InvestorQ : How do you see the Zomato numbers for Q4 with the losses widening?
Priyanka N made post

How do you see the Zomato numbers for Q4 with the losses widening?

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Neelam Naik answered.
2 months ago
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One of India’s pioneering digital food delivery apps, Zomato Ltd, saw top line sales increase by 75% to Rs1,212 crore. FY22 revenues more than doubled to Rs4,192 crore. Zomato saw solid top line growth across its core food delivery and its Hyperpure (supply chain) verticals. Gross order value (GOV) for FY22 stood at Rs213 billion, while Zomato received and processed a total of 535 million orders in FY22; a record of sorts. On spread, average monthly transacting customers more than doubled to a whopping 14.7 million in FY22.

Zomato Ltd

Rs in Crore

Mar-22

Mar-21

YOY

Dec-21

QOQ

Total Income (Rs cr)

₹ 1,211.80

₹ 692.40

75.01%

₹ 1112.00

8.97%

Net Profit (Rs cr)

₹ -359.70

₹ -130.80

N.A.

₹ -63.20

N.A.

Diluted EPS (Rs)

₹ -0.47

₹ -0.21

₹ -0.08

Net Margins

-29.68%

-18.89%

-5.68%

  

Net loss for the quartered widened almost 3-fold in Q4FY24 at Rs(359.70) crore. The widening of the losses can be largely attributed to a sharp yoy spike in manpower costs as well as sharply higher delivery charges due to petrol and diesel prices rallying. Zomato ended the year with 1.8 lakh monthly active food delivery restaurants and over 2.85 lakh active monthly delivery partners. Anti-inflation measures should benefit Zomato.

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