Zomato posts first quarterly profit since 2021 listing
Zomato reported a profit of 20 million rupees ($241,861.37) for the quarter ended June 30.
Published Date - 3 August 2023, 05:26 PM
Mumbai: India’s food delivey aggregator Zomato reported its first quarterly profit on Thursday, helped by a tax gain and strong orders on its food delivery and quick commerce platforms.
The company reported a profit of 20 million rupees ($241,861.37) for the quarter ended June 30.
Zomato, which also runs grocery delivery service Blinkit, said consolidated revenue from operations rose 70.9% to 24.16 billion rupees in the first quarter.
That beat analysts average estimate of 22.86 billion rupees, according to Refinitiv IBES data.
