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After delivering in Q1, Zomato just needs to sustain the good run
Mint Mumbai
|August 07, 2023
Zomato had earlier guided that it would turn net profit by Q4FY24. While it is true that Zomato has seen improvement across key operating and financial parameters, a tax adjustment helped it report a net profit of ₹2 crore in Q1.
Zomato Ltd clocking its first ever consolidated net profit in the June quarter (Q1FY24) is a milestone. In response, shares of the online food delivery company jumped by 10% on Friday.
Zomato had earlier guided that it would turn net profit by Q4FY24. While it is true that Zomato has seen improvement across key operating and financial parameters, a tax adjustment helped it report a net profit of ₹
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