The Board of Zomato Payments, a wholly owned subsidiary of Zomato, at its meeting held on 13 May 2024 has decided the following:- to voluntarily surrender the certificate of authorization issued by RBI to operate as an online payment aggregator; and- to withdraw the application dated 11 November 2021 submitted with the RBI to operate as the issuer of pre-paid payment instruments. The company said, Thanks to RBI`s efforts, the payments landscape in India has evolved meaningfully over the past couple of years since the time we applied for these licenses. This has over time, therefore, resulted in a seamless payment experience for customers. At Zomato, we do not see ourselves having a significant competitive advantage against the incumbents in the payments space and hence we don`t foresee a business in payments space as commercially viable for us, at this stage. While we were conscious of these developments as they unfolded, the real impact was more apparent as we got closer to putting in place the structure to commence the operations. Powered by Capital Market - Live News

Net profit of Zomato reported to Rs 175.00 crore in the quarter ended March 2024 as against net loss of Rs 189.00 crore during the previous quarter ended March 2023. Sales rose 73.25% to Rs 3562.00 crore in the quarter ended March 2024 as against Rs 2056.00 crore during the previous quarter ended March 2023.For the full year,net profit reported to Rs 351.00 crore in the year ended March 2024 as against net loss of Rs 971.00 crore during the previous year ended March 2023. Sales rose 71.13% to Rs 12114.00 crore in the year ended March 2024 as against Rs 7079.00 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales3562.002056.00 73 12114.007079.00 71 OPM %2.41-10.99 -0.35-17.11 - PBDT301.00-70.00 LP 817.00-578.00 LP PBT161.00-204.00 LP 291.00-1015.00 LP NP175.00-189.00 LP 351.00-971.00 LP Powered by Capital Market - Live News

Zomato will hold a meeting of the Board of Directors of the Company on 13 May 2024Powered by Capital Market - Live News

Net profit of Zomato reported to Rs 138.00 crore in the quarter ended December 2023 as against net loss of Rs 346.60 crore during the previous quarter ended December 2022. Sales rose 68.77% to Rs 3288.00 crore in the quarter ended December 2023 as against Rs 1948.20 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales3288.001948.20 69 OPM %1.55-18.80 - PBDT252.00-208.90 LP PBT124.00-363.70 LP NP138.00-346.60 LP Powered by Capital Market - Live News

Zomato has allotted 10,88,68,081 equity shares under ESOP on 08 February 2024. Consequent to aforesaid allotment, the paid up equity share capital has increased to 8,81,97,83,744 equity shares of Re 1 each. Powered by Capital Market - Live News