Last Updated on 02/08/2024 by wccexam Desk
It was exactly a year ago, when for the first time, the food delivery company ZOMATO recovered from losses and turned profitable. The company made a profit of only Rs 2 crore, after which various types of memes started going viral on social media. Some users even advised Zomato CEO Deepinder Goyal that he should have taken this much from me. However, today the company’s fortunes have changed and Zomato has recorded record-breaking profits.
Zomato released its June quarter results for FY 2025 on Thursday, under which the company has made record-breaking profits. The company told the exchange that its profit has increased by 12550% in the first quarter of the current financial year. The company’s profit has increased from Rs 2 crore to Rs 253 crore. The consolidated earnings of the company have increased from Rs 2416 crore to Rs 4206 crore annually.
Zomato shares rise sharply
Meanwhile, Zomato’s shares are witnessing a stormy rise. Due to record-breaking profits, Zomato’s stock rose 12 percent to cross Rs 262 on Friday even amid the market decline. It has given a return of 212 percent in the last one year.
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What is the EBITDA of the company?
The company’s EBITDA has shown a great profit on an annual basis. The company’s EBITDA has increased to Rs 177 crores as against a loss of Rs 48 crores in the same quarter last year. The company’s food delivery income has increased from Rs 186 crores to Rs 321 crores. Commerce income has increased to Rs 43 crores as against a loss of Rs 105 crores on a quarter-on-quarter basis.
This was the revenue of Zomato
On an annual basis, Zomato’s revenue has increased by about 74% to Rs 4,206 crore from Rs 1,416 crore in the previous financial year. Zomato gross order value has increased by 53 percent to Rs 15,455 crore. Blinkit’s EBITDA has been negative at Rs 3 crore. The company has added 113 stores in a year.
There will be an impact on the shares tomorrow
On the day of the results, Zomato’s stock rose 3.68% to close at Rs 237.90. This stock has grown by 69.26% in six months. While in one year it has given a return of 180.71%. From January till now, this stock has jumped by 91.08%.
(Note: Before investing in the stock market, please seek the help of a financial advisor)
Source (PTI) (NDTV) (HINDUSTANTIMES)