Food delivery app Zomato has finally turned profitable, reporting a consolidated net profit of Rs 2 crore for the quarter ended June 2023.
Great surge in revenue
It reported a loss of Rs 189 crore in the quarter ended March.
However, revenue from operations stood at Rs 2,416 crore, up nearly 71% YoY against Rs 1,414 crore reported in the year-ago period.
Blinkit turns positive
The company said that Blinkit, the quick commerce business it owns, has turned contributive positive for the first time ever in the month of June.
The adjusted revenue excluding the quick commerce business stood at Rs 2,402 crore which was up 33% YoY.
Gross order value
Gross order value (GOV) went up to Rs 7,318 crore as opposed to Rs 6,425 crore in the corresponding quarter of the previous fiscal.
It also…
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