Zomato Q2 net loss narrows to Rs 250.8 cr

Online food delivery platform Zomato on Thursday reported narrowing of its consolidated net loss to Rs 250.8 crore for the second quarter ended September 2022.

The company’s consolidated net loss stood at Rs 434.9 crore in the year-ago period.

Revenue from operations increased to Rs 1,661.3 crore during the July-September quarter, as against Rs 1,024.2 crore in the corresponding period of the previous financial year, it said in a regulatory filing.

The company said this is the first quarter where it has crossed the billion dollar annualised revenue mark.

However, its total expenses also rose to Rs 2,091.3 crore during the quarter under review, from Rs 1,601.5 crore a year ago.