Zomato’s first-ever quarterly profit, can it sustain?
Releasing its quarterly earnings, Zomato (previously FoodieBay) reported its first-ever quarterly profit. Way ahead of schedule (as stated in their previous quarter for profitability to take another year) Zomato’s Rs. 2 crore profit after tax (PAT) is a milestone investors are ecstatic over. Zomato Chief Financial Officer Akshant Goyal stated