Mumbai: Zomato reported a consolidated net profit of Rs two crore for the quarter ended June 2023 against a loss of Rs 186 crore in the corresponding quarter of the last financial year.The company reported a loss of Rs 189 crore in the quarter ended March.

The revenue from operations for the reporting quarter stood at Rs 2,416 crore which was up nearly 71 per cent YoY against Rs 1,414 crore reported by the company in the year-ago period.The quarterly earnings were announced during the market hours and the stock jumped over 2 per cent on the NSE.The company in its exchange filing said that the quick commerce (Blinkit) business turned contributive positive for the first time ever in the month of June 2023.

The consolidated adjusted EBITDA stood at Rs 12 crore, versus a loss of Rs 152 crore in Q1FY23. The adjusted EBITDA margin stood at 0.4 per cent, up by nine percentage points YoY. The adjusted revenue excluding the quick commerce business stood at Rs 2,402 crore which was up 33 per cent YoY.

The company reported a jump in its gross order value (GOV) for the reporting quarter at Rs 7,318 crore versus Rs 6,425 crore in the corresponding quarter of the previous financial year. It was also up sequentially from Rs 6,569 crore in the March quarter. The average monthly transacting customers were at 1.75 crore in Q1FY24 versus 1.67 crore in the year-ago period.