Zomato Records Turnaround Q4 Net Profit And Revenue Surges 73 24 Percent

Top Stories

Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

Stock chart

Zomato Records Turnaround Q4 Net Profit; Revenue Surges 73.24%

ri-calendar-2-lineMay 14, 2024

By: BlinkX Research Team

FbkFbkTwitterTelegram

Online food delivery platform on Monday reported a consolidated net profit of 175 crore rupees in Q4 FY24 against a net loss of 188 crore rupees posted in Q4 FY23. Sequentially, revenue for the fourth quarter ending March 2024 soared 73.24% to 3,562 crore rupees compared to 2,056 crore rupees reported in the corresponding quarter last year. 

 

Key Takeaways from Zomato’s Performance:

 

  • Q4 FY24 consolidated net profit stood at 175 crore rupees against a net loss of 188 crore rupees in Q4 FY23.
  • Revenue from operations for the current quarter skyrocketed 73.24% to 3,562 crore rupees.
  • EBITDA for the quarter stood at 194 crore rupees.
  • Average monthly transacting customers rose 14.45% to 19 million in Q4 FY24.

 

Additionally, adjusted revenue rose 6% on quarter and 61% on year to 3,873 crore rupees in Q4 FY24 up 6% QOQ and 61% on year.

 

The platform’s EBITDA for the quarter stood at 194 crore rupees. Apart from that, the average monthly transacting customers rose 14.45% to 19 million in Q4 FY24, witnessing a growth of 33.98% on year.

 

Commenting on the performance, Zomato’s Co-Founder and CEO, Deepindra Goyal said, “We are just grateful for the bet that we took on Blinkit worked out just fine and we are not at a point where Akshant and I are getting fired for an expensive acquisition gone wrong. We are also grateful to our Board, for believing in the distant bet we were taking at that time, and helping us bring it all together quickly over the last few quarters.” 

 

About Zomato Ltd:

 

Zomato founded in 2008, is an Indian multinational restaurant aggregator and food delivery company, founded by Deepinder Goyal and Pankaj Chaddah. Zomato provides information, menus and user reviews of restaurants as well as food delivery options from partner restaurants in more than 1,000 Indian cities and towns, as of 2022–23. The company also provides a one-stop procurement solution, Hyperpure, which supplies high-quality ingredients and kitchen products to restaurants.

 

Read More About Zomato Ltd Share Price Here!

Related News

News Thumbnail
Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

News Thumbnail
Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

News Thumbnail
Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

News Thumbnail
Company

NBCC Arm Gets Two Construction Projects Worth Rs 443.61 Cr

4 mins read. August 2, 2024 at 12:33 PM

Related Blogs

Stock chartCommodities

Why Gold Remains a Safe Haven Amid Global Economic Shifts in 2025

0 people read

4 mins read . Sep 5, 2025

Stock chartDemat Account

Biggest Winners and Losers in MSCI: Key Movers in Global Indices 2025

0 people read

3 mins read . Aug 20, 2025

Download app

Access BlinkX
everywhere
across device

Join the Future of Trading

with BlinkX

#ItsATraderThing

Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions