This company took advantage of people’s ‘laziness’, made 126 times profit in a year

New Delhi. You can understand how much companies take advantage of the laziness of the common man by just looking at the profit of one company. You will not believe that this company has increased its net profit 126 times within a year. It is not that the company has set up a new plant or manufactured a product whose demand is increasing in the market. The entire business of this company is based on the laziness of the common man.

Actually, we are talking about Zomato. This company does not have a single hotel or restaurant running in the entire country, but today on Friday, the market cap of this company crossed Rs 2.5 lakh crore. That too by connecting with the food business. The job of the company is to take food from your chosen restaurant and deliver it to the address given by you. For this, it charges some fee and the company also gets some commission from the restaurant. By taking money like salt in lentils, this company is today giving competition to the big entrepreneurs of the country.

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How much is the company’s profit
First of all, let us tell you how much profit the company has made in the first quarter of this year. You should know that Zomato made a profit of 253 crores in the first quarter which has increased 126 times compared to last year. The company had made a profit of only 2 crores in the first quarter of last year. It seemed that the company’s days were over but this time everyone was stunned to see the profit.

How to catch lazy people
We are using the word lazy because this is what has benefited Zomato the most this year. Zomato, which was only delivering food a year ago, has now started delivering ration and water to your home. When its subsidiary company Blinkit started this facility, it seemed as if people have stopped leaving their homes. We are saying this because while Blinkit’s profits have increased by 130 percent, the company’s food delivery business is growing by only 27 percent.

Shares rose 19 percent in one day
When the company’s results came out well, its effect was also seen in the stock market. The company’s shares rose 19 percent in a single day. With this, the price of Zomato’s shares has reached a record level. Today Zomato’s shares have reached a price of Rs 278.70. Let us tell you that the company’s revenue has reached Rs 4,206 crore with a jump of 75 percent this quarter.

Tag: Business News, Share Market