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PAT skyrockets 389% YoY to Rs 176 crore profits zooms 68%, ET Retail

.Agent imageFood delivery company Zomato on Tuesday disclosed 389% development in its combined internet revenue at Rs 176 crore in the second one-fourth, compared with Rs 36 crore a year back. However, the dab overlooked the Road estimate of Rs 260 crore.Revenue from functions increased 68% year-on-year (YoY) to Rs 4,799 crore in the stating period.The bottomline development was steered by a steady increase in meals distribution margins and also simple trade service continuing to remain near break-even. Changed EBITDA for the mentioning one-fourth also climbed many to Rs 331 crore versus Rs 41 crore in the exact same time frame last year.The gross order worth (GOV) growth throughout the B2C businesses strengthened to 55% YoY to Rs 17,670 crore in Q2FY25. On a like-for-like manner (leaving out the effect of the acquisition of Paytm's home entertainment ticketing business) GOV growth was 53% YoY.Segment-wise, the food items shipping service clocked adjusted profits growth of 21% YoY to Rs 2,340 crore. The GOV for the section progressed 21% YoY to 9,690 crore.Adjusted EBITDA for the segment jumped 137% YoY to Rs 341 crore. Scopes for the food items shipping company strengthened to 3.5% in the second one-fourth against 2.6% a year back.
Posted On Oct 22, 2024 at 03:48 PM IST.




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