Business Standard

Monday, December 23, 2024 | 12:25 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Zomato Q2 results: Consolidated net loss widens to Rs 435 cr

Consolidated revenue from operations rose 140% to Rs 1,024 cr; food delivery platform says the delivery cost per order increased by Rs 5 per order in Q2

Zomato
Premium

Zomato said it has 1.5 million members and over 25,000 restaurant partners in India as at the end of Q2FY22

BS Web Team
Zomato Ltd on Wednesday reported quarterly revenue that more than doubled as orders on its food delivery business zoomed, while higher expenses caused losses to balloon.

Zomato's consolidated net loss widned to Rs 435 crore for the quarter ending September 30, 2021. The company had reported consolidated net loss of Rs 230 crore in the year-ago period. 

Consolidated revenue from operations rose 140% to Rs 1,024 crore as against Rs 426 crore in Q2FY21.

"Why did our losses go up? This was due to investments in the growth of our food delivery business. Three reasons to be specific – a) increased spending on
Topics : Zomato

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in