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Zomato’s consolidated net loss widens to Rs 347 crore in Q3

10 Feb 2023 Evaluate

Zomato has reported results for third quarter ended December 31, 2022 (Q3FY23).

The company has reported net profit at Rs 61.60 crore for the quarter under review as compared to net loss of Rs 99.30 crore for the same quarter in the previous year. Total income of the company increased 30.38% at Rs 1416.30 crore for Q3FY23 as compared to Rs 1086.30 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net loss at Rs 346.60 crore for the quarter under review as compared to net loss of Rs 67.20 crore for the same quarter in the previous year. However, total income of the company increased 68.42% at Rs 2121.60 crore for Q3FY23 as compared to Rs 1259.70 crore for the corresponding quarter previous year.

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