positive
Zomato posts strong profit surge as operational metrics strengthen in Q3FY24
Zomato reported a 283 percent rise in net profit to ₹138 crore for Q3FY24, supported by 69 percent year-on-year revenue growth across delivery, B2B and dining segments. Management highlighted efficiency improvements, reduced delivery costs and increased order frequency as key contributors. Analysts noted that the company continued to consolidate leadership across urban markets while expanding reach in smaller cities.
Market participants reacted positively to the earnings update as it reflected ongoing improvements in unit economics. Institutional investors monitored sustainability of quarterly performance indicators and strategic execution.
positive
Zomato posts strong profit surge as operational metrics strengthen in Q3FY24
Zomato reported a 283 percent rise in net profit to ₹138 crore for Q3FY24, supported by 69 percent year-on-year revenue growth across delivery, B2B and dining segments. Management highlighted efficiency improvements, reduced delivery costs and increased order frequency as key contributors. Analysts noted that the company continued to consolidate leadership across urban markets while expanding reach in smaller cities.
Market participants reacted positively to the earnings update as it reflected ongoing improvements in unit economics. Institutional investors monitored sustainability of quarterly performance indicators and strategic execution.
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Zomato posted a 283 percent profit jump to ₹138 crore in Q3FY24, driven by strong revenue growth and operational improvements.
Zomato reported a 283 percent rise in net profit to ₹138 crore for Q3FY24, supported by 69 percent year-on-year revenue growth across delivery, B2B and dining segments. Management highlighted efficiency improvements, reduced delivery costs and increased order frequency as key contributors. Analysts noted that the company continued to consolidate leadership across urban markets while expanding reach in smaller cities.
Market participants reacted positively to the earnings update as it reflected ongoing improvements in unit economics. Institutional investors monitored sustainability of quarterly performance indicators and strategic execution.
Zomato reported a 283 percent rise in net profit to ₹138 crore for Q3FY24, supported by 69 percent year-on-year revenue growth across delivery, B2B and dining segments. Management highlighted efficiency improvements, reduced delivery costs and increased order frequency as key contributors. Analysts noted that the company continued to consolidate leadership across urban markets while expanding reach in smaller cities.
Market participants reacted positively to the earnings update as it reflected ongoing improvements in unit economics. Institutional investors monitored sustainability of quarterly performance indicators and strategic execution.
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Zomato
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