Zomato rallies 14 per cent as it announces 75 per cent revenue growth in Q4

The company witnessed a 110 per cent jump in revenues for FY22.

Zomato Ltd, a popular food delivery app in India, has been trending on Dalal Street for its Q4 and FY22 results. The stock has zoomed by 13.95 per cent from its previous close of Rs 57. The scrip opened at Rs 58.35 and made a day’s high of Rs 67.60. It closed at Rs 64.95.       

The company announced its Q4 and FY22 results on 23rd May. In Q4FY22, revenue grew by 75.01 per cent YoY to Rs 1211.8 crore from Rs 692.4 crore in Q4FY21. On a sequential basis, the top line was up by 8.97 per cent. PBIDT excluding other income was reported at negative Rs -449.7 crore, and the corresponding margin was reported at -37.11 per cent. The food delivery giant posted a net loss of Rs -359.9 crore, while it witnessed net losses of Rs -134.2 crore in the same quarter for the previous fiscal year. The PAT margin stood at -29.7 per cent in Q4FY22 as it was -19.38 per cent in Q4FY21.       

As far as the fiscal 2022 results are concerned, the revenues grew by a whopping 110 per cent to Rs 4,192.4 crore as against FY21. However, the bottomline continued to be in a negative zone as the EBITDA and PAT were recorded at Rs -1,355.90 crore and Rs -1,222.80 crore, respectively. In FY21, Zomato had posted a net loss of Rs -816.4 crore.     

Zomato Ltd operates an online food guide, restaurant directory, and menu-pages website for customers to dine out or order food. It lists menus, ratings, and contact details for listed restaurants, as well as offers editor and user reviews, and discounts. The company also operates as a marketing engine for restaurants through promotions and advertisements on the website. The stock has a 52-week high of Rs 169.10 and a 52-week low of Rs 50.35.