Zomato Q1 results: Consolidated loss narrows to ₹186 cr, revenue rises over 67%

A delivery worker of Zomato, an Indian food-delivery startup, prepares to leave to pick up an order from a restaurant in Mumbai. (REUTERS) — A delivery worker of Zomato, an Indian food-delivery startup, prepares to leave to pick up an order from a restaurant in Mumbai. **(REUTERS)**

1 min read . Updated: 01 Aug 2022, 05:52 PM IST Livemint

Zomato Q1 results: Analysts expected the Gurgaon-based company's net loss to contract to ₹315 crore in Q1FY23

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Online food delivery platform Zomato narrowed its consolidated loss to ₹185.7 crore in the quarter ending June 30, 2022 (Q1FY23) period compared to a loss of ₹356.2 crore in the same quarter last year. The company had posted a loss of ₹359.7 crore in the preceding quarter. These losses were attributable to the owners of the company.

Analysts expected the Gurgaon-based company's net loss to contract to ₹315 crore in Q1FY23.

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