Indian food delivery service Zomato reports Q3 FY23 loss of Rs 347cr

Zomato has reported a net loss of INR 3,466 million for the third quarter of the fiscal year 2023 ended 31 December 2022, compared to a net loss of INR 672 million in the same quarter of the previous fiscal year.

The Indian food delivery service had a net loss of INR 2,508 million in Q2 FY23.

Zomato’s diluted loss per share in Q3 FY23 was INR 0.42, compared to a diluted loss per share of INR 0.08 in the same quarter of the previous fiscal year.

For the nine months ended 31 December 2022, Zomato posted a net loss of INR 7,834 million, compared to a net loss of INR 8,628 crores in the nine months ended 31 December 2021.

The total income of Zomato in Q3FY23 was INR 21,216 million compared to INR 12,597 million in the corresponding quarter of the previous fiscal year.