Q1 results review: Zomato, Paytm & Nykaa to focus on profitable growth

New-age tech platforms seem to be finally realising the importance of focusing on growth with sustainable profits. A look at the FY23 first quarter results shows that the management of the companies is eyeing improved margins and bottom line growth.

Food delivery aggregator Zomato, for instance, has brought down its losses by huge margin. Losses for the Q1 of FY23 were Rs 186 crore against Rs 359.7 crore in Q1 of FY22 and Rs 359 crore in Q4 of FY22.

Moreover, the company managed to break even on adjusted earnings before interest, taxes, depreciation, and amortisation (Ebitda) during the quarter