Zomato Q2 Results FY2023, Net loss at Rs. 251 crores

Zomato Q2 Results FY2023
Zomato Q2 Results FY2023

by Shreya Anaokar Last Updated: Dec 12, 2022 - 08:16 pm 12.6k Views
Listen icon

On 10th November 2022, Zomato announced its quarterly results for the second quarter of FY2023.

Q2FY23 Performance updates:

- Revenue from operations increased by 62.2% YoY to Rs 1,661 crore
- The company’s adjusted EBITDA loss increased to Rs 192 crore in Q2FY23, on account of the consolidation of quick commerce losses.
- Consolidated net loss was Rs 251 crore


Zomato Q2FY2023: Zomato Shares Zoom 13% post Strong Q2 Results: 


Business Highlights:

- For the food delivery business, the gross order value (GOV) growth was 3 percent QoQ and 23 percent YoY, driven by growth in both order volumes and average order value. 
- Growth in revenue per order led to a higher adjusted revenue (for food delivery) growth of 8 percent QoQ and 27 percent YoY.

Commenting on the results, Deepinder Goyal, Managing Director & CEO, Zomato said: "While our food delivery business has been growing and steadily moving towards profitability, I believe there is room for the business to grow much faster than what it is currently trending at. As far as quick commerce is concerned, we haven’t seen any/much slowdown in the business. I know that most investors currently ascribe zero value to the Blinkit business, and that’s understandable. But I am confident this will change in due course of time".

Share Market Today

How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Shreya Anaokar is a Content Writer at 5paisa. She has completed her Master’s in Finance and Graduation in Statistics from the University of Mumbai. 


Investment/Trading is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
What you must know about M.V.K. Agro Food IPO?

M.V.K. Agro Food Product IPO was incorporated in the year 2018 to manufacture integrated sugar and other related products. M.V.K.

Juniper Hotels IPO Subscribed 2.08 times

The stock of Juniper Hotels IPO has a face value of ₹10 per share and the price band for the book building IPO has been set in the range of ₹342 to ₹360 per share. The IPO of Juniper Hotels Ltd will entirely a fresh issue of shares with no offer for sale (OFS) component.

Esconet Technologies IPO Lists 245.24% higher, but closes at -5% lower circuit

Bumper listing for Esconet Technologies IPO, then lower circuit