 crore in the same quarter last year.

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