Is Zomato a loss?
Food delivery firm Zomato said on Monday its consolidated net loss for the quarter ended March widened to Rs 360 crore compared to Rs 134.2 crore the same time last year. Revenue from operations were at Rs 1,211.8 crore, up 75.01 per cent compared to Rs 692.4 crore in the same quarter last year.Is Zomato is a loss making company?
Food delivery platform Zomato on Thursday reported a narrowing of its net loss at Rs 63 crore for the quarter ending December 31, 2021 helped by a gain, while revenue jumped due to increased demand for restaurant meals. It reported a net loss of Rs 353 crore in the year-ago period.Why Zomato is not profitable?
Zomato's founder and chief executive Deepinder Goyal added that the company will try not to spend most of the funds by the time it turns profitable. “In FY18-19, it was largely about acquiring more users who were new to this category," he added. More than 90% of Zomato's business is from repeat monthly customers.Is Zomato making profit?
Zomato's revenue from operations surged to ₹2,118 crores in the year ended March 2021 from just ₹466 crores in FY18. But while food aggregators like Swiggy and Zomato were finally set to become sustainable, there was a war brewing between restaurant owners and aggregators.Does Zomato has any debt?
Zomato will be investing $150 million in debt to rescue cash-strapped quick commerce startup Blinkit, the company said in a stock filing on March 15.Zomato 90,000 Crore Valuation SCAM ? ? Will Zomato Fail ? Zomato Business Case Study #Zomato
Why is Zomato in losses?
“We lost some delivery partners to such jobs. On top of it, all the workforce which migrated to their hometowns (or villages) during the first Covid wave, hasn't yet come back to the cities for work – thus hampering our Delivery Partner Acquisition Rate,” said Deepinder Goyal.Why is Zomato at loss?
Higher losses were due to increased spending on branding and marketing; growing share of smaller and emerging geographies (which are less profitable); and increased delivery costs. Zomato, the online food delivery platform, on November 10 announced its July-September quarter results for the financial year 2021-22.Is Swiggy running in loss?
Swiggy's consolidated losses shrunk to Rs 1,616 crore, a reduction of nearly 59 percent for the financial year ending March 2021, according to regulatory filings, reported ET. However, the company's consolidated revenue from operations took a beating as it dropped 26.6 percent year-on-year to Rs 2,547 crore.What is future of Zomato?
JM Financial expects the stock to surge to Rs 140 per share, an upside potential of 74% from today's intraday low. Analysts at JM Financial have cut the target price to Rs 140 from Rs 155 earlier. Zomato is currently sitting just 5% away from its IPO price of Rs 76 per share.Is Zomato bigger than Swiggy?
Swiggy is now India's latest decacorn after raising $700 million in its latest round. Zomato is now valued under $10 billion as its shares dropped below the ₹100-mark earlier today.Is Zomato good to invest?
Revenue from operations came in at Rs 1,112 crore, up 82.47 per cent against Rs 609.4 crore in the year-ago quarter. The Deepinder Goyal-led company also declared a consolidated exceptional gain of Rs 316 crore in the December quarter. "Zomato is taking a very strategic and long-term approach to build its business.Will Zomato rise?
ZOMATO RESULTSDemand for services in India's food delivery sector, dominated by Zomato and rival Swiggy, surged during the pandemic as the country went into strict lockdowns. While Zomato has logged earnings losses since its listing in 2021, it has seen a consistent rise in orders.
Why is Ola in loss?
Ola's marketing spend shrank 72% in FY21As mentioned earlier, the company's fleet operations were curtailed during FY21 and resulted in heavy losses for the company. Ola's vehicle running expenses were also reduced by 96.2% to only Rs 9.33 crore during FY21.
Why is Amazon in loss?
Amazon has reported its first quarterly loss since 2015 due to lower online sales and a fall in the value of its shares in electric vehicle firm Rivian. Online sales at the e-commerce giant slipped 3% in the first three months of the year, as the boom to its business from the pandemic starts to fade.Is Paytm in profit or loss?
The company reported a loss of Rs 780 crore for the December quarter, compared with a loss of Rs 474 crore a quarter earlier. Revenue rose 34% from the previous quarter to Rs 1,460 crore, according to a statement.Is Swiggy is in profit or loss?
Food delivery giant Swiggy (Bundl Technologies) reported a 23 per cent fall year-on-year in revenue at Rs 2,145 crore in financial year 2020-21 (FY21). However, its net loss decreased 65 per cent YoY to Rs 1,314 crore, showed regulatory documents sourced by business intelligence platform Tofler.Is Zomato good or Swiggy?
Reviewers felt that Zomato meets the needs of their business better than Swiggy. When comparing quality of ongoing product support, reviewers felt that Zomato is the preferred option. For feature updates and roadmaps, our reviewers preferred the direction of Zomato over Swiggy.How much will Zomato fall?
Financials. While Zomato's business appears intact with bright prospects going ahead, it is still a loss-making company. During the quarter that ended in December 2021 (FY22), the company reported a loss of Rs 67.2 crore. But it narrowed from a loss of Rs 352.6 crore same period last year.Is Uber India profitable?
Unlike revenue, expenses contracted by 'just' 26%On a unit level, Uber India spent Rs 2.65 to earn a single rupee of revenue during FY21. While the company had posted a profit of Rs 720.7 crore during FY20 on account of the sale of UberEats to Zomato, its annual losses stood at Rs 334 crore during FY21.
Has Uber made a profit?
Uber has a gross profit margin of 35.7%, which changed some -7.3% from three years ago, indicating that the business is still struggling with the cost structure. These results may further shift in the future, if gas prices and other inflation impacted inputs keep rising. The company's net profit margin is -2.8%.Is Uber a loss?
Uber recorded a net loss of $5.9 billion due to unrealised losses from stakes in Didi Global, Grab Holdings and Aurora Innovation, but delivered a positive outlook for earnings in the current period.Is Zomato overvalued?
Zomato listed on the NSE on July 23 opening at Rs 116 and reaching a high of Rs 138.90. Noted valuation expert Aswath Damodaran said that the company is currently overvalued and the shares should be worth Rs 41.How is Zomato doing?
Zomato rallies most since listing, up 19%; m-cap tops Rs 50,000 crore. The company's consolidated revenue from operations rose to Rs 1,212 crore in the fourth quarter of 2021-22 as compared to Rs 692 crore recorded in the corresponding period previous year, posting year-on-year growth of 75 per cent.What happened to Zomato?
Zomato Q4 Results | Net loss widens to Rs 359 crore despite 75% jump in revenue. The net loss has nearly tripled as compared to the year-ago period, when it stood at Rs 134.2 crore.Why Zomato share is rising?
JPMorgan said adjusted Ebitda losses continued to decline and that gross order value (GOV) saw strong growth as orders came back. It said Food delivery revenues rebounded for Zomato in the March quarter, as it suggested a price target of Rs 130 on the stock.
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