Zomato Q4 results preview: Steady earnings on cards after solid few quarters
Online food delivery platform Zomato is expected to post a stable performance in the January-March 2024 period after the previous few quarters.
The company is likely to see consolidated revenues grow by up to 75% year-on-year (YoY), driven by healthy food delivery and Hyperpure revenues. Sequential revenue growth has been seen in the range of 3-9%. On Monday, May 13, the meal delivery app will release its financial results.
Q4 net profit looks set to surge by 48% quarter-on-quarter (QoQ). The company had suffered a loss of Rs 187 crore in the last year’s quarter.
Last December quarter, Zomato’s net profit increased almost 4 times (283%) quarter-on-quarter to Rs 138 crore. Revenue from operations increased 69% to Rs 3,288 crore in the third quarter.
