Zomato shares increase over 8% as the company narrows its loss

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After Zomato disclosed that its consolidated net loss for Q2 of FY23 was reduced to Rs 250.8 crore, shares of Zomato increased by more than 8% in morning trading on Friday. On the BSE, the stock increased 8.05% to Rs 69.10.

It increased 8.21% to Rs 69.20 on the NSE. The benchmark 30-share BSE Sensex index was up 1,016.73 points at 61,630.43. Online food delivery service Zomato announced on Thursday that its consolidated net loss for the second quarter ended September 30 shrunk to Rs 250.8 crore. The company’s overall net loss for the prior fiscal year was Rs 434.9 crore.

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Zomato shares increase over 8% as the company narrows its loss

After Zomato disclosed that its consolidated net loss for Q2 of FY23 was reduced to Rs 250.8 crore, shares of Zomato increased by more than 8% in morning trading on Friday. On the BSE, the stock increased 8.05% to Rs 69.10.

It increased 8.21% to Rs 69.20 on the NSE. The benchmark 30-share BSE Sensex index was up 1,016.73 points at 61,630.43. Online food delivery service Zomato announced on Thursday that its consolidated net loss for the second quarter ended September 30 shrunk to Rs 250.8 crore. The company’s overall net loss for the prior fiscal year was Rs 434.9 crore.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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