The food delivery app Zomato on Friday reported a net profit of Rs 36 crore for the quarter gone by, compared to the loss of Rs 251 crore the previous year in the same quarter.
The company’s consolidated revenue from operations for the quarter ended also increased to Rs 2,848 crore, compared to Rs 1,661 crore last year.
“On balance, we think that QoQ GOV growth in food delivery in the next quarter should be moderate – around high single digit which should translate to about 25-30 per cent YoY GOV growth,” Zomato CFO Akshant Goyal said in a letter to shareholders on 3 November.
The revised Gold loyalty programme has scaled to 3.8 million members within three quarters since its re-launch and its members now account for around 40 per cent of the company’s food delivery sales.
