The company reported adjusted revenue growth of 26 per cent year on year to Rs 1,160 crores for the reported quarter. It had reported revenue of Rs 920 crores in Q4FY21.
Revenue growth was largely on the back of growth in core food delivery business which continued to grow despite the severe COVID wave starting April.
The dining-out business suffered in the June quarter because of the second wave of the pandemic and localized lockdowns. Revenues of the dining-out segment decline sequentially.
The company considers Adjusted Revenue as revenue from operations as per financials plus customer delivery charges.
Adjusted EBITDA
On the operating front, the company adjusted earnings before interest, tax, depreciation and amortization rose to around Rs 170 crores from Rs 120 crores in the Q4FY21.
The company considers Adjusted EBITDA as EBITDA less share-based payment expense.
Net Loss
The company reported a consolidated net loss of Rs. 356.2 crore for the quarter ended June as against Rs. 99.8 crore in the year-ago quarter.
The reported net loss is higher than the adjusted EBITDA loss in the quarter to account for the non-cash expenses on the employee stock option scheme, which rose sharply on account of significant ESOP grants made in the quarter.
Zomato reported an employee benefits expense of Rs 390.7 crore in Q1FY22 against Rs 191.7 crore in Q4FY21.
India food delivery business
The company recorded its highest-ever gross order value, number of orders, transacting users and active delivery partners in its history.
The gross order value of the Indian food delivery business grew more than four-fold year on year to Rs. 4,540 crores in the reported quarter. The sequential growth in gross order value was at 37 per cent. Its food-delivery gross order value was Rs 3,310 crore in the preceding three months.
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