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

Zomato Q4, Net Profit Surges 27% QoQ To Rs 175 Cr

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.

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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

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