.Agent imageFood delivery provider Zomato on Tuesday disclosed 389% growth in its consolidated net income at Rs 176 crore in the second one-fourth, compared to Rs 36 crore a year ago. Having said that, the dab skipped the Street estimate of Rs 260 crore.Revenue from procedures rose 68% year-on-year (YoY) to Rs 4,799 crore in the stating period.The bottomline development was driven through a stable boost in meals delivery frames and quick commerce company continuing to stay around break-even. Readjusted EBITDA for the reporting quarter likewise increased multifold to Rs 331 crore against Rs 41 crore in the exact same time period last year.The gross purchase value (GOV) development around the B2C services boosted to 55% YoY to Rs 17,670 crore in Q2FY25. On a like-for-like manner (excluding the effect of the acquisition of Paytm's home entertainment ticketing service) GOV development was 53% YoY.Segment-wise, the meals shipping business clocked adjusted earnings growth of 21% YoY to Rs 2,340 crore. The GOV for the section advanced 21% YoY to 9,690 crore.Adjusted EBITDA for the segment jumped 137% YoY to Rs 341 crore. Frames for the food items shipment service enhanced to 3.5% in the second fourth versus 2.6% a year earlier.
Posted On Oct 22, 2024 at 03:48 PM IST.
Sign up with the area of 2M+ industry experts.Sign up for our newsletter to get most current ideas & evaluation.
Download ETRetail App.Obtain Realtime updates.Save your much-loved write-ups.
Browse to download Application.