The company reported a loss of â¹347 crore during the corresponding period last year. The results were also ahead of analyst expectations on both revenue and net profit fronts.
Zomato's revenue from operations rose 69 per cent year-on-year (Y-o-Y) to â¹3,288 crore in Q3, up from â¹1,948 crore a year ago. It had reported revenue of 2,848 crore in the previous quarter.
Total expenses for the Gurugram-based food delivery firm increased to â¹3,383 crore in the quarter ended September, up from â¹3,039 crore a quarter ago and 2,485 crore a year ago.
Zomato's adjusted earnings Ads take Blinkit past efore interest, tax, depreciation, and amortisation (Ebitda), Zomato's delivery business including its quick-commerce business Blinkit, were positive for the third quarter in a row at â¹125 crore, compared to â¹41 crore in the second quarter (Q2) of FY24.
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7 flights get bomb threats in 24 hours
Seven flights, including one bound for the US, received bomb threats through a social media handle on Tuesday, prompting security agencies to undertake specific counter-terrorist drills at various airports.
Avaada Energy closes â¹597 crore refinancing for its solar projects
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Geopolitics is impacting the energy sector with crude oil prices falling below $70/barrel (bbl) last month for the first time since December 2021. And, gross refining margins (GRMs) have collapsed to $2/bbl, due to weak demand from China.
