<p>New Delhi: Snapdeal's has seen its consolidated loss after tax narrow to Rs 282.2 crore for FY23, from Rs 510 crore in previous year, according to a statutory filing.</p>.<p>As per the company's RoC filing, the total income fell to Rs 388.1 crore in FY23, from Rs 563.5 crore in the previous fiscal (FY22).</p>.<p>"The focus on profitability and long-term sustainability of the business yielded results with adjusted EBITDA loss reducing to Rs 144 crore in FY2022-23, from Rs 419 crore in FY2021-22," the filing said.</p>.<p>The loss reduction measures also led to revenue decreasing to Rs 388 crore in FY2022-23 from Rs 564 crore in FY2021-22, it added.</p>.Shares dip to cap stellar year; Treasuries end volatile 2023 flat.<p>"In the past fiscal year, the company continued its well-defined focus on the value segment, coupled with a steadfast commitment to staying on the path towards reaching profitability," the filing said.</p>.<p>The company said it has implemented several enhancements to its operations.</p>.<p>"These focused on improving selection and delivery experiences, optimising cost and minimising returns. These initiatives resulted in significant improvements in our profit and loss statement...," it added.</p>
<p>New Delhi: Snapdeal's has seen its consolidated loss after tax narrow to Rs 282.2 crore for FY23, from Rs 510 crore in previous year, according to a statutory filing.</p>.<p>As per the company's RoC filing, the total income fell to Rs 388.1 crore in FY23, from Rs 563.5 crore in the previous fiscal (FY22).</p>.<p>"The focus on profitability and long-term sustainability of the business yielded results with adjusted EBITDA loss reducing to Rs 144 crore in FY2022-23, from Rs 419 crore in FY2021-22," the filing said.</p>.<p>The loss reduction measures also led to revenue decreasing to Rs 388 crore in FY2022-23 from Rs 564 crore in FY2021-22, it added.</p>.Shares dip to cap stellar year; Treasuries end volatile 2023 flat.<p>"In the past fiscal year, the company continued its well-defined focus on the value segment, coupled with a steadfast commitment to staying on the path towards reaching profitability," the filing said.</p>.<p>The company said it has implemented several enhancements to its operations.</p>.<p>"These focused on improving selection and delivery experiences, optimising cost and minimising returns. These initiatives resulted in significant improvements in our profit and loss statement...," it added.</p>