Zomato Q4 Quarterly Results Date and Time: Food Tech Giant to Declare Earnings This Week; Check Preview, Expectations

Zomato Q4 Quarterly Results Date and Time: The Zomato's board is slated to meet this week to announce the quarterly earnings report. The shares of the online food deliver platform will remain in focus as the market opens in Monday's trading session. Traders will keep a close watch on scrip ahead of the earnings report.

The Zomato's board is slated to meet on Monday, May 13 to consider and approve the results for the fourth quarter and financial year ended March 2024.

Zomato Q4 Quarterly Results: Preview

According to ET NOW research team's consolidated estimates, the revenue is seen at Rs 3579 crore against Rs 3228 crore in previous quarter, zooming 11 per cent.

The company is likely to report Profit After Tax, or PAT at Rs 191 crore against Rs 138 crore, up by 38.4 per cent. EBITDA, or earnings before interest, taxes, depreciation, and amortization is seen at Rs 173 crore, up by 37 per cent. "The food delivery business YoY growth trends to continue, aided by increase in platform fee hike," the research report said.

Analysts at brokerage Nuvama project a robust 9.4% quarter-over-quarter (QoQ) and an impressive 74.9% year-over-year (YoY) revenue growth for the consolidated business in the fourth quarter of FY24. They anticipate the adjusted revenue of the food delivery business to rise by 6.5% QoQ and an impressive 40.9% YoY, primarily fueled by volume expansion. The statement further notes an expected improvement of 110 basis points (bps) in the consolidated EBITDA margin compared to the previous quarter.

Zomato hiked its platform fee by 25 per cent to Rs 5 per order from Rs 4 in select markets, citing it as a part of business calls taken by the food tech giant. According to company sources, the hike in platform fees applies to major cities like Delhi-NCR, Bengaluru, Mumbai and Hyderabad, among others. The company introduced a platform fee last August, starting with Rs per order, which has been increased gradually. Its main rival, Swiggy, already charges a platform fee of Rs 5 per order.

Notably, the food delivery platform has received various tax demand orders aggregating to Rs 227.85 crore since March 15, separate regulatory filings showed. In February, Zomato reported a consolidated net profit of Rs 138 crore for the December quarter.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money related decisions.)