Zomato to do earnings, analyst calls once a year

New Delhi: Zomato Ltd. will do earnings calls once a year—at the end of each fiscal—and will address the most frequent and pertinent questions through future blogs and by quarterly shareholder letters.

“We will do earnings/analyst calls once a year, at the end of each fiscal, where we will share a more detailed commentary on the year gone by along with key metrics,” a note in Zomato’s letter to shareholders read. "In the meanwhile, please feel free to write to us at 'shareholders@zomato.com' if you have any questions/clarifications. We will address the most frequent/pertinent ones in our future blogs and/or quarterly shareholder letters.”

The letter was signed by Zomato’s CEO Deepinder Goyal and CFO Akshant Goyal.


The move comes a day after Zomato reported its first quarterly results after listing. Net loss widened to Rs 360.7 crore in the April-June period as against Rs 99.8 crore a year ago, mainly due to a rise in expenses. Revenue rose 22% year-on-year to Rs 844.4 crore.

its adjusted revenue—a combination of revenue from operations and customer delivery charges—increased 26% to Rs 1,160 crore in the June quarter, compared to around Rs 920 crore in the March quarter.

“Revenue growth was largely on the back of growth in our core food delivery business, which continued to grow despite the severe Covid-19 wave starting April,” Goyal said in a regulatory filing.

The increase in loss was due “largely on account of non-cash ESOP (employee stock ownership plan) expenses, which have increased meaningfully in Q1 of FY22 due to significant Esop grants made… pursuant to creation of a new ESOP 2021 scheme.”

On Wednesday, Zomato shares rose 8.68% to Rs 135.80 apiece on the BSE while the benchmark Sensex ended the day 0.05% lower at 54,525.93 points.