Zomato's Q3 loss narrows to Rs 63 cr, revenue jumps 83%

Food delivery platform Zomato on Thursday reported a narrowing of its net loss at Rs 63 crore for the quarter ending December 31, 2021 helped by a gain, while revenue jumped due to increased demand for restaurant meals. It reported a net loss of Rs 353 crore in the year-ago period. 

Consolidated revenue from operations rose 83% to Rs 1,112 crore as against Rs 609 crore in the year-ago period. 

The company reported exceptional gain of Rs 316 crore during the quarter. 

The company's Gross Order Value grew by 84.5% YoY and 1.7% QoQ to Rs 5,500 crore ($733 million) in Q3FY22.

The revival