Home / Companies / Results / Zomato net loss narrows to Rs 251 crore in Q2, revenue jumps 62%

Zomato net loss narrows to Rs 251 crore in Q2, revenue jumps 62%

This is the first quarter where the food aggregator crossed the billion-dollar mark in annualized revenue, Zomato revealed

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3 min read Last Updated : Nov 10 2022 | 11:38 PM IST

Food delivery aggregator Zomato's net loss narrowed to Rs 251 crore for the September quarter, compared to Rs 429.6 crore in the corresponding period of the previous financial year.

The company also revealed this is the first quarter where they crossed the billion-dollar mark in annualised revenue.

The revenue increased 62.2 per cent to Rs 1,661 crore as against Rs 1,024 crore during the year-ago period.

The total adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) loss increased to Rs 192 crore in Q2FY23 compared to Rs 150 crore in Q1FY23. Adjusted Ebitda loss was Rs 60 crore for

Topics : Stock Market Zomato Q2 results share market stock market trading BSE NSE BSE NSE equity Markets Sensex Nifty Equity earnings

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