Zomato Turns Profitable, Reports First-Ever Quarterly Gain

Benglauru:

Zomato reported its first quarterly profit on Thursday, helped by a tax gain and strong orders on its food delivery and quick commerce platforms.

The company reported a profit of Rs 2 crore for the quarter ended June 30.

Zomato, which also runs grocery delivery service Blinkit, said consolidated revenue from operations rose 70.9% to Rs 2,416 crore in the first quarter.

That beat analysts average estimate of Rs 2,286 crore, according to Refinitiv IBES data.

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