Zomato with a Rs 2.4 lakh cr mkt cap has profits of Rs 600 cr.
While Indusind bank with a 1 lakh cr mkt cap has profits of 9000 cr.
What am I missing?
Vishu Bheda
•
Medial • 5m
I miss the point that the profits of Zomato were made from investment returns and not from core business. Their core business is still operating at a loss!
0 replies1 like
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Mohd Rihan
Student • 24d
Zomato Finances of this year:::
Revenue: 5405 cr
Expenses: 5533 cr
Loss:128 cr
Non operating income (invested in FD, IPO and from other places): 252 cr
Income- Loss=124 cr
After tax: 59 cr
Means, Zomato is earning from interest and FD's than actual
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Ronak Patel
Here you go! • 2m
Do you think?
The core business of Zomato of delivering food has completed its growth stage and is currently at maturity stage?
Zomato has conquered the losses and entered the profitable stage in the last few Quarters, but in the recent quarter the
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Vansh
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According to you what made zomato profitable in the last FY24...
According to me :-
1. Operational efficiency : Zomato reduced the cost of delivery and other over expenses too
2. Diverse revenue stream : As zomato also goes into the "Going out" b
zomato profits are from fd
Zomato recently reported a net profit of ₹39 crore, primarily attributed to earnings from fixed deposits (FDs). Specifically, the company earned ₹252 crore from FDs while incurring an operational loss of ₹213 crore. This f
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The fact that this company is in Sensex and Nifty next is unbelievable and previously their growth was coming from 400 crore of "other" income. Market fell and so did their profits. They were not profitable in main business even in past quarter.