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Zomato shares in focus ahead of earnings; analysts bullish on profitability outlook

Food delivery should grow slower, but for Blinkit, traction is likely to continue in Q3FY24, said analysts.

Zomato Q3 Results: Profit skyrockets 283% QoQ to Rs 138 crore, beats estimates

Zomato Q3 Results: Net profit jumped nearly 4x (283%) quarter-on-quarter (QoQ) to Rs 138 crore. An ET Now poll saw the figure around Rs 36 crore. The company had posted a loss of Rs 34.7 crore in the last year period. Consolidated adjusted EBITDA was positive for the third consecutive quarter at Rs 125 crore.

Zomato Q3 Results: Company s Net Profit Surges To 283 pc - Details

Zomato, the food delivery company, has reported a substantial surge in net profit, witnessing a nearly fourfold increase (283%) quarter-on-quarter to reach Rs 138 crore. This marked turnaround from the same period last year when the company posted a loss of Rs 34.7 crore., Companies News, Times Now

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