 "Zomato")
Online food delivery platform Zomato on Monday reported that its consolidated net loss widened to Rs 360 crore in the quarter ending March 31, 2022 as expenses nearly doubled. The company reported net loss of Rs 134 crore in the year-ago period.
Consolidated revenue from operations rose 75% to Rs 1,212 crore as against Rs 692 crore in Q4FY21. Total expenses during the fourth quarter rose to Rs 1,701.7 crore as against Rs 885 crore earlier, the company said.
On Monday, the company's scrip on BSE closed 2% lower at Rs 56.80.
"Average monthly transacting customers were at an all
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