Earnings Review: Zomato PAT contracts for first time since turning profitable
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Earnings Review

Zomato PAT contracts for first time since turning profitable

Restaurant aggregator and food delivery company Zomato Ltd.'s net profit for the December quarter slumped 57% on year, contracting for the first time after the company turned profitable in the June quarter of 2023. The company's bottom line missed analysts' estimates by a wide margin on account of a spurt in expenses and tax expenses during the final quarter of 2024.

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