Zomato Ltd will announce the quarter 3 results of the fiscal period 2024. As per the information, the Zomato Q3 results 2024 will be declared in mid-January 2024. The company has made an impressive growth in its stocks. It will be interesting to know the upcoming results of the NSE-registered company. The share price of Zomato Ltd. is said to be Rs. 124.70. However, the overall performance of the company has boosted leading to Zomato’s popularity in the market. We have discussed details about Zomato Q3 results 2024. The company’s PAT was Rs. 36 crores in Q2 jumping from mere Rs. 2 crores PAT in Q1.
Zomato Q3 Results 2024 Revenue, Net Profit, Sales Report, YoY Growth
Zomato Q3 results 2024 will be announced shortly. Everyone is curious to know more about the release date of its Q3 results. In the previous year, we saw that the Q3 FY 2023 had a net loss despite an upsurge in their profits. The revenue was seen to increase by 75%. Zomato is currently focussing on increasing its profitability on an overall basis. The acquisition of Blinkit also made Zomato’s EBIDTA positive.
Zomato Q2 results 2024 made a PAT of 36 Crores with a 71% increase in revenue. The operational performance of the company improved. The quarter’s biggest achievement was a cash flow movement from ₹488 crores to ₹288 crores. The cash burn decrease has let the company build up cash in the quarter. The overall margin also increased. Zomato’s YOY growth is also said to be 53%. The company’s listing took place in July 2021. Its highest delivery percentage was in October at 50%. The recent growth of Zomato is catching everyone’s attention.
Zomato Limited’s stock price is set to be Rs. 124.70 per share. Its past growth was seen at 7.04% making it a good month. The release date of Zomato Q3 results is yet to be announced. The expected release date of Zomato Q3 will be in the second week of January 2024. We can expect the revenue and profit to increase further. The company is controlling the losses from the previous year. There might be a reduction in expenses as well. Many experts believe in Zomato’s growth in the long term.
Zomato will be working on the expense reduction in the current year. The revenues are increasing, but the expenses are not making it workable. We will share more details about Zomato Q3 results 2024 as soon as it gets published officially. The company is running on a 7% growth in the stock currently.