Results from Zomato Q3: Loss expands to Rs 347 crore, while sales increase by 75% year over year

Zomato slipped deeper into the red in the December quarter, as the company posted a consolidated net loss of Rs 347 core compared with a loss of Rs 63 crore a year ago and Rs 251 crore a quarter ago.

However, consolidated revenue from operations surged 75% on year to Rs 1,948 crore.

At the standalone level, however, the online food delivery aggregator’s performance further improved, with the company posting a net profit of Rs 62 crore against a loss of Rs 99.3 crore a year ago. Sequentially, the net profit has risen 5 times.

Standalone revenue increased 26.5% on-year and 1% sequentially to Rs 1,191 crore.