Zomato’s Q1FY25 Results: Net Profit Surges to Rs 253 Crore, Revenue Up 74% Y-o-Y
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New Delhi, August 1, 2024 — Food aggregator giant Zomato has reported impressive financial results for the first quarter of the current fiscal year (Q1FY25), showcasing a remarkable increase in both net profit and revenue. The company’s net profit for the June quarter soared to Rs 253 crore, a significant leap from Rs 2 crore in Q1FY24.
Key Financial Highlights:
Net Profit:
- Year-on-Year (Y-o-Y) Growth: Zomato’s net profit surged to Rs 253 crore in Q1FY25, a multifold increase compared to Rs 2 crore in the same period last year.
- Sequential Growth: The company also reported a 44.5% increase in net profit from Rs 175 crore in the preceding quarter (Q4FY24).
Revenue from Operations:
- Year-on-Year (Y-o-Y) Increase: Revenue from operations rose by an impressive 74% Y-o-Y to Rs 4,206 crore in Q1FY25, up from Rs 2,418 crore in Q1FY24.
- Sequential Growth: Revenue saw a 19.2% rise from Rs 3,562 crore in the previous quarter (Q4FY24).
Strategic Insights:
The robust growth in net profit and revenue underscores Zomato’s strong market positioning and operational efficiency. The company’s ability to significantly increase its profitability while maintaining a substantial rise in revenue indicates effective management and strategic execution.
CEO’s Statement:
Deepinder Goyal, CEO of Zomato, expressed his satisfaction with the results, stating, “Our performance in Q1FY25 reflects the strength of our business model and our commitment to delivering value to our customers and stakeholders. We have made significant strides in improving our operational efficiency and expanding our market reach, and these results are a testament to our hard work and strategic focus.”
Market Impact:
Zomato’s impressive financial performance has positively impacted investor sentiment, with shares of the company experiencing an uptick in the stock market following the announcement of the results. Analysts have praised the company’s strong growth trajectory and its potential for continued success in the highly competitive food delivery industry.
Future Outlook:
Looking ahead, Zomato aims to continue its growth momentum by further enhancing its service offerings, expanding into new markets, and leveraging technology to improve customer experience and operational efficiency. The company’s strong Q1FY25 performance sets a solid foundation for sustained growth in the upcoming quarters.
About Zomato:
Zomato is a leading food aggregator and delivery platform in India, connecting millions of customers with a wide range of restaurants and food service providers. The company offers a seamless online ordering experience and is committed to delivering high-quality service and value to its users.
