Zomato Q4 Result
Zomato Q4 Result: Zomato made a net profit of Rs 138 crore in the March 2024 quarter, while it made a net profit of Rs 138 crore in the March 2023 quarter.
Zomato Share Price: Online food delivery platform Zomato has reported profit for the fourth consecutive quarter.
The company has today presented the results for the last quarter of the last financial year 2023-24, January-March 2024.
The company has made a net profit of Rs 175 crore in the March quarter whereas the company had a net loss of Rs 188 crore in the same quarter last year and a net profit of Rs 138 crore in the December 2023 quarter.
Before the results came out, the shares of Zomato had reached a record high and then at the time of the results coming out on the exchange, it went down but then suddenly there was a sharp recovery, that is, the shares went on a roller coaster.
Shares of Zomato had reached a record high of Rs 207.30 in intra-day today but then fell to Rs 186.90. At the end of the day, it closed at Rs 197.00 on BSE with a weakness of 2.18 percent.
Highlights of Zomato Q4 Result
Zomato had a net profit of Rs 138 crore in the March 2024 quarter, while it had a net profit of Rs 138 crore in the March 2023 quarter. During this period, the company's revenue jumped by more than 73 percent to Rs 3562 crore.
In the March quarter, the company's expenditure on advertising and sales promotion as well as delivery and related charges has increased.
According to the information given in the exchange filing, Zomato spent about 29 percent more i.e. Rs 389 crore on ad and sales promotion in the March quarter on an annual basis.
At the same time, the company's consolidated expenses on delivery and related charges jumped by more than 55 percent during this period to reach Rs 1118 crore.
Shares had reached record high before the results
Zomato shares had reached a record high of Rs 207.30 before the results were announced today.
Last year, on May 12, 2023, it was at a one-year low of Rs 61.61, that is, in just one year, it increased the investors' money by more than 236 percent, that is, the investors' capital increased more than three times in a year.