Zomato Reports Q3 Net Profit of Rs 138 Crore

Zomato Ltd, an online food delivery company, announced a consolidated net profit of Rs 138 crore for the December quarter.

This marks a significant turnaround from the consolidated net loss of Rs 347 crore reported in the same quarter of the previous fiscal year, as stated in a regulatory filing by Zomato Ltd on Thursday.

In the third quarter of the current fiscal year, consolidated revenue from operations amounted to Rs 3,288 crore, compared to Rs 1,948 crore recorded in the corresponding period last year, according to the company's statement.

The company recorded an increase in total expenses, reaching Rs 3,383 crore, up from Rs 2,485 crore in the same period last year, according to the company's statement.