Zomato reports Q4 FY24 net profit of Rs 175 crore, up from Rs 188 crore loss in Q4 FY23, with 73% YoY revenue growth.
Online food delivery platform Zomato reported a consolidated net profit of Rs 175 crore for Q4 FY24, a significant improvement from a loss of Rs 188 crore in the same period last year. However, the results missed analysts' estimates, with revenue from operations amounting to Rs 3,562 crore, a 73% year-on-year growth. The company's food delivery GOV grew by 28% on-year, driven by 5% YoY AOV growth and 23% YoV order growth.
May 13, 2024
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