Shares of food aggregator Zomato hit a 52-week high of Rs 147.50 on 8 February after the company reported stellar growth in its quarterly report for October-December.

The company reported a net profit of Rs 138 crore for the quarter under review from the Rs 347 crore net loss it reported in the same quarter last year.

The revenue for the quarter stood at Rs 3,288 crore, marking a 69% year-on-year increase from Rs 1,948 crore reported in the same quarter of the previous fiscal year.

Furthermore, the delivery costs during the quarter also stood at Rs 1,068 crore, marking a 63% YoY increase from Rs 655 crore reported in the corresponding quarter of the previous fiscal year, as the company was able to rein in the growth of advertising and promotional expenses in this period.

The marketing expense during the quarter stood at Rs 374 crore, growing by 7% YoY.

Rakesh Ranjan, Zomato’s food delivery CEO, said, “We think it is too early to predict how the platform fee will shape up. Much like the Gold program, we are still testing the waters on what works and makes sense here from a long term perspective.”

At 3:30 pm, the shares of Zomato closed 1.14% higher at Rs 142 on NSE.