In a surprise, Zomato posts Rs 36 crore profit in Q2 2023-24

Zomato on Friday reported a profit of Rs 36 crore, a surprise for everyone in the market.

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The revenue from operations stood at Rs 2848 crore, 74% up compared to Rs 1661 crore in the previous year same quarter.

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The company reported a net loss of Rs 302 crore last year.

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The online food ordering company is trading at around Rs 116 in the stock market as of today.

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The Gold Loyalty program by Zomato has amassed 3.8 million members within 3 quarters.

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