Zomato Q4, Net Profit Surges 27% QoQ To Rs 175 Cr
The company also said that its quick-commerce vertical Blinked turned adjusted EBITDA positive in March 2024
Online Food Delivery Partner Zomato has announced its Q4 results with consolidated profit after tax (PAT) surged to 26.8% to Rs 175 Cr in the quarter ended March 31 (Q4) of the financial year 2023-24 (FY24) against Rs 138 Cr in the preceding quarter.
Q4 was the fourth consecutive profitable quarter for the food-tech giant and it had posted a net profit of Rs 36 Cr in Q2 FY24 and Rs 2 Cr in Q1. In terms of the complete financial year, Zomato’s PAT stood at Rs 351 Cr as against a loss of Rs 971 Cr in FY23.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
The company’s operating revenue jumped to Rs 3,562 Cr in Q4 FY24 from Rs 3,288 Cr in Q3 FY24. It was significantly 73% higher than the operating revenue of Rs 2,056 Cr it posted in Q4 FY23.
The company also said that its quick-commerce vertical Blinked turned adjusted EBITDA positive in March 2024
Read Also : Power Grid’s arm Power Grid Raipur Pool Dhamtari Transmission Ltd, commences operation successfully