Zomato reports profit at Rs 36 cr in Q2, revenue up 71% to Rs 2,848 cr

Zomato on Friday reported its second consecutive quarter of consolidated net profits at Rs 36 crore during the second quarter (Q2) of financial year 2023-24 (FY24), up from Rs 2 crore in Q1. The company had reported a net loss of Rs 251 crore during the corresponding period last year.

Zomato’s revenue from operations rose 71 per cent year-on-year (Y-o-Y) to Rs 2,848 crore in Q2 from Rs 1,661 crore a year ago. It had reported a revenue of Rs 2,416 crore during the previous quarter.