Zomato Q3 Results: Net profit at ₹138 crore, revenue up 69% YoY

The online food delivery platform’s revenue from operations in the third quarter of current fiscal came in at ₹3,288 crore, registering a growth of 69 per cent, compared to ₹1,948 crore in the year-ago period.

The total expenses were higher at ₹3,383 crore, compared to ₹2,485 crore in the corresponding period a year ago, the company said. Revenue from its mainstay food delivery business grew 48 per cent for the quarter, while revenue from its quick commerce division more than doubled.

Consumers ordered more food from restaurants during the men’s Cricket World Cup, which took place between October 5 and November 19. This, coupled with the festive season, when Zomato bring in a majority share of their yearly sales, helped boost its topline.

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Published: 08 Feb 2024, 03:25 PM IST