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Zomato Q3 show keeps brokerages bullish on growth prospects, fuels target price hike

Zomato reported a net profit of Rs 138 crore for the October-December period and revenue rose 69 percent year-on-year to Rs 3,288 crore.

​Gainers & Losers: IREDA, RVNL among top 5 stocks in spotlight on Friday

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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.

Q3 result: Zomato logs third straight quarter of profit at Rs 138 crore, revenue up 69%

In a letter to shareholders, Zomato s management said that the company s improving margins have been driven by factors like greater ad monetisation and introduction of platform fees.

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.

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