Zomato's loss narrows to Rs 67.2 crore in Dec quarter, revenue jumps to Rs 1,112 crore
Zee News
Zomato Ltd has reported narrowing of a consolidated net loss to Rs 67.2 crore for the third quarter ended December 31, 2021.
New Delhi: Online food delivery platform Zomato Ltd on Thursday reported narrowing of a consolidated net loss to Rs 67.2 crore for the third quarter ended December 31, 2021, on the back of better revenue growth.
The company, which had posted a consolidated net loss of Rs 352.6 crore in the same quarter last fiscal, said it is updating the upper limit of its potential investments in the food delivery category to USD 400 million cash over the next two years.
Its consolidated revenue from operations during October-December 2021 stood at Rs 1,112 crore as against Rs 609.4 crore in the year-ago period, Zomato said in a regulatory filing.
