Zomato Q2 Results: Net loss narrows to Rs 251 crore; revenue jumps 62% YoY

Zomato Ltd’s consolidated net loss for the September quarter narrowed to Rs 251 crore from Rs 430 crore a year ago. Revenue from operations increased by 62.2% YoY to Rs 1,661 crore.

Zomato completed the acquisition of Blinkit in August. Hence, the earnings include about 50 days of Blinkit’s financials in the consolidated numbers, it said. Adjusted for Blinkit, the revenue grew 48% YoY, which translates to annualized revenue of $ 1.05 billion.