Zomato announced Financial Results Q1 2024

The comprehensive analytics outlining the performance and outlook of Zomato Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Zomato Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 44.23 %. However, it did see a marginal increase of 12.28 % from the previous quarter. Expenses ticked up slightly by 11.99 % quarter-on-quarter, aligning with the annual rise of 40.09 %. Operating profit, while up 92.04 % compared to last year, faced a quarter-on-quarter increase of 14.81 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 2.64 %, but an expansion of 0.24 % sequentially. Other income rose by 20 % compared to the last quarter, despite an annual growth of 48.39 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year decrease remains at a moderate -20 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 5.56 %. Profit before tax grew annually by 70.29 % but saw an increase from the preceding quarter by 18.69 %.
Net profit rose by 70.29 % year-on-year but experienced a 18.69 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 67.74 % but a quarterly rise of 18.18 %. In summary, Zomato Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Zomato Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 44.23 % year-on-year growth, however, there was a minor increase of 12.28 % from the previous quarter. Expenses rose by 40.09 % compared to the previous year, with a 11.99 % increase quarter-on-quarter. Operating Profit surged by 92.04 % annually, and saw a 14.81 % increase from the last quarter.
Net Profit showed yearly increase of 70.29 %, and experienced a 18.69 % increase from the previous quarter. Earnings Per Share (EPS) rose by 67.74 % annually, however rose by 18.18 % compared to the last quarter. In essence, while Zomato Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.