Zomato records first ever quarterly profit of ₹2 crore
India’s 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.
($1 = 82.6920 Indian rupees)
Atul Tiwari is a seasoned journalist at Mumbai Times, specializing in city news, culture, and human-interest stories. With a knack for uncovering compelling narratives, Atul brings Mumbai’s vibrant spirit to life through his writing.
