Zomato Reports Rs 138 Crore Net Profit in Q3
Feb 08, 2024 15:24
Zomato posted a net profit of Rs 138 crore in the December quarter, a significant turnaround from a loss of Rs 347 crore in the same period last year. Revenue also grew significantly.
Photograph: Francis Mascarenhas/Reuters
New Delhi, Feb 8 (PTI) Online food delivery firm Zomato Ltd on Thursday reported a consolidated net profit of Rs 138 crore in the December quarter.
The company had posted a consolidated net loss of Rs 347 crore in the same quarter last fiscal, Zomato Ltd said in a regulatory filing.
Consolidated revenue from operations in the third quarter of the ongoing fiscal stood at Rs 3,288 crore as against Rs 1,948 crore a year ago, it added.
Total expenses were higher at Rs 3,383 crore. The same was Rs 2,485 crore in the corresponding period a year ago, the company said.
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