Zomato shares jump 9% as Q1 loss narrows
Zomato share price currently trades 70% lower than its life-time high of ₹169.10 touched in November last year
Zomato share price currently trades 70% lower than its life-time high of ₹169.10 touched in November last year
The food ordering app's stock jumped 15% to ₹65.95 apiece on the National Stock Exchange (NSE).
The food ordering app's revenue from operations jumped 75% year-on-year to ₹1,211.8 crore in the January-March period.
Zomato shares continued to slide for the fourth consecutive session to hit a new low of ₹75.75 in the intraday trade.
Zomato's consolidated net loss shrank to ₹63.2 crore in Q3 FY22 compared with ₹429.6 crore in the previous quarter.