Zomato Q3 results: Net loss widens to ₹346.6 cr, revenue rises 75%
Foodtech giant Zomato Ltd’s consolidated loss widened to ₹346.6 crore on-year for the quarter ended December (Q3FY23) as against a loss of ₹63 crore in the year-ago period. The online food delivery platform had posted a net loss of ₹250.8 crore in the previous September quarter.
Revenue from operations rose 75% to ₹1,948 crore for the December quarter as compared to ₹1,112 crore in the corresponding period of last year.
Adjusted revenue – on a year-on-year basis — saw a 66% growth to ₹2,363 crore.
On Thursday, Zomato shares closed 0.55% higher at ₹54.60 apiece on NSE.
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Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.