Zomato Q3 Results out, Net profit stood at Rs 138 crore
The company’s gross order value rose to 6.3 percent quarter-on-quarter and 27 percent year-on-year to Rs 8,486 crore.
Food delivery Partner Zomato has announced its quarterly results for the October to December period which show consolidated net profit standing at Rs 138 crore as against Rs 36 crore in the September Quarter. The shares of the company rose above 3% to Rs 145.05 on BSE. The consolidated adjusted revenue was up 53 percent Year on Year basis standing at Rs 3,609 crore. Annualized Adjusted EBITDA profit is now Rs 1000 plus crore.
The revenue from operations in the third quarter of the current fiscal stood at Rs 3,288 crore witnessing a growth of 69 percent as against Rs 1,948 crore in the previous year.
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The total expenses got higher at Rs 3,383 crore compared to Rs 2,485 crore in the corresponding period of the previous fiscal year. Meanwhile, revenue from its mainstay food delivery business grew 48 percent for the quarter.
The company’s gross order value rose to 6.3 percent quarter-on-quarter and 27 percent year-on-year to Rs 8,486 crore. The improving margins have been driven by factors like greater ad monetization and the introduction of platform fees.
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