In the April-June quarter of 2024-25, Zomato, the food delivery aggregator, recorded a substantial surge in its consolidated net profit to ₹253 crore, a significant increase from ₹2 crore in the corresponding period of the previous year.
In the first quarter of this fiscal, Zomato’s revenue from operations soared by over 74% to ₹4,206 crore, up from ₹2,416 crore in the April-June period of last year, as reported in a regulatory filing by the company. During the quarter being analyzed, total expenses escalated to ₹4,203 crore, up from ₹2,612 crore recorded in the previous year.
Zomato’s Chief Financial Officer, Akshant Goyal, communicated in a letter to shareholders that the gross order value (GOV) growth for its B2C businesses (food delivery, quick commerce, and Going-out) surged to 53% YoY (14% QoQ) to Rs15,455 crore.
“On the profitability front, consolidated Adjusted EBITDA increased by Rs 287 crore YoY to Rs 299 crore in Q1FY25 driven by margin expansion in all the four businesses. Business turned Adjusted EBITDA positive exactly one year ago (in Q1FY24), and within a year we are now at an annualised profit of about ₹1,200 crore,”
– Akshant Goyal
Zomato Share Price Hit all time high today. current Zomato share price is Rs 237. what will be the Zomato share price target for 2025 ?? please Tell me in comment.
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