Zomato profit drops 78% to Rs 39 crore in Q4

MUMBAI: Eternal (formerly Zomato) saw its net profit drop 78% to Rs 39 crore in the March quarter from Rs 175 crore in the year-ago period on a consolidated basis as expenses shot up on the back of heavy investments in quick commerce business Blinkit. Revenue from operations increased to Rs 5,833 crore in Q4 from Rs 3,562 crore in the year ago period.