Zomato posts first quarterly profit since 2021 listing

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Zomato reported a profit of 20 million rupees ($241,861.37) for the quarter ended June 30.

Zomato profitsZomato, which also runs grocery delivery service Blinkit, said consolidated revenue from operations rose 70.9% to 24.16 billion rupees in the first quarter. (zomato @zomato/Twitter)

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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.

First published on: 03-08-2023 at 17:15 IST



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