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Zomato’s consolidated net loss narrows to Rs 186 crore in Q1

02 Aug 2022 Evaluate

Zomato has reported results for first quarter ended June 30, 2022.

The company has reported net loss of Rs 138.10 crore for the quarter under review as compared to net loss of Rs 290.80 crore for the same quarter in the previous year. However, total income of the company increased by 57.47% at Rs 1,304.30 crore for Q1FY23 as compared Rs 828.30 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net loss of Rs 186 crore for the quarter under review as compared to net loss of Rs 360.70 crore for the same quarter in the previous year. However, total income of the company increased by 72.59% at Rs 1,582 crore for Q1FY23 as compared Rs 916.60 crore for the corresponding quarter previous year.

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