New Delhi, May 1 (IANS). Eternal Limited (East Jomato) said on Thursday that the company’s consolidated net profit declined by 77 percent to Rs 39 crore in the fourth quarter of FY 2025, compared to Rs 175 crore in the same quarter a year ago.
On a quarterly basis, Jomato, owned by the Blinkit -owned food delivery company, has a net loss of Rs 59 crore to Rs 33 per cent in the third quarter of FY 2025.
The company’s total expenditure increased by 67 percent on an annual basis, which increased from 3,636 crores to Rs 6,104 crore. The company’s expenditure increased by more than 10 percent on a quarterly basis.
Consolidated revenue increased by 64 percent to Rs 5,833 crore due to the operation of the food delivery company, compared to Rs 3,562 crore in the same January-March quarter of the previous financial year.
During this fourth quarter, the total income of Zomato increased to Rs 6,201 crore, compared to Rs 3,797 crore in the same period a year ago. The company’s expenses also increased from Rs 3,636 crore to Rs 6,104 crore.
Jomato shares closed at Rs 232.5 with a gain of 0.58 percent on BSE.
According to the company’s stock exchange filing, the Blinkit has added 294 new stores in the fourth quarter and is moving towards reaching 2,000 stores by 25 December.
Deepinder Goyal, the founder and CEO of Eternational said, “We do not see any long-term structural reason for this slodown. There has been no change in the basic things like restaurant’s food and increase in urbanization and per capita income in India.”
He said that we have many initiatives promised for the future, hope that some of them will work better and will be helpful in higher development without compromising on profit.
The company has started reporting the Net Order Value for its Beatous Business (Food delivery, Quick Commerce and Going Out) from the fourth quarter of FY 2025.
The company said, “Our beat business NOV increased by 53 percent to Rs 17,440 crore on an annual basis in the fourth quarter of FY 2025, which shows an increase of 5 percent on a quarterly basis.”
According to Blinkit founder and CEO Albinder Dhindsa, “They will continue to focus on improving the customer experience with better delivery and full fame experience. They will also increase the product category that customers can buy in a trusted manner.”
-IANS
SKT/ABM
