Zomato posts 3rd straight quarter of profit, revenue up 79%

By Dimple Gehlot Published on February 8, 2024, 15:24 IST

Zomato released its Q3 financial results today, showing a significant increase in net profit, which amounted to ₹138 crore compared to ₹36 crore in the previous quarter, a growth of 283% QoQ.

Revenue surged by 79% to reach ₹3,288 crore, a substantial rise from ₹1,948 crore in the same period last year.

EBITDA for the quarter stood at ₹51 crore, a marked improvement from the EBITDA loss of ₹366 crore year-on-year. The EBITDA margin was reported at 1.5%.

In addition, the Quick Commerce Revenue witnessed a substantial growth, reaching ₹664 crore, compared to ₹301 crore in the previous year.

Zomato Zomato Q3

Dimple Gehlot

Dimple Gehlot is an undergraduate student looking forward to making a career in Journalism. She is passionate about content-writing and looks forward to learning new things every day. Dimple is currently working as a journalist at BusinessUpturn.com and can be contacted at [email protected].