India's Zomato reported its first quarterly profit on Thursday, helped by a tax gain and strong orders on its food delivery and quick commerce platforms.
The company reported a profit of 20 million rupees ($241,861.37) for the quarter ended June 30.
{{^htLoading}} {{/htLoading}}
Zomato, which also runs grocery delivery service Blinkit, said consolidated revenue from operations rose 70.9% to 24.16 billion rupees in the first quarter.
That beat analysts average estimate of 22.86 billion rupees, according to Refinitiv IBES data.
($1 = 82.6920 Indian rupees)
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Advertisement
{{/htLoading}}{{#usCountry}}