Zomato Q3 net loss widens to Rs 346.6 crore

Online food delivery platform Zomato Ltd on Thursday reported a widening of consolidated net loss at Rs 346.6 crore in the third quarter ended December 31, 2022 impacted by higher expenses and slowdown in food delivery business.

The company had posted a consolidated net loss of Rs 67.2 crore in the same quarter last fiscal, Zomato Ltd said in a regulatory filing.

Consolidated revenue from operations during the quarter under review stood at Rs 1,948.2 crore. It was at Rs 1,112 crore in the corresponding period a year ago, it added.