Home Food Zomato shares climb over 8 pc as firm narrows loss

Zomato shares climb over 8 pc as firm narrows loss

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New Delhi: Shares of Zomato rallied over 8 per cent in morning trade on Friday after the company announced that it has narrowed its consolidated net loss to Rs 250.8 crore in the second quarter ended September.

Zomato Stock rallies on the stock Market

The stock rose 8.05 per cent to Rs 69.10 on the BSE.

On the NSE, it rallied 8.21 per cent to Rs 69.20.

The 30-share BSE Sensex benchmark was trading 1,016.73 points higher at 61,630.43.

Online food delivery platform Zomato said that its consolidated net loss narrowed to Rs 250.8 crore in the second quarter ended September 30.

The company’s consolidated net loss stood at Rs 434.9 crore in the year-ago period.

Revenue from operations increased to Rs 1,661.3 crore during the July-September quarter against Rs 1,024.2 crore in the corresponding period of the previous financial year, it said in a regulatory filing.