 "Zomato")
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
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