Zomato Records Rs 138 Crore Net Profit in Q3 Vs Rs 347 Crore Loss YoY

Zomato Records Rs 138 Crore Net Profit in Q3 Vs Rs 347 Crore Loss YoY
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Zomato Q3 results. (Photo Credits: iStock)

Zomato Q3 results. (Photo Credits: iStock)

Zomato’s total expenses were higher at Rs 3,383 crore; the same was Rs 2,485 crore in the corresponding period a year ago

Zomato Ltd, an online food delivery company, on Thursday posted a consolidated net profit of Rs 138 crore in the third quarter ended December 2023. Its consolidated revenue from operations during October-December 2023 stood at Rs 3,288 crore, compared with Rs 1,948 crore in the year-ago period.

Zomato’s consolidated net loss had stood at Rs 347 crore in the corresponding quarter last year, according to a regulatory filing.

Its total expenses were higher at Rs 3,383 crore. The same was Rs 2,485 crore in the corresponding period a year ago, the company said.

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