This company took advantage of people’s laziness, making 126 times profit in one year

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

Actually, we are talking about Zomato. The company does not have a single hotel or restaurant operating in the entire country, but today, Friday, the company’s market cap has crossed Rs 2.5 lakh crore. That too by joining the food business. The company’s job is to pick up the food from the restaurant of your choice and deliver it to your specified address. It charges some fee and the company also gets some commission from the restaurant. Taking money like salt in dal, this company is giving competition to the big businessmen of the country today.

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What is the company’s profit?
First of all, we tell you how much profit the company has made in the first quarter of this year. What you should know Zomato made a profit of Rs 253 crore in the first quarter, which is a 126 times increase compared to last year. The company had made a profit of just Rs 2 crore in the first quarter of last year. It seemed that the days of the company were over but this time the profits surprised everyone.

How to Catch Lazy People
We are using the word lazy because that is what has given Zomato maximum profit this year. Zomato, which only delivered food till a year ago, has now started delivering ration and water to your doorstep. When its subsidiary Blinkit launched the facility, people seemed to have stopped leaving their homes. He’s saying this because while Blinkit’s profits have grown 130 percent, the company’s food delivery business has seen growth of only 27 percent.

The share price rose by 19% in one day.
If the company’s results were good, its impact was also seen on the stock market. The company’s shares rose 19 percent on the day. With this, Zomato’s share price has reached a record high. Today, Zomato’s share price has reached Rs 278.70. Let us tell you that the company’s revenue has grown by 75% to Rs 4,206 crore in the quarter.

Tags: business news, Stock market