And big jump in revenue. First thoughts? Stock will go to it’s all time highs again?
Zomato has an operational loss, PBT loss. Only reason for a minor profit is the deferred tax adjustment. Moreover, they have made many acquisitions in the last few years at high valuations and the excess amount paid over fair value is recorded as goodwill on the balance sheet. However, I believe that unless all these new acquisitions start making some serious money, there are likely to be write downs in the goodwill amount as an impairment loss which is reflected on the income statement. Also, since it has been a loss making company, it has negative operating cash flows. So looking at the latest quarter results and drawing the conclusion that the company will now sustainably make profits is not prudent.
Zomato needs to show a positive operational performance and PBT profit on a standalone and consolidated basis before one can say that they have turned the corner. Another thing that these “new age” companies do is continue to issue a large value of esops to the employees and management which dilutes the equity, from a minority shareholder perspective one need to look out for all such things. There are much better companies out there.
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Check their PBT 
Retailer ko fasaane ka acha tareeka hai
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