Hello everyone. Zomato has announced its December quarter results. Similar to the previous two quarters, Zomato has recorded profits in this quarter as well. Let's take a look at some key highlights from the results. But before we begin, please subscribe to our channel if you haven't done so yet.

The company's revenue from operations stood at INR 3,288 crore, showing a 15.4% increase quarter on quarter. Additionally, Zomato reported a net profit of INR 138 crore, which is 283% more than the previous quarter. This growth can be attributed to the strong surge in demand witnessed during the quarter, largely due to multiple festivals and occasions.

Speaking of segment-wise revenue, Zomato generated INR 2,025 crore from its food delivery business, while its B2B supplies division known as Hyperpure achieved revenues of INR 859 crore. Furthermore, the quick commerce business, known as blinkit, generated revenues of INR 644 crore. The total gross order value for Zomato's B2C business stood at INR 12,886 crore, with a 13% increase on a quarter-on-quarter basis.

During the December quarter, Zomato had an average of 1.88 crore monthly transacting customers, compared to 18.4 crore in the previous quarter. The company had 2,54,000 restaurant partners and 4,19,000 delivery partners during this quarter.

Following the result announcement, Zomato's stock price rose by 5% and reached its highest point in two years.

These were the main highlights of Zomato's results. If you liked this video, please like and subscribe to Upstox's YouTube channel for more content. You can also find the link below in the description to open an account with Upstox.


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