Zomato Q3 results: Net profit rises 283% to Rs 138 crore, revenue up 69%
Food aggregator platform Zomato reported its third consecutive quarter of consolidated net profit at Rs 138 crore in the third quarter (Q3) of 2023-24 (FY24), up from Rs 36 crore a quarter ago. The company reported a loss of Rs 347 crore during the corresponding period last year. The results were also ahead of analyst expectations on both revenue and net profit fronts.
Zomato’s revenue from operations rose 69 per cent year-on-year (Y-o-Y) to Rs 3,288 crore in Q3, up from Rs 1,948 crore a year ago. It had reported revenue of Rs 2,848 crore in the previous quarter.