Thursday, April 17

Tag: Zomato

Zomato profits fall 57% in third quarter
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Business News, Feature

Zomato profits fall 57% in third quarter

New Delhi, January 21, 2025.Food delivery and quick commerce major Zomato reported a 57.24 per cent year-on-year (YoY) decline in the profit after tax (PAT) at Rs 59 crore for the third quarter ended December 2024 as against Rs 138 crore in the same period a year ago, primarily due to the ongoing store expansion.It had reported a net profit of Rs 176 crore in the September quarter.Zomato’s revenue from operations rose 64 percent YoY to Rs 5,405 crore in Q3, up from Rs 3,288 crore a year ago. It had reported a revenue of Rs 4,799 crore in the previous quarter.
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Business News, Feature, National News

Zomato shares zoom over 12 pc after strong Q1 results

New Delhi, August 02, 2024.Shares of Zomato zoomed more than 12 per cent on Friday after the food delivery aggregator reported a multi-fold jump in consolidated net profit to Rs 253 crore for the June quarter.The stock of Zomato surged 12.24 per cent to close at Rs 262.74 apiece on the National Stock Exchange (NSE).On the BSE, it climbed 12.11 per cent to settle at Rs 262.45 per piece.
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Rs 1 lakh penalty on Zomato, McDonald’s for deliverying non-veg food in place of veg order
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Feature, National News

Rs 1 lakh penalty on Zomato, McDonald’s for deliverying non-veg food in place of veg order

New Delhi, October 13, 2023.Online food ordering and delivery platform Zomato on Friday said a penalty of Rs 1 lakh has been imposed on it and restaurant partner McDonald's by the District Consumer Dispute Redressal Forum, Jodhpur, for alleged wrongful delivery of non-vegetarian food in place of a vegetarian food order.The company is in the process of filing an appeal against the order, Zomato said in a regulatory filing.The District Consumer Dispute Redressal Forum (II) Jodhpur has imposed a monetary penalty of Rs 1 lakh for violation of Consumer Protection Act, 2019 on Zomato and McDonald's, the restaurant partner whose food was delivered through it, and awarded Rs 5,000 as cost of litigation, it said.
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