Zomato turns black in Q1
Date: 03-08-2023Zomato has reported results for first quarter ended June 30, 2023 (Q1FY24).
The company has reported net profit at Rs 276 crore for the quarter under review as compared to net loss of Rs 138 crore for the same quarter in the previous year. Total income of the company increased by 23.16% at Rs 1606 crore for Q1FY24 as compared Rs 1304 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported net profit of Rs 2 crore for the first quarter ended June 30, 2023 as compared to net loss of Rs 186 crore for the same quarter in the previous year. Total income of the company increased by 64.16% at Rs 2597 crore for Q1FY24 as compared Rs 1582 crore for the corresponding quarter previous year.